Economy

Tuesday, July 22nd 2014 - 06:25 UTC
Venezuela admits its ever growing dependency from China

Venezuela confirmed Monday that its relations with China have become a fundamental pillar for making progress in almost all sectors of its economy. With a new portfolio of accords and almost 5.7 billion in loans, Beijing will provide support in many key areas.
Monday, July 21st 2014 - 07:38 UTC
Ten hectic days await Argentina, and a possible second default in 12 years

Ten hectic days ahead for Argentina since come 30 July and no agreement has been reached at the New York court of Federal Judge Thomas Griesa, (full payment plus accrued interests to holdout speculative funds) the country would be forced to a second default in twelve years with all the political consequences for Cristina Fernandez and Mercosur.
Monday, July 21st 2014 - 07:06 UTC
Guyana offshore oil exploration hampered by neighboring Venezuela

Guyana’s offshore exploration for oil in areas being contested by neighboring Venezuela is being faced with setbacks. Natural Resources and Environment Minister Robert Persaud in making the revelation said this is linked to the expulsion and temporary seizure of the Malaysian seismic research vessel, RV Teknik Perdana, by Venezuela’s Navy last year.
Monday, July 21st 2014 - 06:39 UTC
“An intense week” of negotiations in a world that “becomes multi-polar again”

President Cristina Fernández used her Twitter account on Sunday to comment on last week’s heavy agenda with the visit of Russia’s and China’s presidents and the BRICS-UNASUR summit in Brazil. “It has been an important week for Argentina,” she said.
Saturday, July 19th 2014 - 08:16 UTC
China extends a 'financial' hand to dollar and credit strapped Argentina

Argentina signed deals on Friday to borrow 7.5 billion dollars from China at a time when Buenos Aires cannot access global capital markets because of disputes over unpaid debt. Beijing also extended a three-year agreement for an 11bn swap operation between the central banks of Argentina and China.
Saturday, July 19th 2014 - 07:36 UTC
A money rich China and Brazil dispute influence in Latam

After the BRICS summit and a visit to Brazil, China's President Xi Jinping is embarking on a tour of Argentina, Venezuela and Cuba in a bid to boost ties and gain clout in the region, as analyst Victor Mijares tells Deutch Welle.
Saturday, July 19th 2014 - 07:11 UTC
Embraer's 20-year market outlook: 6,250 new jets in 70 to 130-seat segment

Brazil leading aircraft manufacturer and space research company, Embraer has released its Market Outlook 2014-2033 which details the company's forecast for deliveries of new 70 to 130-seat jet aircraft over the next twenty years. The report examines the main drivers contributing to air transport growth and reviews projected deliveries by world region.
Saturday, July 19th 2014 - 06:50 UTC
Italian chapter of holdouts tells Argentina it will continue to the last consequences

The Italian chapter of Task Force Argentina (TFA), an organization which represents bondholders that did not accept the 2005 and 2010 debt swaps, urged the government of President Cristina Fernandez to negotiate and warned it will keep on pursuing its interests until the last consequences.
Saturday, July 19th 2014 - 06:41 UTC
China confirms its interest in Brazil with credit and infrastructure projects

China expanded its trade partnership with Brazil with 7.5 billion dollars in financing for Brazilian miner Vale, the purchase of 60 passenger jets from plane-maker Embraer and renewed commitment to invest in infrastructure.
Friday, July 18th 2014 - 13:28 UTC
Over 30% of Argentine children live in households below the poverty line

Four out of ten people in Argentina live in households where children suffer poverty conditions, according to the latest release from the Argentine Catholic University (UCA) Social Debt Barometer.