Economy

• Monday, August 1st 2016 - 12:58 UTC

  Argentina and Mexico pledge to reach “absolute integration and free trade”

  

  Argentina and Mexico agree on the need to reach absolute integration and free trade, as part of the closer bilateral relations confirmed with the visit to Buenos Aires of Mexican head of state Enrique Peña Nieto.

• Saturday, July 30th 2016 - 08:38 UTC

  Olympics equestrian sports have to live with glanders scare in Rio

  

  Brazil's summer Olympics, scheduled to be opened in less than a week, have added another challenge to the long list of complaints and disease-scares, such as Zika, but this time the culprits are not mosquitoes but an alleged outbreak of glanders disease, a deadly equine respiratory condition. And this has surfaced when the world's top riders and their mounts prepare to compete in Rio de Janeiro events.

• Saturday, July 30th 2016 - 08:36 UTC

  Unemployment in Magallanes Region climbs to the highest in five years

  

  Unemployment in Magallanes, extreme south of Chile climbed strongly during the March/May quarter, from 3.6% to 5.7%, marking the third consecutive mobile quarter increase. The 5.7% is the highest unemployment mark in five years, in 2015, 4%; 2014, 2.8%; 2013, 2.7%; 2012, 3% and in 2011, 4%.

• Thursday, July 28th 2016 - 13:04 UTC

  Fed sees current conditions remaining unchanged, at least until December

  

  The United States Federal Reserve on Thursday left key interest rates untouched but acknowledged improved economic performance, suggesting a rate increase may be on the horizon in 2016.

• Thursday, July 28th 2016 - 11:36 UTC

  Ushuaia plans to expand main port pier 251 meters and improve facilities

  

  Ushuaia, the world's most extreme south city and the gateway for Antarctica cruise tours is planning to upgrade its port facilities including the expansion of the main pier by 251 meters increasing the docking capacity for tourism vessels during the summer season.

• Wednesday, July 27th 2016 - 13:51 UTC

  Temer vetoes foreign 100% ownership of Brazilian airlines

  

  Brazil's interim President Michel Temer vetoed on Tuesday an article in a new law, which would allow foreign investors to take 100% ownership of Brazilian airlines, according to the official Gazette. The article is part of a law seeking to modify areas of the aviation sector, mainly in order to allow the state-owned airport infrastructure firm, Infraero, to restructure its debts.

• Wednesday, July 27th 2016 - 12:57 UTC

  Wet weather conditions Argentine wheat crop; 2016/17 corn area expected to expand

  

  Hopes for a revival in Argentina’s wheat production are falling, even as ideas for corn growing continue to mount, in part at the expense of soybeans, for which seed availability has emerged as an issue. Argentina’s wheat production will increase in 2016-17, but not by as much as had been thought, the US Department of Agriculture bureau in Buenos Aires said, cutting to 13.7m tons their harvest forecast.

• Tuesday, July 26th 2016 - 21:54 UTC

  Petrobras announces plans to sell voting control of its distribution network

  

  Petrobras announced it plans to sell voting control of Petrobras Distribuidora SA after a bidding round for a minority stake in the fuels retailer failed to attract bids that met the state-controlled oil company's needs.

• Tuesday, July 26th 2016 - 21:51 UTC

  Meirelles insists on a cap for government spending, if not taxes will have to rise

  

  Brazil's Finance Minister Henrique Meirelles has warned that if Congress does not approve a ceiling for public spending, the country will have chosen a most cumbersome path with new rounds of tax increases and higher interest rates which will further delay sustainable growth.

• Monday, July 25th 2016 - 10:51 UTC

  Argentina considering phasing out Patagonian ports' fisheries exports

  

  The Argentine government is considering phasing out the incentives which benefit Patagonian ports fisheries exports. The announcement was made by Jorge Metz, Ports Under Secretary during a recent visit to Bahía Blanca although pointing out the issue was still under consideration by the cabinet chief office, but some advances would be made public in a month's time.