Economy

Thursday, April 10th 2014 - 05:37 UTC
China has become Latam's banker loaning 102bn dollars from 2005 to 2013

China loaned 102 billion dollars to Latin America between 2005 and 2013, mainly to Venezuela and Argentina, while Mexico seems to be going the same way, according to a release from the Global Economic Governance Initiative which depends from the University of Boston.
Wednesday, April 9th 2014 - 19:44 UTC
Renewable energy keeps advancing despite a drop in overall investment

Renewable energy's share of world electricity generation continued its steady climb last year despite a 14% drop in investments to 214.4 billion dollars, according to a new report released on Monday and produced by the Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance, the United Nations Environment Program (UNEP) and Bloomberg New Energy Finance.
Wednesday, April 9th 2014 - 07:29 UTC
IMF joins Argentine GDP linked bonds controversy involving potential payment of 3bn dollars

The International Monetary Fund reported on Monday a steep deceleration of Argentina’s economic activity for 2014, in a context of “high uncertainty”, according to its latest World Economic Outlook released in Washington.
Wednesday, April 9th 2014 - 06:52 UTC
Latest storms and rainy weather could cost Argentina 3 million tons of soybeans

Argentina's crop of soybeans and cereals, and the country's main source of hard currency is threatened by the last few days storms of pouring rainfall, flash floods and mud slides that have punished at least seven provinces. Argentina is one of the world's main suppliers of grains.
Wednesday, April 9th 2014 - 06:48 UTC
Osborne launches with Mantega Brazil/UK 'economic and financial dialogue'

Finance minister Guido Mantega and Chancellor of the Exchequer George Osborne announced on Tuesday in Sao Paulo the launching of the Brazil/UK Economic and Financial Dialogue to strengthen bilateral trade and cooperation, and investment in infrastrucutre, according to a joint release.
Wednesday, April 9th 2014 - 06:37 UTC
Chancellor welcomes insurer’s plans to boost Brazilian activity

Chancellor of the Exchequer George Osborne welcomed the decision by insurer Hiscox to join the Lloyd’s Brazil reinsurance platform during his current trip to Brazil. This will allow Hiscox to grow its Brazilian business, enabling it to talk directly to potential customers and better understand the local market.
Wednesday, April 9th 2014 - 06:30 UTC
Uruguay significantly stronger but still vulnerable to Argentina, says Fitch

While Uruguay's current financial position is significantly stronger than in the early 2000s when its economy suffered from the effects of the Argentine crisis, a severe downturn in Argentina could still have an important impact on Uruguay's economy through a variety of transmission channels, according to a new special report published by Fitch Ratings.
Tuesday, April 8th 2014 - 22:05 UTC
Falklands fiscal regime and stability remain attractive for oil and gas industry

With the Falkland Islands' upstream oil and gas industry still in its infancy, the country's attractive fiscal regime, which boasts a low government take, is expected to remain stable through the short and medium term, says a new report from research and consulting firm GlobalData.
Tuesday, April 8th 2014 - 07:38 UTC
UK minister arrives in Brazil to ramp trade with generous export financing

At the start of a three day trade trip to Brazil, the Chancellor of the Exchequer George Osborne announced the next stage in the UK government’s fundamental overhaul of finance for exporters which should move the UK to the top of the global league for export support.
Tuesday, April 8th 2014 - 07:35 UTC
March inflation in Buenos Aires City, 3.6% and 37.5% in the last 12 months

Consumer prices in the City of Buenos Aires increased 3.6% during March compared to February according to the latest release from the economic consultants FIEL. This is the first drop this year following the increases in January and February which were above 5%.