Economy

• Monday, September 30th 2013 - 17:00 UTC

  Argentina hopes US Supreme Court hears its case with the hedge funds

  

  The US Supreme Court was scheduled to meet behind closed doors on Monday to decide whether to hear a high-profile appeal by Argentina over its battle with hedge funds that refused to take part in two debt restructurings that sprang from the country's 2002 default.

• Monday, September 30th 2013 - 16:39 UTC

  Paraguayan economy boosted by agriculture expanding at an annual 13.3%

  

  Paraguay’s GDP expanded 13.3% in the second quarter of this year boosted by agriculture and beef exports, according to the latest release from the Central bank. Agriculture has proved the most dynamic sector with 6.2% growth helping Paraguay to have the fastest growing economy this year in Latam following on a 0.9% retraction last year, because of an extended drought.

• Saturday, September 28th 2013 - 05:08 UTC

  Petrobras makes ‘beautiful’ discovery and generates a new promising oil province

  

  Brazil's Petrobras and its Indian partners have made a “beautiful” oil discovery off Brazil's northeast coast, Sergipe-Alagoas basin, and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018, the company's CEO said on Friday.

• Friday, September 27th 2013 - 22:01 UTC

  Mujica inclined to support UPM pulp production expansion but conditioned to environment improvements

  

  Uruguay’s president Jose Mujica anticipated that his intention is to authorize the UPM pulp mill to expand production, as the Finnish company had requested, but conditioned to certain additional environmental measures, which will not be made public until talks with Argentine president Cristina Fernandez on Monday.

• Friday, September 27th 2013 - 21:40 UTC

  Jobs market remains strong in Brazil; unemployment down to 5.3% in August

  

  Brazil's jobless rate fell unexpectedly and salaries jumped in August from the previous month, government data showed this week. It was the second consecutive month-to-month drop in Brazil's jobless rate, which remains close to record lows.

• Thursday, September 26th 2013 - 22:43 UTC

  Argentina appeals Judge Griesa ruling stating central bank reserves are ‘seizable’ for certain purposes

  

  New York Judge Thomas Griesa has ruled against Argentina's request to dismiss a lawsuit over the Central Bank (BCRA) reserves, which if upheld could allow holdout creditors to seize assets belonging to the country.

• Thursday, September 26th 2013 - 21:45 UTC

  Pacific Alliance makes its official presentation in New York with three presidents

  

  The Pacific Alliance made its official presentation in New York before 200 business people and investors, mostly from the US, with four top anchor men: the presidents of Chile, Peru and Colombia and Mexico’s foreign trade minister since head of state Enrique Peña Nieto had to remain in the country because of the catastrophic floods.

• Thursday, September 26th 2013 - 21:36 UTC

  Spain out of recession “but not out of the crisis”, Rajoy tells US financial media

  

  President Mariano Rajoy making the round of financial media in New York this week, said Spain had emerged from recession in the third quarter with estimated economic growth of 0.1% to 0.2% forecast and 0.5% to 1% in 2014.

• Thursday, September 26th 2013 - 21:04 UTC

  A sugar rush that could fuel the economy

  

  By R. Viswanathan (*) - India should take its cue from Brazil and invest in ethanol as a viable commercial substitute for costly petrol.

• Thursday, September 26th 2013 - 06:51 UTC

  Argentina expects a large crop of wheat next November despite recent frosts

  

  Argentina is on track to harvest more wheat this season as greater acreage and coming warm weather should offset any yield loss caused by recent frosts that hit in the last days of the Southern Hemisphere winter.