Economy

• Thursday, September 26th 2013 - 06:21 UTC

  Argentina expects at least 50 million tons of soy and 30 million of corn in 2013/14

  

  Argentina’s 2013/14 soybean crop will be above 50 million tons while corn can be expected to reach 30 million tons, according to the country’s Agriculture minister Norberto Yauhar, based on preliminary production estimates. The minister also advanced that caps on wheat and corn exports could be lifted in the near future.

• Thursday, September 26th 2013 - 06:01 UTC

  Brazil’s main manufacturing lobby calls for urgent resumption of trade talks with EU

  

  The powerful manufacturers lobby, Sao Paulo’s Industry Federation, Fiesp believes a free trade agreement between Mercosur and the European Union is very much needed so that Latam’s largest economy climbs out from the “commercial isolation” in which it currently stands.

• Thursday, September 26th 2013 - 05:58 UTC

  Brazil’s development bank ‘overbooked’ needs support from the private sector

  

  The Brazilian state development bank BNDES is “overbooked” and needs the private sector to step up funding in investments, according to bank president Luciano Coutinho. Lending by BNDES and other public banks has increased six times faster than credit by non-state bank this year, as the government tries to fuel economic growth.

• Wednesday, September 25th 2013 - 08:05 UTC

  Regulating financial markets is a human rights issue, claimed Cristina Fernandez

  

  In her speech to the 68th United Nations General Assembly on Tuesday Argentine President Cristina Fernandez stressed that regulating the financial markets is a human rights issue and claimed that Argentina has been a repeat victim of shady financial entities such as the 'vulture funds', despite having repeatedly proved it is prepared to honour debt commitments.

• Wednesday, September 25th 2013 - 07:55 UTC

  Struggling Blackberry agrees in principle sale for 4.7bn dollars

  

  Struggling smart-phone maker Blackberry has agreed in principle to be bought by a consortium led by Fairfax Financial for 4.7bn dollars. Blackberry said in a statement that Fairfax, its largest shareholder with about 10% of the stock, had offered 9 dollars a share in cash to buy the company.

• Wednesday, September 25th 2013 - 05:08 UTC

  IATA forecasts a strong 2014 for the industry, but airlines on average only retain 5 dollars per passenger

  

  The International Air Transport Association (IATA) has revised its 2013 global industry outlook downwards to 11.7 billion on revenues of 708 billion dollars, but anticipates that all regions during 2014 will see improved profitability, with divergence in performance and with strong emphasis in North America with 6.3 billion net profits.

• Wednesday, September 25th 2013 - 04:44 UTC

  Falkland Islands next round of oil exploration drilling announced for late 2014

  

  One of the several hydrocarbons companies operating in Falkland Islands waters expects its next drilling phase to begin in the fourth quarter of 2014 with a minimum of two exploration wells following extensive 3D surveying of southern licences in the Diomedea fan complex adjacent to the Darwin discovery.

• Tuesday, September 24th 2013 - 08:07 UTC

  Brazil will continue with the 60bn dollar currency intervention program: ‘it’s working adequately’

  

  Brazil’s central bank chief Alexandre Tombini said on Monday policy makers will continue with their 60 billion dollars currency intervention plan, even after the Real rallied more than any other currency in the world as a consequence of the surprise announcement from the US Fed that for the moment it will not taper the bonds’ buying program to stimulate the US economy

• Tuesday, September 24th 2013 - 08:04 UTC

  Argentine trade balance collapsed 60% in August because of the energy import bill

  

  Argentina’s trade balance collapsed 60% during August compared to a year ago because of stagnant exports and the doubling of energy imports according to the latest release from the government’s stats office, Indec.

• Monday, September 23rd 2013 - 20:56 UTC

  Brazil’ Bovespa implementing changes to update its benchmark Ibovespa

  

  Brazil’s main stock exchange Bovespa is implementing changes to its benchmark Ibovespa stock index, the first since 1968, in an effort to correct recent distortions and better reflect the performance of local shares.