Economy

• Tuesday, September 23rd 2014 - 06:23 UTC

  British Airways cuts weekly London/Buenos Aires direct flights to five a week

  

  British Airways will be eliminating two direct flights between Buenos Aires and London beginning 31 March 2015, meaning the weekly schedule will be cut from seven to five flights, mainly because of a drop in the number of passengers.

• Tuesday, September 23rd 2014 - 06:14 UTC

  “Citibank has no gun to its head, but the Argentine law”, said Kicillof

  

  Argentina's Economy Minister Axel Kicillof responded to Citibank’s lawyer Karen Wagner remarks that the bank had “a gun pointed to its head” which would “probably go off” if the US Judiciary did not allow payment of funds blocked by US Judge Thomas Griesa’s ruling.

• Tuesday, September 23rd 2014 - 05:54 UTC

  Griesa calls for new hearing on Citibank injunction request to pay Argentine bonds

  

  New York district judge Thomas Griesa has called a new hearing this Friday, after Citibank requested an injunction in order to honor a payment on Argentine bonds held under local legislation and in foreign currency.

• Tuesday, September 23rd 2014 - 05:43 UTC

  Merkel praises France on reforms, but deferred to Brussels the controversial budget deficit issue

  

  Germany's Angela Merkel said on Monday after meeting French premier Manuel Valls that she was impressed by the number of reforms Paris had launched, but deferred to Brussels on the halting French efforts to reduce its public deficit.

• Monday, September 22nd 2014 - 05:01 UTC

  A third of Argentina's population 'vulnerable' to falling back into poverty, says World Bank

  

  Approximately 33% of Argentina's population (or those living with between 4 and 10 dollars per day) are vulnerable to falling into poverty if faced with adverse economic conditions, the World Bank said in its 2015-2018 Country Partnership Strategy (CPS) report for Argentina.

• Saturday, September 20th 2014 - 08:33 UTC

  World bank describes global growth this year as 'disappointing'

  

  Global growth had been “disappointing” this year, according to World Bank president Dr Jim Yong Kim, who counted Europe's woes, reforms in Japan, and the impact of US monetary policy on emerging markets, among the world's greatest economic challenges.

• Saturday, September 20th 2014 - 08:11 UTC

  US court dismisses Citibank and Argentina appeal: back to Judge Griesa

  

  A US court on Friday dismissed an appeal by Citibank and Argentina to let the country make payments on debt tied up in a bitter legal battle with hedge funds.

• Friday, September 19th 2014 - 07:19 UTC

  Brazilian 2013/14 grains and oilseeds crop reached a record 195.46 million tons

  

  The Brazilian production of grains in 2013/2014 has reached 195.46 million tons, according to the country’s National Supply Company, Conab. The number is a 3.6% (6.8 million tons) increase compared to the previous season.

• Friday, September 19th 2014 - 06:53 UTC

  Top marks for South Georgia Patagonian toothfish fishery

  

  The South Georgia Patagonian toothfish fishery renewed its five-yearly Marine Stewardship Council (MSC) certification for the third consecutive time. The fishery, which was first MSC certified in 2004, received an average score of 96 out of 100 in the latest assessment, said the government of South Georgia & South Sandwich Islands (GSGSSI).

• Friday, September 19th 2014 - 06:31 UTC

  Argentine participation in London’s prestigious “100%design” fair

  

  The creativity and uniqueness of Argentine design are on show at the 100%design fair thanks to the support of the Argentine Embassy, which has its own stand at what is considered one of the most prestigious contemporary design events worldwide.