Economy

• Thursday, February 13th 2014 - 03:11 UTC

  YPF buys Houston based Apache's operations and assets in Argentina

  

  Argentina's YPF agreed on Wednesday to pay 852 million dollars for all of Apache operations and assets in the country, making the government managed company the largest operator of natural gas.

• Thursday, February 13th 2014 - 03:06 UTC

  January inflation climbed 4.61% during January according to Congress index

  

  Argentina's inflation in January climbed to 4.61% and 30.78% in the last twelve months according to the average from private consultants estimates which are released every month by opposition lawmakers in what is known as the 'Congressional index'.

• Thursday, February 13th 2014 - 01:35 UTC

  China trade surplus jumps in January, with imports increasing by 10%

  

  China's trade surplus jumped to 31.9bn dollars in January, easing concerns the world's second-largest economy may be stuck in a slowdown. The figure was up 14% from a year earlier and stronger than forecasts for a 23.7bn surplus.

• Thursday, February 13th 2014 - 01:31 UTC

  Still divided, US Congress lifts government borrowing limit...until 2015

  

  The US Senate has sent to the president a bill to raise the country's borrowing limit for another year, ending a series of political standoffs over the issue. The chamber passed the bill on a 55-43 party line vote a day after it narrowly passed the House of Representatives.

• Wednesday, February 12th 2014 - 09:09 UTC

  Pacific Alliance signs accord to scrap 92% of inter-trade tariffs and bolster ties with Asia

  

  Heads of state from the Pacific Alliance, comprised of Chile, Colombia, Mexico, and Peru, signed a deal on Monday that will scrap 92% of tariffs on goods and services traded between them. Created in 2012 the Alliance aims to integrate free markets in trade, energy, finance and infrastructure, and bolster ties with Asia, a key trading partner.

• Tuesday, February 11th 2014 - 23:53 UTC

  Yellen confirms Bernanke approach: labor market recovery “far from complete”

  

  Federal Reserve Chair Janet Yellen said on Tuesday the US central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was “far from complete.”

• Tuesday, February 11th 2014 - 23:44 UTC

  “It is not clear where the Argentine government is heading or who is in charge”

  

  It is not clear where the government commanded by Argentine president Cristina Fernández is heading to, Economy Minister of neighboring Uruguay Mario Bergara affirmed saying the economic ups and downs in Argentina have deeply impacted on Uruguayan exports, tourism and real estate activities.

• Tuesday, February 11th 2014 - 08:18 UTC

  Subsidies in the Argentine economy totaled an estimated 4.9% of GDP in 2013

  

  Economic subsidies for Argentine public and private companies last year totaled an estimated 143 billion pesos, or 4.9% of GDP, the highest level in eight years, according to a joint report by the Professional Council of Economic Sciences (CPCE) and the Argentine Institute of Fiscal Analysis (IARAF) released this week, and which was summarized by the Buenos Aires Herald.

• Tuesday, February 11th 2014 - 08:04 UTC

  Jaguar Land Rover profits soar on sales of XJ and XF models and Range Rover

  

  Profits at luxury car maker Jaguar Land Rover (JLR) more than doubled in the last three months of 2013. The UK company made profits of £842m, up from £404m for the same quarter in 2012, on revenues of £5.3bn.

• Monday, February 10th 2014 - 04:06 UTC

  Uruguay and Brazil prepared to a 'two-speed' Mercosur/EU trade negotiation

  

  Uruguay and Brazil could be prepared to go ahead with a 'two speed' trade negotiations between Mercosur and the European Union if the Argentine tariff proposal is not as ambitious as that from the rest of its members, according to Uruguayan diplomatic sources.