Economy

• Thursday, April 17th 2014 - 04:53 UTC

  For third consecutive month UK inflation stands below the 2% target rate

  

  The UK inflation rate as measured by the Consumer Prices Index (CPI) fell to 1.6% in March from 1.7% in February, according to the Office for National Statistics (ONS). It is the third consecutive month inflation has been below the Bank of England's 2% target rate, and the lowest rate since October 2009.

• Thursday, April 17th 2014 - 04:44 UTC

  Chilean plan to rebuild Valparaíso but people already returning to their rubble plots

  

  Chilean President Michelle Bachelet vowed to reconstruct Valparaíso, utilizing a new plan that would prevent many of the 11,000 victims of devastating wildfires from rebuilding on hills that cannot be protected from disasters. But she faces a battle to convince evacuees to relocate, with many wishing to return to what remains of their previous homes.

• Wednesday, April 16th 2014 - 10:01 UTC

  Ukraine falling to economic warfare and its own missteps

  

  As protests in Ukraine's eastern region turned violent on Sunday leading to the death of a Ukrainian security officer in a shootout with pro-Russian militia, Kiev threatens military action while Moscow flexes its geo-economic warfare muscles.

• Wednesday, April 16th 2014 - 04:54 UTC

  Dollar stabilizing in Argentina; central bank purchases 350 million

  

  Argentina's central bank purchased 390 million dollars, one of the largest operations in years, as part of its policy to keep the price of the greenback in the local market stabilized after months of distortions and a run on the bank's international reserves that dropped to a new low in the last twelve months.

• Wednesday, April 16th 2014 - 04:44 UTC

  Mercosur proposal to present the EU expected to be ready by end of April

  

  Argentine cabinet chief Jorge Capitanich confirmed on Tuesday 'significant advances' in the elaboration of Mercosur's joint proposal to exchange with the European Union for discussions on a much delayed wide ranging cooperation and trade agreement.

• Wednesday, April 16th 2014 - 04:42 UTC

  Nissan opens new complex in Brazil to turn out 200.000 cars and engines

  

  Japan Nissan's top executives travelled to Resende, Rio do Janeiro state on Tuesday to inaugurate a complex designed to turn out 200,000 vehicles and engines per year with the goal of capturing 5% of Brazil's new car market by 2016.

• Wednesday, April 16th 2014 - 04:20 UTC

  European central bank considering 'further stimulus' if inflation remains low

  

  European Central Bank (ECB) has said it will provide “further stimulus” to the Euro zone economy if inflation in the bloc continues to remain low. Mario Draghi, said a stronger Euro would act as a trigger to looser monetary policy.

• Wednesday, April 16th 2014 - 04:15 UTC

  Fiat Argentina CEO calls for one digit inflation to help stabilize production

  

  Fiat Argentina's CEO Cristiano Rattazzi compared inflation in Argentina with that of Venezuela and Sudan and called on the government of President Cristina Fernandez to bring it down to one digit and help stabilize production costs and exports.

• Wednesday, April 16th 2014 - 04:13 UTC

  March inflation in Argentina: official 2.6%; opposition index, 3.3%

  

  Official inflation in Argentina during March was 2.6%, according to Economy minister Axel Kicillof who underlined that during the month there was “a considerable deceleration in the increase of prices”, in most items with the exception of clothing and private schooling.

• Wednesday, April 16th 2014 - 04:11 UTC

  Lower budget deficits over the next decade forecasted in the US

  

  US budget deficits over the next decade will be 286 billion less than previously estimated, the Congressional Budget Office said on Tuesday, attributing much of the decline to lower estimates of subsidy costs under President Barack Obama's health insurance reform law.