Economy

Economy
Monday, April 7th 2014 - 21:24 UTC

Latam and Caribbean migrants remittances total over 60bn dollars annually

But channeling remittances into the formal financial system remains a challenge

A new study by the Inter-American Development Bank’s (IDB) Multilateral Investment Fund (MIF) and the Inter-American Dialogue has shed light on the financial behavior of Latin American and Caribbean migrants, finding that there is need for formal savings products for remittance clients.

Monday, April 7th 2014 - 06:36 UTC

Brazil's high yield bonds again attract foreign investors

The central bank raised last week the Selic rate to 11%

Brazil’s decision to hike its key interest rate to 11%, its highest level in two years, has again started to attract investors since there are also strong hopes that Brazil’s next president to be elected in October will rein in spending and adjust macroeconomic policies.

Monday, April 7th 2014 - 05:34 UTC

China's COFCO joins world's top grain-traders select club

China is seeing massive expansion in demand for grains such as soybeans and corn

COFCO Corp has agreed to pay 1.5 billion dollars for a majority stake in Noble Group Ltd's agribusiness, its second acquisition in less than two months, as China's largest grain trader seeks to strengthen its market position worldwide.

Saturday, April 5th 2014 - 03:34 UTC

US economy adds 192.000 new jobs in March; unemployment steady at 6.7%

Healthcare gained 19,000 new jobs, and ambulatory healthcare, including outpatient care, rose by 20,000

The US added 192,000 new jobs in March, in line with expectations, as the unemployment rate held steady at 6.7%. Severe weather over the winter did not prevent the monthly average for new jobs from continuing a climb towards pre-economic crisis levels.

Saturday, April 5th 2014 - 03:05 UTC

The most profitable gas in the world

Privatizing the pipelines system could raise 50 billion dollars.

By Robert Bensh of Oilprice.com - There is only one certainty in Ukraine: The energy sector must and will be transformed, and how long this takes will depend on who ends up in the driver's seat and how serious they are about becoming a part of Europe and reducing dependence on Russia. But by then, investors will have missed the boat.

Friday, April 4th 2014 - 07:53 UTC

Latam leaders discuss improving education and skills to help diversity economy

“It is just not a question of schooling, it is a question of skills” said Ricardo Hausmann

Political, business and academic leaders gathered for the ninth annual World Economic Forum in Latin America in Panama set out strategies for the region to move beyond dependence on commodity exports and face the challenges of a rapidly changing global economy.

Friday, April 4th 2014 - 07:48 UTC

FAO food price index in March climbs to its highest since May 2013

Sugar and cereals prices experienced the most increase while dairy produce was down

The FAO Food Price Index rose sharply in March, up 4.8 points, or 2.3%, to an average of 212.8, the highest level since May 2013. The Index, based on the prices of a basket of internationally-traded food commodities, saw prices increase in all groups except dairy, which fell for the first time in four months (-2.5%). Sugar, 7.9% and Cereals, 5.2% climbed the most.

Friday, April 4th 2014 - 07:41 UTC

White House targets methane emissions

According to the White House, 36% of methane emissions come from agriculture.

By Nicholas Cunningham of Oilprice.com - On March 28, the White House released a multi-pronged strategy to reduce methane emissions from a variety of sources, a step the administration says is an outgrowth of the President's Climate Action Plan announced last year. Methane is a powerful greenhouse gas, about 20 times more potent than carbon dioxide.

Friday, April 4th 2014 - 07:35 UTC

Brazilian congress strikes down new taxes on the domestic soy market

The country is the world's leading exporter of soybeans

Brazil's Congress struck down this week a proposal to impose new taxes on the internal soy market after fierce opposition from the country's agricultural sector. An amendment to apply a tax known as PIS/Cofins on soybean sales to some domestic buyers had been removed from a bill to simplify taxation of Brazilian companies abroad that was passed by the lower chamber late on Tuesday.

Friday, April 4th 2014 - 04:35 UTC

Uruguayan government feels it can tame inflation based on March's index

Minister Bergara, the outlook is positive for the coming months

Inflation in Uruguay during March reached 0.58% accumulating 4.74% in the first quarter and 9.73% in the last twelve months, which is seen as 'positive' and an indication that recent measures to contain prices are 'being successful', according to Economy minister Mario Bergara.

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