Economy

• Thursday, October 29th 2015 - 06:39 UTC

  Argentina's dollar clamp intensifies following on Sunday's election results

  

  Argentina on Tuesday halved the daily amount of dollars companies can transfer abroad without authorization, currency traders said, while the country's insurance regulator put new limits on the amount of hard currency assets insurers can hold.

• Tuesday, October 27th 2015 - 07:43 UTC

  Japanese company acquires part of Petrobras gas distribution unit

  

  Japan-based Mitsui has signed an agreement with Petrobras for partial acquisition of shares in the latter's natural gas distribution unit Petrobras Gás (Gaspetro) for about R$1.9bn ($489m).

• Tuesday, October 27th 2015 - 07:04 UTC

  Argentina's markets trade higher the 'day after' Sunday's elections

  

  Argentina's financial markets traded higher on Monday after opposition and pro market candidate Mauricio Macri's surprisingly strong showing in presidential elections forced as second vote on 22 November.

• Sunday, October 25th 2015 - 10:43 UTC

  Tierra del Fuego inflation in September jumped 1.2% and 25.1% in 12 months

  

  September inflation in the Argentine extreme south province of Tierra del Fuego reached 1.2% and 18,8% in the nine months of the year, and 25.1% in the last twelve months according to the provincial stats and census office.

• Saturday, October 24th 2015 - 09:11 UTC

  Wealthy nations expenditure on its farmers far outstrips global food aid

  

  Wealthy nations spend 20 times more on farm subsidies than the US$12 billion they allocate to food aid and support for poor farmers annually, John McArthur, a senior fellow with the Brookings Institution, the think-tank which led the new research, said.

• Friday, October 23rd 2015 - 08:39 UTC

  Judge Griesa rules in favor of 'me too' Argentine bond holders suing for full payment

  

  U.S. judge ruled on Thursday that holders of $234 million in defaulted Argentine bonds suing for full payment had been treated unequally to creditors who had participated in the country's past restructurings.

• Friday, October 23rd 2015 - 08:35 UTC

  Concerns over Euro low inflation; ECB plans to re-examine stimulus program

  

  The European Central Bank (ECB) says it will “re-examine” its €1.1 trillion quantitative easing (QE) stimulus program at its December meeting. It has embarked on a scheme of bond purchases at €60bn per month designed to bring Euro zone inflation back up.

• Friday, October 23rd 2015 - 08:30 UTC

  Rousseff admits massive budget deficit this year; estimates are of 9% of GDP

  

  Brazil has given up on its goal of seeking a primary budget surplus this year and instead will record a massive shortfall as a deepening economic and political crisis drags on revenues, presidential chief of staff Jaques Wagner said on Thursday. Brazil's overall budget deficit has soared to 9% of GDP, according to estimates.

• Thursday, October 22nd 2015 - 07:42 UTC

  Latin America's 2013/15 exports, worst performance in eight decades says ECLAC

  

  The value of Latin America’s exports will continue to decline through 2015 by 14%, with Argentina faring slightly worse with a reduction of 17%, says the UN Economic Commission for Latin America and the Caribbean (ECLAC) report, which also indicated that the value of imports to Argentina are set to fall by a smaller 10%.

• Thursday, October 22nd 2015 - 07:09 UTC

  Brazil leaves Selic rate unchanged at 14.25%; inflation the target but with no timetable

  

  Brazil's central bank kept interest rates on hold on Wednesday, for a second straight month despite a jump in inflation expectations. The decision not to raise rates will give a breather to President Dilma Rousseff, who is fighting for her political survival amid the country's worst economic and political crisis in 25 years.