Current Edition

Current Edition
Wednesday, April 16th 2014 - 10:01 UTC

Ukraine falling to economic warfare and its own missteps

Putin has called for payment of 38 billion from Ukraine, the result of unpaid gas sales

As protests in Ukraine's eastern region turned violent on Sunday leading to the death of a Ukrainian security officer in a shootout with pro-Russian militia, Kiev threatens military action while Moscow flexes its geo-economic warfare muscles.

Wednesday, April 16th 2014 - 04:54 UTC

Dollar stabilizing in Argentina; central bank purchases 350 million

Export corporations are taking advantage of the high interest rates in Pesos

Argentina's central bank purchased 390 million dollars, one of the largest operations in years, as part of its policy to keep the price of the greenback in the local market stabilized after months of distortions and a run on the bank's international reserves that dropped to a new low in the last twelve months.

Wednesday, April 16th 2014 - 04:49 UTC

Spanish government vessels incursions into Gibraltar waters reach 600

Guardia Civil vessels in Gibraltar territorial waters

Spanish government vessels have unlawfully entered British territorial waters around Gibraltar more than 600 times since the start of 2013, according to official figures. There were 496 incursions in 2013 and 112 in the first three months of 2014, the figures disclosed by Foreign Secretary William Hague revealed.

Wednesday, April 16th 2014 - 04:44 UTC

Mercosur proposal to present the EU expected to be ready by end of April

Capitanich confirmed Mercosur has advanced in agreeing on the proposal

Argentine cabinet chief Jorge Capitanich confirmed on Tuesday 'significant advances' in the elaboration of Mercosur's joint proposal to exchange with the European Union for discussions on a much delayed wide ranging cooperation and trade agreement.

Wednesday, April 16th 2014 - 04:42 UTC

Nissan opens new complex in Brazil to turn out 200.000 cars and engines

“We came to be protagonists in the automobile market,” said Nissan's Brazilian-born global CEO, Carlos Ghosn

Japan Nissan's top executives travelled to Resende, Rio do Janeiro state on Tuesday to inaugurate a complex designed to turn out 200,000 vehicles and engines per year with the goal of capturing 5% of Brazil's new car market by 2016.

Wednesday, April 16th 2014 - 04:39 UTC

Vice-president Biden will visit Brazil and attend a US national team game

The Vice-president with the World Cup at the State Department

United States Vice President Joe Biden is planning to be among the crowds at this summer's World Cup soccer tournament. The White House announced Monday that Biden would travel to Brazil for the event in June. He also plans to attend a U.S. national team game.

Wednesday, April 16th 2014 - 04:36 UTC

Warnings of 'catastrophic' Chikungunya epidemic; fears it could spread during the World Cup

The virus is transmitted by the same dengue Aedes aegypti mosquito

A team of French and Brazilian researchers warn that chikungunya virus is poised to invade, and become epidemic in the Americas according to research published ahead of print in the Journal of Virology.

Wednesday, April 16th 2014 - 04:20 UTC

European central bank considering 'further stimulus' if inflation remains low

Draghi hinted that QE, the large-scale purchase of financial assets, may be needed

European Central Bank (ECB) has said it will provide “further stimulus” to the Euro zone economy if inflation in the bloc continues to remain low. Mario Draghi, said a stronger Euro would act as a trigger to looser monetary policy.

Wednesday, April 16th 2014 - 04:15 UTC

Fiat Argentina CEO calls for one digit inflation to help stabilize production

Rattazzi: together with Venezuela and Sudan, Argentina has two digits inflation

Fiat Argentina's CEO Cristiano Rattazzi compared inflation in Argentina with that of Venezuela and Sudan and called on the government of President Cristina Fernandez to bring it down to one digit and help stabilize production costs and exports.

Wednesday, April 16th 2014 - 04:13 UTC

March inflation in Argentina: official 2.6%; opposition index, 3.3%

Kicillof is confident the slowdown in price increases has spilled over to April

Official inflation in Argentina during March was 2.6%, according to Economy minister Axel Kicillof who underlined that during the month there was “a considerable deceleration in the increase of prices”, in most items with the exception of clothing and private schooling.

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