Economy

• Tuesday, June 23rd 2015 - 07:43 UTC

  Uruguay and Paraguay meet to talk about Mercosur, ports and energy

  

  Mercosur, ports, energy, trade are among the issues in the agenda that Paraguayan president Horacio Cartes will consider with his counterpart Tabare Vazquez when he makes a one day visit on Thursday to Montevideo, according to the Uruguayan ambassador in Asunción Federico Perazza, ahead of the meeting.

• Saturday, June 20th 2015 - 09:16 UTC

  Buenos Aires/Moscow close ties are “a fact, not a wish”, says Argentine minister Kicillof

  

  Argentine Economy Minister Axel Kicillof speaking from Moscow said ties between Buenos Aires and Russia were “a fact, not a wish” praising the bilateral “natural understanding” and “complementation”, achieved by the two partners in economic, energy and trade affairs.

• Saturday, June 20th 2015 - 09:06 UTC

  Brazil' economic activity further contracts in April as confidence dwindles

  

  Economic activity in Brazil fell sharply in April from March, worse than already negative market estimates and showing still more evidence the once-booming economy is heading toward a recession.

• Saturday, June 20th 2015 - 08:59 UTC

  US Lower House approves controversial trade bill: Senate next hurdle

  

  The United States House of Representatives approved a controversial trade bill backed by President Obama, just a week after Democrats voted it down. The bill gives the president the right to negotiate global trade deals, with Congress only able to approve or reject a deal but not change it.

• Saturday, June 20th 2015 - 08:23 UTC

  Brazil's top two construction tycoons arrested in connection to Petrobras case

  

  Brazilian police arrested on Friday Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, ensnaring the most high-profile executive to date in the corruption investigation at state-run oil firm Petrobras.

• Saturday, June 20th 2015 - 00:14 UTC

  Argentine congress members in Paris investigating HSBC with whistleblowers

  

  Members of the Argentina's congressional bicameral commission investigating HSBC alleged illegal scheme to help Argentines evade taxes and siphon money out of the country, met in Paris with a group of French legislators and with UBS whistleblower Stéphanie Gibaud.

• Saturday, June 20th 2015 - 00:08 UTC

  Less millionaires in Latin America because of the fall in commodities' prices

  

  Latin America posted a decrease in high-net-worth individuals (HNWI) as falling commodity prices affect the continent’s economies, especially Brazil which accounts for more than 50% of Latin America’s HNWI wealth.

• Friday, June 19th 2015 - 23:58 UTC

  Middle East carriers among the top ten 2015 Skytrax World Airline Awards

  

  Middle East carriers again outranked US airlines this year in the 2015 Skytrax World Airline Awards. Qatar Airways took the top honor, up from second place in 2014. But the other Gulf airlines from the so-called Middle East Three group, Emirates and Etihad, were not far behind, in fifth and sixth place, respectively.

• Friday, June 19th 2015 - 23:51 UTC

  Fourteen Caribbean BOTs blacklisted by EU as world's worst tax havens

  

  Fourteen Caribbean countries are among 30 territories blacklisted by the European Union (EU) as the world’s worst tax havens. The list published by the EU on Wednesday includes Antigua and Barbuda, Bahamas, Barbados, Belize, Bermuda, Grenada, St. Vincent and the Grenadines, St. Kitts and Nevis, and the British Overseas Territories of Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Montserrat, and the Turks and Caicos Islands.

• Thursday, June 18th 2015 - 07:08 UTC

  Mercosur/EU hope 'for positive news in third quarter' despite members' domestic problems

  

  The European Union also has difficulties in completing a draft proposal of goods and services to exchange with Mercosur in the search for a long delayed trade agreement between the two blocks, revealed Uruguayan vice-president Raul Sendic during a report to the Senate on his recent 10/11 June trip to Brussels for the Celac/EU summit. However in “the third quarter of the year there should be positive news”.