Economy

Friday, September 23rd 2016 - 09:28 UTC
Brazilian lawmakers in late night vote fail “to neutralize” Petrobras investigation

President Michel Temer criticized a surprise move by Brazilian lawmakers, including some members of his party and even a cabinet minister, to wipe the slate clean on illegal donations they allegedly received.
Thursday, September 22nd 2016 - 22:18 UTC
FAO forecasts higher harvest prospects for maize, wheat and rice

Staple food prices rose in August even as grain prices fell and the outlook for global cereal production improved. The FAO Food Price Index averaged 165.6 points in August, up 1.9% from July and almost 7% from a year earlier. The monthly jump was mostly driven by cheese and palm oil quotations, while those for wheat, maize and rice all fell.
Thursday, September 22nd 2016 - 22:08 UTC
BIS warns Chinese banking sector stress gauge three times above danger level

Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry's global watchdog. A key gauge of stress in the banking sector is now more than three times above the danger level, the Bank for International Settlements (BIS) said in its latest quarterly review.
Thursday, September 22nd 2016 - 15:38 UTC
Ex finance minister of Lula and Rousseff arrested in connection to Petrobras corruption

Brazilian police on Thursday arrested Guido Mantega, a former finance minister under presidents Lula da Silva and Dilma Rousseff, as part of the investigation into the vast Petrobras corruption scheme, media reported.However Brazilian Judge Sergio Moro later in the day revoked the temporary detention order citing Mantega's cooperation with a search of his home and his wife's surgery in a Sao Paulo hospital.
Thursday, September 22nd 2016 - 10:46 UTC
Aerolineas Argentinas could become profitable in four years time

Aerolineas Argentinas CEO revealed that the flag-carrier is increasing passenger numbers and could become profitable in four years but losses keep piling, an estimated one billion dollars this year, which comes upon a one to two million dollars daily losses during most of the decade.
Wednesday, September 21st 2016 - 21:53 UTC
Divided Fed leaves interest rates unchanged; strong hints of a December increase

The United States Federal Reserve pushed back plans to raise interest rates on Wednesday, a widely expected move following a series of mixed economic reports and varied signals from Fed officials. After its two-day policy meeting, the Federal Open Market Committee voted to hold the federal funds rate between 0.25% and 0.50%, citing progress in economic and labor market growth and an improving risk outlook.
Tuesday, September 20th 2016 - 13:01 UTC
Argentine makes compulsory Load Control Certificates for squid and shrimp

Argentina announced it has expanded the implementation of compulsory origin and legality certification for squid (Illex argentinus) and shrimp (Pleoticus muelleri) catches.
Tuesday, September 20th 2016 - 11:14 UTC
Temer's message to UN: peace, human rights and economic reforms

Twenty days after being confirmed as Brazil’s new president, Michel Temer will deliver his first international speech at the UN´s General Assembly on Tuesday. He is not expected to mention recent political changes in Brazil, and focus rather on new opportunities for foreign investors.
Tuesday, September 20th 2016 - 11:03 UTC
IMF rebuilding relations with Argentina

An IMF mission started on Monday a round of meetings with the purpose of rebuilding relations with Argentina, frozen for over a decade. The mission headed by economist Roberto Cardarelli began early Monday visiting the Argentine Industrial Union, UIA, the country's manufacturers main lobby.
Monday, September 19th 2016 - 11:50 UTC
Uruguay, Chile and Costa Rica with 60% household internet penetration

The State of Broadband 2016 report, released by the Economic Commission for Latin America and the Caribbean shows that 43.4% of all households in the region were connected to the Internet in 2015, nearly doubling the figure from 2010.