Economy

• Monday, August 8th 2016 - 11:00 UTC

  Argentines continue to support Macri despite disappointment with the economy

  

  Most Argentines are pessimistic about the country’s economic situation, but they are continuing to stand by Let’s Change (Cambiemos) leader President Mauricio Macri, a new poll by the San Andrés University (UdeSA) has found.

• Monday, August 8th 2016 - 10:49 UTC

  US economy adds 255.000 jobs in July: unemployment remains at 4.9%

  

  The US economy added a stronger-than-expected 255,000 jobs in July, fuelling speculation that interest rates could rise before the end of the year. The figure was below June's upwardly revised figure of 292,000 jobs, but was far higher than analysts' forecasts of between 175,000 and 180,000. However US unemployment rate remained unchanged at 4.9%.

• Friday, August 5th 2016 - 20:54 UTC

  Cuba admits Venezuelan recession is hitting hard: Chavist oil shipments down 20%

  

  Venezuela’s grim situation is impacting not only millions of households around the country: it is also sending panic waves across the Caribbean all the way to Cuba, a solid ally that for decades now has relied heavily on Chavismo’s generosity.

• Friday, August 5th 2016 - 13:24 UTC

  Argentina squid landings very poor; jiggers could anticipate closure of the season

  

  Argentina reports poor results from the current Illex squid season and does not discard an anticipated closure if catches fail to recover. The president of the Argentine Chamber of Jigger Fishing Shipowners (CAPA), Juan Redini confirmed to the portal Pescare that only five to six vessels remain operational between parallels 40° and 42°, but with erratic course and catches.

• Friday, August 5th 2016 - 12:18 UTC

  Moody's lowers Uruguay's banking system outlook to negative: inflation remains main challenge

  

  Moody's has lowered its outlook on Uruguay's (Baa2 negative) banking system to negative from stable on the expectation that asset risks will rise moderately as challenging economic conditions weigh on consumers and businesses alike, and profitability will decline.

• Friday, August 5th 2016 - 12:07 UTC

  UK admits economy contraction and announces a bold package of stimulus measures

  

  The Bank of England has unveiled a series of stimulus measures in the wake of Brexit, including its first interest rate cut since the global financial crisis (2009), as it tries to jumpstart an economy shocked by Britain’s vote to leave the European Union.

• Friday, August 5th 2016 - 12:04 UTC

  Brazil´s unemployment reaches 11.3%; only two years ago it stood at 6.5%

  

  Brazil's unemployment rate rose to 11.3% in the second quarter, statistics agency IBGE said, hitting a four-year high as Latin America's largest economy struggles with a crippling recession. In a sign that Brazil's labor market faces even tougher times, economists surveyed expect the unemployment rate will not start falling until 2018.

• Thursday, August 4th 2016 - 22:59 UTC

  FAO Price Index reports modest decline in July as grains and vegetable oils drop

  

  The international prices for major food commodities saw a modest decline in July, following five consecutive months of increases. The FAO Food Pice Index (FPI) averaged 161.9 points in July 2016, slipping 0.8 percent (1.3 points) below its level in June and 1.4 percent below its level of July 2015.

• Tuesday, August 2nd 2016 - 06:35 UTC

  Temer hails beef agreement with the US; expects sales to reach US$ 1b next year

  

  Brazil's acting president, Michel Temer, on Monday hailed the opening of the U.S. market to Brazilian beef, saying that it will help create new jobs and will expand trade for Latin America's largest economy.

• Tuesday, August 2nd 2016 - 06:24 UTC

  UBS optimistic about evolution of Brazilian economic activity in second half of 2016

  

  Things are looking up for the Brazilian economy - but it won't be due to the Olympic games starting this week, according to a UBS report published last Friday.