Economy

Friday, September 20th 2013 - 20:50 UTC
Argentine consumers’ inflation expectations for next twelve months above 30%

Argentines expect an inflation of 30% for the next twelve months despite a slight deceleration in prices which consumers admit in some periods of the current year according to the findings from the Di Tella University.
Friday, September 20th 2013 - 20:29 UTC
“Bellwether” Fed member says massive bond buying program could be tapered in October

The US Federal Reserve could still scale back its massive bond buying program at an October meeting should data point to a stronger economy, St. Louis Fed President James Bullard said on Friday. “October is a live meeting” he told Bloomberg television.
Friday, September 20th 2013 - 08:35 UTC
Lack of ‘tuning’ and a new historic reality, obstacles for EU/Mercosur trade talks

The lack of ‘tuning’ in trade affairs is not the only motive stalling the decade long Mercosur/European Union trade and cooperation discussions according to EU ambassador in Montevideo, Juan Fernandez Trigo who also included what he described as the ‘new historic reality’.
Friday, September 20th 2013 - 08:31 UTC
Argentina and Brazil address Mercosur and trade discussion with Europe

Argentina’s Hector Timerman and Brazil’s new Foreign minister Luiz Alberto Figueiredo Machado discussed a long agenda of common interest issues during a work meeting held in Buenos Aires, which included Mercosur, trade discussions with Europe, Unasur, Haiti and US cyber-spying in the region among other issues.
Friday, September 20th 2013 - 08:24 UTC
US corn exporters concerned with Mercosur competition in Venezuela

United States corn exporters are concerned with the fact that Venezuela, one of their prime markets, is now a full member of Mercosur, which includes Brazil and Argentina two major exporting countries.
Friday, September 20th 2013 - 08:10 UTC
Falklands and oil company discuss temporary port for exploration needs

Noble Energy Falkland Islands Ltd continue to negotiate with the Falkland Islands Government on the construction of a temporary port to the east of FIPASS prior to progressing the application for planning permission, the company’s representative in the Falkland Islands told Penguin News this week.
Friday, September 20th 2013 - 08:02 UTC
Brazil prepared to lower Mercosur tariffs at January’s review panel

Brazil's government is considering lowering import duties in the next planned review of regional bloc Mercosur tariffs, which is scheduled to take place in January, Trade Minister Fernando Pimentel announced this week.
Friday, September 20th 2013 - 07:58 UTC
IMF sides with Obama calls on Republicans to bury political differences

The International Monetary Fund urged US policymakers to support major reforms at the global lender and bury political differences over the budget to ease one source of risk to the economy and markets.
Friday, September 20th 2013 - 07:36 UTC
Brazil’s Mantega becomes supporter of US stimulus and praises Fed’ last decision

Brazilian Finance Minister Guido Mantega, on Wednesday cheered the Federal Reserve's decision to leave stimulus unchanged, saying it may signal an end to market turmoil. Mantega, who gained international fame for using the term “currency wars” to describe rich nations’ efforts to lift exports by weakening their currencies, said a gradual stimulus withdrawal may boost Latin America's largest economy.
Thursday, September 19th 2013 - 19:31 UTC
China has become Uruguay’s main market for beef taking 25% of exports

China in just a year has become Uruguay’s main client for beef absorbing 25% of exports equivalent to 190 million dollars in the last agriculture year (July 2012/June 2013). Uruguay exports totalled 390.000 tons according to the latest release from the country’s Meats Institute, INAC.