Another uncertain economic review

The president still keeps confidential the figures adjustment prepared for the “difficult time” There is no crisis, but there´s no money. The government is preparing a series of economic measures by the fall of tax revenues. In its 467 weekly address, President Rafael...
Posted On 20 Mar 2016
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The Schlumberger firm will invest $ 4,900 million in an oil field

Through partnerships to cope with the economic crisis, the private sector becomes an attractive and strategic partner in specific sectors.   In the hydrocarbons sector, for example, the signing of the contract for “specific services with funding for block 61” between...

Trade and travel between the United States and Cuba will be facilitated from today

From today, T¡the  United States and Cuba will make more flexible restrictions on trade and investment in the island, after the government of President Barack Obama significantly relieved the embargo in force for half a century. The announcement of the new standards is the next...
Brazil is facing an economic downturn

Brazil is facing an economic downturn

Brazil faces the distrust of foreign markets after the dissemination of the index of economic activity by the Central Bank (IBC-Br). The fall of 1,35% registered by the indicator in December was slightly above the expectations of local financial institutions. But the quarterly...

Chilean exporters stopped deliveries to Ecuador

The load that regularly exported to Ecuador’s the association of exporters, Asexma Chile, has been slow due to new regulations established by Ecuadorian Standards Institute (INEN). For this, it requested that the Chilean government to convene the Bipartisan Commission...

Ecuador renews preferential tariffs with the EU

Countries such as Bolivia, Costa Rica, Ecuador, Peru, and Paraguay were benefited from the renewal of  the tariff preferences from the European Union. According to reports, the European Union (EU,) published on  January 4 in its official journal the news that Ecuador is one of...

Federal Reserve will be directed by Janet Yellen

Through 56 votes in favour and 26 against, the nomination of Economist Janet Yellen as the new responsible for directing the U.S. Federal Reserve was approved. The Reserve, which has existed for 100 years, will have its first woman in charge. The Economist will replace Ben...

Euros and Latin American bills are produced in Spain

Spain is the basis for the production of paper for euros and bills from various countries of Latin America. In charge of the elaboration is the National Mint and Stamp (FNMT) which produces annually at its facility in Burgos 2,000 tonnes of special paper for printing bills. It is...