Economy

• Wednesday, July 29th 2015 - 06:30 UTC

  Positive signals from Argentina's economy ahead of October's election

  

  Industrial production in Argentina fell 0.8% in June compared to the same period last year, according to the country's National Statistics and Census Institute (INDEC), marking the 23rd consecutive month that the sector has contracted. However with seasonally adjusted figures, Indec's data showed a 0.9% rise, the first positive advance in two years (July 2013).

• Wednesday, July 29th 2015 - 06:00 UTC

  S&P warns Brazil could lose investment-grade rating as economic slippage continues

  

  Standard & Poor's on Tuesday said Brazil could lose its coveted investment-grade rating in the coming year if fallout from a number of corruption investigations further stymies economic growth and the implementation of austerity measures.

• Wednesday, July 29th 2015 - 05:52 UTC

  Volkswagen overtakes Toyota to became world's biggest selling vehicle maker

  

  Germany's Volkswagen became the world's biggest-selling vehicle maker in the first half of the year, overtaking Toyota for the first time. VW sold 5.04 million cars between January and June - slightly more than the 5.02 million sold by Toyota.

• Tuesday, July 28th 2015 - 07:00 UTC

  Chinese shares on the slide after dropping 8% on Monday; central bank to inject liquidity

  

  Shares in mainland China continued their slide on Tuesday, after a historic sell-off the previous day. The Shanghai Composite fell by 4.3% to 3,567.38 points in early trade, after the index on Monday saw its biggest drop in eight years with an 8% tumble.

• Tuesday, July 28th 2015 - 06:45 UTC

  PM Cameron: UK must not become a safe haven for corrupt money from around the world

  

  Foreigners must be stopped from buying UK homes with “plundered or laundered cash” and a “global effort” launched to defeat corruption, David Cameron will say in a speech later. Cameron will vow to expose the use of “anonymous shell companies” to buy luxury UK properties - often in London.

• Tuesday, July 28th 2015 - 06:13 UTC

  Brazil central bank survey confirms worst economic performance since 1990

  

  Analysts expect Brazil's economy to contract by 1.76% this year, marking its worst performance since 1990, with the inflation rate hitting 9.23%, the Central Bank said on Monday.

• Monday, July 27th 2015 - 06:58 UTC

  Uruguay's meat exports in almost seven months close to the billion dollars

  

  Uruguay exports of meats reached 978 million dollars between January and 18 July of which 83% beef; 5,5% offal; 3% ovine; other industrialized meats 2.7% and 1.5% horse, according to the latest release from the country's Meats institute economics office, Inac.

• Monday, July 27th 2015 - 06:45 UTC

  Banks forecasting two years of economic contraction for Brazil

  

  Banks in Brazil are now forecasting economic contraction in 2016 and if this proves correct it will be first time Latin America's largest economy shrinks two years running since the Great Depression.

• Saturday, July 25th 2015 - 06:16 UTC

  Petrobras workers on a nationwide 24 hour strike to protest sale of assets

  

  Tens of thousands of workers at Brazil's state-owned Petrobras went on a nationwide 24-hour strike on Friday to protest the oil company's plans to sell 15.1 billion dollars worth of assets by the end of next year to help pay off a debt of about 120 billion dollars.

• Saturday, July 25th 2015 - 05:24 UTC

  Economic activity in Argentina picking up, according to Indec

  

  Economic activity in Argentina has increased 2.2% in May, compared to the same month of 2014, according to the country's stats office, Indec. Compared to April this year, economic activity has grown 0.8%, the Monthly Economic Activity Index revealed.