As the Uruguayan state has vowed to take over the administration of departing Montevideo cooking gas suppliers Montevideo Gas and Conecta and jobs have been secured, the UOEGAS workers' union has agreed to end the strike, starting this Friday.
Although founded in Argentina, textile giant Alpargatas, now owned by Brazilian investors, has announced it will leave its country of origin due to financial difficulties.
Falklands' Sea Lion project boost after Premier announces a very positive half year financial result
Premier Oil on Wednesday reduced its forecast for its 2019 operating costs to US$12 per barrel of oil equivalent (boe) from US$ 13 and expects debt reduction to reach the upper end of its US$ 250-350 million target by year-end.
Several iconic hotels in Montevideo, Uruguay, have closed or will be converted into office buildings according to the Chamber of Tourism sources. The list includes a top-rated boutique hotel, Belmont, which hosted among others members of the British royal family and political figures such as Fidel Castro, and other world leaders.
Argentine Central Bank President Guido Sandleris Tuesday admitted inflation remains "high," but he forecast July's figures will be smaller than those of June in light of the current "clear trend" to the downside.
Alan Turing was preferred over Stephen Hawking and Margaret Thatcher to feature on the highest-denomination bills in the country. The Bank of England has selected the face of the computer science genius whose most famous breakthrough proved decisive in the outcome of World War II against Germany to appear in the new £50 note (around 62 US dollars) due to enter circulation by the end of 2021.
A report issued by the United States Department of State on the investment climate in Uruguay on Monday analyzed the legal, political and economic aspects of the country. On the one hand, it stands the legal security, the free movement of capital, the preferential regimes and the investment grade. On the other, it warns about aspects such as labor relations, the power of unions, the advantage of public companies and the increase of problems in education and security.
Uruguay's President Tabaré Vázquez is ready to hold a first-ever one-on-one meeting with his Brazilian counterpart Jair Bolsonaro to discuss bilateral issues, during this coming Wednesday's Mercosur summit at the newly remodelled west wing of the historic Belgrano Railway Station in the city of Santa Fe, Argentina.
Brazilian exports of coffee to China rose 23.1 annually during the first five months of 2019, according to a Brazilian Council of Coffee Exporters (Cecafé) report.
Poverty in Argentina reached “35 per cent” so far this year, according to Argentine Catholic University (UCA), it was reported last week.
Russia's Federal Veterinary and Phytosanitary Control Service (Rosseljoznadzor) has imposed temporary restrictions from 11 July on the importation of pork products and other animals vulnerable to classical swine fever virus from the State of Piauí, located in the northeast region of Brazil, it was announced.
Last week Penguin News reported on the uncertainty surrounding Brexit causing a slump in meat sales from the Falkland Islands Meat Company and lower prices.
Argentina's National Civil Aviation Administration (ANAC) Thursday agreed with its Chilean counterpart (DGAC) to allow LATAM aircraft under Chilean registration to fly the Ezeiza-Miami route with an Argentine crew on behalf of LATAM Argentina. The lease is yet to be authorised at higher levels.
Bolivia is making final preparations as it steps up to host the World Travel Awards (WTA) Latin America
The leading travel industry figureheads from across South and Central America are attending what will mark WTA’s inaugural ceremony on 13 July in this fascinating country.
Brazil's President Jair Bolsonaro scored a partial parliamentary victory this week folllowing the first round approval by the Lower House of the pension reform bill, which also meant a severe blow to the country's waning left.
Mauricio Macri’s Government must guarantee that with the new disbursement in favor of Argentina for USD 5.4 billion that the International Monetary Fund (IMF) will sign this Friday will comply with all the deadlines agreed for this year. This new disbursement is given after the approval of the quarterly goals to March by the technical staff of the fund.
“Extremely competitive” is how MLA Barry Elsby, speaking to Penguin News this week, described indicative fares for the new flight to Sao Paulo from the Falklands, beginning November 6.
Japan's International Cooperation Agency (JICA) Wednesday launched its "One Village, One Product" (OVOP) project in Argentina, which is designed to encourage social development in the provinces of Catamarca, Misiones, Chaco, Salta and Buenos Aires, it was announced.
Brazilian House speaker Rodrigo Maia said over the weekend he expects the lower Congressional House to begin voting on the pension reform bill this Tuesday. After a meeting with Congressional leaders on Saturday in Brasilia, Maia said he will begin discussing the bill with party leaders on Monday and expects voting to begin late on Tuesday.
A trade deal between the European Union and South America’s Mercosur bloc of countries could facilitate other agreements and open up new markets for Brazil’s massive beef-packing industry, a trade group said.