Economy

Wednesday, July 31st 2013 - 05:49 UTC
In Mexico, Latam second largest economy over half the are catalogued as poor

Poverty in Mexico, including extreme cases, decreased slightly between 2010 and 2012, reported the National Council for Evaluation of Social Development Policy. Official stats show that poverty in Mexico, Latam’ second largest economy went from 46.1% of the population in 2010 to 45.5% in 2012, while extreme poverty fell from 11.3% to 9.8%.
Wednesday, July 31st 2013 - 05:35 UTC
Falklands' Sea Lion project outstands in Premier Oil exploration opportunities

Premier Oil, the British North Sea's oldest company outside the oil majors, is turning away from the region for future exploration opportunities such as the Catcher and the Sea Lion project in the Falkland Islands, according to a report published by Reuters.
Wednesday, July 31st 2013 - 05:26 UTC
Canadian town evicts oil sands companies that helped it grow

The Canadian town of Fort McMurray, population 76,000, is the heart of Alberta's oil sands largesse--but the town is bursting at its seams with nowhere to expand because the land surrounding it is owned by oil companies.
Tuesday, July 30th 2013 - 03:50 UTC
“The party is over” for Latam countries China-dependent on their exports

“The party is over” and Latinamerican countries should be concerned since the Chinese economy is slowing down, apparently entering a low growth period and many in the region have become notoriously ‘China-dependent’ after a decade of strong expanding sustained bilateral relations.
Tuesday, July 30th 2013 - 03:07 UTC
Uruguay needs ‘a dollar at 25 Pesos’ if it wants to remain competitive warn economists

Uruguay is too expensive in dollar terms and needs to adapt quickly because the adjustment will come anyway ‘and will be painful’ unless inflation is brought under control and costs equilibrium is reached with Brazil with a competitive dollar at 25 Pesos.
Tuesday, July 30th 2013 - 03:03 UTC
Eclac joins the club of Argentine government official stats disbelievers and says inflation is 20.5%

Following on the steps of the IMF (and World Bank) which has strongly questioned Argentine official stats (mainly inflation and GDP growth), the United Nations Economic Commission for Latin America and the Caribbean, Eclac, also joined the club of disbelievers since in its last report on the regional economy appealed to other stats’ sources.
Tuesday, July 30th 2013 - 02:48 UTC
Argentine auto-manufacturing boosts June and half year industrial production stats

Boosted by auto and metal-mechanic manufacturing industrial production in Argentina during June increased 3.8% compared to the same month a year ago, according to the latest release from Indec. Since April and May were also positive this means that the second quarter was up 3.5% over a year ago.
Tuesday, July 30th 2013 - 02:23 UTC
EU and China reach an ‘amicable solution’ on solar panel imports

The European Commission says it has reached “an amicable solution” with Beijing in a row over imports of Chinese solar panels. Both sides have agreed a minimum price for the panels, EU Trade Commissioner Karel De Gucht said.
Monday, July 29th 2013 - 22:25 UTC
Norway media question why Oslo is not collaborating with South Georgia rat eradication campaign

An ambitious multi-national move to reduce the rat population on the island of South Georgia has yielded results despite no Norwegian government funding underlines an Oslo media recalling the close relations of the Scandinavian country with the extreme south island and sixty years of whaling.
Monday, July 29th 2013 - 21:48 UTC
US power regulator after JP Morgan Chase for market manipulation

The US power regulator outlined its case of market manipulation against JPMorgan Chase & Co as industry sources said a final settlement on the issue should come on Tuesday. Traders used improper bidding tactics in California and the Midwest to boost profits, officials said in a statement that brought to light some details of an extensive investigation.