Economy

Saturday, November 9th 2013 - 06:02 UTC
October inflation eases in Brazil but food prices keep steady

Consumer prices in Brazil edged up last month but remained stable at 5.8% over 12 months, the Brazilian Institute of Geography and Statistics (IBGE) reported Thursday. It put October inflation at 0.57%, up from 0.35% the previous month.
Saturday, November 9th 2013 - 05:54 UTC
Falklands: FOGL starts 3D seismic survey in north basin; drilling in late 2014

Falkland Oil and Gas Ltd, FOGL, announced on Friday it has started the third 3D seismic survey of its northern area licences in the Falkland Islands. The oil and gas exploration and development company with operations in the Falkland Island Basins said the PGS Ramform Titan ship has begun the survey over the mid-Cretaceous complex.
Saturday, November 9th 2013 - 03:31 UTC
Group of Argentine bondholders plan 'private debt swap' to holdouts

A group of Argentine bondholders will offer creditors suing for the repayment of defaulted sovereign debt a private deal to get them to abandon their litigation, the state-run Télam news agency said.
Saturday, November 9th 2013 - 03:27 UTC
IMF holding constructive talks with Argentina on inflation and GDP data

International Monetary Fund announced it was holding “constructive” talks with Argentina about addressing flawed economic data that led to an unprecedented IMF censure of a member country.
Friday, November 8th 2013 - 06:00 UTC
Venezuela joins the hyperinflation club: 54.3% in last twelve months and climbing

Venezuela's consumer prices rose 5.1% in October, pushing the 12-month inflation rate to 54.3%, the highest mark since the late President Hugo Chávez took power in 1999. The news was released by the central bank on Thursday which also revealed that the scarcity index had reached its highest level since 2009.
Friday, November 8th 2013 - 05:38 UTC
OIE restores Paraguay free of FMD with vaccination status

The World Organization for Animal Health, OIE restored Paraguay with the status of free of foot and mouth disease, FMD, with vaccination, a condition it had lost back in September 2011. The news was confirmed in Asunción by Paraguay's Minister of Agriculture and Livestock, Jorge Gattini
Thursday, November 7th 2013 - 19:25 UTC
Euro zone lowers rate to prop economy and avoid deflation; shares at five-year high

A surprise rate cut by the European Central Bank sent Euro zone shares to a five-year high on Thursday as traders bet a weaker Euro and easier lending conditions would help revive the region's economy and boost demand for stocks.
Thursday, November 7th 2013 - 19:06 UTC
Mercosur and Argentina top of the agenda in Mujica/Rousseff summit in Brasilia

Mercosur negotiations, disputes with Argentina and economic complementation with Brazil are among the main issues of a long agenda that Uruguay and Brazil will address when President Jose Mujica visits his Brazilian peer Dilma Rousseff on Friday in Brasilia.
Thursday, November 7th 2013 - 17:51 UTC
Falklands’ tourist board on 'path to worldwide recognition'

“We are encouraged to see the natural progression of the Falklands tourist board on a path to worldwide recognition”, said Managing Director Tony Mason who announced plans for the establishment of an Islands' tourist board branch in London.
Thursday, November 7th 2013 - 07:57 UTC
Argentina complains South African Airways decision to cut the Buenos Aires route

Argentina's ambassador to South Africa, Carlos Sersale di Cerisano, has criticized South African Airways’ (SAA’s) move to end its service to Buenos Aires as a “political decision” not based on commercial criteria. SAA spokesman Tlali Tlali said the airline was cutting long-haul routes from its network as part of a turnaround strategy to restore profitability. Cutting the route between Argentina and South Africa had to be seen in that context.