Economy

Wednesday, April 16th 2014 - 04:44 UTC
Mercosur proposal to present the EU expected to be ready by end of April

Argentine cabinet chief Jorge Capitanich confirmed on Tuesday 'significant advances' in the elaboration of Mercosur's joint proposal to exchange with the European Union for discussions on a much delayed wide ranging cooperation and trade agreement.
Wednesday, April 16th 2014 - 04:42 UTC
Nissan opens new complex in Brazil to turn out 200.000 cars and engines

Japan Nissan's top executives travelled to Resende, Rio do Janeiro state on Tuesday to inaugurate a complex designed to turn out 200,000 vehicles and engines per year with the goal of capturing 5% of Brazil's new car market by 2016.
Wednesday, April 16th 2014 - 04:20 UTC
European central bank considering 'further stimulus' if inflation remains low

European Central Bank (ECB) has said it will provide “further stimulus” to the Euro zone economy if inflation in the bloc continues to remain low. Mario Draghi, said a stronger Euro would act as a trigger to looser monetary policy.
Wednesday, April 16th 2014 - 04:15 UTC
Fiat Argentina CEO calls for one digit inflation to help stabilize production

Fiat Argentina's CEO Cristiano Rattazzi compared inflation in Argentina with that of Venezuela and Sudan and called on the government of President Cristina Fernandez to bring it down to one digit and help stabilize production costs and exports.
Wednesday, April 16th 2014 - 04:13 UTC
March inflation in Argentina: official 2.6%; opposition index, 3.3%

Official inflation in Argentina during March was 2.6%, according to Economy minister Axel Kicillof who underlined that during the month there was “a considerable deceleration in the increase of prices”, in most items with the exception of clothing and private schooling.
Wednesday, April 16th 2014 - 04:11 UTC
Lower budget deficits over the next decade forecasted in the US

US budget deficits over the next decade will be 286 billion less than previously estimated, the Congressional Budget Office said on Tuesday, attributing much of the decline to lower estimates of subsidy costs under President Barack Obama's health insurance reform law.
Tuesday, April 15th 2014 - 23:11 UTC
Argentina prepares to celebrate worldwide Malbec Day on 17 April

Next 17 April is “World Malbec Day” and for the fourth running year Argentina Wines will be promoting the image of the varietal in over sixty events in 55 different cities in 44 countries. This year the event will be supported by the pleasure of good music with the purpose of attracting young consumers, 25 to 35 year old.
Tuesday, April 15th 2014 - 06:51 UTC
Kicillof downplays Argentina's relation with IMF; Capitanich describes it as 'normal'

Argentina's Economy minister Axel Kicillof tried to downplay his recent to the G20/ IMF annual meetings held in Washington, saying the country is a regular attendant, and insisting that the country has no agreements with the IMF ”because it’s not an Argentine creditor”. Cabinet chief on the other hand described Argentina's relation with the IMF as 'normal'.
Tuesday, April 15th 2014 - 06:46 UTC
Colombia applying to join OECD but must overcome the environmental performance test

Colombia’s rich natural heritage as one of the world’s most bio-diverse countries is coming under increasing pressure from extractive industries, livestock grazing, urbanization and car use, according to the latest OECD report on Environmental Performance Review, which will addressed when talks on Colombia’s accession to the Organization for Economic Cooperation and Development.
Tuesday, April 15th 2014 - 06:41 UTC
Mexico and OECD discussing relations with the Pacific Alliance

Mexico's Economy Secretary Ildefonso Guajardo Villarreal and the chairman of the Organization for Economic Cooperation and Development, OECD, José Ángel Gurría Treviño have met to address relations between OECD and the Pacific Alliance, and global value chains.