Tuesday, September 15th 2015 - 10:13 UTC

Brazil announces measures to balance budget; it includes controversial tax on financial transactions

Less subsidies for the chemical industry, cuts refunds to manufactured goods exporters by 2 billion Reais and raised the capital gains tax to up to 30%

Brazil's government announced on Monday spending cuts and tax increases totaling 65 billion Reais ($16.9 billion) as it races to close a budget deficit that led to a downgrade of the country's credit rating last week.

Tuesday, September 15th 2015 - 10:06 UTC

Tierra del Fuego August inflation, 2.3% and 28.4% in the last twelve months

The official CPI in Argentina for August was established at 1.2%, and at 9.4% and 14.7% for the last eight and twelve months.

The consumer price index in Tierra del Fuego, extreme south of Argentina climbed 2.3% in August, totaling 17.4% in the first eight months and 28.4% in the last twelve months, according to the province's stats and census office.

Saturday, September 12th 2015 - 11:27 UTC

First landing ever in St Helena airport scheduled for next week as part of calibration flights

The aircraft is due to arrive between Sunday 13 and Thursday 17 September 2015, dependent upon suitable weather and other factors.

A historic milestone is set to be reached next week when a Beechcraft King Air 200 aircraft is due to land at the new St Helena Airport to carry out a series of calibration flights. This will be the first aircraft to land on St Helena, the island in the middle of the Atlantic Ocean.

Saturday, September 12th 2015 - 11:23 UTC

Falklands' oil company unaware of reasons for share prices increase

Drilling continues on the Humpback exploration well to the south of the Falklands and none of the reservoir objectives have been penetrated yet.

Falkland Oil and Gas Limited, the oil and gas exploration company focused on its extensive licence areas to the North, South and East of the Falklands islands, notes Friday's increase in the Company's share price and confirms that it is not aware of any reason that would lead to such a movement.

Saturday, September 12th 2015 - 11:00 UTC

Argentina's inflation slowing but still comfortably on the two digits

City of Buenos Aires stats office admits prices are on a down-slide tendency, with eight months inflation at 15.95%, and 28.2% in the last twelve months.

According to Argentina's stats office Indec, consumer prices during the month of August climbed 1.2% over July, 9.4% in the eight months and 14.7% in the last twelve months. These numbers however are quite different from private consultants' estimates and the City of Buenos Aires stats office: 2.17% and 1.8% inflation for August, respectively.

Saturday, September 12th 2015 - 09:51 UTC

Germany warns global economy faces financial bubble: too much central banks stimuli

“We should take on board the lessons of the last crisis,” said finance minister Wolfgang Schaeuble in his Budget speech

The global economy faces a financial bubble from central banks pumping cash into economies, Germany's finance minister has warned. The comments come after the European Central Bank (ECB) said it would extend its stimulus program if needed.

Friday, September 11th 2015 - 10:34 UTC

Fed's rate decision next week: conflicting positions between US voters and EM central bankers

The poll found respondents want the Fed to do what it can to create more jobs and spur the sort of wage gains that have eluded much of the US

As the Federal Reserve gets ready to debate its interest rate policy stance next week, a poll released Thursday finds a strong majority of US voters surveyed want central bankers to refrain from boosting short-term interest rates, and to instead concentrate on using monetary policy to further boost the job market.

Friday, September 11th 2015 - 09:58 UTC

FAO's August Food Price Index at its lowest in almost seven years

In August, the cereal price index averaged 154.9 points, down 7.0% from July and 15.1% from last year - a decline driven by falling wheat and maize prices

International food commodity prices continued to decline in August as ample supplies, a slump in energy prices and concerns over China's economic slowdown all contributed to the sharpest fall of the FAO Food Price Index in almost seven years.

Friday, September 11th 2015 - 09:41 UTC

Brazilian Real falls to its lowest against the dollar since 2002; central bank injected funds

Brazil’s benchmark stock index is down 20% over the past year and has dropped nearly twice that much since reaching a high in 2008.

A day after Standard & Poor’s slashed Brazil’s credit rating to junk, the Brazilian Real lost close to 2% by the end of the day to 3.865 per dollar—its weakest level since 2002. In an effort to stem the decline, Brazil’s central bank injected $1.5 billion into the financial system Thursday.

Friday, September 11th 2015 - 06:45 UTC

UN Assembly overwhelmingly supports Argentina in the sovereign debt debate

“It is a fundamental step against attacks of the vulture funds, which Argentina is suffering right now and which other countries could suffer” said Kicillof

The United Nations General Assembly has approved a resolution put forward by Argentina regarding sovereign debt restructuring, which seeks to limit the movement of speculative funds in influencing such actions.


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