Economy

• Monday, June 1st 2015 - 07:25 UTC

  Argentine oil-crushing industry unions back to work after 26-day strike

  

  Argentine oil crushing industry workers reached over the weekend a much disputed salary agreement, ending a 26 day strike, and hopefully resuming activities which have paralyzed the Rosario cereals and oilseeds stock market and forced a queue of over 140 vessels and barges along the Paraná river.

• Monday, June 1st 2015 - 06:50 UTC

  US economy shrinks 0.7% in first quarter; harsh winter partly to blame

  

  The US economy shrank 0.7% in the first three months of 2015, compared to the same period last year. The Bureau of Economic Analysis significantly revised down its earlier economic growth estimate of 0.2%.

• Saturday, May 30th 2015 - 10:03 UTC

  Mercosur/EU officials will assess trade talks in Brussels on 11 June

  

  Mercosur foreign ministers will be meeting in June with the European Union Trade Commissionaire Cecilia Malmstrom to 'assess' the current negotiations for a comprehensive trade and cooperation agreement. The meeting in Brussels will be on the sidelines of the EU-Celac (Community of Latin American and Caribbean States) summit, the first at ministerial level since January 2013

• Saturday, May 30th 2015 - 09:46 UTC

  Brazilian unions hold rallies in main cities to protest austerity measures

  

  Brazilian unions held nationwide protests Friday against the federal government's austerity measures and a bill that would allow companies to outsource any part of their operations. unions held rallies in 23 of Brazil's 27 states to protest the outsourcing proposal and a separate bill that would restrict access to unemployment insurance, both of which are nearing full legislative approval.

• Saturday, May 30th 2015 - 09:01 UTC

  Ford announces investments to boost car production in Argentina

  

  Ford Argentina announced investments in the country for some 220 million dollars following a meeting between President Cristina Fernández and local and regional executives from the US corporation.

• Saturday, May 30th 2015 - 08:51 UTC

  US and Germany disagree about a world economy 'possible accident' if Greece collapses

  

  The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default. Germany said there was no sign of a breakthrough. The ongoing debate is taking place in Dresden, Germany in the framework of G7 Finance ministers and central bank chiefs meeting.

• Friday, May 29th 2015 - 09:44 UTC

  Falkland Islands welcomes 'oil discovery' at the Isobel Deep exploration

  

  The Falkland Islands Government welcomed Thursday's announcement by Premier Oil and partners that the 14/20-1 ‘Isobel Deep’ exploration well has been declared an “oil discovery”. Isobel Deep in the North Falkland basin, is the second well of a six-well offshore campaign planned to take place in the Islands waters through 2015.

• Friday, May 29th 2015 - 09:16 UTC

  G7 finance chiefs meet in Dresden to discuss global recovery, but Greece overshadows

  

  Finance chiefs and central bankers from the Group of Seven economic powers discussed ways to revive the faltering global recovery on Thursday as the United States leant on Europe to reach a deal to avert a Greek bankruptcy. The threat of a Greek default, rising oil prices and bond market volatility are fuelling investor nervousness about the world's economy.

• Friday, May 29th 2015 - 09:05 UTC

  Oil crushers strike in Argentina on 25th day; 100 vessels delayed waiting to load

  

  The head of an Argentine soy crushers' union expressed optimism on Thursday that a salary agreement was near and would end the strike, which has affected the key Rosario soy market.

• Wednesday, May 27th 2015 - 04:59 UTC

  Argentine economic activity up 2% in March, but industrial production down

  

  Good and bad news for Argentina's economy: the latest figures from the National Statistics and Census Institute (INDEC) reveal that economic activity increased 2% percent in March, compared to the same month last year, but industrial production recorded its 21st negative consecutive month in April.