Economy

Tuesday, January 28th 2014 - 21:58 UTC
World Cup infrastructure delay is “a joke” says Brazil assistant coach

A Brazil assistant coach says it is “a joke” that the country’s government took so long to begin the infrastructure work needed for this year’s World Cup which is scheduled to begin in June.
Tuesday, January 28th 2014 - 21:12 UTC
Cuba opens Celac summit and warns against 'foreign interference'

The President of Cuba Raúl Castro warned against the “foreign interference” suffered by Latin America and the Caribbean region at the Tuesday opening of the Community of Latin American and Caribbean States (CELAC) summit in Havana, which brought together representatives from the 33-nation group.
Tuesday, January 28th 2014 - 17:57 UTC
What can the U.S. learn from Latin America’s declining inequality?

By Heraldo Muñoz (*) - President Obama recently declared that inequality is “the defining challenge of our age.” When inequality is becoming a growing debate in the United States, what lessons can be drawn from Latin America, which — although still highly unequal — is the only region that managed to reduce income inequality in the last decade?
Tuesday, January 28th 2014 - 05:34 UTC
NY Times: the influential Minister behind Argentina’s economic shift

The following piece from The New York Times, written by Simon Romero and Jonathan Gilbertjan gives an insight into the life and thinking of the most powerful Economics minister Argentina has had in a decade: Axel Kicillof and the brains behind the current rather eclectic policies.
Tuesday, January 28th 2014 - 05:17 UTC
Market disruptor: nuclear restarts spells trouble for LNG

By Nick Cunningham of Oilprice.com - There are two major factors that have emerged in the last five years that have sparked a surge in LNG investments. First is the shale gas “revolution” in the United States, which allowed the U.S. to vault to the top spot in the world for natural gas production.
Tuesday, January 28th 2014 - 05:05 UTC
Argentine market cautious reaction to new rules on foreign exchange and dollar savings

In what promises to be a week of surprises as the Argentine government unfolds measures to contain the price of the US dollar, this Monday the peso held relatively stable after last week's sharp devaluation. While the official rate remained unchanged at 8.01 Pesos for a greenback, in the parallel market it climbed to 12.15 Pesos.
Tuesday, January 28th 2014 - 05:00 UTC
Brazil current account deficit ended 2013 at its widest in twelve years

Brazil's current account ended 2013 at its widest deficit in 12 years amid a weakened foreign trade balance, heavy outgoing service payments, overseas profit remittances and an overall lack of confidence in the country's economic policies.
Monday, January 27th 2014 - 19:26 UTC
Coca Cola CEO warns youth unemployment is a great risk for social peace

Unemployment among teens and young adults represents a huge global problem, says Muhtar Kent, CEO of Coca-Cola. In the United States, teenage unemployment totaled 20.2 percent in December and if the situation isn't addressed, the results could be devastating, the social peace and fabric of the world is in danger.
Sunday, January 26th 2014 - 12:06 UTC
Maduro sets limits on company profits and prison terms for hoarding or over charging

Venezuela decreed a new price control law that sets limits on company profits and establishes prison terms for those charged with hoarding or over-charging, part of populist President Nicolas Maduro's efforts to tame inflation.
Sunday, January 26th 2014 - 11:56 UTC
Argentine squid exports increased 84% last year compared to 2012

Argentina fisheries exports reached 441,255 tons in 2013, up 19.6% over the previous year when 368,915 tons were shipped abroad. Among the items with outstanding performance figures squid with over 100.000 tons and 84% higher than in 2012, according to the official stats from Argentina's Senasa, National Health and Food Quality Service.