Economy

• Thursday, September 17th 2015 - 08:54 UTC

  Argentine magistrate orders Executive to release poverty figures; government says judge is 'meddling'

  

  An Argentine magistrate ordered the Executive to present official reports on the extent of poverty and indigence in the country, figures which allegedly the much questioned stats office, Indec ceased to release almost two years ago. However cabinet chief Anibal Fernandez ironically downplayed the order arguing the judge was 'meddling' in something she does not know.

• Thursday, September 17th 2015 - 08:46 UTC

  Embattled Rousseff argues countries are not defined by their credit ratings

  

  Embattled and leaner Brazilian President Dilma Rousseff said on Wednesday that a country is not defined by its credit rating, downplaying Standard & Poor's decision to assign junk status to Latin American largest economy's sovereign debt.

• Thursday, September 17th 2015 - 08:32 UTC

  Appeals court hands victory to Argentina in bonds dispute; questions Judge Griesa's 'class' expansion

  

  A United States federal appeals court handed Argentina a victory Wednesday in its quest to relieve itself of the pressures of debt owed to American hedge funds and others, saying a judge went too far by letting some bondholders demand payment without proving how much they are entitled to be paid.

• Wednesday, September 16th 2015 - 09:45 UTC

  Rousseff's latest austerity measures, 'hard to pass' warn congress leaders

  

  President Dilma Rousseff's latest austerity plan to rescue Brazil's sinking economy faced a cold reception Tuesday, with Congress raising questions over whether the measures will win approval. The speaker of the lower house of Congress and one of Rousseff's chief foes, Eduardo Cunha, dismissed the measures as “pseudo cuts” and predicted they would not easily pass.

• Wednesday, September 16th 2015 - 09:18 UTC

  OPEC refuses to cut output pushing higher-cost oil producers out of the market

  

  The monthly report from the Organization of the Petroleum Exporting Countries said a weaker outlook for China would contribute to slower global oil demand growth next year. “U.S. oil production has shown signs of slowing,” OPEC said in the report. “This could contribute to a reduction in the imbalance of oil market fundamentals, however, it remains to be seen to what extent this can be achieved in the months to come.”

• Wednesday, September 16th 2015 - 08:04 UTC

  History made as first ever plane lands at St Helena: day to remember 09/15/2015

  

  History was made on St Helena at 13.50hrs GMT Tuesday 15 September 2015, as a Beechcraft King Air 200 aircraft arrived from Angola and touched down at St Helena’s new Airport, prior to conducting a series of calibration flights.

• Tuesday, September 15th 2015 - 10:22 UTC

  Beijing prepared to privatize huge state companies sector, but “strengthening party leadership”

  

  Beijing has unveiled its long-awaited blueprint for restructuring its mammoth state enterprise sector, including partial privatization, as data pointed to a cooling in the world's second-largest economy.

• Tuesday, September 15th 2015 - 10:13 UTC

  Brazil announces measures to balance budget; it includes controversial tax on financial transactions

  

  Brazil's government announced on Monday spending cuts and tax increases totaling 65 billion Reais ($16.9 billion) as it races to close a budget deficit that led to a downgrade of the country's credit rating last week.

• Tuesday, September 15th 2015 - 10:06 UTC

  Tierra del Fuego August inflation, 2.3% and 28.4% in the last twelve months

  

  The consumer price index in Tierra del Fuego, extreme south of Argentina climbed 2.3% in August, totaling 17.4% in the first eight months and 28.4% in the last twelve months, according to the province's stats and census office.

• Saturday, September 12th 2015 - 11:27 UTC

  First landing ever in St Helena airport scheduled for next week as part of calibration flights

  

  A historic milestone is set to be reached next week when a Beechcraft King Air 200 aircraft is due to land at the new St Helena Airport to carry out a series of calibration flights. This will be the first aircraft to land on St Helena, the island in the middle of the Atlantic Ocean.