Economy

Wednesday, August 26th 2015 - 06:46 UTC
Brazil economy to contract 2.06% and 0.24% next year, says Central bank survey

Analysts expect Brazil's economy to contract by 2.06% this year, with the inflation rate coming in at 9.29%, the Central Bank said Monday. GDP estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.
Wednesday, August 26th 2015 - 06:08 UTC
China gives banks more leeway and pumps liquidity to the system

China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe.
Wednesday, August 26th 2015 - 06:00 UTC
Shell given a foothold at Argentina's vast shale resources in Neuquén

Anglo-Dutch energy giant Shell made a stride forward in its push for part of Argentina’s nascent shale oil pie after the Neuquen province government gave it the rights to exploit two unconventional oil areas in the much-coveted Vaca Muerta region for the next 35 years.
Tuesday, August 25th 2015 - 20:13 UTC
Rousseff planning to cut 10 of 39 ministries as commitment to austerity

Brazil's government announced on Monday it will slash the number of ministries and reduce its spending, in an effort to show commitment to austerity that could be politically costly for President Dilma Rousseff.
Tuesday, August 25th 2015 - 14:41 UTC
China dependent Latin American markets and currencies plunge on Monday

Stock markets around Latin America posted heavy losses Monday as plunging Chinese shares unleashed fresh turmoil on global markets. In Brazil, home to the region's largest stock exchange, the IBOVESPA index in Sao Paulo closed down 3.03%, after plunging 6.49% in opening trade.
Tuesday, August 25th 2015 - 13:32 UTC
Shanghai Composite down on Tuesday, but European markets rebounding

Shares in London and elsewhere in Europe rebounded at the start of trading on Tuesday, despite another night of steep falls for the Chinese stock market. The FTSE 100 rose 1.6% to 5,994.11, while Germany's Dax and Paris Cac were both up about 1.4%. The gains came after Chinese stocks continued their run of big losses.
Monday, August 24th 2015 - 10:24 UTC
Tierra del Fuego inflation in July, 1,5% and 28.2% in the last twelve months

The Consumer Price Index in Argentina's Tierra del Fuego province reached 1.5% in July and 28.2% in the last twelve months, according to the province's Stats and Census office.
Monday, August 24th 2015 - 09:56 UTC
Chinese shares fall sharply on Monday; IMF says it's a “necessary adjustment”

Chinese shares continued their sharp fall on Monday as concerns over the country's slowing growth and volatile markets sparked panic among traders. The mainland benchmark index, the Shanghai Composite, fell sharply by 8.4% to 3,211.75 points, extending last week's losses.
Monday, August 24th 2015 - 09:13 UTC
Carlitos Tevez shocked with poverty, causes an uproar in Argentina

The Argentine football star Carlos Tevez, who played in England, Italy and is now back in Argentina caused a major uproar when during a television interview he said that in the northern province of Formosa he had come across poor people who were literally 'dead hungry'.
Saturday, August 22nd 2015 - 08:16 UTC
World markets plunge on fears of a China-led global slowdown

The S&P 500 suffered its biggest daily percentage drop in nearly four years and the Dow confirmed it had entered into correction territory as fears of a China-led global slowdown rattled investors around the world.