Economy

Monday, August 18th 2014 - 07:11 UTC
Strong sales of Jaguar and Land Rover help boost Tata profits

Tata Motors has reported a big jump in profits thanks to strong sales at its Jaguar Land Rover business. Net profits at India's biggest carmaker tripled to 53.98bn rupees (882m dollars) in the three months to the end of June, far more than analysts had expected. Revenue grew by almost 40%.
Monday, August 18th 2014 - 06:35 UTC
Exodus: a million more Puerto Ricans on mainland US than in the island

A new study has found that Puerto Rico has undergone such a dramatic population shift that there are now over a million more Puerto Ricans on the US mainland than on the US island territory. The Pew Research Center study showed that between 2010 and 2013, more people left Puerto Rico for mainland US than those who left in the 1980s or 1990s.
Saturday, August 16th 2014 - 11:59 UTC
Brazil on the ledge of recession as activity drops sharply in June

Economic activity in Brazil dropped sharply in June as the World Cup football tournament shut down shops and factories across the country, adding to signs Latin America's largest economy slipped into recession.
Saturday, August 16th 2014 - 11:32 UTC
Trust in Argentine reliability has vanished, as a result of the bonds' litigation

Debt talks on Argentina’s defaulted bonds in the hands of holdout hedge funds ultimately collapsed this week due to disagreements over prices and the absence of a government guarantee to honor payments on the paper, sources close to the discussions said.
Saturday, August 16th 2014 - 09:01 UTC
Argentine Euro-bond holders have appealed Griesa's ruling blocking payment

Holders of Euro-denominated Argentine bonds have appealed judge Thomas Griesa's ruling blocking Argentina from making payments on their debt, according to a court filing.
Saturday, August 16th 2014 - 08:45 UTC
Global trade union summit condemns actions of vulture funds against Argentina

The International Transport Workers’ Federation passed on Friday a motion condemning the actions of the 'vulture funds' against Argentina and calling ”not to allow the vulture funds to paralyze the debt-restructuring processes of developing countries or prevent states from exercising their right to protect their citizens under international law”, according to a release from the Argentine embassy in London.
Saturday, August 16th 2014 - 08:32 UTC
Argentine official inflation in July, 1.4% and 16.7% in first seven months

Argentine inflation rose 1.4% during July leaving consumer prices 16.7% higher than at the beginning of the year, official data showed on Friday. The July index was slightly higher than the 1.3% of June and confirms Argentina is experiencing one of the highest inflation rates in the world and only second to Venezuela in Latin America.
Friday, August 15th 2014 - 07:13 UTC
Cristina Fernandez will use anti-terrorism law against US company that closed its Argentine plant

Argentina's government will use an anti-terrorism law for the first time to seek criminal charges against a U.S.-based international printing firm which closed its Argentine plant without warning, president Cristina Fernández said on Thursday. She linked the company to some of the hedge funds in litigation with Argentina over defaulted bonds.
Friday, August 15th 2014 - 06:47 UTC
New record for the US dollar in Argentina's 'blue market', 13.20 Pesos

The US dollar in Argentine money markets continued its rising path on Thursday with a new record climb to close at 13.20 Pesos. This so-called “blue” dollar had jumped 20 cents to 13.15 pesos on Wednesday, breaking its 13.06 Pesos record from 23 January.
Friday, August 15th 2014 - 06:44 UTC
Argentine July inflation 2.47% and 39.71% in twelve months, according to Congress index

July consumer prices index in Argentina according to the so called Congressional index, climbed 2,47% and 39.71% in the last twelve months. The same index marked 2.2% in June indicating a growing tendency.