Economy

Friday, May 29th 2015 - 09:16 UTC
G7 finance chiefs meet in Dresden to discuss global recovery, but Greece overshadows

Finance chiefs and central bankers from the Group of Seven economic powers discussed ways to revive the faltering global recovery on Thursday as the United States leant on Europe to reach a deal to avert a Greek bankruptcy. The threat of a Greek default, rising oil prices and bond market volatility are fuelling investor nervousness about the world's economy.
Friday, May 29th 2015 - 09:05 UTC
Oil crushers strike in Argentina on 25th day; 100 vessels delayed waiting to load

The head of an Argentine soy crushers' union expressed optimism on Thursday that a salary agreement was near and would end the strike, which has affected the key Rosario soy market.
Wednesday, May 27th 2015 - 04:59 UTC
Argentine economic activity up 2% in March, but industrial production down

Good and bad news for Argentina's economy: the latest figures from the National Statistics and Census Institute (INDEC) reveal that economic activity increased 2% percent in March, compared to the same month last year, but industrial production recorded its 21st negative consecutive month in April.
Tuesday, May 26th 2015 - 06:38 UTC
YPF strikes oil in south Patagonia; resources estimated in 40m oil barrels

Argentina's oil and gas government managed corporation YPF announced the discovery of a new oil field in Los Caldenes, in Patagonia Rio Negro province, with resources estimated in 40 million oil barrels. Manzano Grande x-1 is the second “discoverer well” in this block of 115 square kilometers located north of the Cinco Saltos town.
Monday, May 25th 2015 - 06:25 UTC
Bachelet underlines close economic and political ties of Chile with China

Chile and China have enjoyed a positive and fruitful relationship and bilateral ties will further develop very strongly in the future, anticipated Chilean President Michelle Bachelet during an interview with Xinhua prior to Chinese Premier Li Keqiang's upcoming visit
Monday, May 25th 2015 - 06:20 UTC
Li Keqiang in Chile pledges to lift strategic partnership to a new height

Chinese Premier Li Keqiang arrived in Santiago on Sunday for an official visit to Chile, the first South American country with which China forged diplomatic ties (1970) and also the first Latin American nation with which China signed a free trade agreement.
Sunday, May 24th 2015 - 08:02 UTC
President Rousseff to face criminal complaint over 'cosmetic' accounting

Brazil´s main opposition party plans to pursue a criminal complaint against President Dilma Rousseff for 'inventive' accounting that helped shore up the country´s fiscal results in recent years.
Sunday, May 24th 2015 - 07:57 UTC
Yellen, confident in the US economy, said interest rates will be raised this year

Federal Reserve Chair Janet Yellen made it clear on Friday that the central bank was poised to raise interest rates this year, as the US economy was set to bounce back from an early-year slump and as headwinds at home and abroad waned. The announcement was made in a speech to a business group in Rhode Island.
Saturday, May 23rd 2015 - 06:27 UTC
Brazil announces US$ 22.5bn spending cuts and confirms minister Levy

Brazil finally announced its much expected budget resources reshuffle that will freeze 69.9 billion Reais (22.58 billion dollars) worth of spending on investment, education and health programs this year, limiting outlays in a bid to convince investors that President Dilma Rousseff is committed to saving the country's investment-grade rating.
Saturday, May 23rd 2015 - 06:06 UTC
Argentina's soy market paralyzed by oilseed crushers union three weeks strike

The soy market in Argentina's pivotal grains hub was virtually paralyzed for the fifth day on Friday as most exporters refrained from purchases in a bid to pressure the government to resolve a nearly three-week long strike among crushing workers.