Economy

• Tuesday, April 22nd 2014 - 07:01 UTC

  Majority of Argentines (61%) dissatisfied with their financial situation

  

  Over 60% of Argentines are not satisfied with their current financial situation and believe the jobs market has little to offer according to the latest public opinion poll referred to the month of March, from Poliarquía Consultores and published in the Buenos Aires daily El Cronista.

• Tuesday, April 22nd 2014 - 06:45 UTC

  US Supreme Court inclined to limit disclosure of Argentine non-US assets

  

  US Supreme Court justices seemed to indicate on Monday that creditors should be able to seek limited information about Argentina's non-US assets in a case stemming from long-running litigation over Argentina's obligations to hedge bond investors. The US administration of President Barack Obama sided with Argentina based on the foreign sovereignty immunity act.

• Tuesday, April 22nd 2014 - 06:26 UTC

  Brazil and Argentina clash over auto-export restrictions; top level mission heads for Buenos Aires

  

  A high level Brazilian government delegation is scheduled to arrive in Buenos Aires on Tuesday to discuss the 'urgent' re-opening of the Argentine market for Brazilian auto exports that have dropped 32% since the beginning of the year because of unilateral decisions from the administration of president Cristina Fernandez.

• Monday, April 21st 2014 - 07:25 UTC

  China's main soy-bean importers in concerted action to bring prices down

  

  Chinese buyers may default on a further 1.2 million tons of soybeans worth about 900 million dollars being shipped from the United States and South America, to avoid incurring huge losses in a depressed local market, the country’s top soy buyer said.

• Monday, April 21st 2014 - 07:06 UTC

  Argentine bonds' case reaches US Supreme Court; support from Obama administration

  

  The US government will stand before the Supreme Court on Monday in support of Argentina's position in its ongoing legal fight with bond investors over a ruling which forces banks in New York, with which Argentina does business, to disclose information about the country's non US assets, as investors seek repayment.

• Monday, April 21st 2014 - 06:24 UTC

  Argentina and Paraguay have Mercosur delayed summit in their bilateral agenda

  

  Argentina's Hector Timerman and Paraguay's Eladio Loizaga will be meeting Monday in Asunción to address among other issues the three times delayed Mercosur summit, which should take place in Venezuela, and must be decided before next June when the group's six-month chair again rotates.

• Thursday, April 17th 2014 - 08:15 UTC

  Brazilian economy expanded at an annualized 1.63% in February

  

  Brazil's economy grew at a 0.24% rate in February, compared to the previous month, the Central Bank said Wednesday. The Central Bank's Index of Economic Activity indicates that the economy grew 1.63% in February, compared to February 2013, while year-on-year growth was 2.41%, up from the 2.29% figure reported in the previous month.

• Thursday, April 17th 2014 - 08:12 UTC

  Brazil's chief banker forecasts inflation will come down in coming months

  

  Food prices in Brazil have started to ease and should bring inflation down in coming months, central bank chief Alexandre Tombini said on Wednesday, reinforcing views that policymakers are ready to wrap up their year-long campaign of rate hikes. He reiterated that a significant part of the impact of past rate increases on inflation has yet to be felt.

• Thursday, April 17th 2014 - 07:47 UTC

  Yuan is 'significantly undervalued' US Treasury tells China

  

  United States has told China its currency must be allowed to rise if it and the global economy are to see stable growth. The US Treasury's twice-yearly report to policymakers says the Yuan is “significantly undervalued”.

• Thursday, April 17th 2014 - 04:58 UTC

  China's economy expands 7.4% in first quarter and retail sales in March 12.2%

  

  China's economy expanded by 7.4% in the first quarter of the year, better than what many were expecting, but it is a slowdown from 7.7% growth in the final quarter of last year. Other data released with the gross domestic product (GDP) figure showed industrial output rising 8.8% in March from one year ago.