Economy

• Friday, July 6th 2012 - 01:48 UTC

  Brazil’s use of installed industrial capacity falls for a fourth consecutive month

  

  Brazil's use of installed industrial capacity fell for a fourth consecutive month in May, alongside a decline in industrial sales during the period, Brazil's National Confederation of Industries, or CNI, said Thursday.

• Friday, July 6th 2012 - 01:32 UTC

  “Leaving the Euro; a practical guide” wins the 2012 Wolfson Economics Prize

  

  Economic research company Capital Economics has won the 2012 Wolfson Economics Prize, which is the second biggest prize in economics after the Nobel Prize.

• Thursday, July 5th 2012 - 22:30 UTC

  Argentina further tightens “dollar clamp”, bans all greenback’ purchases for savings

  

  The Argentine Central Bank announced on Thursday it will officially ban the purchase of dollars for savings, the latest in a series of measures to discourage the buying of greenbacks.

• Thursday, July 5th 2012 - 22:25 UTC

  Bank of England pumps further £50 billion to the economy; total stimulus £375 bn

  

  The Bank of England has announced on Thursday it will pump a further £50bn into the UK economy over the next four months through its quantitative easing (QE) program to try to help the economy.

• Thursday, July 5th 2012 - 22:22 UTC

  ECB lowers interest to record low 0.75%; pushes banks to lend by cutting overnight rate to zero

  

  The European Central Bank cut its key interest rate by a quarter percentage point Thursday to a record low 0.75% to try to help ease Europe’s financial crisis, boost its sagging economy and restore confidence.

• Thursday, July 5th 2012 - 22:20 UTC

  China cuts interest rate a week ahead of next week’s release of second quarter stats

  

  China's central bank cut interest rates for the second time in two months to bolster an economy widely expected to record its sixth successive slide in growth in April-June.

• Thursday, July 5th 2012 - 08:14 UTC

  Roaring inflation: Argentine “double zero” peso bills are “legal tender”

  

  An issue of Argentine 100 Pesos bills printed in Brazil and in circulation in Buenos Aires was discovered to be missing the “1” which left them with only the double 00.

• Thursday, July 5th 2012 - 08:06 UTC

  Paraguay's Destructive Soy Boom

  

  By Jeremy Hobbs - The following column was published in The New York Times Opinion page.
  It gives another side of the current situation in Paraguay, and the role the landlocked country plays as a leading exporter of the oilseed.

• Thursday, July 5th 2012 - 07:51 UTC

  Argentina’s top 20 banks will have to lend for investment, says CFK

  

  In a further attempt to prop the economy and promote investment funding Argentine President Cristina Fernández, CFK, announced on Wednesday that via the Central Bank, “the twenty A-class banks in the country will be obligated to give out loans,” in order for investment to be made on goods and services.”

• Thursday, July 5th 2012 - 07:47 UTC

  Homes, offices and shops to be built at London’s iconic Battersea power station

  

  A consortium led by Malaysia's SP Setia Bhd has bought London's iconic Battersea power station for 400 million pounds ($623 million) and will redevelop the site into homes, offices and shops, the agents managing the sale said.