Economy

Friday, March 14th 2014 - 10:12 UTC
China's first two months industrial output figures feed fears of a slowdown

China's industrial output rose 8.6% in January and February, according to the National Bureau of Statistics. Retail sales - a key measure of consumer spending - also increased 11.8% from the year before, government figures show. The figures were less than analysts had been expecting, adding to fears of a slowdown.
Friday, March 14th 2014 - 09:00 UTC
Farm land sales in Uruguay last year totaled a record 1.3bn dollars

Farm land sales in Uruguay totaled a record 1.3bn dollars in 2013, involving 1.868 operations and 370.927 hectares, which is 10% more than in 2012, according to the Ministry of Agriculture, Livestock and Food ministry's Stats Office, DIEA. Uruguay's farmland covers approximately 17 million hectares and the most dynamic buyers are the pensions funds, says the report.
Thursday, March 13th 2014 - 23:31 UTC
China ready to set up private banks as it takes steps to open financial sector

Internet firms Alibaba and Tencent have been shortlisted as pioneers of a pilot scheme to set up private banks in China, as the country takes steps to open up its financial sector. A total of ten companies have been selected to set up private banks.
Thursday, March 13th 2014 - 23:25 UTC
Colorado state collects 2 million dollars from legal marijuana in January

US state of Colorado collected 2 million dollars in taxes from newly legalized recreational marijuana businesses in January. Colorado became the first US state to legalize the commercial sale of cannabis in 2012, and stores opened for business on 1 January 2014.
Thursday, March 13th 2014 - 23:16 UTC
Inflation in Brazil edges up in February to an annualized 5.68%

Inflation edged up in Brazil in February to hit an annualized rate of 5.68%, following a 0.69% monthly rise in February, national statistical office IBGE said Wednesday.
Thursday, March 13th 2014 - 11:26 UTC
Promising report on Argentine mining sector and contribution to the economy

The Argentine mining sector is expected to invest 3.85 billion dollars this year, including 800 million as imports' substitutes, announced Planning minister Julio de Vido, who also revealed that in the last ten years the sector has invested over 11bn dollars and generates an activity equivalent to 3.2% of GDP.
Thursday, March 13th 2014 - 08:20 UTC
Investment inflow in Brazil remain strong, says central banker Tombini

Investment inflows into Brazil remain “strong” so far in March, central bank president Alexandre Tombini said on Wednesday, adding that 9.2 billion dollars entered the country in the form of portfolio and foreign direct investments in February.
Thursday, March 13th 2014 - 08:14 UTC
Argentina's February inflation 4.3%, according to the Congressional index

Argentina's inflation during February reached 4.3%, according to the so called Congressional index, which is an average of private consultants and is released monthly by the opposition members from Lower House Freedom of Speech committee. This means inflation in the last twelve months in Argentina reached 34.8%.
Thursday, March 13th 2014 - 05:52 UTC
Falklands, trade, Mercosur/EU, oil and gas, in Swire's agenda in Uruguay

Bilateral trade, Mercosur/EU talks, oil and gas cooperation, and Falkland Islands, plus some audacious comments on the coming World Cup match Uruguay/England, were some of the issues addressed by Foreign Office minister for Latin-American Hugo Swire during his one day visit to Uruguay on Wednesday.
Wednesday, March 12th 2014 - 09:13 UTC
Mining companies shares down hit by a slump in the price of iron ore

Shares in some of the world's biggest mining companies have been hit by a slump in the price of iron ore, amid fears of a slowdown in China's economy. Iron ore delivered into China fell 8.3% on Monday after Beijing reported weak export data over the weekend.