Economy

Monday, April 10th 2017 - 05:58 UTC
Brazil's annual inflation drops to the lowest rate since 2010

Brazil's annual inflation eased to the lowest rate since 2010 and came very close to the government's long-missed target, leaving the door open for the central bank to accelerate the pace of interest rate cuts next week.
Saturday, April 8th 2017 - 10:14 UTC
US technically enjoying full employment; but job creation is slowing down

The US unemployment rate fell to its lowest in almost a decade in March, despite the economy adding a smaller than expected number of jobs. Employers added 98,000 jobs last month - far fewer than the 180,000 expected by economists and less than half the figure for January and February.
Friday, April 7th 2017 - 12:46 UTC
Brazil's trade surplus in March soared 61.2% to US$ 7.14bn

Brazilian exports outweighed imports by more than US$7 billion in March despite fears that the economy could be hard hit by the country's on-going meat scandal. The country recorded a US$7.14 billion trade surplus last month, the highest level on record for the country and a whopping 61.2% increase on the previous year.
Friday, April 7th 2017 - 12:36 UTC
Global prices fell in March amid large supplies and expected strong harvests

Global food prices monitored by FAO fell in March amid large available supplies and expectations of strong harvests. The FAO Food Price Index averaged nearly 171 points in March, marking a 2.8 percent drop from the previous month while remaining 13.4 percent above its level a year earlier.
Friday, April 7th 2017 - 10:39 UTC
Mercosur and Pacific Alliance summit will address potential convergence and Trump's protectionism

Mercosur and Pacific Alliance foreign ministers are scheduled to meet this Friday in Buenos Aires, on an Argentine initiative to advance in a possible political and trade confluence with the prospect of a regional alliance in the near future. The controversial Venezuela case will also be on the table, but attendants have anticipated that they won't let this issue dominate the agenda or cast a shadow on the purpose of the summit.
Friday, April 7th 2017 - 08:15 UTC
Massive stoppage in metropolitan Buenos Aires but with limited response in the rest of the country

Airlines in Argentina grounded international flights and riot police scuffled with protesters on Thursday as workers staged a general strike to protest job and pay cuts. Conservative President Mauricio Macri condemned the call to strike where he faces midterm legislative elections in October.
Thursday, April 6th 2017 - 14:59 UTC
UK services sector grows stronger than expected during March

Activity in the UK's dominant services sector rose at a faster-than-expected pace in March. The Markit/CIPS purchasing managers' index (PMI) for services rose to 55, compared with economists' expectations of a slight increase to 53.5. The services sector, which accounts for three-quarters of the UK economy, said business activity and new work grew at the strongest rate so far this year.
Thursday, April 6th 2017 - 12:53 UTC
Uruguay's March inflation finally drops to the Central bank target range

Consumer prices in Uruguay rose 0.68% in March, the government said in a statement on Wednesday, bringing the country's 12-month inflation rate to 6.81%. It was the first time since December 2010 that Uruguayan inflation was within the country's 3% to 7% target range.
Thursday, April 6th 2017 - 08:05 UTC
General strike in Argentina; Macri hosts the World Economic Forum

Workers are committed to a general strike in recession-hit Argentina on Thursday, drawing complaints from conservative President Mauricio Macri as he prepares to host leaders and business people for an economic forum.
Wednesday, April 5th 2017 - 20:59 UTC
Tesla electric car maker market value overtakes Ford; 2016 sales reached 76.000

Tesla's market value has overtaken that of Ford after shares in the electric car maker added more than 7%. At the close of trading Tesla had a market value of US$49bn, compared with Ford's value of US$46bn.