Economy

Monday, September 23rd 2013 - 16:50 UTC
Venezuela takes over toilet paper factory in order to avoid “nationwide shortage”

The Venezuela government has temporarily taken over a toilet paper factory in order to avoid a nationwide shortage. The decision was implemented by the National Guard which took control of the ‘Manufacturas de Papel’ plant and authorities will now oversee and monitor its production.
Monday, September 23rd 2013 - 16:41 UTC
China/Venezuela cooperation agreements involving 20bn dollars including 5bn credit

Venezuelan President Nicolas Maduro and his Chinese counterpart, Xi Jinping, said they were committed to consolidating the strategic alliance between their two countries during a meeting in Beijing at which they signed a dozen cooperation and investment agreements worth 20 billion dollars.
Friday, September 20th 2013 - 20:58 UTC
JP Morgan-Chase pays hefty fine in the US and UK; former staff face criminal charges

US bank JP Morgan Chase has agreed to pay four regulators 920 million dollars relating to a 6.2bn loss incurred as a result of the “London Whale” trades. The settlement is the third biggest banking fine by US regulators, and the second largest by UK regulators. As part of the deal JP Morgan admitted violating US federal securities laws.
Friday, September 20th 2013 - 20:50 UTC
Argentine consumers’ inflation expectations for next twelve months above 30%

Argentines expect an inflation of 30% for the next twelve months despite a slight deceleration in prices which consumers admit in some periods of the current year according to the findings from the Di Tella University.
Friday, September 20th 2013 - 20:29 UTC
“Bellwether” Fed member says massive bond buying program could be tapered in October

The US Federal Reserve could still scale back its massive bond buying program at an October meeting should data point to a stronger economy, St. Louis Fed President James Bullard said on Friday. “October is a live meeting” he told Bloomberg television.
Friday, September 20th 2013 - 08:35 UTC
Lack of ‘tuning’ and a new historic reality, obstacles for EU/Mercosur trade talks

The lack of ‘tuning’ in trade affairs is not the only motive stalling the decade long Mercosur/European Union trade and cooperation discussions according to EU ambassador in Montevideo, Juan Fernandez Trigo who also included what he described as the ‘new historic reality’.
Friday, September 20th 2013 - 08:31 UTC
Argentina and Brazil address Mercosur and trade discussion with Europe

Argentina’s Hector Timerman and Brazil’s new Foreign minister Luiz Alberto Figueiredo Machado discussed a long agenda of common interest issues during a work meeting held in Buenos Aires, which included Mercosur, trade discussions with Europe, Unasur, Haiti and US cyber-spying in the region among other issues.
Friday, September 20th 2013 - 08:24 UTC
US corn exporters concerned with Mercosur competition in Venezuela

United States corn exporters are concerned with the fact that Venezuela, one of their prime markets, is now a full member of Mercosur, which includes Brazil and Argentina two major exporting countries.
Friday, September 20th 2013 - 08:10 UTC
Falklands and oil company discuss temporary port for exploration needs

Noble Energy Falkland Islands Ltd continue to negotiate with the Falkland Islands Government on the construction of a temporary port to the east of FIPASS prior to progressing the application for planning permission, the company’s representative in the Falkland Islands told Penguin News this week.
Friday, September 20th 2013 - 08:02 UTC
Brazil prepared to lower Mercosur tariffs at January’s review panel

Brazil's government is considering lowering import duties in the next planned review of regional bloc Mercosur tariffs, which is scheduled to take place in January, Trade Minister Fernando Pimentel announced this week.