Economy

Wednesday, June 11th 2014 - 02:02 UTC
Argentina port strike at soy-harvest peak, delays 126 ships queuing to load

A strike of dock workers in Argentina's grains and oilseeds export hub Rosario was holding on Tuesday for the second day running 126 ships, which are queuing and waiting to load.
Wednesday, June 11th 2014 - 01:54 UTC
China's Yuan gaining ground as world currency even for the US

SWIFT's Tracker for the Chinese currency (Yuan or Renminbi, RMB) shows that United States' Yuan payments value increased by 327% between April 2013 and April 2014, placing the United States at number three 3 in the world for payments value, excluding China and Hong Kong.
Wednesday, June 11th 2014 - 01:48 UTC
Uruguay issues 2 billion dollars of new 2050 global bond to help spread the country's debt

Uruguay issued 2 billion dollars of a new 2050 global bond on Tuesday at a spread of 165 to 170 basis points over U.S. Treasuries as part of the government's bid to put less strain on its accounts in the near- and medium-term, it was reported.
Monday, June 9th 2014 - 20:52 UTC
Positive scenario for Argentina's decisive battle with hedge funds later this week

New York judge Thomas Griesa rejected last week a request by hedge fund investor Paul Singer to chide Argentina over its apparent “best option” plan to default on all its debt should it lose its last-chance appeal later this week before the US Supreme Court.
Monday, June 9th 2014 - 16:06 UTC
May inflation in Brazil moderates but drought-stricken food prices still impact

Brazil's monthly consumer prices index slowed in May versus the previous month, but not as much as expected, as the impact of one of the worst droughts in decades in food prices receded only partially. The IPCA rose 0.46% compared with a 0.67% climb in April, the Brazilian Geographic and Statistics Institute, or IBGE, said.
Monday, June 9th 2014 - 07:45 UTC
Hillary Clinton favors easing US economic embargo on Cuba

While secretary of state, Hillary Clinton urged President Barack Obama to ease the U.S. economic embargo against Cuba, according to excerpts from her memoir due out next week.
Monday, June 9th 2014 - 06:27 UTC
FAO Food Price Index down for the second consecutive month in May

The FAO Food Price Index was down for the second consecutive month in May, continuing its retreat from the 10-month high it experienced in March. Prices fell as generally ample supplies weighed on international prices for most commodities included in the Index.
Monday, June 9th 2014 - 06:10 UTC
US Embassy praises Argentina: says 'investment climate has started to change'

The United States Chargé d'Affaires at the Embassy In Buenos Aires Kevin Sullivan, who is in charge of the embassy on an interim basis, praised Argentina’s agreement with Paris Club, ICSID and YPF-Repsol deal, saying “the situation is changing, in a good way” and pointing out a change in investment climate.
Saturday, June 7th 2014 - 05:23 UTC
Bank of England leaves rates unchanged; fears of house prices rising too fast

The Bank of England kept its benchmark interest rate steady on Thursday to support the UK economy's ongoing recovery, as figures showed house prices rose at the most rapid pace in almost 12 years during May.
Saturday, June 7th 2014 - 04:48 UTC
IMF welcomes Argentina's implementation of actions on CPI and GDP indexes

The International Monetary Fund (FMI) welcomed on Friday “all the specified actions,” taken by Argentine President Cristina Fernández administration, to improve Consumer prices and Gross Domestic Product indexes under INDEC National Statistics Bureau orbit.