Economy

Monday, August 11th 2014 - 08:06 UTC
Brazil's July inflation surprises and slows to 0.01%, and 6.5% in twelve months

Brazil's Broad Consumer Price Index (IPCA) ended July at 0.01%, the Brazilian Geography and Statistics Institute (IBGE) reported. This figure reflects a decrease compared to June (0.4%) with transport and personal expenses items, contributing for the reduction.
Saturday, August 9th 2014 - 07:45 UTC
Despite warning, Kicillof again defies and again accuses Griesa of 'partiality'

Economy ministry Axel Kicillof once again defiantly insisted Argentina has made a required debt payment on restructured sovereign bonds on Friday night, just hours after a U.S. judge threatened a contempt-of-court order if Argentina did not stop issuing such statements.
Saturday, August 9th 2014 - 07:34 UTC
Griesa warns Argentina with 'contempt' if it continues with “false and deceiving statements”

New York district judge Thomas Griesa on Friday threatened to declare Argentina in “contempt” of court if the Republic continues to make “false and deceiving statements,” following Argentina’s claim it has already paid exchange bondholders and has no pending obligations, as it deposited 539 million dollars in bond payments in Bank of New York Mellon (BoNY) and Citibank.
Saturday, August 9th 2014 - 06:49 UTC
ECB to make more transparent European banks quality and potential litigations

The European Central Bank will consider the impact of future lawsuits and fines in its review of whether the Euro zone's 131 most important lenders have enough capital to withstand another recession.
Saturday, August 9th 2014 - 06:33 UTC
Bank of England inflation forecast, next week could give an idea on future hike

The Bank of England opted this week to keep its main interest rate at a record-low level of 0.50% against a backdrop of solid British economic growth. The central bank's nine-member monetary policy committee decided also to maintain the level of cash stimulus in the economy at £375 billion, it said in a statement.
Saturday, August 9th 2014 - 06:25 UTC
Dragui 'pleased' with a weakened Euro exchange rate, which could decline further

European Central Bank President Mario Dragui signaled he was pleased with the recent decline in the Euro's exchange rate and outlined a number of forces that may weaken it further, providing a potential boost to weak inflation in the region.
Friday, August 8th 2014 - 09:07 UTC
Argentina announces measures to prop the economy and avoid redundancies

A day after Economy minister Axel Kicillof admitted problems with the Argentine economy, president Cristina Fernandez announced on Thursday a battery of measures to prop economic activity, open the labor market for young people, avoid redundancies and give the property market a thrust.
Friday, August 8th 2014 - 08:57 UTC
Argentina urges Obama to intercede in holdouts case: Griesa is 'interfering with US foreign policy'

Argentine President Cristina Fernández on Thursday urged US President Barack Obama to intercede in the dispute between Argentina and holdouts over Argentine debt, while blasting New York judge Thomas Griesa for “not making any sense”.
Friday, August 8th 2014 - 08:31 UTC
IATA warns Venezuela it could be left isolated, if it doesn't pay airlines

The International Air Transport Association (IATA) has reminded the Venezuelan government that if it fails to settle debts with international airlines, the country would be isolated from the world; hence, the association urged Venezuela to reach agreements, and above all, to fulfill such agreements.
Friday, August 8th 2014 - 07:59 UTC
Brazil insists in trade agreements and closer ties with Pacific Alliance, despite Mercosur

Brazil confirmed that it will try to bring forward to 2016 the free trade agreement with Chile, Peru and Colombia, scheduled for 2019 and underlined the need for Mercosur and the Pacific Alliance to converge as part of the region's productive integration process.