Economy

• Wednesday, June 10th 2015 - 05:01 UTC

  Argentina comes to a halt as transport unions shut-down buses, trains, subways, air traffic

  

  A strike by Argentine transport workers caused chaos for Buenos Aires commuters and forced airlines to cancel flights on Tuesday as the government accused unions of playing pre-election politics.

• Tuesday, June 9th 2015 - 08:20 UTC

  Brazil determined to advance Mercosur/EU trade talks in this week's meeting

  

  A top Brazilian minister said that Mercosur must allow member countries to sign trade agreements with third parties and called for the end to the rule which prevents such initiative. Development, Industry and Trade minister Armando Monteiro Neto made the statement during a competitiveness seminar in Rio do Janeiro a couple of days ahead of a crucial meeting in Brussels between Mercosur representatives and the European Union to address an encompassing free trade agreement.

• Tuesday, June 9th 2015 - 08:06 UTC

  Paraguay believes in a 'single speed' approach to Mercosur/EU trade talks

  

  Paraguay believes in a 'single speed' approach to negotiations for a trade agreement between Mercosur and the European Union, but discussions must be more dynamic and wide ranging, said the country's president Horacio Cartes, currently visiting Spain.

• Tuesday, June 9th 2015 - 07:28 UTC

  FI Holdings' profits helped by Falklands increased activity and investments

  

  Falkland Islands Holdings PLC said on Monday that underlying pre-tax profit and revenue was broadly flat in its recently-ended financial year, and trading so far in the new year has met its expectations as it seeks to accelerate its growth and increase its scale through acquisitions.

• Monday, June 8th 2015 - 13:00 UTC

  China imports dropped 17.6% during May, and exports 2.5%

  

  Exports in the world's second largest economy, China, fell for a third consecutive month in May, highlighting slowing demand in the country. Sales abroad fell 2.5% from a year ago in dollar denominated terms, and 2.8% in Yuan denominated figures.

• Monday, June 8th 2015 - 09:11 UTC

  Uruguay's vice-president travels to Brussels to advance Mercosur/EU trade talks

  

  Uruguay's vice-president Raúl Sendic and Foreign minister Rodolfo Nin Novoa will be attending this week's summit of EU and Celac leaders scheduled in Brussels, which will also address in the sidelines, current EU/Mercosur negotiations for a wide ranging trade agreement.

• Monday, June 8th 2015 - 08:32 UTC

  YPF strikes shale gas in Vaca Muerta; initial production 43.000 m3day

  

  Argentina's government managed energy company YPF said on Sunday that it turned up a new promising shale gas deposit in its giant Vaca Muerta field in the south of the country.The find, in the Patagonian province of Neuquen, suggests there is likely much more gas in the vast but barely tapped Vaca Muerta field, YPF said.

• Monday, June 8th 2015 - 07:36 UTC

  Argentine financial watchdog claims banks actively collude to take money out of the country

  

  Argentina's head of the Financial Information Unit (UIF) watchdog, José Sbatella has accused major banks of not just participating, but actively organizing operations to move capital out of the country. The official made reference to ongoing cases involving capital flight against worldwide financial powerhouses HSBC, BNP Paribas and JP Morgan, in an interview published in Página 12.

• Saturday, June 6th 2015 - 11:23 UTC

  Corporations experience huge 'trust deficit' in major Western economies, says TUC

  

  Just one in five of people in western economies like France, Germany, the UK and the US agree that corporations can be trusted with their global workforce, according to a new poll commissioned by International Trade Union Confederation.

• Saturday, June 6th 2015 - 10:02 UTC

  For a world in distress, “the answer is Latin America” argues Argentine ambassador in London

  

  The Argentine ambassador in the UK, Alicia Castro, was one of the main speakers invited to an event yesterday which included the discussions “another world is possible” and “against foreign intervention in Latin America”. Dozens of activists from across the UK expressed their support for a range of Latin American causes.