Economy

• Tuesday, February 17th 2015 - 05:13 UTC

  Brazil and Argentina agree accords signed with China will not affect Mercosur

  

  Brazilian foreign minister Mauro Vieira discarded that the recent agreements reached by Argentina with China can interfere with Mercosur, while his Argentine counterpart Hector Timerman said that the package of accords with Beijing will “actually benefit Mercosur”.

• Tuesday, February 17th 2015 - 04:16 UTC

  Argentina's January consumer inflation, make your pick: 1%, 2% or 2.08%

  

  Argentina's monthly inflation controversy again erupted with the official Indec figure for January marking 1,1% and 20.9% in the last twelve months, while the private consultants index, channeled through the so called Congressional index reached 2.08% and 35.21%.

• Monday, February 16th 2015 - 21:50 UTC

  Falklands begins consultation on oil impact on society and local culture

  

  Falkland Islands will this month begin to grapple with the big questions about how oil and gas development will impact on their society and culture. The start of a series of focus groups run as part of the Social Effects Monitoring Programme study, led by Regeneris Consulting, and Falkland Island partners Karen Lee and Carolyn Montgomerie, reports the Penguin News in its latest edition.

• Monday, February 16th 2015 - 09:06 UTC

  Researchers propose high seas fishing ban and concentrate on coastal catches

  

  Closing the high seas to commercial fishing could distribute fisheries income more equitably among the world's maritime nations, according to research from the University of British Columbia (UBC).

• Monday, February 16th 2015 - 08:51 UTC

  Germany urges Brazil with an EU/Mercosur trade agreement

  

  Germany wants to speed negotiations for a free trade agreement between the European Union and Mercosur, said Foreign minister Walter Steinmeier in Brasilia. The agreement has been pending since 1999 when discussions started but so far have been unable to reach a deal or commit a date because of internal problems from both sides.

• Saturday, February 14th 2015 - 06:52 UTC

  London court rules English law applies to Euro-denominated Argentine debt

  

  A London court ruled on Friday that English law applies to a disputed case involving interest payments on Euro-denominated Argentine debt, making a payout more likely in spite of conflicting orders from a US court.

• Saturday, February 14th 2015 - 06:23 UTC

  Argentina's tax office demands HSBC Swiss branch repatriate of 3bn dollars in undeclared accounts

  

  HSBC’s Swiss branch must repatriate the 3 billion dollars deposited in the 4,040 undeclared accounts held by Argentine citizens and companies, Argentina's AFIP tax bureau chief Ricardo Echegaray announced.

• Friday, February 13th 2015 - 09:44 UTC

  Argentina reports sharp fall in hake, squid and shrimp landings during January

  

  Argentine fish landings have dropped dramatically during January, totaling 16,464 tons, 31.8% less than a year ago when the volume was 24,121.4 tons. Of this year's volume, 11,803.8 tons were of fish, 4,567.4 tons crustaceans and 92.8 tons shellfish, according to statistics from the Under-secretariat of Fisheries and Aquaculture.

• Friday, February 13th 2015 - 09:13 UTC

  Snail growth in Brazil's 2014 retail sales anticipate a very tough 2015

  

  Retail sales in Brazil increased 2.2% in 2014 over the previous year, the smallest expansion in 11 years, the Brazilian Institute for Geography and Statistics, or IBGE, reported this week. The sector suffered its worst year since 2003 when sales tumbled 3.7%. In 2013, retail sales grew 4.3%.

• Friday, February 13th 2015 - 04:13 UTC

  Brazilian congress ignores Rousseff's call for spending cuts

  

  Brazil's Congress passed legislation on Tuesday that limits the president's ability to reduce pork-barrel spending passed by lawmakers, a setback for President Dilma Rousseff's efforts to fight a fiscal deficit.