Economy

Economy
Wednesday, December 3rd 2014 - 08:32 UTC

China's factory activity falls faster than expected as the economy keeps cooling

China's house prices fell on a monthly basis for the seventh straight month in November, a survey showed on Sunday.

China's factory activity slowed by more than expected in November, highlighting how a cooling economy is impacting its vast manufacturing sector. The official purchasing managers' index (PMI) dipped to 50.3 in November from October's 50.8, closer to the 50 point mark that separates growth from contraction. It was below the 50.6 level expected by economists.

Wednesday, December 3rd 2014 - 08:06 UTC

Brazil posts in November its worst trade monthly result in 20 years

Brazil fell into recession earlier this year and has suffered relatively low growth for four years.

Brazil posted a 2.35 billion dollars trade deficit in November, the country's worst monthly result in 20 years, and cementing its slide into the red for the year after a decade of surpluses.

Wednesday, December 3rd 2014 - 07:48 UTC

Latam forecasted to grow 2,2% in 2015, but this year will only average 1.1%

Countries leading regional expansion next year will be Panama, 7% of GDP growth; Bolivia 5.5%, and Peru, the Dominican Republic and Nicaragua 5.0% said Barcena<br />

Economic growth in Latin America and the Caribbean will recover in 2015 and reach 2.2% on average, according to new estimates unveiled on Tuesday by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

Tuesday, December 2nd 2014 - 06:38 UTC

WTO celebrates major deal which puts trade negotiations 'back on track'

 WTO Director-General Roberto Azevedo said the deal is now operational but will come into force once two-thirds of the members have officially accepted it.

After many years of talking, the World Trade Organization (WTO) pulled off a major deal last week that the body said could boost global commerce by one trillion dollars annually. The deal is the first multilateral trade agreement in the organization’s 20-year history. Agreement has been difficult to reach because WTO deals require the unanimous backing of its 160 member countries.

Tuesday, December 2nd 2014 - 06:01 UTC

Rousseff names another market-friendly minister to her new cabinet

Monteiro, an industrialist and senator from Pernambuco, led Brazil's most powerful business lobby: National Industry Confederation, from 2002 to 2010.

Brazilian President Dilma Rousseff has named business leader Armando Monteiro to head the industry and trade ministry in a new sign of more market-friendly policies as she tries to restore investor confidence and reignite economic growth.

Monday, December 1st 2014 - 08:19 UTC

Slow planting season cuts soybean production prospects for Brazil

The US Department of Agriculture bureau in Brasilia pegged the Brazilian soybean crop, the world's second biggest after that of the US, at 92.0m tons.

US officials joined market analysts cutting Brazilian soybean production prospects thanks to a slow planting season, but maintained expectations of a, small, rise in exports to a record high.

Saturday, November 29th 2014 - 07:41 UTC

Chile and UK sponsor 'Mining and sustainability' seminar in Antofagasta

Chilean and UK officials during the seminar held in Antofagasta

The British Embassy joined the Chilean British Chamber of Commerce and Plan CREO from the city of Antofagasta to host the Seminar “Antofagasta: City, Mining and Sustainability, Where are we headed?” which took place last week at the National Library of the city.

Saturday, November 29th 2014 - 07:11 UTC

IDB loan for Uruguay to promote quality investments and exports

The program will support Uruguay's efforts to consolidate a series of wide-ranging sector reforms aimed at boosting policies to attract investment.

The Inter-American Development Bank (IDB) has approved a 120 million dollars loan to finance the second phase of Uruguay's Strategic International Positioning Program. Its goal is to consolidate the country's international positioning, contributing to an increase in investments—mainly those aimed at high value-added sectors— and exports.

Friday, November 28th 2014 - 06:46 UTC

New Brazilian minister pledges realistic fiscal targets and balanced economic growth

“We are not in a moment of crisis, so it is important to lay the basis for the next few years,” Levy told reporters in a first attempt to transmit confidence

Brazilian President Dilma Rousseff finally announced on Thursday the appointment of Joaquim Levy, as her next Finance minister who is also known as the 'scissors man', who pledged more realistic fiscal targets and promised more balanced economic growth.

Friday, November 28th 2014 - 06:38 UTC

Mercosur and EU could not establish a date for the exchange of new proposals

EC indicated it has to finalize the internal consultation process regarding its own proposal which it estimates “should take place any time now”.

European Union and Mercosur representatives analyzed the current state of negotiations for an association and free trade agreement but could not establish a date for the exchange of new proposals because “the European Commission has yet not concluded the consultation process with member states to harmonize its proposal”.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement