Economy

• Thursday, June 18th 2015 - 06:58 UTC

  Fed ready for interest rate hike, but precise timing depends on jobs and inflation

  

  Citing an improving economy, the Federal Reserve signaled Wednesday it is most probably on track to raise historically low interest rates as early as September, but that rates are likely to climb more gradually than it previously

• Wednesday, June 17th 2015 - 05:46 UTC

  Stiglitz comes to the rescue of Argentina and Greece on debt restructuring

  

  Nobel Prize-winning economist Joseph Stiglitz has reiterated his support for a wider system of control on international sovereign debt restructuring, citing the examples of Argentina, Greece and Ukraine to back up his assertion that the area needs more supervision to protect those involved.

• Wednesday, June 17th 2015 - 05:14 UTC

  Tierra del Fuego's May inflation almost three times the official 1% rate

  

  Tierra del Fuego's Consumer Prices Index, CPI for May was almost three times higher than the Argentine government official index from stats office Indec: 2.7% against 1%. The percentage was provided by Tierra del Fuego's Stats and Census Office, which also shows that in the first five months of the year inflation reached 11.4% and 28% in the last twelve months, well above the 15.3% from Indec.

• Wednesday, June 17th 2015 - 04:38 UTC

  Falklands have a bright future and Islanders the resolve to face harassment and bullying

  

  The Falkland Islands have a bright future, not without challenges, or harassment or bullying, but the Islanders will face them with the same strength, tenacity and resolve that helped them through the conflict 33 years ago, said Foreign Office minister Hugo Swire at the annual Falklands' Government Reception in London.

• Tuesday, June 16th 2015 - 06:11 UTC

  Argentina's May official inflation 1% or half that claimed by private consultants

  

  Argentina's National Statistics and Census Institute, Indec reported on Monday that the inflation rate for May reached 1%, totaling 15.3% in the last twelve months and 5.7% for the first five months of 2015.

• Tuesday, June 16th 2015 - 06:03 UTC

  Brazil's auto industry faces plummeting sales and widespread layoffs

  

  Plummeting auto sales in Brazil amid the country's worst economic situation in a decade have battered the industry that makes up one-fourth of the country's industrial gross domestic product and has led to widespread layoffs and mandatory leaves.

• Tuesday, June 16th 2015 - 04:47 UTC

  Brazil's housing market falling as interest rates rise and the economy slows

  

  Brazil's housing market is now declining, amidst subdued economic growth and some civil unrest. In Sao Paulo, house prices dropped 1.2% during the year to Q1 2015, after annual price increases of 0.83% in Q4 2014, 3.29% in Q3 2014, 5.37% in Q2 2014 and 6.71% in Q1 2014

• Monday, June 15th 2015 - 06:44 UTC

  Catholic Church points out that 25% of Argentines are below the poverty line

  

  The Argentine Catholic Church has stood out strongly on the controversy that has followed President Cristina Fernandez statement before the FAO assembly in Rome arguing that poverty in Argentina is below 5%, which was later made superlative by her spokesperson and cabinet chief Anibal Fernandez arguing that poverty in Argentina was less than in Germany or Denmark.

• Saturday, June 13th 2015 - 07:59 UTC

  Rousseff and Lula da Silva try to convince the party to support austerity measures

  

  Brazil's embattled president Dilma Rousseff with the help of her political mentor. Lula da Silva managed on Thursday night to plea support from the ruling Workers Party, WP, delegates for drastic spending cuts designed to restore confidence in Latin America's largest but battered economy.

• Saturday, June 13th 2015 - 07:17 UTC

  Global share markets slump as Greece nears a default cliff

  

  Shares on European stock markets have fallen amid reports that senior EU officials have discussed a possible Greek default for the first time. The Athens stock exchange closed on Friday nearly 6% lower. Germany's Dax and France's Cac 40 ended more than 1% lower. Shares also fell in the US, with the Dow Jones index dropping 0.8%.