Economy

Thursday, November 14th 2013 - 07:38 UTC
IMF to review Argentina's 'new' stats on inflation and GDP, next 9 December

The International Monetary Fund said Wednesday it will review Argentina's progress on improving its economic statistics in December, after censuring the country last February for supplying poor data.
Thursday, November 14th 2013 - 07:30 UTC
Fed chief candidate says US economy still performing “far short” of its potential

Janet Yellen, President Obama's choice to lead the Federal Reserve, said the central bank would not stop its stimulus efforts until the labor market improves and inflation rises. The comments came in a statement prepared for her confirmation hearing before the Senate Banking Committee. Thursday's hearing is a chance for Senators to question Ms Yellen.
Thursday, November 14th 2013 - 07:23 UTC
October inflation in Argentina reaches 2% and 25.86% in last twelve months

Inflation in Argentina according to the so called Congressional index during the month of October reached 2% and 25.86% in the last twelve months, it was reported by opposition lawmakers.
Wednesday, November 13th 2013 - 06:22 UTC
New oil resources does not mean an era of abundance cautions IEA

Technology and high prices are opening up new oil resources, but this does not mean the world is on the verge of an era of oil abundance, according to the International Energy Agency’s (IEA) 2013 edition of the World Energy Outlook (WEO 2013).
Wednesday, November 13th 2013 - 00:16 UTC
Uruguay sends bill to parliament banning ownership of land by foreign companies or governments

The Uruguayan government sent a draft law to parliament Tuesday that would ban the ownership of land by companies if they are in any way linked to foreign countries. The measure states it “aims to avoid the risk of foreign states breaching the sovereignty of the Uruguayan state in the absence of appropriate regulations and occupying a significant position in agricultural activity.”
Tuesday, November 12th 2013 - 08:14 UTC
Maduro promises more price controls while bargain hunters empty appliance stores

Venezuelans stood in lines outside appliance stores for a fourth day on Monday after President Nicolas Maduro deployed the army to force retailers to slash prices. After taking control of several appliance stores last week, Maduro vowed late Sunday to step up inspections of businesses selling shoes, clothes, automobiles and other goods to make sure they aren’t gouging consumers.
Tuesday, November 12th 2013 - 08:10 UTC
Lagarde praises Argentina's 'positive progress' in reforming economic data quality

Argentina has made “positive progress” in reforming the quality of its economic data, the head of the International Monetary Fund said on Sunday, adding that the IMF's board is set to review the country's moves in a few days.
Monday, November 11th 2013 - 18:56 UTC
Majority of Chileans, 83% support nationalizing copper, but it's not an issue of the presidential campaign

In an annual poll released last month, 83% of Chileans voted positively when asked “Are you in favor or against the proposal to nationalize copper?” — registering overwhelming support for a prospective reform that, while radical, remains relatively low on the list of campaign hot topics the November 17 presidential election.
Monday, November 11th 2013 - 18:41 UTC
YPF announces discovery of conventional oil well in Mendoza: 15m barrels

Argentina's nationalized YPF has discovered a new conventional oil well in the western Mendoza province, which will add 15 million barrels of crude to its reserves. Initial production at the El Manzano bloc and the Mirador del Valle x-1 well at 1,789 meters deep is expected to be around 535 barrels per day, the company said.
Monday, November 11th 2013 - 13:21 UTC
Brazil's 2013/14 crop estimated to reach in excess of 192.4 million tons

Brazil's coming 2013/14 grains and oilseeds harvest has been estimated between 192.4 and 196.6 million tons with an increase in the range of 3% to 5.3% over the previous crop which reached 186.8 million tons.