Economy

Saturday, August 20th 2016 - 05:29 UTC
UK strongly supports innovative solutions for the Chilean mining sector

The British Embassy in Chile participated at the mining conference Medmin to strengthen the importance of British innovative solutions for the mining sector in a country which is highly dependent on minerals and is the world's leading exporter of copper.
Friday, August 19th 2016 - 13:17 UTC
US Federal Reserve reiterates concern with stubbornly slow rate of inflation

United States Federal Reserve officials believed last month that near-term risks to the U.S. economy had subsided and that an interest rate increase could soon be warranted. But they did not indicate when they would likely raise rates.
Friday, August 19th 2016 - 12:59 UTC
Argentina's Supreme Court rules gas rate increases must be rolled back

Argentina's Supreme Court on Thursday blocked President Mauricio Macri's move to slash natural gas subsidies, a much-hated policy that has sent customers' bills soaring. The ruling is the hardest blow yet to the business-friendly president's move to eliminate electricity, gas and water subsidies which he says are bloating the deficit and sapping the struggling economy.
Thursday, August 18th 2016 - 06:04 UTC
Macri after full integration of Mercosur with the Pacific Alliance

Latin America needs greater economic integration and a merger of Mercosur and the Pacific Alliance should be the objective, according to Argentine president Mauricio Macri, who insists in loosening trade restrictions in his country and the region.
Tuesday, August 16th 2016 - 20:39 UTC
Argentina's squid season, one of the worst in recent times, is almost over

Only a few jiggers are still operating in the South Atlantic while the bulk of the Argentine fleet has already finished one of its worst squid (Illex argentinus) seasons. According to figures from Ministry of Agro Industry, until last August 8 a total of 56,159 tons of Illex had been landed.
Tuesday, August 16th 2016 - 20:25 UTC
Macri preparing a major show to the world's business elite his vision of a modern Argentina

Argentina is organizing a major business and investment forum next month, September 12/15, in Buenos Aires and more than 1,500 world business leaders and representatives of government and economic institutions are scheduled to attend the event, probably the largest in recent times in Latin America.
Tuesday, August 16th 2016 - 06:56 UTC
Argentina reaches agreement with oil companies for temporary freeze of fuel prices

Argentina's government and leading oil companies hammered out a plan to gradually trim artificially high wellhead crude prices over the next three months in exchange for a temporary freeze on retail fuel prices.
Tuesday, August 16th 2016 - 06:50 UTC
Sao Paulo's bull stock market reflects investors' confidence of Brazil's GDP rebound

Brazil's Ibovespa rose on Monday to the highest level in almost two years as an advance in crude oil lifted the shares of Petrobras while estimates for a faster economic recovery fueled bets on companies that rely on domestic demand.
Tuesday, August 16th 2016 - 06:11 UTC
British Airways cuts its food service on flights less than eight and a half hours

British Airways has cut its food service and will no longer provide two meals to economy travelers on flights lasting less than eight-and-a-half hours. Instead of two full meals, passengers will only receive one as part of the new measures, which also apply to journeys lasting less seven hours for premium economy passengers.
Tuesday, August 16th 2016 - 06:01 UTC
Latam airlines has poor performance in 2Q; defers incorporation of new aircraft

Latin America's largest airline, reported a wider-than-forecast net loss in the second quarter of US$92 million, as it struggles to overcome tough economic conditions in its key markets. The airline made a loss of US$50 million in the same period a year ago, a quarter that is traditionally weak for seasonal reasons.