Economy

• Thursday, January 7th 2016 - 08:17 UTC

  Macri will become first Argentine president to attend Davos forum in twelve years

  

  For the first time in twelve years and Argentine president will be attending the World Economic Forum in Davos, Switzerland that runs between January 20-23. President Mauricio Macri will be present together with ally Sergio Massa, leader of dissident Peronist Renewall Front, in order to attract investment.

• Thursday, January 7th 2016 - 08:08 UTC

  Rousseff's unaccomplished promise of no recession or retrocession

  

  On 2 February 2015, Brazilian president Dilma Rousseff sent the Executive message to Congress with her government's plan and promising she would not promote “recession or retrocession.” However eleven months later, Brazil is undergoing full recession and faces retrocession in several areas, having been downgraded by two credit risk agencies.

• Tuesday, January 5th 2016 - 08:57 UTC

  Chinese markets recover after Monday's trading suspension; central bank injects funds

  

  Mainland Chinese shares recovered early losses amid volatile swings, following Monday's suspension of trading which led to a global equities sell-off. The Shanghai Composite was up 0.8% at 3,324.27 after opening more than 3% lower, while the Hang Seng also changed direction to head up 0.1% to 21,342.09.

• 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.