Economy

Saturday, November 9th 2013 - 18:03 UTC
China begins secret meeting to decide reforms and course of next decade

China began a four-day secret meeting on Saturday to set a reform agenda for the next decade as they try to push more sustainable growth after three decades of breakneck expansion. But analysts have cautioned against expectations for big changes as they say stability remains the watchword for the leadership.
Saturday, November 9th 2013 - 17:55 UTC
Food commodity markets more balances and less price volatile, says FAO

Food commodity markets are becoming more balanced and less price volatile than in recent years thanks to improved supplies and a recovery in global inventories of cereals, according to FAO's Food Outlook report published on Friday.
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.