Economy

• Thursday, October 31st 2013 - 06:35 UTC

  IDB approves 300 million dollars loan for north Argentina road network

  

  The Inter-American Development Bank (IDB) has approved a 300 million dollars loan to finance a multiple-work road program aimed at improving the conditions of accessibility, efficiency, and safety of priority roads of Argentina’s Norte Grande Region’s provincial road network and at contributing to the area’s sustainable economic development.

• Thursday, October 31st 2013 - 03:49 UTC

  Greater ports congestion forecasted in Brazil with record soy crop and delayed sugar shipments

  

  Brazil’s delays loading soybeans for export may worsen in 2014 due to a bigger crop and as some grain facilities are used for sugar shipments, crop analyst Soybean & Corn Advisor Inc. said.

• Thursday, October 31st 2013 - 03:46 UTC

  US with the lowest federal budget deficit since 2008: surplus in September

  

  Tax increases, spending cuts and a stronger economy nearly sliced the United States budget deficit in half in fiscal 2013, reducing it to the lowest level since 2008, Treasury Department data showed. The federal government took in 75.1 billion more than it spent last month, leaving the deficit for the fiscal year, which runs from October to September, at 680 billion, down from 1.09 trillion in 2012.

• Wednesday, October 30th 2013 - 21:45 UTC

  Latam and Caribbean weather global slowdown: unemployment forecasted to end this year at 6.3%

  

  Latin American and the Caribbean are forecasted to end 2013 with an urban unemployment rate of between 6.2% and 6.3%, slightly lower than 6.4% recorded in 2012, according to the latest estimates from the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organization (ILO).

• Wednesday, October 30th 2013 - 21:29 UTC

  Fed continues with bond purchases: shutdown of US government affected reliable stats

  

  The Federal Reserve decided on Wednesday to press on with the 85 billion dollars in monthly bond purchases, saying it needs to see more evidence that the economy will continue to improve.

• Wednesday, October 30th 2013 - 07:40 UTC

  Pacific Alliance well ahead of Mercosur in the “Doing Business 2014” report

  

  The World Bank's “Doing business 2014” report is not very encouraging for Latin-America with Chile the best ranked in position 34 out of 189 economies surveyed, but the group of countries that make up the Pacific Alliance again figures well ahead of Mercosur.

• Wednesday, October 30th 2013 - 07:33 UTC

  Botnia/UPM conflict: Argentina retaliates against Uruguay with trade and port measures

  

  Argentina has made public its first retaliation against Uruguay over the Botnia/UPM pulp mill controversy and has banned Argentine exports from being trucked to Montevideo for shipment overseas. The resolution was published Tuesday in the Official Gazette and invokes maritime transport agreements in the framework of Mercosur.

• Monday, October 28th 2013 - 13:50 UTC

  China capitalist reforms: break up state monopolies, land reform, Yuan reserve currency

  

  A Chinese top government think tank has unveiled a detailed road map for a series of far-reaching economic policy changes, in one of the strongest indications yet that the Communist Party intends to stay on the path of reform

• Monday, October 28th 2013 - 06:41 UTC

  Lack of refining capacity and capped fuel prices hit Petrobras profits

  

  Brazil’s state-controlled oil producer Petrobras said third-quarter profit slid 40%, missing analysts’ estimates, on higher fuel imports and refining losses. Net income dropped to 3.39 billion Reais (1.55bn dollars) from 5.66 billion Reais a year earlier, the company said on Friday in a regulatory statement.

• Monday, October 28th 2013 - 06:17 UTC

  Brazil's current account deficit in 12 months to September stands at 3.6% of GDP

  

  Brazil's current account deficit narrowed in September from the previous month as the foreign trade surplus strengthened, but the improvement was more modest than economists expected. The country posted a current account deficit of 2.629 billion dollars in September, central bank data showed.