Stories for October 2013

Monday, October 28th 2013 - 13:50 UTC
China capitalist reforms: break up state monopolies, land reform, Yuan reserve currency

A Chinese top government think tank has unveiled a detailed road map for a series of far-reaching economic policy changes, in one of the strongest indications yet that the Communist Party intends to stay on the path of reform
Monday, October 28th 2013 - 06:41 UTC
Lack of refining capacity and capped fuel prices hit Petrobras profits

Brazil’s state-controlled oil producer Petrobras said third-quarter profit slid 40%, missing analysts’ estimates, on higher fuel imports and refining losses. Net income dropped to 3.39 billion Reais (1.55bn dollars) from 5.66 billion Reais a year earlier, the company said on Friday in a regulatory statement.
Monday, October 28th 2013 - 06:17 UTC
Brazil's current account deficit in 12 months to September stands at 3.6% of GDP

Brazil's current account deficit narrowed in September from the previous month as the foreign trade surplus strengthened, but the improvement was more modest than economists expected. The country posted a current account deficit of 2.629 billion dollars in September, central bank data showed.
Monday, October 28th 2013 - 06:01 UTC
Former Colombian president Uribe challenges Santos peace talks with FARC

Former Colombian President Alvaro Uribe's political movement chose economist Oscar Ivan Zuluaga on Saturday as its candidate for presidential elections in May, a vote which represents Uribe's tough stance against leftist guerrillas.
Monday, October 28th 2013 - 05:37 UTC
Argentine government retains congress; Massa and Macri confirm 2015 presidential ambition

Argentine President Cristina Fernandez's governing bloc held onto control of Congress in Sunday's mid-term elections, but the results also confirmed the emergence of a new group of powerful leaders who with different messages (and non-messages) anticipated on that same night that their target it the presidential chair in 2015.
Monday, October 28th 2013 - 05:33 UTC
Rousseff and Mantega dispute IMF report on Brazil as 'incoherent'

Brazilian President Dilma Rousseff responded to the International Monetary Fund concern over the country's fiscal situation, saying Brazil was fulfilling its responsibilities. IMF claimed that Brazil's competitiveness had eroded in recent months and downgraded the country's growth forecast from 4.25% to 3.5%.
Monday, October 28th 2013 - 05:30 UTC
Argentina's nine month squid exports reach 91.277 tons, up 43.7% over 2012

Argentina exported 329,751 tons of seafood in the nine months of 2013 to September, a figure which shows an increase of 14.9% compared to the same period in 2012, when 286.899 tons were shipped abroad.
Monday, October 28th 2013 - 05:23 UTC
Candidate Bachelet announces constitutional reform, tax on the rich and more power to unions

Chilean former president and opposition coalition New Majority candidate Michelle Bachelet presented her government's program which is based on a review of the constitution, education and tax reforms, legalizing same sex marriage, government managed pension funds and strengthening unions' bargaining power, among other issues.
Saturday, October 26th 2013 - 15:54 UTC
Argentina appeals New York Judge Griesa's order regarding banks' disclosures

The Argentine government yesterday appealed an order by US Judge Thomas Griesa who asked some private banks to turn over information about Argentina’s assets abroad. The case had been started by hedge fund Elliott Management Corp’s NML Capital Ltd which is demanding in court full 100% payment of Argentine sovereign bonds face value.
Saturday, October 26th 2013 - 15:45 UTC
Brazil's main city again rocked by riots and vandalism over transport facilities and costs

Brazilian police fired tear gas and have arrested scores of protesters in the country's main city Sao Paulo when a march demanding free public transportation for students turned violent. The protest on Friday evening blocked key city streets and disrupted the public transportation system in the city of 11 million. Police reported the arrest of at least 78 people.