Economy

• Thursday, September 25th 2014 - 03:14 UTC

  Brazil scrambles to support the Real; as Dilma recovers in the polls the currency falls

  

  Brazil’s Real advanced from a seven-month low as the central bank signaled it will maintain support for the currency when it increased the number of foreign-exchange swap contracts offered in a rollover.

• Wednesday, September 24th 2014 - 15:55 UTC

  Argentia economic situation can become 'harmful' for the region says Moody's

  

  Credit ratings agency Moody's Investors Service has warned about the Argentine situation which can become “harmful” for Latin America, stating that the country's economy is in “decline” and qualifying current policies as “highly risky.”

• Wednesday, September 24th 2014 - 15:50 UTC

  WTO lowers global goods trade growth for this year and 2015

  

  Global goods trade will grow less than hoped this year and next, and factors including regional conflicts and the Ebola outbreak are putting a quick return to stronger growth at risk, the World Trade Organization said today.

• Wednesday, September 24th 2014 - 15:44 UTC

  Marina blasts Dilma Rousseff for not supporting UN deforestation dead line initiative

  

  Environmentalist and presidential opposition candidate Marina Silva blasted Brazilian president Dilma Rousseff for not supporting an initiative to put a deadline on deforestation supported by 32 countries this Tuesday during the Climate summit in New York.

• Tuesday, September 23rd 2014 - 10:48 UTC

  Argentine Peso faces a turbulent start of the week with new records

  

  The beginning of a turbulent week for Argentina's money exchange market with the informal or 'blue' dollar climbing to 15,15 Argentine Pesos, while the official rate was up one cent to 8,45 Pesos in Buenos Aires banks and foreign exchange offices.

• Tuesday, September 23rd 2014 - 06:23 UTC

  British Airways cuts weekly London/Buenos Aires direct flights to five a week

  

  British Airways will be eliminating two direct flights between Buenos Aires and London beginning 31 March 2015, meaning the weekly schedule will be cut from seven to five flights, mainly because of a drop in the number of passengers.

• Tuesday, September 23rd 2014 - 06:14 UTC

  “Citibank has no gun to its head, but the Argentine law”, said Kicillof

  

  Argentina's Economy Minister Axel Kicillof responded to Citibank’s lawyer Karen Wagner remarks that the bank had “a gun pointed to its head” which would “probably go off” if the US Judiciary did not allow payment of funds blocked by US Judge Thomas Griesa’s ruling.

• Tuesday, September 23rd 2014 - 05:54 UTC

  Griesa calls for new hearing on Citibank injunction request to pay Argentine bonds

  

  New York district judge Thomas Griesa has called a new hearing this Friday, after Citibank requested an injunction in order to honor a payment on Argentine bonds held under local legislation and in foreign currency.

• Tuesday, September 23rd 2014 - 05:43 UTC

  Merkel praises France on reforms, but deferred to Brussels the controversial budget deficit issue

  

  Germany's Angela Merkel said on Monday after meeting French premier Manuel Valls that she was impressed by the number of reforms Paris had launched, but deferred to Brussels on the halting French efforts to reduce its public deficit.

• Monday, September 22nd 2014 - 05:01 UTC

  A third of Argentina's population 'vulnerable' to falling back into poverty, says World Bank

  

  Approximately 33% of Argentina's population (or those living with between 4 and 10 dollars per day) are vulnerable to falling into poverty if faced with adverse economic conditions, the World Bank said in its 2015-2018 Country Partnership Strategy (CPS) report for Argentina.