Economy

• 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.

• Friday, July 18th 2014 - 08:53 UTC

  Falklands enters oil production stage: contract awarded for designing tension leg platform

  

  International engineering and project management company, AMEC, will be the company responsible for designing Premier Oil’s tension leg platform (TLP) for the Sea Lion Development in the North Falklands Basin, 200 kilometers to the north of the Falkland Islands.

• Friday, July 18th 2014 - 07:45 UTC

  Brazil leaves basic interest rate unchanged at 11%; no surprises expected ahead of October election

  

  Brazil held interest rates unchanged for a second straight time this week but did not commit to keeping them stable for long as inflation remains high in Latin America's top economy. The Brazilian economy performance is anemic and next October president Dilma Rousseff is bidding for re-election.

• Thursday, July 17th 2014 - 07:27 UTC

  BRICS development bank HQ in Shanghai and India will hold the presidency

  

  The first president of the BRICS group New Development Bank will be from India and the position will rotate every five years among Brazil, Russia, India, China and South Africa, said a joint statement from the leaders said.

• Thursday, July 17th 2014 - 07:20 UTC

  CFK says BRICS support Argentina in the holdouts dispute, but where’s the document?

  

  President Cristina Fernandez assured that Argentina received the support from the group of BRICS countries (Brazil, Russia, India, China and South Africa) in its struggle against the holdout speculative funds, during the two summits held in Brazil, in Fortaleza and Brasilia.

• Thursday, July 17th 2014 - 07:14 UTC

  CFK admits having to pay 300% profit on holdouts’ dollars, but never 1.680% as pretended

  

  Argentine President Cristina Fernández rejected on Wednesday the possibility of a new default during the UNASUR-BRICS meeting in Brasilia, highlighting Argentina is going to “keep on paying and honoring its debt,” while asking for support against the “so called vulture funds,” who are “pretending to collapse the Argentine debt restructuring.”