Thursday, July 16th 2015 - 08:05 UTC

Argentina's June official Indec inflation, 1% and 15% in twelve months

The Congress index released on Tuesday showed the CPI was up 1.53% and 27.9% in the last twelve months.

Argentina's 'official' inflation during June was 1% over the previous month according to the National Statistics and Census Institute, Indec, while prices during the current calendar year prices have reached 6.7% and 15% over the last twelve months.

Wednesday, July 15th 2015 - 08:10 UTC

Mercosur summit in Brasilia with a conflicting agenda; Paraguay takes chair

President Dilma Rousseff faced with a serious recession is trying to increase the scope of markets for Brazilian exports

Mercosur will be holding its half year presidential summit in Brasilia next Thursday and Friday, an event which will expose an abundance of trade and political conflicts, discrepancies and recurrent challenges despite all its members commitment to integration. Besides full members, Argentina, Uruguay, Paraguay, Venezuela and Brazil, leaders from Chile, Peru, Ecuador, Bolivia, Colombia, Guyana and Surinam have also been announced.

Wednesday, July 15th 2015 - 07:59 UTC

Catholic Church confirms 28.7% of Argentines live in poverty: 11.1 million

Cristina Fernandez graciously told the world at last month's FAO assembly in Rome: “poverty in Argentina is below 5%”.

The Social Observatory from the Argentine Catholic University, UCA, has reported that poverty in Argentina during 2014, included 28,7% of the population, which is equivalent to 11.5 million people, and higher than in the previous report.

Wednesday, July 15th 2015 - 07:25 UTC

Argentina's congressional index reports 1.52% inflation in June, and 27.9% in twelve months

“The Indec rates are so distorted that even the IMF decided not to review them because they were certain they would find false numbers”, underlined Bullrich.

Inflation in Argentina clocked 1.53% in June accumulating 27.9% in the last twelve months according to the report released on Tuesday by members of the Congressional opposition based on an average from private consultants. This week Argentina's government stats office, Indec in scheduled to announce the official rate.

Wednesday, July 15th 2015 - 06:40 UTC

Greek parliament must vote on Wednesday Euro zone bailout conditions

Tsipras: “I assume responsibility for a text I do not believe in, but which I signed to avoid disaster for the country, the collapse of the banks.”

Greek Prime Minister Alexis Tsipras says he does not believe in a bailout offered by Euro zone leaders, but is willing to implement it. Tsipras described the deal as “harsh”, but said it was the only way for Greece to remain in the Euro.

Wednesday, July 15th 2015 - 06:33 UTC

Relief from China as economy expands 7% in second quarter from a year ago

The central bank cut interest rates for the fourth time since November last month to boost economic activity.

Growth in the world's second largest economy, China, beat expectations in the second quarter, but it was still the weakest showing since the global financial crisis. The economy grew 7% from a year ago - matching growth in the first three months of the year, which was the lowest since 2009 when it fell to 6.6%.

Tuesday, July 14th 2015 - 06:52 UTC

China's exports in June rise, but imports fall for the eighth month running

Imports were down 6.7%, taking the trade surplus 45% higher to 284.2bn Yuan.

Exports in the world's second largest economy, China, have risen, ending three months of decline in June. Exports rose 2.1% in Yuan-denominated terms compared with a year ago, up to 1.17tn Yuan ($187bn).

Tuesday, July 14th 2015 - 06:28 UTC

Hillary Clinton vows banks cannot be “too big to fail” since it's still “too big a problem”

A former first lady and US senator, Clinton is the clear favorite to win the Democratic nomination for the November 2016 US presidential election

US presidential candidate Hillary Clinton criticized Wall Street and her Republican rivals, promising to impose tougher regulations on banks and raise the wages of ordinary Americans if she wins the 2016 White House race. Under pressure from a campaign rival on the left, Clinton said she would appoint strict overseers to ensure that financial institutions never again indulge in the risky behavior that helped cause the 2008 banking crash.

Tuesday, July 14th 2015 - 06:07 UTC

Caricom considering ECLAC proposal to write-off its multilateral debt

The debt relief strategy was put forward by Alicia Barcena from the Economic Commission of Latin America and the Caribbean (ECLAC)

The Caribbean Community, Caricom is considering a proposal for the region to pursue gradual write-off of its multilateral debt as a means of economic prosperity. The debt relief strategy was put forward by Alicia Barcena from the Economic Commission of Latin America and the Caribbean (ECLAC), at the 36th Regular Meeting of the Heads of Government of the Caribbean Community, held in Barbados.

Tuesday, July 14th 2015 - 06:00 UTC

Brazil's economic team reaching out to credit rating agencies for a vote of confidence

A downgrade from investment to speculative “junk” status would be a significant blow to Rousseff’s plan to revive investment and growth in Brazil

Concerns that Brazil may lose its coveted investment grade credit rating are again on the rise among government officials and investors who worry that President Dilma Rousseff’s austerity push won’t fully offset plunging government revenues.


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