Economy

• Thursday, October 15th 2015 - 20:16 UTC

  China to continue expanding its influence in the oil and gas sector

  

  Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the US. China also made large investments in Saudi Arabia's oil refining industry as well. But China's oil investments didn't stop there; they also pursued oil producing Canadian assets in 2011/12.

• Thursday, October 15th 2015 - 07:10 UTC

  Argentine September inflation 1.92% and 25.91% in last twelve months

  

  September inflation in Argentina was 1,92% and reached 25.91% in the last twelve months according to the monthly report from opposition members of Congress, which is based on the average of the country's leading private consultants. Later this week the official Indec rate is expected to be announced, systematically lower than that of the so called Congress index.

• Wednesday, October 14th 2015 - 11:40 UTC

  US hedge fund threatens to sue Peru on defaulted bonds from 1980s

  

  A US hedge fund has threatened to sue Peru over bonds issued by the country's former military regime. Connecticut-based hedge fund Gramercy purchased the defaulted debt at a discount in 2008 after other bondholders failed to reach a deal.

• Wednesday, October 14th 2015 - 11:00 UTC

  Global banks warn net outflows from emerging markets close to $800 billion

  

  After a week of discussions at the annual IMF assembly in Peru, bankers and policy makers agreed that stemming the rush of investments from emerging markets was one of the most important challenges facing the global economy. But there was little agreement on how to actually do that.

• Wednesday, October 14th 2015 - 10:49 UTC

  $100bn marriage to concentrate one third of the world's beer brewers

  

  The world's top two brewers, Anheuser-Busch InBev and SABMiller, have agreed in principle to one of the biggest mergers in corporate history after a near month-long courtship resulted in SABMiller accepting an offer worth more than $100 billion.

• Wednesday, October 14th 2015 - 08:01 UTC

  China to the rescue of cash strapped Petrobras with $2bn for a 10-year lease of two platforms

  

  Brazil's state-run oil firm Petroleo Brasileiro SA will raise $2 billion through a 10-year leasing contract with China's Industrial and Commercial Bank of China Leasing, the Brazilian company said in a statement on Tuesday.

• Wednesday, October 14th 2015 - 05:41 UTC

  Disappointing China: September's imports slump 20% in dollars

  

  China's September imports fell a more-than-expected 17.7% in Yuan-denominated terms, while exports fell 1.1% from a year earlier, official figures show. The numbers leave the country with a trade surplus of 376.2bn Yuan ($59.4bn)

• Tuesday, October 13th 2015 - 07:48 UTC

  Economics Nobel for Scottish born Angus Deaton: understanding consumption great and small

  

  The 2015 Nobel Prize for Economics has been awarded to Scottish-born economist Professor Angus Deaton, 69, who is currently professor of economics and international affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University, in New Jersey.

• Tuesday, October 13th 2015 - 07:38 UTC

  Cash strapped London police lifts standing watch for Assange at Ecuadorian embassy

  

  London's cash-strapped police will no longer keep officers stationed outside the Ecuadorean embassy to catch WikiLeaks founder Julian Assange, who has been holed up inside for over three years, the force said.

• Tuesday, October 13th 2015 - 07:26 UTC

  The 'big three' credit rating agencies questioned by UN for their 'subjectivity'

  

  Credit ratings agencies have been questioned by the United Nations Conference on Trade and Development (UNCTAD), who says they favor countries with a certain ideological bent.