Economy

Sunday, November 9th 2014 - 11:01 UTC
Uruguay leads the 'prosperity index' in Latin America and ranks 30 worldwide

Uruguay is ranked in position 30 at global level among 'high prosperity' countries, according to the 2014 Legatum Prosperity Index, and remains at top position regarding Latin America. It's the same ranking as in 2013 and confirms Uruguay in the leading position for the region for several years running.
Sunday, November 9th 2014 - 10:46 UTC
Argentina's car production, domestic sales and exports in free-fall

Registrations for new vehicles in Argentina fell 40% in October compared to the same month in 2013, according to the latest study by commercial sellers' group ACARA. The chamber revealed that 52,983 cars were registered over the past month, against 59,099 in September and 88,948 last October.
Sunday, November 9th 2014 - 10:35 UTC
Argentine bondholders file for 'me too' at Judge Griesa's court: claims reach 6.5bn

Argentina told New York district judge Thomas Griesa that bondholders filed 25 lawsuits since June, when the judge ordered blocking the country's from paying its restructured debt without also paying a group of holdouts, Bloomberg news has reported.
Sunday, November 9th 2014 - 10:19 UTC
Bank of England expected to raise rates, gradually, after May general election

Bank of England interest rates have been left on hold at 0.5% for another month amid fears that the pace of recovery in the UK economy is slowing. The BoE base rate has been at its current level for more than five years, with economists not expecting an increase until next summer.
Sunday, November 9th 2014 - 10:13 UTC
World's largest ship fuel supplier has filed for bankruptcy after alleged fraud

The world's largest ship fuel supplier, OW Bunker, has filed for bankruptcy after alleged fraud. The company's troubles came to light earlier this week when it discovered suspected fraud by senior employees in a Singapore-based subsidiary.
Sunday, November 9th 2014 - 10:01 UTC
Mexico's cancels contract to build a high-speed passenger train link

Mexico has abruptly cancelled a 3.75bn dollars contract awarded on Monday for a Chinese-led consortium to build a high-speed passenger rail link. President Enrique Peña Nieto said he wanted to avoid “any doubts about the legitimacy and transparency” of the bidding process.
Sunday, November 9th 2014 - 09:57 UTC
US unemployment down to 5.8%, the lowest since July 2008

The US economy added 214,000 jobs in October, while the unemployment rate has fallen to 5.8%, official Labor Department figures show. The number of jobs created is slightly below forecasts of about 230,000 new posts, but still indicates a healthy US jobs market.
Saturday, November 8th 2014 - 11:13 UTC
Aggressive promotions and solid leadership pays off for the Falkland Islands!

The Falkland Islands Tourist Board has been working hard to produce the highest standard of representation for the islands to date. Following a highly successful campaign over the past two and a half years of developing a higher awareness for the Falkland Islands through targeted and high level marketing, promotions and events, have pulled off the most successful of the years promotions.
Saturday, November 8th 2014 - 10:12 UTC
Brazilian central bank concerned about 'persistent inflation' reveal minute

Brazil's Central Bank is concerned about inflation, now running at 6.75%, according to the minutes of last week meeting of the policy committee, released on Thursday.
Saturday, November 8th 2014 - 09:37 UTC
Relief for Petrobras: Dilma allows increase in gasoline and diesel prices

Brazil raised domestic wholesale gasoline and diesel prices for the first time in more than 11 months effective Friday in a move to bolster the finances of the heavily indebted Petrobras oil and gas company after years of refining losses.