Economy

• Thursday, June 5th 2014 - 06:54 UTC

  Brazil scales back levies on foreign loans to help prop the national currency

  

  The government of Brazil is cutting the tax obligations faced by business receiving foreign loans, opening the door to more financing opportunities, while helping address the problem of the falling value of the national currency, Real.

• Thursday, June 5th 2014 - 00:04 UTC

  Falklands developing strongly and with a high international community profile

  

  Falkland Islands are enjoying the benefits of a healthy well managed economy, with excellent present and future prospects in its main industries, but also face challenges such as the need for manpower, closely linked to immigration, planning for a balance between environment and oil industry, a modern government and the continued attempts by Argentina to stifle the Islands economy and block economic development.

• Wednesday, June 4th 2014 - 20:26 UTC

  Falklands' welcomes rig-contract which marks beginning of oil drilling season in first quarter of 2015

  

  The Falkland Islands Government welcomed the announcement on Thursday morning that a drilling rig has been contracted by a consortium of licensees for a new six-well program of offshore exploration and appraisal work commencing in early 2015.

• Wednesday, June 4th 2014 - 09:03 UTC

  Timid S&P ignores Moody's and leaves Uruguay' risk rating unchanged

  

  Standard & Poor's (S&P) decided on Tuesday to maintain Uruguay's sovereign debt risk rating unchanged at the lowest investment grade BBB-, because although it has solid growth prospects, predictable policies and a favorable debt profile, the country still has limited fiscal and monetary flexibility and lives in a neighborhood experimenting 'economic stress'.

• Wednesday, June 4th 2014 - 08:51 UTC

  Euro zone entering 'deflation' zone; ECB expected to boost growth

  

  Euro-zone inflation fell to 0.5% in May, down from 0.7% in April and well below the European Central Bank's 2% target. The fall means the ECB will be expected to take steps to boost growth and counter the threat of deflation when it meets on Thursday.

• Wednesday, June 4th 2014 - 08:37 UTC

  Brazilians pessimistic about the economy and benefits from the World Cup

  

  Brazilians pessimism about the future of the economy has increased considerably with just a few days left for the opening of the World Cup, according to a public opinion poll released by Pew Research.

• Wednesday, June 4th 2014 - 07:43 UTC

  Over 100 British MPs come out in support of Argentina and condemn 'vulture funds'

  

  More than 100 British Members of Parliament have signed a resolution of support for Argentina in the fight against hedge fund holdout investors, and warned that if the United States Justice System ruled against the nation it could fall into default.

• Tuesday, June 3rd 2014 - 05:44 UTC

  Good news from Brazil: trade surplus in May and primary surplus in April

  

  Some good news for the beleaguered Brazilian economy and President Dilma Rousseff's bid for re-election next October. According to the latest data supplies by the government, Brazil posted a trade surplus of 712 million dollars in May, recovering from a weak start to the year but still below historical levels.

• Tuesday, June 3rd 2014 - 05:34 UTC

  Argentina and Brazil closer to an auto industry agreement

  

  Argentina and Brazil have 'cut differences' and advanced significantly in negotiations for an auto integration understanding that could be ready to be signed next week, according to industry sources in Buenos Aires.

• Tuesday, June 3rd 2014 - 05:26 UTC

  Latin America losing its competitive edge as demand for commodities slows down

  

  The United States ranks as the most competitive country in the world in a survey of 60 countries by IMD, a leading global business school in Switzerland. The survey finds Europe is recovering some of its competitive edge, while emerging economies, particularly in Latin America are struggling to hold their own.