Economy

• Friday, March 18th 2016 - 03:12 UTC

  Brazilian markets surge on prospects Rousseff will be removed

  

  Brazilian share prices surged on Thursday to close 6.6% higher, a seven-year record, after fresh setbacks to populist President Dilma Rousseff raised the prospect of her being driven from power.

• Friday, March 18th 2016 - 03:03 UTC

  It's official: Mercosur and EU will exchange offers for a trade accord on 8 April

  

  Argentina is willing to “make concessions” in order to move forward with a free-trade agreement between Mercosur and the European Union (EU), which will likely allow a greater export of agricultural produce, according to Argentina's Trade Secretary Miguel Braun who then reveled that trade offers will be exchanged on April 8.

• Thursday, March 17th 2016 - 06:01 UTC

  Falklands' oil industry making steady advance 'with positive signs from Argentina', says GlobalData

  

  Falkland Islands' oil and gas industry is making steady advancement in spite of global concerns about falling prices, according to new analysis by GlobalData. With positive signs coming from the neighboring Argentina, which recently witnessed a change in government, the Falklands is preparing to commercialize production of its first oil project, Premier Oil's Sea Lion.

• Wednesday, March 16th 2016 - 17:29 UTC

  Judge Griesa sends strong message of support for Argentina at crucial moment

  

  As the Argentine congress started to debate an end to the 15-year litigation, United States District Judge Thomas Griesa sent a new message of support to Argentina by claiming he won’t allow any attempts to seize the funds to be used by Argentina to pay the holdout creditors.

• Wednesday, March 16th 2016 - 17:15 UTC

  Argentine Senate begins consideration of debt 'normalization' bill following approval by Lower House

  

  The administration of president Mauricio Macri overcame a first hurdle in the Argentine congress to have its “debt normalization” bill approved, which should help bring to an end years of litigation with the holdout funds and open access to global money markets in normal conditions.

• Wednesday, March 16th 2016 - 07:24 UTC

  Latin American fiscal weakness and lack of 'tax culture' addressed in ECLAC forum

  

  Evasion is one of the main weaknesses of the tax systems in the Latin America and the Caribbean economies, accounting for 320 billion dollars in 2014 - according to the Fiscal Panorama of Latin America and the Caribbean 2016, launched by the UN regional office, ECLAC, in Santiago de Chile.

• Tuesday, March 15th 2016 - 05:06 UTC

  Lula prepared to accept a ministry to avoid arrest, according to Brazil's leading media

  

  Former Brazilian leader Lula da Silva has accepted a key ministerial role in President Dilma Rousseff's government, leading media in Sao Paulo have reported. Members of the governing Workers' Party say his appointment will strengthen her beleaguered administration. In becoming a minister, Lula will also have some legal protection. Allegedly the two are to meet on Tuesday in Brasilia.

• Monday, March 14th 2016 - 23:36 UTC

  Argentina not planning a trade deal with the US, “it's a joint task for Mercosur”

  

  It would be 'hasty' to consider that Argentina is ready to sign a trade agreement with the United States, but in any case the issue must be addressed by Mercosur, and it's the whole group that should advance in that direction, said Argentina's foreign minister Susana Malcorra.

• Monday, March 14th 2016 - 11:35 UTC

  Falklands experiences steady growth in cruise visitors and leisure tourists

  

  By Joshua Peck - The number of cruise passengers visiting the Falkland Islands is projected to increase for the third season in a row. Each tourist season, lasting from October to March, sees numerous cruise vessels arrive in the Falklands, with passengers typically disembarking for a single day onshore. The last cruise vessel for the current season is scheduled to arrive on 31st March.

• Monday, March 14th 2016 - 11:33 UTC

  Argentina's February inflation 4.8%; minister anticipates 1% during second quarter

  

  February’s inflation in Argentina reached 4.8% and has accumulated 33.9% in the last twelve months, according to the so called “congressional inflation index” released laast week. But Finance minister Alfonso Prat-Gay from Chile anticipated that consumer prices will fall to nearly 1% during the second quarter.