Economy

• Monday, July 8th 2013 - 07:06 UTC

  Teamsters bring Argentina to a stop and challenge fiscal policy and income tax

  

  Argentina’s teamsters union headed by the powerful leader Hugo Moyano, a former ally of the government and currently one of her most aggressive adversaries, has declared a national strike on Monday which in practical terms means the country is in full campaign ahead of the mid term October election when President Cristina Fernandez will try by all means to retain control over Congress.

• Monday, July 8th 2013 - 06:46 UTC

  Over a third of Argentine population in poverty conditions says food and nutrition report

  

  At least 17.8% of the Argentine population lives in indigence conditions, taking as reference a ‘Healthy Food Basket’ which estimates family monthly needs in 3.700 Pesos which is more that five times the official stats office Indec reference sum of 730 Pesos.

• Monday, July 8th 2013 - 04:10 UTC

  South Georgia government issues coin depicting a Weddell Seal pup

  

  The South Georgia & South Sandwich Islands Government has released a Pobjoy Mint new coin that depicts a Weddell Seal pup. The species is native to Antarctica and lives further south than any other mammal.

• Saturday, July 6th 2013 - 06:44 UTC

  US economy adds more jobs than forecasted; markets looking at the Fed’s reaction

  

  The US economy added a net 195,000 new jobs in June, official figures show. The figure was well above economists' expectations of 165,000. Revisions to data for April and May added a further 70,000 jobs to previous estimates. This means the jobless rate remained steady at 7.6% of the workforce, according to data from the Bureau of Labour Statistics.

• Friday, July 5th 2013 - 23:52 UTC

  Brazil cuts spending determined to ensure 2.3% primary surplus, pledges Mantega

  

  Brazil announced on Friday it will immediately cut government spending by 6.65 billion dollars to balance the budget and achieve the goal of a primary fiscal surplus of 2.3% of GDP. The decision is seen as a strong signal to recover investors’ confidence following weeks of turmoil and poor performance of the economy.

• Friday, July 5th 2013 - 23:41 UTC

  Bachelet and Longueira will dispute the Chilean presidency next November

  

  Chilean president Sebastián Piñera congratulated former president Michelle Bachelet and ex Economy minister Pablo Longeuira who emerged as winners in the two main coalition’ primaries held last Sunday, the first time such an event takes place in the country.

• Friday, July 5th 2013 - 23:35 UTC

  Brazil’s growth refuses to take off, despite all of government incentives

  

  Brazil’s industrial output fell 2% in May after jumping a revised 1.9% in April, the national statistics agency announced this week in Rio de Janeiro. The fall was greater than forecasted but still was 1.4% above a year ago. However as the government or President Dilma Rousseff struggles to fight inflation, the latest data complicates the strategy to prop growth.

• Friday, July 5th 2013 - 06:58 UTC

  Falklands’ on-shore storage for construction of oil flow lines to develop Sea Lion project

  

  Bundled or reeled production flow lines could be constructed on-shore the Falkland Islands for Premier Oil, the UK independent company that is developing the Falklands Sea Lion project and expected to demand an investment of 5 billion dollars with first oil expected sometime in 2017.

• Friday, July 5th 2013 - 06:52 UTC

  Falklands assesses impact of hundreds of new jobs as it develops the oil and gas industry

  

  A more permanent integrated type of immigration for the Falkland Islands is a strong message that has come out of a consultation with Falklands residents, in the preparation for a socio-economic study of oil and gas development in the South Atlantic British Overseas Territory.

• Friday, July 5th 2013 - 03:45 UTC

  Argentina prepares to confiscate wheat stocks to ensure bread supply at ‘normal prices’

  

  Argentina Domestic Commerce Secretary, Guillermo Moreno has given mills and exporters until Friday to normalize the wheat market which has been under stress with bread prices doubling in the last month, and farmers’ complaining about the worst harvest in decades because of government policies.