Current Edition

Current Edition
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.

Wednesday, April 16th 2014 - 04:11 UTC

Lower budget deficits over the next decade forecasted in the US

However as the baby-boom generation retires deficits will begin to rise says the Congressional Budget Office

US budget deficits over the next decade will be 286 billion less than previously estimated, the Congressional Budget Office said on Tuesday, attributing much of the decline to lower estimates of subsidy costs under President Barack Obama's health insurance reform law.

Tuesday, April 15th 2014 - 23:18 UTC

Manchester University alumni society in Chile; UK number one destination of “Becas Chile”

Manchester among the top leading universities of the world

British Ambassador to Chile, Mrs. Fiona Clouder, held a reception to mark the official launch of the Manchester University alumni society in Chile. Fifty Manchester graduates joined the event in the Ambassador’s residence from many different academic and professional disciplines.

Tuesday, April 15th 2014 - 23:11 UTC

Argentina prepares to celebrate worldwide Malbec Day on 17 April

Malbec Day will be celebrated in New York and London with the Cambalache show

Next 17 April is “World Malbec Day” and for the fourth running year Argentina Wines will be promoting the image of the varietal in over sixty events in 55 different cities in 44 countries. This year the event will be supported by the pleasure of good music with the purpose of attracting young consumers, 25 to 35 year old.

Tuesday, April 15th 2014 - 06:59 UTC

Latin American leaders concerned and uneasy with the Venezuelan situation

Mercosur partners of Venezuela feel that the ongoing protests and demonstrations create economic and investment uncertainty

Most presidents of Latin America and particularly those from Mercosur are concerned with the Venezuelan situation, which generates uneasiness among opposition parties, mass media, corporations and citizens, the International Prospective Institute (IPI) states in a report.

Tuesday, April 15th 2014 - 06:56 UTC

Pulitzers for The Guardian and Washington Post coverage of the NSA documents

Former NSA contractor Edward Snowden exposed the global electronic surveillance

Britain's The Guardian and The Washington Post have been awarded the most prestigious Pulitzer prize for coverage of secret surveillance by the US National Security Agency that sparked wide debate over government spying.

Tuesday, April 15th 2014 - 06:51 UTC

Kicillof downplays Argentina's relation with IMF; Capitanich describes it as 'normal'

“The IMF is not a creditor of Argentina” pointed out the Economy minister

Argentina's Economy minister Axel Kicillof tried to downplay his recent to the G20/ IMF annual meetings held in Washington, saying the country is a regular attendant, and insisting that the country has no agreements with the IMF ”because it’s not an Argentine creditor”. Cabinet chief on the other hand described Argentina's relation with the IMF as 'normal'.

Tuesday, April 15th 2014 - 06:46 UTC

Colombia applying to join OECD but must overcome the environmental performance test

OECD’s Environment Director Simon Upton says Colombia’s strong growth has been driven in part by extraction of oil, metals, minerals and coal for export

Colombia’s rich natural heritage as one of the world’s most bio-diverse countries is coming under increasing pressure from extractive industries, livestock grazing, urbanization and car use, according to the latest OECD report on Environmental Performance Review, which will addressed when talks on Colombia’s accession to the Organization for Economic Cooperation and Development.

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