Economy

• 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.

• Monday, February 10th 2014 - 03:42 UTC

  “Argentina's economy on the right course” K ambassador tells the Washington Post

  

  Argentina's reactions to the country's image in the US and particularly that of President Cristina Fernandez administration economic policies have not ceased. This time it was ambassador before the US government, Cecilia Nahón who strongly replied the terms of an editorial from The Washington Post anticipating “Argentina's coming collapse”.

• Monday, February 10th 2014 - 03:33 UTC

  Francis denies any involvement in Argentina's complicated situation: 'pure nonsense'

  

  Pope Francis dismissed on Sunday reports that he had called for a meeting between representatives from President of Cristina Fernández government and members of the Argentine Industrial Union (UIA) and organized labor CGT union, with the supposed aim of discussing economic issues.

• Monday, February 10th 2014 - 03:19 UTC

  Brazilian inflation down in January, but 12-month still off target

  

  The Brazilian official inflation rate was 0.55% in January, lower than December 2013’s 0.92% and January 2013’s 0.86%. Over the last 12 month-period, the Extended Consumer Price Index (IPCA) stands at 5.59%, from February 2013 to January 2014.

• Saturday, February 8th 2014 - 08:51 UTC

  English football association looking for new sponsor: Budweiser steps down

  

  England's Football Association (FA) has confirmed it needs a new sponsor for the FA Cup after Budweiser decided not to renew its £9m-a-year deal. The current deal with the US drinks giant expires at the end of the season, and the search is on for a replacement for the 2014-15 competition.

• Saturday, February 8th 2014 - 08:36 UTC

  Unemployment in the US falls to lowest level since October 2008, but it's not enough

  

  The US economy added 113,000 jobs in January; the second month in a row the figure has been weaker than expected. Economists had predicted the US Labor Department would report an increase of about 180,000 new jobs. However, the unemployment rate fell to 6.8%, the lowest level since October 2008.

• Saturday, February 8th 2014 - 06:35 UTC

  Mercosur interested in trade integration with members of the Pacific Alliance, says Brazil

  

  Mercosur pretends to increase its trade integration with members from the Pacific Alliance, said Brazilian foreign minister Luiz Alberto Figuereido. The top official made the statement this week before the Brazilian Senate foreign affairs committee.

• Friday, February 7th 2014 - 21:00 UTC

  Falklands' farmers urged to prepare for declining wool prices forced by currencies' distortions

  

  Falkland Islands farmers are being urged to plan for income reductions in the order of 15 to 25% for the season's wool production with the potential for more reductions, MLA Phyl Rendell announced in Legislative Assembly last week.

• Friday, February 7th 2014 - 07:18 UTC

  ECB president downplays the threat of deflation in the Euro zone

  

  The European Central Bank left interest rates at a record low at 0.25% on Thursday, but said it remained ready to act in the face of risks to the Euro zone economy, particularly turbulence in the emerging markets, and downplayed deflation.

• Friday, February 7th 2014 - 07:13 UTC

  Two leading US Senators anticipate an economic crisis in Argentina, soon

  

  The current Argentine economic situation reached the US Capitol during the hearings to consider President Obama's nomination for future ambassador in Buenos Aires, and what was said was not encouraging.