Economy

• Monday, February 24th 2014 - 06:49 UTC

  Magallanes the fastest and strongest growing region of Chile last year

  

  Magallanes, in the extreme south of Chile plus Aysén and Tarapacá are the regions which registered the best performance in 2013 according to the country's indicator of regional economic activity, Inacer, which is released by the country's Stats Office, INE.

• Monday, February 24th 2014 - 06:42 UTC

  Sao Paulo protest against World Cup and demand more hospitals and schools

  

  Brazilian police used tear gas and made an estimated 230 arrests on Saturday evening to disperse a protest in Sao Paulo ahead of the World Cup. Among those arrested in Brazil's business hub, which will host the opening match of the World Cup on June 12, were five journalists, O Estado de Sao Paulo daily reported.

• Monday, February 24th 2014 - 06:40 UTC

  World top economies pledge 2% growth in next five years and millions of jobs

  

  The world's top economies have embraced a goal of generating more than 2 trillion dollars in additional output over five years while creating tens of millions of new jobs, while also promising more transparency in monetary policy to allay the concerns of emerging economies.

• Saturday, February 22nd 2014 - 07:04 UTC

  OECD warns global economy is threatened by a new low-growth era

  

  A widespread slowdown in global economic productivity is threatening to usher in a new low-growth era, the Organisation for Economic Cooperation and Development has warned.

• Saturday, February 22nd 2014 - 06:40 UTC

  Falklands' annual inflation 0.6%; improvements planned for the index

  

  The Falkland Islands inflation for the last quarter rose by 0.03% with an annual increase of 0.6% it was announced at this week’s Standing Finance Committee, reports the Penguin News.

• Saturday, February 22nd 2014 - 06:34 UTC

  Argentina's trade balance during January drops to a minimum of 35 million dollars

  

  Argentina’s balance of trade in January unveiled a small surplus of 35 million dollars, which represents a decrease of 88% comparing the same period in 2013. According to the government stats office, Indec, exports reached 5,3 billion dollars, a retraction of 8%, compared to the same month last year, while imports hit 5.1 billion, a downfall equal 4%, compared to January 2013.

• Saturday, February 22nd 2014 - 06:28 UTC

  Argentine economy expanded 4.9% last year, according to government data

  

  The Argentine economy expanded 4.9% last year according to the official stats office Indec 'monthly economic growth indicator', EMAE, which is usually a good anticipation of the final figures. If confirmed Argentina will have grown uninterruptedly since the 2002 crisis, when the major default and melting of the economy.

• Saturday, February 22nd 2014 - 06:21 UTC

  YPF and Repsol are expected to sign a compensation deal next week

  

  Spanish oil major Repsol said Friday that, as part of a preliminary compensation deal struck last year with the Argentine government for the seizure of its former unit, YPF, it will take a charge of 1.28 billion Euros (1.76 billion dollars) on its 2013 earnings.

• Friday, February 21st 2014 - 08:05 UTC

  Uruguay lowers growth estimate for 2014 to 3% of GDP; inflation still a challenge

  

  Uruguay's GDP this year is expected to expand by 3%, below the original estimate of 4%, according to Economy minister Mario Bergara currently in the United States on a tour to promote investments in the country and who was interviewed by Bloomberg.

• Friday, February 21st 2014 - 07:30 UTC

  Chancellor Osborne warns UK recovery 'is not yet secure' despite recent growth surge

  

  UK Chancellor George Osborne said next month’s Budget will continue to confront Britain’s problems as he cautioned the recovery was “not yet secure” despite a recent surge in growth.