Economy

• Tuesday, October 28th 2014 - 15:27 UTC

  Brazilian economy remains in recession; Central bank survey indicates 0.27% growth this year

  

  Private sector analysts are maintaining their 2014 growth forecast for Brazil's economy at 0.27%, the Central Bank said on Monday. GDP estimate was included in the Focus review, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.

• Tuesday, October 28th 2014 - 06:47 UTC

  Brazil's markets react negatively to Rousseff's re-election; waiting for new finance minister name

  

  A sharp drop in Brazil’s financial markets signalled investors are unsure whether the newly re-elected President Dilma Rousseff will take the necessary steps to reinvigorate the country’s stalled economy.

• Monday, October 27th 2014 - 07:31 UTC

  Unasur warns about a period of slower economic activity in the region

  

  Unasur (Union of South American Nations) chairman Ernesto Samper cautioned that recent oil and gas discoveries outside the region, a weaker demand for commodities from China and Europe and the 'evident strengthening' of the US dollar anticipate a slowdown of the region's economy.

• Saturday, October 25th 2014 - 12:50 UTC

  BP and GDF Suez announce discovery of new field in UK Central North Sea

  

  Oil firms BP and GDF Suez have announced the discovery of a new field in the UK Central North Sea. The find, which spans adjacent blocks operated separately by the two companies, has been flow-tested at a maximum rate of 5,350 barrels per day.

• Saturday, October 25th 2014 - 10:09 UTC

  Another hedge fund, Dart container, after Argentine assets to cash defaulted bonds

  

  Billionaire Kenneth Dart’s EM Ltd. is seeking to take advantage of a U.S. court ruling won by fellow billionaire hedge fund manager Paul Singer NML Capital, as he seeks payment on 835 million dollars in defaulted Argentine bonds.

• Saturday, October 25th 2014 - 10:02 UTC

  Argentina's bonds dispute: Judge Griesa delays a week a Citigroup hearing

  

  U.S. District Judge Thomas Griesa has delayed by a week a December hearing to consider whether Citigroup Inc should be allowed to process an interest payment by Argentina on bonds issued under its local laws following its 2002 default.

• Friday, October 24th 2014 - 06:38 UTC

  Argentine economic activity slumps 1.2% in August reveal official stats

  

  Argentina's economic activity index slumped 1.2% in August compared with the same month a year earlier, official data showed on Thursday, underscoring a slowdown in Latin America's third-largest economy.

• Friday, October 24th 2014 - 04:20 UTC

  Argentine farmers agree release grains following accord with government

  

  Argentine grain exports will total US$5.7 billion in the fourth quarter of the calendar year, the CIARA and CEC chambers promised on Wednesday, after seemingly successful negotiations with the government of President Cristina Fernandez that is eager to inject much-needed export dollars into the economy.

• Thursday, October 23rd 2014 - 05:57 UTC

  US Appeals court sends Argentina back to Judge Griesa on BONY's case

  

  A U.S. appeals court on Wednesday dismissed the Argentine government's appeal of an order directing Bank of New York Mellon Corp to hold onto 539 million dollars the country deposited for its restructured bondholders.

• Thursday, October 23rd 2014 - 05:26 UTC

  Jaguar-Land Rover begins production in China in joint venture with Chery

  

  Tata group's Jaguar Land Rover established its first overseas manufacturing unit in China this week. The facility is the first joint venture between British auto maker Jaguar Land Rover and Chinese automotive company Chery Automobile Company Ltd.