Economy

• Thursday, June 12th 2014 - 07:18 UTC

  World Bank lowers global economy growth forecast; developing countries face major challenge

  

  World Bank lowered its 2014 growth forecasts for the global economy but said advanced economies' rebound from a rough start would help offset stagnation in developing countries. Most of the pick-up in growth this year will come from high-income countries, particularly the United States and the 18-nation Euro zone, the World Bank said in its twice-yearly Global Economic Prospects report.

• Thursday, June 12th 2014 - 07:06 UTC

  Argentina's 'Congressional inflation index' in May, 2.28% and 39.9% in twelve months

  

  Inflation in Argentina during the month of May reached 2.28% and 39.9% in the last twelve months according to the so called 'Congressional index' which is released by opposition lawmakers from the Freedom of Expression committee.

• Thursday, June 12th 2014 - 07:01 UTC

  Poor performance of Argentina's industrial production during April

  

  According to the Argentine Industrial Union (UIA), industrial production in the country fell 3.4% in April compared to the same month of 2013. Considering the first four months of 2014, the industry dropped 2.2% versus the same period last year.

• Thursday, June 12th 2014 - 06:53 UTC

  World manufacturing on the upturn but fragile in emerging economies

  

  World manufacturing is in a phase of steady growth due to the improved financial condition of industrialized countries, especially in Europe, and China’s continued growth, the United Nations reported on Wednesday.

• Thursday, June 12th 2014 - 06:42 UTC

  IMF launches Global Housing Watch to keep track of markets across the world

  

  The International Monetary Fund (IMF) launched on Wednesday the Global Housing Watch, a webpage (www.imf.org/housing) dedicated to featuring its analysis on housing markets across the world. The page will provide a one-stop shop for the Fund’s Global House Price Index and other data on housing indicators.

• Thursday, June 12th 2014 - 06:35 UTC

  Argentina and Brazil extend auto industry accord until July 2015

  

  Argentina and Brazil finally on Wednesday in Buenos Aires a deal for automotive trade between the two nations, which will be valid until July 2015 and aims to revive the sector which has seen heavy falls in activity (and jobs) since the beginning of this year.

• Thursday, June 12th 2014 - 06:30 UTC

  Brazil increases cultivation area and expects record grain harvest in 2014

  

  Brazil, one of the world's leading agricultural producers, expects a record grain harvest this year of 192.3 million tons, up 2.2% from 2013, the IBGE statistics agency said this week.

• Wednesday, June 11th 2014 - 02:02 UTC

  Argentina port strike at soy-harvest peak, delays 126 ships queuing to load

  

  A strike of dock workers in Argentina's grains and oilseeds export hub Rosario was holding on Tuesday for the second day running 126 ships, which are queuing and waiting to load.

• Wednesday, June 11th 2014 - 01:54 UTC

  China's Yuan gaining ground as world currency even for the US

  

  SWIFT's Tracker for the Chinese currency (Yuan or Renminbi, RMB) shows that United States' Yuan payments value increased by 327% between April 2013 and April 2014, placing the United States at number three 3 in the world for payments value, excluding China and Hong Kong.

• Wednesday, June 11th 2014 - 01:48 UTC

  Uruguay issues 2 billion dollars of new 2050 global bond to help spread the country's debt

  

  Uruguay issued 2 billion dollars of a new 2050 global bond on Tuesday at a spread of 165 to 170 basis points over U.S. Treasuries as part of the government's bid to put less strain on its accounts in the near- and medium-term, it was reported.