Economy

Tuesday, March 3rd 2015 - 05:45 UTC
London Heathrow and Star Alliance win the World's Airport of the Year award

London Heathrow and Star Alliance have won the World’s Airport of the Year at Air Transport World’s (ATW) 41st Annual Airline Industry Achievement Awards, honored jointly for their collaborative work on the new Terminal 2 at Heathrow.
Monday, March 2nd 2015 - 06:21 UTC
Germany sells five-year notes in Euros at a negative yield of -0.08%

The German government sold five-year notes at a negative yield for the first time in its history on Wednesday. The milestone comes as the European Central Bank prepares to begin a bond-buying program, known as quantitative easing, in hopes of stimulating growth in economies across the Continent.
Monday, March 2nd 2015 - 06:17 UTC
Argentina's economic activity up 0.6% in December; industrial production down in January

Argentina's economic activity index, EMAE, increased 0.6% in December 2014, compared to the same month of 2013, according to the country's Indec stats office latest release. This marks the third consecutive monthly growth, after previous negative results.
Monday, March 2nd 2015 - 05:58 UTC
US economy slowdowns in last quarter, but for Wall Street it remains strong

The slowdown in the US economy at the end of last year was more pronounced than previously thought, official figures have shown. The world's largest economy grew at an annual pace of 2.2% between October and December, against a previous estimate of 2.6%, the Commerce Department said.
Monday, March 2nd 2015 - 05:22 UTC
Argentine bond prices going up “as the less time you have left in office”

Joseph Cotterill, the Financial Times journalist who was quoted by Argentine President Cristina Fernández during her Congress address as proof the country has recovered financially, responded critically to the Head of State.
Sunday, March 1st 2015 - 22:03 UTC
Brazil consumers' power bills increase an average 23.4% as of next Monday

Brazil's utilities were granted an average special rate hike of 23.4% to cover the costs of a energy subsidy program that the government of President Dilma Rousseff has decided to stop funding directly, the country's electrical energy system regulator said on Friday, as reported by Folha de Sao Paulo.
Saturday, February 28th 2015 - 07:28 UTC
Reshuffle in UK's Standard Chartered leadership; Bill Winters next CEO

Britain's Standard Chartered announced on Thursday the exit of its top two bosses in a radical management reshuffle, as the Asia-focused bank battles to transform its fortunes.
Saturday, February 28th 2015 - 07:14 UTC
China has become Latin America's leading banker: 22bn dollars in 2014

Loans by China's state-owned banks to Latin American countries rose by 71% to 22bn dollars in 2014, according to estimates published by the China-Latin America Finance Database. The figure is the second largest on record for Chinese lending in Latin America, according to the report.
Friday, February 27th 2015 - 08:22 UTC
Brazilian hard line unions win conflict and beat moderates in elections

Workers at a General Motors Co car factory in Brazil ended a six-day strike on Thursday after the company dropped plans to lay off 800 employees, the union said, ending the latest labor standoff in the troubled Brazilian auto industry.
Friday, February 27th 2015 - 08:14 UTC
Striking Brazilian truckers will be fined for roadblocks, warns government

The Brazilian government will start fining truckers as a strike in its ninth day threatens Latin America’s largest economy with food and fuel shortages. According to a report from Folha de Sao Paulo, the police will fine drivers who block highways as much as 10,000 Reais (3,470 dollars) per hour, Justice Minister Jose Eduardo Cardozo told reporters in Brasilia.