Economy

Saturday, September 20th 2014 - 08:33 UTC
World bank describes global growth this year as 'disappointing'

Global growth had been “disappointing” this year, according to World Bank president Dr Jim Yong Kim, who counted Europe's woes, reforms in Japan, and the impact of US monetary policy on emerging markets, among the world's greatest economic challenges.
Saturday, September 20th 2014 - 08:11 UTC
US court dismisses Citibank and Argentina appeal: back to Judge Griesa

A US court on Friday dismissed an appeal by Citibank and Argentina to let the country make payments on debt tied up in a bitter legal battle with hedge funds.
Friday, September 19th 2014 - 07:19 UTC
Brazilian 2013/14 grains and oilseeds crop reached a record 195.46 million tons

The Brazilian production of grains in 2013/2014 has reached 195.46 million tons, according to the country’s National Supply Company, Conab. The number is a 3.6% (6.8 million tons) increase compared to the previous season.
Friday, September 19th 2014 - 06:53 UTC
Top marks for South Georgia Patagonian toothfish fishery

The South Georgia Patagonian toothfish fishery renewed its five-yearly Marine Stewardship Council (MSC) certification for the third consecutive time. The fishery, which was first MSC certified in 2004, received an average score of 96 out of 100 in the latest assessment, said the government of South Georgia & South Sandwich Islands (GSGSSI).
Friday, September 19th 2014 - 06:31 UTC
Argentine participation in London’s prestigious “100%design” fair

The creativity and uniqueness of Argentine design are on show at the 100%design fair thanks to the support of the Argentine Embassy, which has its own stand at what is considered one of the most prestigious contemporary design events worldwide.
Friday, September 19th 2014 - 06:11 UTC
Bad omen for Argentina and Citibank in their appeal over bond payments

U.S. appeals court signaled its displeasure with Argentina on Thursday as Citigroup warned it faces “serious and imminent hazard” if it follows a judge's order not to process an upcoming interest payment due to bondholders. The hearing ended with not resolution but a pledge to decide on the matter 48 hours before the end of the month.
Thursday, September 18th 2014 - 06:25 UTC
Developing oil field Libra off Brazil will cost 80bn dollars said France's Total

Brazil's biggest oil field, Libra, will cost 80 billion dollars to develop, according to a senior executive with France's Total, one of five consortium members participating in the project. Total's vice president of exploration and production for the Americas, Ladislas Paszkiewicz, made the estimate at the Rio Oil & Gas conference, which began Monday and runs through Thursday.
Thursday, September 18th 2014 - 06:13 UTC
Brazil's Embraer sells 50 E-175 jets, 70/134 pax segment, to Republic Airways

Brazilian aircraft manufacturer Embraer said on Wednesday it has reached an agreement to sell 50 E175 jets to U.S. regional operator Republic Airways Holdings for 2.1 billion dollars.s6u
Thursday, September 18th 2014 - 05:46 UTC
US dollar at new record in Argentina; Kicillof blames 'holdouts' and the US embassy

The informal rate of the US dollar hit a new historic peek on Wednesday in Argentina, breaking the 15 pesos barrier and closing at 15.10 pesos, pushed by rate speculation, and following yesterday’s sharp 25-cents climb. Economy minister Axel Kicillof blamed the 'holdouts' and the US embassy for the latest surge.
Thursday, September 18th 2014 - 05:30 UTC
Fed evasive about when it will begin to raise interest rates, “considerable time”

The US Federal Reserve has reiterated that it will raise interest rates once a “considerable time” has passed after its stimulus program ends in October. The announcement came at the end of a two-day meeting of the central bank's policy committee in Washington DC.