Economy

Monday, July 6th 2015 - 08:49 UTC
Uruguay looking to increase trade and investments with India

Uruguay's president Tabare Vazquez is planning to visit India next year, while foreign minister Rodolfo Nin Novoa is scheduled to attend the India-Latin-American conference next October. The move is seen as an effort by Uruguay to increase its trade opportunities and access new markets, given the current difficulties to forge an agreement with the European Union.
Monday, July 6th 2015 - 08:46 UTC
Shanghai Composite picking up strongly as fund managers buy stocks

Mainland Chinese shares surged nearly 8% on Monday despite the rest of Asian markets trading lower on Greece's rejection of austerity demands. The Shanghai Composite was up 2.6% to 3,783.69 after the government announced measures over the weekend to stabilize the tumbling stock markets.
Monday, July 6th 2015 - 07:34 UTC
Euro zone to hold emergency summit to discuss Greek referendum 'no'

Euro-zone nations will hold an emergency summit on Tuesday to discuss the Greek referendum “No” result after the German and French leaders called for a meeting, EU president Donald Tusk said. The special meeting comes as Brussels reels with the implications of what the head of the Euro-group of finance ministers from the 19-country block, Jeroen Dijsselbloem, called a “very regrettable” decision.
Monday, July 6th 2015 - 07:22 UTC
“An outright victory of democracy and dignity” said Cristina Fernandez on the Greek vote

Argentine President Cristina Fernández used her Twitter account on Sunday to celebrate the result of a Greek bailout referendum saying it was “an outright victory of Democracy and Dignity. The Greek people have said NO.”
Saturday, July 4th 2015 - 07:33 UTC
Greece 'Yes' and 'No' voters tied for Sunday's referendum, shows latest poll

Greeks packed city squares for dueling rallies late into the night Friday, as polls showed a dead heat between the 'yes' and 'no' camps ahead of a bailout referendum Sunday that could be Greece's most important vote since it joined the European Union.
Saturday, July 4th 2015 - 06:32 UTC
Uruguay experienced poor 2014/15 cruise season; costs in the region limited vessel calls

The 2014/15 cruise season was not encouraging for Uruguay which reported a drop in the number of vessels calling; passenger landings and money spent by the industry and visitors, according to the official assessment of the season presented by Tourism ministry officials and other government offices involved in the different operations.
Friday, July 3rd 2015 - 08:16 UTC
Magallanes Region retains second lowest unemployment rate in Chile

Unemployment in Magallanes Region, extreme south of Chile reached 4% in the March/May quarter, which is 1.2 percentage points higher than a year ago, and 0.3 percentage points more than the previous mobile quarter, according to the latest report from the country's Stats Office, INE.
Friday, July 3rd 2015 - 08:04 UTC
US jobless rate drops to 5.3% in June, but factory orders fell strongly in May

US employment rose by 223,000 in June, while the April and May figures were revised down, official figures show. May's figure was revised from a rise of 280,000 jobs to a rise of 254,000, according to the US Labor Department.
Thursday, July 2nd 2015 - 06:37 UTC
Pacific Alliance summit takes off in Peru with business conferences

The Xth summit of the Pacific Alliance took off on Wednesday with the attendance of presidents from Chile, Colombia, Mexico and Peru at the Peruvian sea-side resort of Paracas.
Thursday, July 2nd 2015 - 06:24 UTC
Chile insists with Pacific Alliance/Mercosur intelligent convergence

Chile will insist at the two-day Pacific Alliance summit which took off on Wednesday in Paracas, Peru, that a convergence with Mercosur is needed to ensure the integration of Latina America, and this is more evident now that both groupings face similar challenges such as falling prices for commodities, normalization of US monetary policy and an international context of slow growth.