Economy

Wednesday, October 30th 2013 - 07:40 UTC
Pacific Alliance well ahead of Mercosur in the “Doing Business 2014” report

The World Bank's “Doing business 2014” report is not very encouraging for Latin-America with Chile the best ranked in position 34 out of 189 economies surveyed, but the group of countries that make up the Pacific Alliance again figures well ahead of Mercosur.
Wednesday, October 30th 2013 - 07:33 UTC
Botnia/UPM conflict: Argentina retaliates against Uruguay with trade and port measures

Argentina has made public its first retaliation against Uruguay over the Botnia/UPM pulp mill controversy and has banned Argentine exports from being trucked to Montevideo for shipment overseas. The resolution was published Tuesday in the Official Gazette and invokes maritime transport agreements in the framework of Mercosur.
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 - 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.
Saturday, October 26th 2013 - 00:39 UTC
Cartes pledges motivation and support for those who help create wealth and jobs

President Horacio Cartes said on Friday he wanted “a reliable and serious Paraguay, full of self esteem” taking advantage of the good economic times and pledged motivation and support for all those who help generate wealth and jobs for the country. However he also admitted that Paraguay has serious failings, “but problems are challenges and opportunities”.
Friday, October 25th 2013 - 06:08 UTC
Pacific Alliance economy ministers proved to be the best of the Americas in 2012

Pacific Alliance economy ministers are rated among the best four in Latin-American, while those from Mercosur can't boast such merit, much to the contrary, according to the 2012 survey from the America Economica Intelligence report, which ranks the region's ministers in that field.
Thursday, October 24th 2013 - 07:54 UTC
'Parallel dollar holiday' in Argentina until after Sunday's election is anticipated

Despite a full-fledged crackdown on the 'cave-exchanges' in the financial sector of Buenos Aires the 'parallel' US dollar ended Wednesday trading as on the previous day at 10.05 Argentine Pesos while the official rate stood at 5.82 Pesos (buying price) and 5.87 Pesos (selling price).