Economy

• Wednesday, January 29th 2014 - 20:31 UTC

  Lagarde admits volatility in global markets as strong economies tighten monetary policy

  

  Monetary policy tightening in advanced economies will cause volatility in international markets this year and impact the monetary situation of some emerging economies, IMF Managing Director Christine Lagarde cautioned on Wednesday.

• Wednesday, January 29th 2014 - 06:51 UTC

  Argentine foreign money market operating at 8.015 Pesos to the US dollar

  

  For second day running the Argentine foreign money market reacted with normality with the official rate of the US dollar closing at 8.015 Pesos, while the so called 'reference dollar' for savings traded at 9.62 Pesos and the 'blue' or parallel climbed 35 cents to 12.50 Pesos.

• Tuesday, January 28th 2014 - 22:44 UTC

  Hedge fund CEO says that dispute with Argentina could be settled 'in an afternoon'

  

  Paul Singer, CEO of hedge fund Elliott Management Corporation and who is litigating Argentina demanding full payment of defaulted bonds described Argentina's government policies as 'horrendous' and stated that 'talking' he could settle the dispute 'in an afternoon'.

• Tuesday, January 28th 2014 - 22:38 UTC

  Maduro wants Puerto Rico to join Celac, a territory 'free of colonies'

  

  President Nicolás Maduro described the current CELAC summit in Havana as historic and revealed Venezuela has proposed that the group's territories be considered 'free of colonies' and thus invites Puerto Rico to formally join Celac (Community of Latin American and Caribbean state).

• Tuesday, January 28th 2014 - 21:58 UTC

  World Cup infrastructure delay is “a joke” says Brazil assistant coach

  

  A Brazil assistant coach says it is “a joke” that the country’s government took so long to begin the infrastructure work needed for this year’s World Cup which is scheduled to begin in June.

• Tuesday, January 28th 2014 - 21:12 UTC

  Cuba opens Celac summit and warns against 'foreign interference'

  

  The President of Cuba Raúl Castro warned against the “foreign interference” suffered by Latin America and the Caribbean region at the Tuesday opening of the Community of Latin American and Caribbean States (CELAC) summit in Havana, which brought together representatives from the 33-nation group.

• Tuesday, January 28th 2014 - 17:57 UTC

  What can the U.S. learn from Latin America’s declining inequality?

  

  By Heraldo Muñoz (*) - President Obama recently declared that inequality is “the defining challenge of our age.” When inequality is becoming a growing debate in the United States, what lessons can be drawn from Latin America, which — although still highly unequal — is the only region that managed to reduce income inequality in the last decade?

• Tuesday, January 28th 2014 - 05:34 UTC

  NY Times: the influential Minister behind Argentina’s economic shift

  

  The following piece from The New York Times, written by Simon Romero and Jonathan Gilbertjan gives an insight into the life and thinking of the most powerful Economics minister Argentina has had in a decade: Axel Kicillof and the brains behind the current rather eclectic policies.

• Tuesday, January 28th 2014 - 05:17 UTC

  Market disruptor: nuclear restarts spells trouble for LNG

  

  By Nick Cunningham of Oilprice.com - There are two major factors that have emerged in the last five years that have sparked a surge in LNG investments. First is the shale gas “revolution” in the United States, which allowed the U.S. to vault to the top spot in the world for natural gas production.

• Tuesday, January 28th 2014 - 05:05 UTC

  Argentine market cautious reaction to new rules on foreign exchange and dollar savings

  

  In what promises to be a week of surprises as the Argentine government unfolds measures to contain the price of the US dollar, this Monday the peso held relatively stable after last week's sharp devaluation. While the official rate remained unchanged at 8.01 Pesos for a greenback, in the parallel market it climbed to 12.15 Pesos.