Economy

Wednesday, October 2nd 2013 - 07:51 UTC
Brazil posts first August primary budget deficit in over ten years

Brazil posted its first primary budget deficit for the month of August in more than a decade, central bank data showed on Monday, pointing to a deterioration in the country's finances that is worrying investors and rating agencies.
Wednesday, October 2nd 2013 - 07:43 UTC
Dollar drought forces Argentina to extend whitewash law until December 31

Argentina’s President Cristina Fernández has decided to extend the deadline of the whitewash law until the end of December. The recently passed project expired on Monday with 341.5 million dollars entering the country.
Tuesday, October 1st 2013 - 20:40 UTC
Argentina’s squid fisheries policy “inconsistent and unsustainable” says expert

Argentina’s latest government’s decisions on squid fishing show that the country’s fisheries policy is “inconsistent and unsustainable,” according to the president of Assistance Food Argentina SA and director of Assistance Food America Inc., Dr. Cesar Augusto Lerena.
Tuesday, October 1st 2013 - 18:32 UTC
US Supreme Court possible action on Argentina/hedge funds case deferred a week

The US Supreme Court on Tuesday took no action on a landmark case pitting Argentina against creditors which could have deep repercussions for financially troubled governments and their creditors. The court had been expected to announce whether it would review the case, but it was not included in a list of cases accepted or denied for review that was released on Tuesday.
Tuesday, October 1st 2013 - 17:40 UTC
Falklands cruise season: Ushuaia warns “Gaucho Rivero” bill will be fully enforced

The “Gaucho Rivero” bill which bans the access of British flagged (red ensign) or convenience flagged vessels which call in the Falkland Islands remains fully in force for Ushuaia, said Marcelo Echazú, head of the Tierra del Fuego Tourism Institute, Infuetur, on announcing this year’s cruise season.
Tuesday, October 1st 2013 - 06:46 UTC
Cristina Fernandez and Mujica in a prudent silence over the pulp mill controversy

Argentine President Cristina Fernández met on Monday with her Uruguayan counterpart José Mujica after the pair inaugurated a new vessel belonging to the ferry company Buquebús, (which joins Montevideo with Buenos Aires), in order to discuss matters related to the controversial UPM pulp plant formerly known as Botnia.
Tuesday, October 1st 2013 - 04:12 UTC
Has Brazil blown it, asks The Economist; Who bets against Brazil, always loses, replies Dilma

Last week Brazil’s Dilma Rousseff reopened her official twitter, closed since January 2011 when she was inaugurated, but now a year ahead of elections has reappeared with the character “Dilma Bolada”, full of music, colour and satire. “Sou Linda, sou diva, sou Presidenta, Sou Dilma” is the slogan of her Facebook with over half a million fans in just a few days
Monday, September 30th 2013 - 21:40 UTC
The Shale Boom, Just Getting Started: Interview with Tyler Cowen

Thanks to the shale boom, markets already perceive the trade balance optimizing, energy prices are cheaper than they would otherwise be and we've even cut carbon emissions. And we are only getting started, according Tyler Cowen, New York Times best-selling author and one of the most influential economists of the decade.
Monday, September 30th 2013 - 19:31 UTC
Chile expects to harvest over 50.000 tons of walnuts, most for export in 2013/14

The walnut production in Chile has experienced a growth in the fiscal year 2013/2014, reports the German Agrarmarkt Informations-Gesellschaft (AMI) on its website. Not only the favourable weather conditions, but also the extension of the cultivation area in recent years has contributed to this.
Monday, September 30th 2013 - 19:06 UTC
Outgoing Piñera announces a 2014 tight budget for the next government

The Chilean government plans to raise spending 3.9% next year, the second-smallest increase since 2003 and below the central bank’s forecast for economic growth in 2014. The budget will focus on employment, education, crime, poverty, children, pensioners and infrastructure, President Sebastian Piñera said in a televised address without giving details.