Economy

• Wednesday, September 4th 2013 - 01:31 UTC

  Brazilean production in all four industry categories down in July

  

  Brazilian industrial output was down 2% in July from June this year. The information was released this Tuesday in the Monthly Industrial Survey by the Brazilian Institute of Geography and Statistics IBGE.

• Wednesday, September 4th 2013 - 01:26 UTC

  Brazil's inflation tendency again picks up as food and transport prices rebound

  

  Brazil’s twelve-month inflation ended August at its lowest level this year, according to a central bank survey of fourteen economists. This means the 12-month IPCA consumer-price index is likely to weigh in at 6.10% for August, down from 6.27% at the end of July.

• Wednesday, September 4th 2013 - 00:36 UTC

  Food, education and healthcare rising prices keep Uruguay’s inflation out of target

  

  Uruguay’s inflation in August kept climbing and reached 1.04%, totalling 6.74% in the first eight months of the year and 8.86% in the last twelve months, which is well above the Central bank target of 4% to 6%, according to the latest report from the local Statistics Office, INE.

• Tuesday, September 3rd 2013 - 23:45 UTC

  Leading industrialist tells Cristina Fernandez to abide by the rules of democracy, otherwise it is ‘Chavism’

  

  Deputy Chairman of the Argentine Industrial Union (UIA) Cristiano Ratazzi said that President Cristina Fernández “should leave office once her term ends” because those are the rules of democracy, otherwise it is ‘Chavism’.

• Monday, September 2nd 2013 - 20:02 UTC

  Uruguay no longer a magnet for Argentine funds looking for real estate investments

  

  Uruguay has ceased to be the magnet for Argentine funds looking for safe places to save and real estate investments since the Argentine revenue service AFIP, following on the neighbouring countries tax-data exchange agreement, could have access to that information, according to Uruguayan private financial and investment advisors.

• Monday, September 2nd 2013 - 19:49 UTC

  Argentine officials admit inflation is higher than the official release from Indec

  

  President Cristina Fernandez Victory Front’s parliamentary candidate for next October mid-term election, Martín Insaurralde admitted on Monday that inflation rate is higher than the one released by INDEC statistics agency although the agency is “transparent” and “must readjust to times and realities.”

• Saturday, August 31st 2013 - 15:30 UTC

  Falklands’ lawmaker arrives in Uruguay to inform on business opportunities in the Islands

  

  Falkland Islands member of the Legislative Assembly Dick Sawle will be in Montevideo 2-6 September, after spending a week in Brazil involved in business, academia and informal political contacts sponsored by the Foreign Office. In Uruguay according to the official release MLA Sawle will inform about business opportunities with the Falklands and to strengthen the historical ties with Uruguay.

• Saturday, August 31st 2013 - 15:27 UTC

  Uruguay fearing the wrath of Cristina Fernandez denies authorization to expand pulp mill capacity

  

  The Uruguayan government fearful of Argentine President Cristina Fernandez’s reaction will not authorize the local UPM pulp mill to expand its production capacity from 1 million to 1.3 million tons annually, in the short term, according to company and government sources.

• Saturday, August 31st 2013 - 02:01 UTC

  Sigh of relief for Mantega: Brazilian economy expands 1.5% in second quarter

  

  Brazil’s economy expanded 1.5% in the second quarter of 2013 compared with the previous three month, exceeding the most optimistic market expectations, official statistics showed Friday. The farm sector fared best, growing 3.9%, followed by industry with 2% and services 0.8% according to the Brazilian Institute of Geography and Statistics (IBGE) website.

• Saturday, August 31st 2013 - 00:44 UTC

  Falklands’ first oil delayed as cost alternatives are considered

  

  Premier Oil exploring for oil in the Falkland Islands said the company is studying cost alternatives to its drilling operations and crude extracting sub-sea architecture for the development of the Sea Lion project, which could delay the original chronogram for first oil.