Economy

Tuesday, January 5th 2016 - 08:34 UTC
Confirmed: Brazil faces its worst economic plunge in 25 years

Analysts expect Brazil's economy to contract by 2.95% this year after contracting by 3.71% in 2015, marking the biggest drop in economic output in 25 years, the Central Bank said on Monday. The first survey of analysts released this year shows that private sector economists expect the inflation rate to hit 6.87% in 2016.
Monday, January 4th 2016 - 07:20 UTC
Canada opens its market to Argentine boneless fresh and frozen beef after 13 years

Canada finally made official the opening of its market to Argentine boneless beef, both fresh and frozen. This happens after thirteen years of negotiations, according to an end of the year release from the Argentine ministries of foreign affairs and agriculture and livestock, and the Argentine animal sanitary office. The decision became effective last 17 December.
Monday, January 4th 2016 - 07:09 UTC
Brazil's Rousseff faces Olympic political and financial challenges this year

Brazilian President Dilma Rousseff began the new year on the offensive declaring the impeachment proceedings she faces as “unfair” and overruling by veto more than 50 amendments made by lawmakers to the nation’s budget, including reductions to her flagship Bolsa Familia social program.
Thursday, December 31st 2015 - 07:50 UTC
Holdouts subpoena HSBC on Argentina's efforts to raise money abroad

Creditors suing Argentina over billions of dollars in defaulted bonds have subpoenaed HSBC Holdings Plc for information about the country's effort to raise money abroad, a person familiar with the matter said on Tuesday, as reported by Reuters.
Thursday, December 31st 2015 - 07:43 UTC
Global economic growth in 2016, “disappointing and patchy” forecasts Lagarde

Global economic growth will be “disappointing and patchy” in 2016, the head of the International Monetary Fund, Christine Lagarde, wrote in an article published in the German business daily Handelsblatt on Wednesday.
Wednesday, December 30th 2015 - 14:10 UTC
Two ex ministers with prison sentences for Buenos Aires train accident that killed 51 and injured 789

An Argentine court handed down prison sentences of up to nine years for those charged in the February 2012 train accident in Buenos Aires that killed 51 people and injured more than 700.
Wednesday, December 30th 2015 - 01:01 UTC
Reclaiming South Georgia from rats: a world leading project

Reclaiming South Georgia is the story of the SGHT Habitat Restoration Project fieldwork that took place on South Georgia in three phases (in 2011, 2013 and 2015). The latest edition of South Georgia Newsletter says that text and photographs tell the story of how this world-leading project baited every square inch of rodent-infested land on the island.
Wednesday, December 30th 2015 - 00:51 UTC
Dismal prospects for Brazilian economy in 2016, according to Central bank and budget deficit

Analysts expect Brazil's economy to contract by 2.81% in 2016 after contracting by 3.70% this year, marking the biggest drop in economic output in 25 years, the Central Bank said on Monday. Economists are forecasting an inflation rate of 10.72% this year, the highest rate in 13 years, and 6.86% in 2016. The estimates seem to be supported by the latest numbers referred to the budget deficit.
Tuesday, December 29th 2015 - 23:56 UTC
Majority of Spaniards against a re-run of election; only 7% would change their vote says poll

Less than one third of Spaniards want a re-run of 20 December's election, which resulted in a stalemate, with two-thirds favoring a pact between parties, a poll showed. Just 7% of those surveyed said they would change their votes in a fresh election, while 87.1% said they would vote the same way.
Tuesday, December 29th 2015 - 21:54 UTC
Environmental groups blame massive deforestation for floods in Mercosur members

Deforestation is one of the main causes of the floods in South America that have left at least 160,000 people, 25,000 of them in Argentina alone, homeless, environmental groups said.