Economy

• Wednesday, May 20th 2015 - 03:52 UTC

  Unemployment in Argentina stable at 7.1%, but jobless have stopped looking for work, said Indec

  

  Argentina's Indec stats office latest release shows that unemployment was stable in the first quarter, at 7.1% in the yearly comparison, but that is only because some of the jobless have stopped looking for work, as employment rates continued a declining trend which started in 2011.

• Tuesday, May 19th 2015 - 07:33 UTC

  Chinese PM in Brasilia; Beijing prepared to invest 100bn in transport and energy

  

  China's Premier Li Keqiang arrived in Brasilia on Monday to sign agreements on infrastructure, energy and aviation that experts say could reach 100 billion dollars. The South American tour also includes Colombia, Peru and Chile and aims to restructure China's resource-driven trade with Latin American countries by including more value-added products.

• Tuesday, May 19th 2015 - 07:05 UTC

  Falklands celebrates 30th Anniversary of Mount Pleasant Airport opening

  

  ”The Falkland Islands airport emerges from rock and peat-bog” said The Times in its 11 May edition, the day before the official opening of Mount Pleasant Airport in 1985, thirty years ago last week.

• Tuesday, May 19th 2015 - 02:05 UTC

  Latam unemployment expected to increase as economic activity weakens

  

  The non encouraging economic outlook for the current year will likely prompt a mild increase in the regional unemployment rate to 6.2% from the 6.0% registered in 2014, according to estimates released by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO).

• Saturday, May 16th 2015 - 07:58 UTC

  Congress upsets Rousseff: votes to boost pension benefits

  

  Brazilian President Dilma Rousseff saw allies and members of her own Workers’ Party challenge her in Congress by voting in favor of boosting pension benefits.

• Saturday, May 16th 2015 - 07:46 UTC

  Levy tries to convince investors in London that Brazil slowdown is temporary

  

  Brazilian Finance Minister Joaquim Levy said he expected the country’s economic slowdown to be temporary and that fiscal discipline remained central to ensuring the recovery as a commodity price boom waned. Addressing investors in London, Levy said fiscal discipline was needed to cushion the economy against the inflationary effects of the falling Real currency.

• Friday, May 15th 2015 - 07:53 UTC

  Uruguay convinced Mercosur will be more flexible regarding trade accords with third parties

  

  Mercosur countries have reached a basic consensus to look for mechanisms that will allow individual members to negotiate trade agreements outside the block, announced Uruguay's foreign minister Rodolfo Nin Novoa, who has been leading a strong campaign (with Brazilian support) on the issue.

• Friday, May 15th 2015 - 07:32 UTC

  Petrobras production from pre-salt fields reaches milestone 800.000 bpd

  

  Brazil’s Petrobras said that oil production in Santos and Campos basin pre-salt fields reached a milestone production volume of 800Mbbl/d. The volume was recorded on April 11, with 74% (590Mbbl/d) Petrobras’ share with the remainder belonging to partner companies working in different pre-salt areas.

• Friday, May 15th 2015 - 07:23 UTC

  Brazil waiting for 50bn dollars of Chinese support to overhaul infrastructure

  

  China will invest 50 billion dollars to help overhaul Brazil's aging infrastructure, the government announced on Thursday, ahead of an official visit by Chinese Prime Minister Li Keqiang next week. Brazil has repeated that it was determined to overhaul its dilapidated roads, railways, airports and ports.

• Friday, May 15th 2015 - 04:41 UTC

  Exxon discovers oil off Guyana coast, in territory claimed by Venezuela

  

  Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela.