Economy

Thursday, April 18th 2013 - 02:47 UTC
IMF admits price-asset bubbles tells Latam financial sector ‘to keep their guard up’

The International Monetary Fund (IMF) stated on Wednesday that both financial and banking sectors in Latin America “should keep their guards up” before the recent and fast growth of the credit, though the lender doesn’t see any overheat of the region’s economy.
Wednesday, April 17th 2013 - 07:47 UTC
A year on YPF’s seizure, Argentina’s energy challenge remains equally strong

Argentina’s President Cristina Fernández takeover of YPF to pare energy imports is backfiring and threatening to narrow the country’s trade surplus needed to pay debt, according to a report from Bloomberg.
Wednesday, April 17th 2013 - 07:43 UTC
India’s exports to booming Colombia have crossed the billion dollar mark

By R. Viswanathan - Yes. India's exports to Colombia have crossed the billion dollar mark, reaching 1.124 billion dollars in 2012. Colombia is the third biggest destination of India's exports to Latin America after Brazil and Mexico.
Wednesday, April 17th 2013 - 07:35 UTC
Argentine farmers expected to plant more wheat this coming season

Argentina will plant more wheat this season than last year because of farmer-friendly adjustments to the government’s export policy and the bad luck that growers had last season with alternative crops such as barley, a key grain exchange said.
Wednesday, April 17th 2013 - 07:33 UTC
Austria keeps to bank secrecy and demands UK and US shed light on their tax havens

Austria vowed to stick to its bank secrecy laws, defying renewed pressure to follow Luxembourg in revealing information on European Union depositors and criticized the United States and Britain for permitting tax havens.
Wednesday, April 17th 2013 - 01:59 UTC
IMF estimates Argentine economy will expand 2.8% this year and 3.5% in 2014

The IMF estimates the Argentine economy is to grow by 2.8 % this year, exceeding estimations by private-sector analysts but below the 4% average set by the country’s forecasted budget. IMF 2014 projections for Argentina reach 3.5 % with renewed inflation and trade restrictions’ claims.
Tuesday, April 16th 2013 - 05:55 UTC
‘The Argentine joke’ and Cristina Fernandez as Pinocchio, headlines of Brazil’s influential magazine Veja

One of Brazil’s most influential magazines and with the largest circulation, Veja, included a controversial piece which questions Argentina’s economic and social statistics than come under the responsibility of the non less famous Indec.
Tuesday, April 16th 2013 - 03:32 UTC
Investors dumping precious metals: gold fall the biggest since 1980

Gold futures plunged more than 9% on Monday, marking the biggest one-day percentage fall in 30 years and extending losses over the past two sessions to more than 13%, as the precious metal pushed deeper into bear market territory. The June contract for gold settled at 1,361.10 dollars an ounce on the Comex division of the New York Mercantile Exchange, 140.30 or 9.3% lower than the previous session's close.
Monday, April 15th 2013 - 11:36 UTC
Growing frustration and recriminations in Uruguayan cabinet over economic policy

Relations inside the Uruguayan cabinet remain tense with some ministers in non-talking terms even when President Jose Mujica cancelled the Monday full ministerial turnout for three specific areas, security, social affairs and production meetings, which function every two weeks.
Monday, April 15th 2013 - 06:39 UTC
Capriles won’t accept presidential result until “every vote is recounted, one by one”

Denouncing election irregularities, Venezuelan opposition candidate Henrique Capriles Radonski demanded a recount and said early Monday that he will not recognize the country's presidential results ”until every vote is counted”. His comments came less than an hour after officials said the man former Venezuelan President Hugo Chavez handpicked to be his successor had won the country's presidential vote.