Economy

• Wednesday, July 15th 2015 - 08:10 UTC

  Mercosur summit in Brasilia with a conflicting agenda; Paraguay takes chair

  

  Mercosur will be holding its half year presidential summit in Brasilia next Thursday and Friday, an event which will expose an abundance of trade and political conflicts, discrepancies and recurrent challenges despite all its members commitment to integration. Besides full members, Argentina, Uruguay, Paraguay, Venezuela and Brazil, leaders from Chile, Peru, Ecuador, Bolivia, Colombia, Guyana and Surinam have also been announced.

• Wednesday, July 15th 2015 - 07:59 UTC

  Catholic Church confirms 28.7% of Argentines live in poverty: 11.1 million

  

  The Social Observatory from the Argentine Catholic University, UCA, has reported that poverty in Argentina during 2014, included 28,7% of the population, which is equivalent to 11.5 million people, and higher than in the previous report.

• Wednesday, July 15th 2015 - 07:25 UTC

  Argentina's congressional index reports 1.52% inflation in June, and 27.9% in twelve months

  

  Inflation in Argentina clocked 1.53% in June accumulating 27.9% in the last twelve months according to the report released on Tuesday by members of the Congressional opposition based on an average from private consultants. This week Argentina's government stats office, Indec in scheduled to announce the official rate.

• Wednesday, July 15th 2015 - 06:40 UTC

  Greek parliament must vote on Wednesday Euro zone bailout conditions

  

  Greek Prime Minister Alexis Tsipras says he does not believe in a bailout offered by Euro zone leaders, but is willing to implement it. Tsipras described the deal as “harsh”, but said it was the only way for Greece to remain in the Euro.

• Wednesday, July 15th 2015 - 06:33 UTC

  Relief from China as economy expands 7% in second quarter from a year ago

  

  Growth in the world's second largest economy, China, beat expectations in the second quarter, but it was still the weakest showing since the global financial crisis. The economy grew 7% from a year ago - matching growth in the first three months of the year, which was the lowest since 2009 when it fell to 6.6%.

• Tuesday, July 14th 2015 - 06:52 UTC

  China's exports in June rise, but imports fall for the eighth month running

  

  Exports in the world's second largest economy, China, have risen, ending three months of decline in June. Exports rose 2.1% in Yuan-denominated terms compared with a year ago, up to 1.17tn Yuan ($187bn).

• Tuesday, July 14th 2015 - 06:28 UTC

  Hillary Clinton vows banks cannot be “too big to fail” since it's still “too big a problem”

  

  US presidential candidate Hillary Clinton criticized Wall Street and her Republican rivals, promising to impose tougher regulations on banks and raise the wages of ordinary Americans if she wins the 2016 White House race. Under pressure from a campaign rival on the left, Clinton said she would appoint strict overseers to ensure that financial institutions never again indulge in the risky behavior that helped cause the 2008 banking crash.

• Tuesday, July 14th 2015 - 06:07 UTC

  Caricom considering ECLAC proposal to write-off its multilateral debt

  

  The Caribbean Community, Caricom is considering a proposal for the region to pursue gradual write-off of its multilateral debt as a means of economic prosperity. The debt relief strategy was put forward by Alicia Barcena from the Economic Commission of Latin America and the Caribbean (ECLAC), at the 36th Regular Meeting of the Heads of Government of the Caribbean Community, held in Barbados.

• Tuesday, July 14th 2015 - 06:00 UTC

  Brazil's economic team reaching out to credit rating agencies for a vote of confidence

  

  Concerns that Brazil may lose its coveted investment grade credit rating are again on the rise among government officials and investors who worry that President Dilma Rousseff’s austerity push won’t fully offset plunging government revenues.

• Monday, July 13th 2015 - 09:21 UTC

  Venezuela will stop buying Guyana rice amid escalating border dispute

  

  Venezuela has decided to stop buying much of Guyana's rice crop amid an escalating border dispute between the two neighboring countries, the Guyanese finance minister said. The administration of president Nicolas Maduro has in the past four years purchased about 40% of Guyana's rice production, about 200,000 tons, paying for it with oil that amounts to about half of Guyana's daily supply needs.