Economy

Monday, April 14th 2014 - 15:50 UTC
World trade expected to grow 4.7% this year and 5.3% in 2015, says WTO

World trade is expected to grow by a modest 4.7% in 2014 and at a slightly faster rate of 5.3% in 2015 World Trade Organization economists announced on Monday. The 4.7% forecast is more than double the 2.1% increase of last year, but remains below the 20-year average of 5.3%. For the past two years, growth has averaged only 2.2%.
Saturday, April 12th 2014 - 09:03 UTC
Argentine government disavows the strike and confirms current policies

The Argentine government said on Friday there is no turning back of current policies despite the massive national strike that paralyzed the country on Thursday and insisted that the real impact was the result of the roadblocks in the accesses to the main cities.
Saturday, April 12th 2014 - 08:45 UTC
Oil race fuels new Falklands chapter

The following article from the Sydney Morning Herald was written by Chris Zappone, who recently visited the Falkland Islands as a guest of the local government and the Foreign Office.The Falkland Islands are not an easy place to reach. Flights come only weekly. Cruise ships making the trip brave frigid seas, freezing nights and recently, harassment from Argentine dockworkers.
Saturday, April 12th 2014 - 08:40 UTC
G20 give the US until year-end to ratify long delayed reforms to IMF

Finance chiefs from around the globe gave the United States until year-end to ratify long-delayed reforms to the International Monetary Fund and threatened to move forward without it if it fails to do so.
Friday, April 11th 2014 - 22:06 UTC
Greece returns strongly to the bond market with a 3-billion Euro issue at 4.95%

Two years after it nearly crashed out of the Euro zone, Greece returned to the bond market this week with yield-hungry investors rushing to buy its debt in a 3-billion Euro deal that could mark the beginning of the end of its bailout. Athens offered a yield of just 4.95% to sell five-year bonds, the second lowest borrowing costs for a bailed-out Euro zone state returning to market.
Friday, April 11th 2014 - 08:30 UTC
Brazil says there is enough coffee to supply exports and domestic market

Brazil has enough coffee stocks to supply exports and domestic demand this year even though a severe drought will result in a lower-than-expected harvest, the nation's coffee industry association Abic said on Thursday.
Friday, April 11th 2014 - 08:19 UTC
Chevron and YPF unveil plans to invest another 1.6bn in Vaca Muerta shale

US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another 1.6 billion dollars to develop Argentina's Vaca Muerta shale formation for oil and gas projects. The investment comes on top of 1.2 billion Chevron agreed to spend last year for a shale pilot project.
Friday, April 11th 2014 - 04:31 UTC
China's foreign trade falls sharply in March confirming economy's slowdown

China's exports and imports fell sharply in March, adding to recent indicators pointing to a slowdown in the world's second-largest economy. The country's exports fell by 6.6% in March when compared with the previous year, while imports dropped by 11.3% in the same month, when compared with the same time last year.
Friday, April 11th 2014 - 04:27 UTC
Japan/Australia trade agreement cracks tariffs on frozen and chilled beef

United States beef shipments to Japan may drop after the largest Asian buyer inked this week a deal with Australia to begin reducing import tariffs as early as next year, the Japanese agriculture ministry said.
Friday, April 11th 2014 - 04:22 UTC
Bank of England leaves interest rates unchanged as UK recovery picks up

UK interest rates have been held at their record low of 0.5% for another month by the Bank of England. On Thursday the Bank also kept the size of its bond-buying stimulus program unaltered at £375bn. No changes had been expected to either rates or the bond-buying measure, despite recent evidence that the UK economy is continuing to recover.