Economy

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.
Thursday, April 10th 2014 - 06:28 UTC
Brazil's March inflation marks the steepest increase for the month since 2003

Brazil’s rate of inflation in March picked up at the quickest pace in 11 years for that month, challenging the central bank’s plan to stop raising interest rates soon and complicating President Dilma Rousseff chances of re-election.
Thursday, April 10th 2014 - 06:17 UTC
Argentine top minister in Washington attending the 'ideologically bias” IMF assembly

In a strong reply to the IMF report on the Argentine economy forecasting 0.5% expansion in 2014, the administration of President Cristina Fernandez said the multilateral organization suffers of an 'ideological bias' and its recipes only prompted the 'worst social and productive crisis in the history of Argentina'.
Thursday, April 10th 2014 - 05:56 UTC
Argentine unions anticipate massive support and turnout for Thursday's national strike

Argentina will witness on Thursday a new test of political clout and influence between the administration of Argentine president Cristina Fernandez and dissident organized labor, headed by teamster Hugo Moyano who has called for a national strike, anticipating it will have “a resounding massive support and turnout from the Argentine people”.