Economy

• Thursday, January 14th 2016 - 06:01 UTC

  Riots in Sao Paulo as police disperses protestors over rising transport fares

  

  Sao Paulo police on Tuesday night fired tear gas and stun grenades to disperse protesters upset over rising transport fares, sparking memories of the 2013 street clashes in Brazil, this year's Olympic host. Riot cops wanted to prevent demonstrators from moving from the spot where they were gathered at one end of the city's major Paulista Avenue.

• Thursday, January 14th 2016 - 05:48 UTC

  Rio mayor confident the city has the funds to host the 2016 Olympic Games

  

  The mayor of 2016 Olympic host city Rio de Janeiro insisted authorities had the finances to avoid disruption to the summer Games despite Brazil’s recession. Latin America's largest economy is suffering from a deep recession and soaring inflation -- a contrast to the boom times of 2009, when Rio won the right to host the Olympics.

• Wednesday, January 13th 2016 - 08:16 UTC

  Airbus delivered 635 planes last year, but was below Boeing's record

  

  Airbus delivered a record number of planes in 2015 but failed to dethrone Boeing as the world's biggest aircraft manufacturer. The European company delivered a record 635 planes last year, compared with a tally of 762 jets for Boeing.

• Wednesday, January 13th 2016 - 08:11 UTC

  Brazil agribusiness exports, the locomotive of foreign trade

  

  Brazil's total agricultural exports slid 8.8% to US$88.2 billion in 2015, compared to the previous year, despite record sales of soybeans, corn, chicken, coffee and cellulose, officials said. The drop in sales was caused by falling prices for the commodities Brazil sells on the global market, Foreign Agribusiness Relations Secretary Tatiana Palermo said.

• Tuesday, January 12th 2016 - 06:25 UTC

  Chile seaweed exports net 209 million dollars in nine months

  

  Seaweed exports from Chile reached 209 million dollars in the first nine months of the year, which is 16.4% below the same period in 2014.According to the latest Boletín de Exportaciones Pesqueras y de Acuicultura de Chile, (Fisheries and Aquaculture exports report) prepared by the Economy Department of the Fisheries Development Institute (IFOP), the contribution of these products to total income received from the sector's exports was 5%.

• Tuesday, January 12th 2016 - 01:40 UTC

  As copper prices slide, the US dollar in Chile climbs to its highest value since 2003

  

  The US dollar reaffirmed its value in the Chilean money exchange market during the first week of the year, trading in the commercial sector at an average of 728 Pesos, almost at its highest level of 735 twelve years ago, 31 March 2003.

• Monday, January 11th 2016 - 13:45 UTC

  VW sales drop for the first time in eleven years following the emissions scandal

  

  German carmaker Volkswagen has posted its first drop in VW brand sales in 11 years as the company continues to cope with its emissions scandal. Sales of VW brand cars fell 4.8% in 2015 to 5.82 million cars from 6.12 million a year earlier. Falling demand in China and US added to the losses as orders fell in December.

• Monday, January 11th 2016 - 13:36 UTC

  Boeing king of the skies: record 762 planes delivered last year

  

  Boeing looks to have cemented its position as the world's biggest aircraft manufacturer after delivering a record 762 planes last year. The figure exceeds Boeing's previous forecast that it would deliver between 755 and 760 aircraft.

• Monday, January 11th 2016 - 12:51 UTC

  Argentina's financial agenda: talks with holdout funds and farmers' dollars

  

  A challenging financial week takes off for Argentina's new administration of president Mauricio Macri: on the one hand Argentine farmers have to keep their part of the deal by providing the central bank with 400 million dollars a week, and on the other the long-awaited debt talks are expected to resume in New York next Wednesday with United States hedge funds suing Argentina over defaulted sovereign bonds.

• Saturday, January 9th 2016 - 11:29 UTC

  Brazilian industry contracts 12.4% in the year to November; auto production down 23%

  

  Brazilian industry contracted in November, breaking all negative estimates as the country’s worst recession in decades deepened. Industrial production declined 2.4% from October in seasonally adjusted terms and 12.4% from November 2014, the Brazilian Institute of Geography and Statistics, or IBGE, said.