Economy

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%.
Sunday, June 15th 2014 - 12:20 UTC
How Much Energy Will the 2014 World Cup Consume?

Along with 3 billion other viewers around the world, I plan to tune in for the month-long World Cup to see whether the 22-year old Neymar can withstand the colossal pressure that has been put upon his shoulders to deliver a win for team Brazil.
Saturday, June 14th 2014 - 09:29 UTC
Argentina on the war path against Uruguay following re-ignition of pulp mill dispute

Argentina reacted strongly and with a letter in harsh terms to Uruguay's decision to authorize Finland's UPM-Kymmene pulp mill to increase annual production by 8%. The letter addressed by Foreign minister Hector Timerman to his peer Luis Almagro informs Argentina will take the case to international tribunals and is currently 'reassessing' bilateral relations.
Friday, June 13th 2014 - 08:26 UTC
US Supreme Court decision of Argentina/hedge funds case delayed until Monday

The US Supreme Court will reveal its decision on Argentina's request regarding litigation with the hedge funds case on Monday at 10.30am, after deliberating on Friday behind closed doors. A final outcome could arrive as late as next year though, if the judges decide to ask the US government for an opinion on the case before ruling.
Friday, June 13th 2014 - 07:32 UTC
Easy-monetary policy advocates join the Federal Reserve; Fischer confirmed vice-chairman

The US Senate confirmed on Thursday Stanley Fischer to be vice chairman of the Federal Reserve and approved Jerome Powell and Lael Brainard as members of the central bank's board, bolstering the Fed as it prepares to wind down its extraordinary stimulus.
Friday, June 13th 2014 - 07:02 UTC
Gibraltar to experiment with a wave-power alternative energy project

The Government of Gibraltar has signed its first power purchase agreement for the provision of renewable energy. The agreement, which is with Eco Wave Power, is for the provision of an initial 0.5MW energy device on the eastside of the Rock.
Thursday, June 12th 2014 - 07:39 UTC
Beijing hosts this year's Meat Congress; China has become Uruguay's main beef client

China will be holding this year's World Meat Congress in Beijing, an event traditionally hosted by meat producing and exporting countries. However the significance of the world's second largest economy and its booming demand for meat have made it the right place for the 14/16 June conference.