Economy

• Wednesday, June 18th 2014 - 07:52 UTC

  “Judge Griesa's message is reasonable and conciliatory” argues Lavagna

  

  Argentina's former Economy Minister and architect of the 2005 rescheduling of defaulted debt, Roberto Lavagna called for “calm” and “seriousness” to rethink the country's legal strategy following the setback suffered on Monday when the US Supreme Court decided not to hear its appeal against holdout hedge funds.

• Wednesday, June 18th 2014 - 07:45 UTC

  IMF concerned about 'wider systemic implications' of the US Supreme Court decision on Argentina

  

  The International Monetary Fund is “concerned about wider systemic implications” the ruling by the US Supreme Court could prompt following its decision not to consider Argentina’s appeal aimed at staving off a default.

• Wednesday, June 18th 2014 - 07:37 UTC

  Argentina plans to reopen debt swap program and will request to meet Griesa

  

  Economy Minister Axel Kicillof has announced that the government plans to reopen the debt swap program in the hope of renegotiating bonds held by hedge funds, after the US Supreme Court declined to take Argentina's case against the so-called 'vulture funds'.

• Tuesday, June 17th 2014 - 23:25 UTC

  UK minister arrives in Brazil to cheer for England and promote business and tourism

  

  UK Minister for Sport, Tourism and Equalities Helen Grant arrives in Sao Paulo on Wednesday to cheer for the English team in the World Cup, and to share experience and promote the values and policies that transform social reality.

• Tuesday, June 17th 2014 - 07:15 UTC

  Argentina will pay 92% of restructured bonds, hopefully 100% of debt, but will not accept extortions

  

  President Cristina Fernandez pledged on national television late Monday that Argentina will abide and honor its debts, the 92% of those who trusted in the country and hopefully the 100% of creditors, but will not accept 'extortions'.

• Tuesday, June 17th 2014 - 07:06 UTC

  Argentina questions UPM-Botnia's political influence on Uruguayan government

  

  Argentine foreign minister Hector Timerman said that the pulp mill dispute with Uruguay is 'political' and wondered how great is Finland's' Botnia-UPM influence in the country, but at the same time underlined that all chances of dialogue have been 'exhausted'.

• Tuesday, June 17th 2014 - 06:27 UTC

  IMF cuts US growth forecast and recommends 'continued policy support'

  

  The International Monetary Fund cut its growth forecast for the United States and said the economy would not reach full employment until the end of 2017, allowing the Federal Reserve to take its time before raising interest rates.

• Monday, June 16th 2014 - 06:58 UTC

  Pacific Alliance wants to 'expand influence' through cooperation with other groups

  

  The Pacific Alliance will try to 'expand its influence' through agreements with other blocks to improve cooperation in different fields while targeting a “wider integration” in the region, said Mexico's Economy minister Ildefonso Guajardo. The Alliance is holding its summit this week in Punta Mita, Mexico when the chair of the group will pass from Colombia on to Mexico.

• Monday, June 16th 2014 - 06:32 UTC

  Irish farmers fear 'decimation' from a Mercosur/EU trade agreement

  

  The determination of European Commission President Manuel Barroso to conclude a deal with Mercosur before he leaves office posed a severe threat to Ireland's interest, Independent MEP Marian Harkin has warned in a piece reported by Irish Independent.

• Monday, June 16th 2014 - 00:35 UTC

  Argentina's inflation index in May, 1.4% and 13.5% in five months

  

  Argentina's consumer price index revealed an inflation rate of 1.4% for May, down from 1.8% in the previous month announced on Friday Economy Minister Axel Kicillof at a press conference held at the Ministry in Buenos Aires. In the first five months of the year inflation stands at 13.5%.