Economy

Economy
Saturday, July 19th 2014 - 07:11 UTC

Embraer's 20-year market outlook: 6,250 new jets in 70 to 130-seat segment

The C-190, one of Embraer's most successful 70 to 130-seat jet aircraft

Brazil leading aircraft manufacturer and space research company, Embraer has released its Market Outlook 2014-2033 which details the company's forecast for deliveries of new 70 to 130-seat jet aircraft over the next twenty years. The report examines the main drivers contributing to air transport growth and reviews projected deliveries by world region.

Saturday, July 19th 2014 - 06:50 UTC

Italian chapter of holdouts tells Argentina it will continue to the last consequences

“Argentina must face it: the time has come for them at last to make whole the retail bondholders who it once targeted,” said Nicola Stock in the FT.

The Italian chapter of Task Force Argentina (TFA), an organization which represents bondholders that did not accept the 2005 and 2010 debt swaps, urged the government of President Cristina Fernandez to negotiate and warned it will keep on pursuing its interests until the last consequences.

Saturday, July 19th 2014 - 06:41 UTC

China confirms its interest in Brazil with credit and infrastructure projects

Presidents Xi and Rousseff seal the close relationship

China expanded its trade partnership with Brazil with 7.5 billion dollars in financing for Brazilian miner Vale, the purchase of 60 passenger jets from plane-maker Embraer and renewed commitment to invest in infrastructure.

Friday, July 18th 2014 - 13:28 UTC

Over 30% of Argentine children live in households below the poverty line

According to the UCA report on Social Debt, 32% of households don't have access to the sewage system and 11% to drinking water

Four out of ten people in Argentina live in households where children suffer poverty conditions, according to the latest release from the Argentine Catholic University (UCA) Social Debt Barometer.

Friday, July 18th 2014 - 08:53 UTC

Falklands enters oil production stage: contract awarded for designing tension leg platform

Prototype of TLP with over 30,000 tons of topsides for the 450-metres Sea Lion deep offshore location

International engineering and project management company, AMEC, will be the company responsible for designing Premier Oil’s tension leg platform (TLP) for the Sea Lion Development in the North Falklands Basin, 200 kilometers to the north of the Falkland Islands.

Friday, July 18th 2014 - 07:45 UTC

Brazil leaves basic interest rate unchanged at 11%; no surprises expected ahead of October election

Disappointing growth data is expected to keep the central bank, led by Alexandre Tombini, from raising interest rates for the rest of 2014

Brazil held interest rates unchanged for a second straight time this week but did not commit to keeping them stable for long as inflation remains high in Latin America's top economy. The Brazilian economy performance is anemic and next October president Dilma Rousseff is bidding for re-election.

Thursday, July 17th 2014 - 07:27 UTC

BRICS development bank HQ in Shanghai and India will hold the presidency

“It is a sign of the times, which demand reform of the IMF” Rousseff told reporters at the close of the summit

The first president of the BRICS group New Development Bank will be from India and the position will rotate every five years among Brazil, Russia, India, China and South Africa, said a joint statement from the leaders said.

Thursday, July 17th 2014 - 07:20 UTC

CFK says BRICS support Argentina in the holdouts dispute, but where’s the document?

Dilma Rousseff will be taking a proposal on sovereign debt restructuring to the G20 summit in Australia, according to the Argentine president

President Cristina Fernandez assured that Argentina received the support from the group of BRICS countries (Brazil, Russia, India, China and South Africa) in its struggle against the holdout speculative funds, during the two summits held in Brazil, in Fortaleza and Brasilia.

Thursday, July 17th 2014 - 07:14 UTC

CFK admits having to pay 300% profit on holdouts’ dollars, but never 1.680% as pretended

In an impassionate 26 minute speech the Argentine leader called for support in the battle with holdouts

Argentine President Cristina Fernández rejected on Wednesday the possibility of a new default during the UNASUR-BRICS meeting in Brasilia, highlighting Argentina is going to “keep on paying and honoring its debt,” while asking for support against the “so called vulture funds,” who are “pretending to collapse the Argentine debt restructuring.”

Thursday, July 17th 2014 - 06:36 UTC

Argentine Congressional index inflation: 2.2% in June and 39.9% in six months

Housing and public utilities were the items with the largest increases in June

Inflation in Argentina during the month of June reached 2.2% accumulating 39.9% in the first half of the year, according to the average of private consultants, which is also identified as the Congressional index. The announcement comes a few hours after the official rate from the Indec stats office was released, 1.3% and 15%.

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