Economy

• Saturday, September 19th 2015 - 07:15 UTC

  UK economists debate on further interest rate cuts to combat low inflation

  

  The Bank of England may have to cut rates to combat low inflation, rather than raise them as its next move, its chief economist Andy Haldane has said. UK inflation may not pick up in the second half of the year, and there are risks of fallout from emerging economies, he said in a speech.

• Saturday, September 19th 2015 - 06:44 UTC

  Falklands: “thank you” to the people of Uruguay for being so warm, welcoming and supportive

  

  A business delegation from the Falkland Islands participated in Uruguay's main agri-business show at the Prado grounds with a stall in the British GREAT pavilion. The week attendance was described as 'surprising and successful' and Falklands lawmaker Gavin Short addressed an open letter thanking all those involved in helping with the Islands' presence.

• Friday, September 18th 2015 - 07:52 UTC

  Fed leaves rates unchanged on concerns about a weak world economy

  

  The US Federal Reserve kept interest rates unchanged on Thursday in a nod to concerns about a weak world economy, but left open the possibility of a modest policy tightening later this year. In what amounted to a tactical retreat, the US central bank said an array of global risks and other factors had convinced it to delay what would have been the first rate hike in nearly a decade.

• Thursday, September 17th 2015 - 21:03 UTC

  US consumer prices slipped in August helped by fuel prices and strong dollar

  

  Consumer prices in the United States fell in August as petrol prices dropped and a strong dollar curbed the cost of goods, the US Department of Labor has said. The Consumer Price Index (CPI) slipped 0.1% last month, the first decline since January. But in the 12 months to August, the CPI rose 0.2% after a similar gain in July.

• Thursday, September 17th 2015 - 09:45 UTC

  Petrobras oil/gas production in August sets new records; subsalt output up 61% in twelve months

  

  Brazil's state-controlled Petrobras produced a record 2.69mn b/d of oil equivalent (boe/d) in August, 3.1% increase over July and almost 1% higher than the previous 2.67mn boe/d record set in December 2014, the company said on Wednesday.

• Thursday, September 17th 2015 - 09:40 UTC

  Repsol and BG group discover natural gas reserves in southern Bolivia

  

  President Evo Morales confirmed the discovery of new natural gas reserves at two adjacent fields in southern Bolivia that are managed by a consortium led by Spanish oil major Repsol. The Margarita and Huacaya fields are located in the Caipipendi block, in which Repsol and Britain's BG Group each has a 37.5% stake and Anglo-Argentine oil company Pan American Energy holds a 25% interest.

• Thursday, September 17th 2015 - 08:54 UTC

  Argentine magistrate orders Executive to release poverty figures; government says judge is 'meddling'

  

  An Argentine magistrate ordered the Executive to present official reports on the extent of poverty and indigence in the country, figures which allegedly the much questioned stats office, Indec ceased to release almost two years ago. However cabinet chief Anibal Fernandez ironically downplayed the order arguing the judge was 'meddling' in something she does not know.

• Thursday, September 17th 2015 - 08:46 UTC

  Embattled Rousseff argues countries are not defined by their credit ratings

  

  Embattled and leaner Brazilian President Dilma Rousseff said on Wednesday that a country is not defined by its credit rating, downplaying Standard & Poor's decision to assign junk status to Latin American largest economy's sovereign debt.

• Thursday, September 17th 2015 - 08:32 UTC

  Appeals court hands victory to Argentina in bonds dispute; questions Judge Griesa's 'class' expansion

  

  A United States federal appeals court handed Argentina a victory Wednesday in its quest to relieve itself of the pressures of debt owed to American hedge funds and others, saying a judge went too far by letting some bondholders demand payment without proving how much they are entitled to be paid.

• Wednesday, September 16th 2015 - 09:45 UTC

  Rousseff's latest austerity measures, 'hard to pass' warn congress leaders

  

  President Dilma Rousseff's latest austerity plan to rescue Brazil's sinking economy faced a cold reception Tuesday, with Congress raising questions over whether the measures will win approval. The speaker of the lower house of Congress and one of Rousseff's chief foes, Eduardo Cunha, dismissed the measures as “pseudo cuts” and predicted they would not easily pass.