Economy

• Friday, February 26th 2016 - 07:49 UTC

  IMF warns global economy has weakened and is highly vulnerable to adverse shocks

  

  The International Monetary Fund (IMF) said the global economy has weakened further and warned it was “highly vulnerable to adverse shocks” and the weakening has come “amid increasing financial turbulence and falling asset prices”.

• Friday, February 26th 2016 - 07:46 UTC

  French farmers furious with low prices and storm shops selling foreign goods

  

  French government has been trying to defuse the week-long protests by farmers over the collapsing prices of agriculture including cereals, milk and vegetables.The depression of prices is partly due to EU agriculture ministers, who have come under pressure from the French government to ease Russian trade sanctions and to remove excess meat and dairy products off the European market.

• Friday, February 26th 2016 - 01:36 UTC

  “Falklands people voice must be heard”, says Uruguayan former president visiting the Islands

  

  Luis Alberto Lacalle, the Ex-President of Uruguay, is currently in the Falkland Islands on a week-long tour, along with Uruguayan Elected Representative Mario Jaime Trobo. Lacalle served as President from 1990 to 1995 and Trobo is presently a Member of the International Affairs Committee.

• Thursday, February 25th 2016 - 06:57 UTC

  Hollande/Macri 'personal link' “will make things get moving and get done”

  

  The visit of French president Francois Hollande was described as “most positive” and this was reflected in the over twenty bilateral agreements signed in all fields, plus a very significant 'personal link' with his Argentine peer Mauricio Macri, said Susana Malcorra, foreign minister on Wednesday at the Casa Rosada.

• Thursday, February 25th 2016 - 06:50 UTC

  Moody's downgrades Brazil's sovereign debt to 'junk territory'

  

  Moody's Investors Service on Wednesday joined the two other major credit rating agencies in downgrading Brazil's sovereign debt to junk territory. Moody's lowered Brazil's credit rating by two notches from Baa3 (its lowest investment-grade rating) to Ba2 and changed the country's outlook to “negative,” a move that follows similar actions by Fitch Ratings and Standard & Poor's.

• Thursday, February 25th 2016 - 06:27 UTC

  Hollande extends full support for Macri: “France is ready to back you”

  

  Argentina's President Mauricio Macri received fresh endorsement of his economic measures on Wednesday when French President Francois Hollande flew in to Buenos Aires with 30 business leaders looking for investment opportunities. The visit reflected a turnaround in Argentina's global profile since Macri took power two months ago and immediately set about mending diplomatic ties and his country's tattered credit ratings.

• Thursday, February 25th 2016 - 06:16 UTC

  Argentina in pre-accord with toughest hedge funds; Special Master Pollack furious

  

  Argentina and a group of hedge funds are nearing a deal that would pay investors about 70% of what they say they are owed, as the government moves closer to re-entering the global bond markets following its 2001 default.

• Wednesday, February 24th 2016 - 06:54 UTC

  Despite Malvinas, “we want to accord and collaborate with the UK” to the benefit of both countries

  

  Argentine president Mauricio Macri said he wants to reach an agreement with the UK that will enable collaboration in areas of mutual interest, despite the dispute over the Falkland/Malvinas Islands, although 'we will never drop Argentina's historic claim on the issue'.

• Tuesday, February 23rd 2016 - 07:07 UTC

  Falklands with “no big concentrations of Illex” this season, which is “worrying”

  

  Early indications from scientific surveys are showing “no big concentrations of Illex,” in the Falkland Islands waters or on the high seas, “which is worrying,” said Falkland Islands Government Senior Fisheries Scientist Sasha Arkhipkin as reported by the Penguin News.

• Tuesday, February 23rd 2016 - 06:56 UTC

  Argentina to issue 15bn in bonds to end litigation with holdouts and return to global money markets

  

  Argentina is planning to issue an estimated 15bn dollars in bonds, with which to pay the bondholders involved in years of litigation, and thus abandon its default situation which impedes it from having access to global money markets. The news was released by the Argentine Ministry of Finance.