Economy

Saturday, October 31st 2015 - 06:42 UTC
Unemployment in recession-hit Brazil climbing: 8.8 million looking for jobs

Unemployment in recession deep Brazil climbed to 8.7% of active population in the quarter ending last August, the government said Thursday. The indicator shows a steep hike from the 6.9% recorded in August 2014, according to statistics of the National Study of Households (PNAD), published by the state Brazilian Institute for Geography and Statistics (IBGE).
Friday, October 30th 2015 - 08:09 UTC
New Zealand rejects controversial sale of iconic dairy farm to Chinese company

Chinese conglomerate Shanghai Pengxin Group has been on a buying spree ever since it entered New Zealand in 2011. The food giant has bought 29 farms through local subsidiaries to become the country's third largest dairy producer.
Friday, October 30th 2015 - 07:39 UTC
US growth slows sharply in the third quarter; consumer spending strong at 3.2%

United States growth slowed sharply in the third quarter of the year. GDP grew at an annualized pace of 1.5% between July and September, according to the Department of Commerce, down from 3.9% in the second quarter. The slowdown was partly due to companies running down stockpiles of goods in their warehouses.
Friday, October 30th 2015 - 07:35 UTC
Venezuela central bank gold holdings drop 19% in four months

Venezuela central bank gold holdings declined in value by 19% between January and May, according to its financial statements, likely reflecting gold swap operations and lower bullion prices. The country has been struggling with stagflation due to low oil prices and a collapsing state-led economic model, holds a considerable portion of its monetary reserves in gold.
Friday, October 30th 2015 - 06:37 UTC
Falklands' Humpback well finds non-commercial quantities of oil and gas

Humpback is the first well to encounter oil in the potentially larger systems in deeper waters off the southeast of the Falkland Islands; however the oil and gas across a number of reservoir targets in the well drilled to a depth of 5.136 meters, were in non-commercial quantities.
Thursday, October 29th 2015 - 07:32 UTC
Fed rates unchanged; fears of monetary easing in EU, Japan and China, and inflation still below 2%

The US Federal Reserve kept interest rates unchanged on Wednesday, but downplayed global economic headwinds and left the door open to tightening monetary policy at its next meeting in December.
Thursday, October 29th 2015 - 06:39 UTC
Argentina's dollar clamp intensifies following on Sunday's election results

Argentina on Tuesday halved the daily amount of dollars companies can transfer abroad without authorization, currency traders said, while the country's insurance regulator put new limits on the amount of hard currency assets insurers can hold.
Tuesday, October 27th 2015 - 07:43 UTC
Japanese company acquires part of Petrobras gas distribution unit

Japan-based Mitsui has signed an agreement with Petrobras for partial acquisition of shares in the latter's natural gas distribution unit Petrobras Gás (Gaspetro) for about R$1.9bn ($489m).
Tuesday, October 27th 2015 - 07:04 UTC
Argentina's markets trade higher the 'day after' Sunday's elections

Argentina's financial markets traded higher on Monday after opposition and pro market candidate Mauricio Macri's surprisingly strong showing in presidential elections forced as second vote on 22 November.
Sunday, October 25th 2015 - 10:43 UTC
Tierra del Fuego inflation in September jumped 1.2% and 25.1% in 12 months

September inflation in the Argentine extreme south province of Tierra del Fuego reached 1.2% and 18,8% in the nine months of the year, and 25.1% in the last twelve months according to the provincial stats and census office.