Economy

• Monday, October 28th 2013 - 05:33 UTC

  Rousseff and Mantega dispute IMF report on Brazil as 'incoherent'

  

  Brazilian President Dilma Rousseff responded to the International Monetary Fund concern over the country's fiscal situation, saying Brazil was fulfilling its responsibilities. IMF claimed that Brazil's competitiveness had eroded in recent months and downgraded the country's growth forecast from 4.25% to 3.5%.

• Monday, October 28th 2013 - 05:30 UTC

  Argentina's nine month squid exports reach 91.277 tons, up 43.7% over 2012

  

  Argentina exported 329,751 tons of seafood in the nine months of 2013 to September, a figure which shows an increase of 14.9% compared to the same period in 2012, when 286.899 tons were shipped abroad.

• Saturday, October 26th 2013 - 00:39 UTC

  Cartes pledges motivation and support for those who help create wealth and jobs

  

  President Horacio Cartes said on Friday he wanted “a reliable and serious Paraguay, full of self esteem” taking advantage of the good economic times and pledged motivation and support for all those who help generate wealth and jobs for the country. However he also admitted that Paraguay has serious failings, “but problems are challenges and opportunities”.

• Friday, October 25th 2013 - 06:08 UTC

  Pacific Alliance economy ministers proved to be the best of the Americas in 2012

  

  Pacific Alliance economy ministers are rated among the best four in Latin-American, while those from Mercosur can't boast such merit, much to the contrary, according to the 2012 survey from the America Economica Intelligence report, which ranks the region's ministers in that field.

• Thursday, October 24th 2013 - 07:54 UTC

  'Parallel dollar holiday' in Argentina until after Sunday's election is anticipated

  

  Despite a full-fledged crackdown on the 'cave-exchanges' in the financial sector of Buenos Aires the 'parallel' US dollar ended Wednesday trading as on the previous day at 10.05 Argentine Pesos while the official rate stood at 5.82 Pesos (buying price) and 5.87 Pesos (selling price).

• Thursday, October 24th 2013 - 07:51 UTC

  Brazil sells 3.2bn dollars in new global bonds to improve the best yield curve

  

  Brazil sold about 3.2 billion dollars of new global bonds due in 2025, more than twice the original launch amount, as it paid the largest premium over U.S. Treasuries for a similar maturity since 2009 (approx 4.3%). The National Treasury is also buying back about 2 billion dollars of high-coupon notes maturing between 2017 and 2030.

• Wednesday, October 23rd 2013 - 20:51 UTC

  Wheat shortage in Argentina has seen bread prices skyrocket; Buenos Aires ton price is double Chicago's

  

  In the last few days the Argentine news media has been focusing on the fact that there does not seem to be enough wheat or corn to go around, which is driving prices higher and causing concern for the users of these grains. This is particularly true for bakeries which have been forced to charge soaring prices for bread.

• Wednesday, October 23rd 2013 - 16:32 UTC

  Bank of Spain estimates the country climbed out of recession in third quarter

  

  Spain climbed out of recession in the third quarter, growing 0.1% from the previous three-month period to end a streak of nine consecutive quarters of contraction, the Bank of Spain estimated Wednesday in its latest economic bulletin.

• Wednesday, October 23rd 2013 - 16:24 UTC

  Argentine consumers expect Inflation in the next twelve months to average 31.3%

  

  Expected inflation in Argentina for the next twelve months is on average 31.3% according to the monthly survey from the Torcuato Di Tella University, UTDT. However the monthly expectation dropped 1.6 percentage points compared to September in all regions of Argentina.

• Wednesday, October 23rd 2013 - 01:36 UTC

  US dollar in Argentina reached 10 Pesos ahead of Sunday's mid-term election

  

  The US dollar in Buenos Aires reached on Tuesday 10 Argentine Pesos (buying price) and 10.05 pesos (selling price) in the informal market, 15 cents higher compared to its last closing price, pushed by the tourist sector, and as the government crackdown on the so called city “exchange caves” eased up.