Economy

• Friday, March 6th 2015 - 08:48 UTC

  Argentine farmers and government clash over next week's three day walkout

  

  Argentine farmer organizations lashed back at Agriculture minister Carlos Casaquimela who questioned a three-day strike announced for next week to protest government policies, and which he described as 'unjustifiable'.

• Friday, March 6th 2015 - 08:44 UTC

  The Brazilian currency slides past three to the dollar, fist time since 2004

  

  Brazil's currency, the Real slid past three to the dollar (3.01) for the first time in 10 years on Thursday, in the latest sign of weakness of Latin America's largest economy.

• Friday, March 6th 2015 - 07:42 UTC

  UK and Mexico sign memorandum to further expand and finance trade

  

  The UK and Mexico signed in London a memorandum to further support trade and markets, and advance cooperation between the two countries export promotion organizations, UK Export Finance and Bancomext, Mexican Trade Development Bank.

• Friday, March 6th 2015 - 07:32 UTC

  PM Cameron and Peña Nieto discuss agenda of bilateral and global issues

  

  British Prime Minister David Cameron welcomed President Peña Nieto of Mexico to Downing Street on Thursday afternoon as part of his State Visit to the UK.

• Friday, March 6th 2015 - 07:22 UTC

  Argentina denies any devaluation to compensate for the plunge of Brazil's Real

  

  Despite Brazil's 'violent devaluation' of its currency, Argentina will not pursue the same path because the country needs “to give certainty” and “avoid instability” said Economy minister Axel Kicillof. This week the Real plunged to its lowest level in over a decade burdened by economic and political uncertainty

• Friday, March 6th 2015 - 07:06 UTC

  UK leaves interest rates unchanged at record low 0.5% for six years

  

  UK interest rates have been kept unchanged again by the Bank of England, meaning they have now been at their record low of 0.5% for six years. Rates were first cut to 0.5% in March 2009 as the Bank sought to lift economic growth amid the credit crunch.

• Friday, March 6th 2015 - 06:56 UTC

  Argentine central bank chairman defends the 50-peso Malvinas bill

  

  Argentina's Central Bank Governor Alejandro Vanoli defended the new 50-peso banknote which features the Falklands/Malvinas Islands, after it was belittled by the a minister of state at the British Foreign Office.

• Thursday, March 5th 2015 - 08:23 UTC

  US Judge names lead plaintiff in class-action lawsuit against Petrobras

  

  A U.S. federal judge on Wednesday named a trustee of a British pension fund as the lead plaintiff in a class-action lawsuit against Brazil's state-run oil company Petrobras and its top executives.

• Thursday, March 5th 2015 - 08:17 UTC

  Brazil raises benchmark interest to 12.75%, highest level since 2009

  

  Brazil’s central bank raised its benchmark interest rate to 12.75% Wednesday, the highest level since 2009, as it struggles to get price increases under control amid sluggish economic growth and deepening political turmoil.

• Thursday, March 5th 2015 - 07:25 UTC

  Car sales in Argentina plunge; worst February since 2009

  

  The second month of the year marked another negative result for auto sales in Argentina, which dropped 28% compared to February last year, showing how the sector’s downward trend appears to have no end in sight. Only 41,998 vehicles were sold last month, according to the ACARA Argentine car dealership association, the lowest figure for the month since 2009.