Economy

• Monday, April 18th 2016 - 09:46 UTC

  Mercosur/EU trade deal is “no bed of roses” and “we're just beginning”

  

  Despite growing optimism among Mercosur member countries of reaching a trade agreement with the European Union, Argentine minister of foreign affairs Susana Malcorra has cautioned that the road ahead is not “a bed of roses”, and the coming exchange of goods and tariff reduction proposals “will not satisfy any of the two sides”, but that is where “serious discussions begin”.

• Monday, April 18th 2016 - 08:49 UTC

  Argentina returns to money market for US$ 15bn to pay bondholders

  

  Once Argentina pays the holdout funds, US District Judge Thomas Griesa will lift the injunctions against the country, court-appointed mediator Daniel Pollack said, following the appeals court ruling that cleared the way for Argentina to pay its debts.

• Monday, April 18th 2016 - 08:40 UTC

  Leading oil exporters can't agree to cap production; Iran did not attend

  

  The meeting of the world's leading oil exporters to discuss capping production has ended without agreement. After hours of talks in Qatar, the country's energy minister Mohammed bin Saleh al-Sada said that the oil producers needed “more time”.

• Monday, April 18th 2016 - 08:06 UTC

  Praise for Argentina from IMF and credit rating agencies but austerity measures “are tough”

  

  Following President Mauricio Macri’s economic policies and the deal with the holdout funds, Argentina will help to bring stability and a larger economic growth to Latin America, now facing a declining economy mainly because of Brazil’s downfall, representatives from the International Monetary Fund said.

• Saturday, April 16th 2016 - 09:44 UTC

  A view of the Falkland Islands by the British Consul in Uruguay

  

  Katharine Felton writes the highlights of her one week experience in the archipelago. - Last week I visited the Falkland Islands for the first time - to learn more about the Islands and look at how their links with Uruguay, and vice versa, can be strengthened.

• Saturday, April 16th 2016 - 09:00 UTC

  Malbec Day celebrations this weekend in London's Camden Market

  

  This year in addition to retail promotions, Wines of Argentina and the Argentine Embassy in London are celebrating Malbec Day (April 16) with a weekend of promotion and sales “estilo argentino” (Argentine tradition) in Camden Market, one of the coolest and trendiest destinations in London.

• Friday, April 15th 2016 - 18:14 UTC

  Rousseff to address the nation Friday evening while Congress debates her impeachment

  

  President Dilma Rousseff is scheduled to address Brazil on national television Friday evening, the same day that Congress started a three-day debate to decide whether there are enough arguments to begin the impeachment process that could lead to her removal from office. She is charged with manipulating budget accounts that helped her government present balanced accounts for the 2014 presidential elections.

• Friday, April 15th 2016 - 09:04 UTC

  US regulators reject “too big to fall” banks proposals in case of another major 'blackout'

  

  US regulators have rejected the plans of five big US banks for closing their operations in the event of a crisis. Banks labeled “too big to fail” must have a so called “living will” that would allow them to close down without the help of public money. Bank of America, Bank of New York Mellon, JPMorgan Chase, State Street and Wells Fargo have until 1 October to submit improved plans.

• Friday, April 15th 2016 - 09:00 UTC

  China's economy expanded 6.7% in the first quarter, in line with Beijing growth target

  

  China's economy grew 6.7% in the first quarter of the year compared to the same time last year, announced the government. It is the slowest quarterly growth in the Chinese economy in seven years, but in line with expectations and China's own growth targets.

• Friday, April 15th 2016 - 07:12 UTC

  Argentine government favors farmers in dispute with Monsanto

  

  Argentina, the world's No. 3 soy exporter, said on Thursday the government must authorize any grain inspection, dealing a blow to Monsanto Co. which wants exporters to check cargoes to make sure farmers had paid to produce its genetically modified soybeans.