Economy

Friday, August 24th 2012 - 00:58 UTC
US jobs market remains bearish; Fed says recent economic data stronger

The number of US citizens filing new claims for jobless benefits unexpectedly rose last week, suggesting the labour market is healing too slowly to make much of a dent in the unemployment rate. However an official from the Federal Reserve said US economic data in recent weeks had improved.
Friday, August 24th 2012 - 00:48 UTC
Argentina challenges the US in trade and reaffirms current economic policies

The administration of President Cristina Fernandez again challenged the United States on the “trade restrictions in place against Argentine products” which it claims are part of “a protectionist policy inconsistent with from the World Trade Organization”.
Thursday, August 23rd 2012 - 20:39 UTC
Company confirms abundant gas condensate in south Falklands and prepares new drilling program

Shares in Borders and Southern soared almost 20% on Thursday as the company revealed positive findings from the analysis of condensate fluids from its Darwin discovery well in the south of the Falkland Islands where it plans to continue appraisal drilling in 2014.
Thursday, August 23rd 2012 - 06:38 UTC
Argentina promulgates tax data exchange bill, but Uruguay still has to vote it

The Argentine government on Wednesday promulgated the tax agreement reached with Uruguay geared to lower fiscal evasion and elusion plus avoiding double taxing for residents from the neighbouring countries.
Thursday, August 23rd 2012 - 06:31 UTC
Argentina/US trade conflict escalates following Argüello claims and strong reply from Washington

The current war of words over trade barriers going on between the US and Argentina further escalated tensions on Wednesday as Argentine Ambassador to the US Jorge Argüello highlighted: “the United States has been reported for a number of trade law violations.”
Thursday, August 23rd 2012 - 06:24 UTC
Animal welfare demand inquiry into death of 400 pregnant heifers en route to Russia

The Animal Welfare Institute (AWI) and Compassion in World Farming are calling on the US Department of Agriculture (USDA) to take immediate action following reports that 400 pregnant cattle among a total of 3,900 cattle being transported by ship from the United States to Russia have died en route.
Thursday, August 23rd 2012 - 06:14 UTC
Chile’s 2013 budget based on 5% growth and copper at 3.06 dollars the pound

Chile is planning a 2013 budget with a tendency growth of 5% and an average long term basic copper price of 3.06 dollars the pound revealed finance minister Felipe Larraín together with Rosanna Costa, head of the Budget Office during a presentation before Congress.
Thursday, August 23rd 2012 - 05:59 UTC
Investors wanting safe parking for their money buy 0% German bonds

Germany got bids for 6.24 billion Euros of two-year notes at an auction Wednesday exceeding its 5 billion-Euro maximum sales target, according to a statement from the Bundesbank.
Thursday, August 23rd 2012 - 05:52 UTC
Global confidence index for next twelve months at its gloomiest in five quarters

Confidence in the state of the world economy over the next 12 months fell to the lowest level in five quarters, according to the Global Confidence Index prepared by the World Economic Forum.
Thursday, August 23rd 2012 - 05:33 UTC
A billion dollars trade surplus for Argentina in July; Mercosur main partner

Argentina’s trade surplus reached 1.014 billion dollars in July, which is 54% higher than the same month a year ago. Exports totalled 7.4 billion and imports 6.37bn according to the latest release from the official stats office, Indec.