Economy

• Friday, December 26th 2014 - 06:17 UTC

  Exceptional year 2014 for Argentina's YPF

  

  The CEO of the state-owned oil company YPF Miguel Galuccio has assured that 2014 “was an exceptional year” in terms of growth and investment. He pointed out that every goal for the year had been achieved.

• Friday, December 26th 2014 - 00:59 UTC

  Uruguay's Economy Minister skeptical on ARU study

  

  Consumers could have saved as much as US$ 167 million had fuel been imported directly instead of oil being refined by ANCAP. Mario Bergara deems it to be “overblown”

• Monday, December 22nd 2014 - 08:48 UTC

  Oil price may slump to US$ 20... or then again maybe not

  

  Market analysts describes two possible international scenarios. Whichever one prevails will be decisive. But it is not happenning soon.

• Sunday, December 21st 2014 - 23:44 UTC

  'Inflation above 30%', says De Mendiguren

  

  Lawmaker and member of the Argentine Industrial Union (UIA) José Ignacio de Mendiguren said that inflation is not 40% as some private indexes say, but he pointed out that it is not around 24% as the government says either. “I think it is over 30%,” he said.

• Thursday, December 18th 2014 - 21:00 UTC

  Brazil's trade balance to benefit from oil price drop

  

  Central Bank President Alexandre Tombini sees the bright side of the international trend that is causing many others a headache, because the country is a net petroleum importer.

• Wednesday, December 17th 2014 - 13:19 UTC

  Brazilian economy remains flat with similar forecast for 2015

  

  Brazil's economy contracted 0.26% in October, ending a three-month growth streak and coming in below analysts' expectations of a 0.30% expansion, reported the Central Bank.

• Wednesday, December 17th 2014 - 13:11 UTC

  US Court of Appeals will hear Argentine case on assets disclosure

  

  US Court of Appeals for the Second Circuit in Manhattan this Wednesday morning will hear Argentina’s appeal against US Judge Thomas Griesa’s order to Argentine banks to provide information on the state’s assets.

• Wednesday, December 17th 2014 - 12:59 UTC

  Uruguay receives IDB credit to boost investment in renewable energies

  

  As part of Uruguay long term plan to promote investment in infrastructure and finance investment in electric power plants using renewable energy resources, essentially wind and solar so as to diversify the country energy mix and cut CO2 emissions, the country will be receiving a 250 million dollar credit line from the Inter American Development Bank, IDB.

• Wednesday, December 17th 2014 - 12:40 UTC

  FAO forecasts record world cereal production buoyed by bumper crops in Europe and US

  

  Latest indications confirm that world cereal production will reach an all-time record of more than 2.5 billion tonnes in 2014. Buoyed by bumper crops in Europe and a record maize output in the United States this year's cereal output should reach 2.532 billion tonnes, including rice in milled terms, or 0.3% higher than 2013, according to FAO's latest Crop Prospects and Food Situation Report.

• Wednesday, December 17th 2014 - 12:22 UTC

  Latin America exports stagnant for third year running, says IDB

  

  Exports from Latin America will drop by about 1.4% in 2014, the first decline in exports since the collapse of international commerce during the 2009 financial crisis, according to a study by the Inter-American Development Bank (IDB).