Economy

Tuesday, December 9th 2014 - 08:52 UTC
“Kicillof's economy post still too big for him, but he has changed a lot in a year”

The head of the Argentina's powerful manufacturing lobby, UIA, Hector Mendez fired harsh words against Economy Minister Axel Kicillof stressing “his post is still too big for him”, but admitted he 'has advanced' in the last twelve months.
Monday, December 8th 2014 - 11:12 UTC
Dilma Rousseff after quick transition in Finance given the fiscal deterioration

Brazil's new economic team headed by Joaquim Levy is expected to take office sometime in the next few days after the ruling coalition of President Dilma Rousseff finally managed Congress to approve a loosening of this year's budget targets including the crucial primary budget.
Monday, December 8th 2014 - 07:12 UTC
Road ahead for Latin America 'increasingly bumpy' says IMF Lagarde

Latin America faces a rocky road ahead despite social and economic achievements in recent years, according to the head of the International Monetary Fund Christine Lagarde. Among the achievements in the last two decades and in most nations, Ms Lagarde mentioned low inflation, fiscal discipline, and financial stability.
Monday, December 8th 2014 - 07:04 UTC
Lagarde wishes to continue improving relations with Argentina

The head of the International Monetary Fund Christine Lagarde said she wishes to “continue improving” the relationship between the IMF and Argentina, while at the same time focusing on the necessities of the region's third largest economy which is not growing as fast as it should.
Saturday, December 6th 2014 - 08:26 UTC
More jobs for the US economy in November: 241.000 a month this year

The US economy added 321,000 jobs in November, while the unemployment rate stayed at 5.8%, official Labor Department figures showed on Friday. The number of jobs created was well above analysts' forecasts of about 225,000 new jobs in the month.
Saturday, December 6th 2014 - 04:44 UTC
Argentina stats: IMF sees advances, but the issue is a heated debate in Congress

The International Monetary Fund has expressed conformity with the achievements made by the Argentine government regarding the updating of the country's statistics, and hoped to finish its evaluation in February, Director Christine Lagarde announced during a press conference in Santiago de Chile.
Saturday, December 6th 2014 - 00:30 UTC
Argentina offers advance payment of 2015 maturing bonds to head off speculation

Argentina's government offered this week to make full early payment on a local dollar-denominated bond to head off speculation that its legal battle with U.S. hedge funds will make it unable to service its debt.
Friday, December 5th 2014 - 07:01 UTC
Falklands interested in training oil industry manpower with support from Trinidad and Tobago

Four senior oil industry business and training executives are in the Falkland Islands promoting Trinidad and Tobago’s oil industry training services. Preparing staff for the oil industry is crucial if benefits are to be injected to the local economy in the form of jobs and knowhow.
Friday, December 5th 2014 - 06:50 UTC
Could falling oil prices spark a financial crisis?

The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns.
Friday, December 5th 2014 - 06:45 UTC
Bank of England leaves rates unchanged but deflation fears persist

UK interest rates have been held at a record low of 0.5% for another month by the Bank of England. It also decided to maintain its quantitative easing program, designed to stimulate lending in the economy, at the £375bn already spent.