Investments

• Monday, September 16th 2013 - 01:25 UTC

  Argentine official inflation 0.8% and 6.6% in eight months despite price agreements

  

  Argentina's Consumer Price Index (IPC) was of 0.8% in August, according to the INDEC statistics bureau, totalling 6.6% this year. Price hikes were mainly seen in food and beverage, household equipment and maintenance sectors. Meanwhile, entertainment costs went down in August.

• Monday, September 16th 2013 - 01:21 UTC

  Uruguay’s economy expands 5.6% in second quarter helped by hydroelectric production

  

  Uruguay's economy expanded 5.6% in the second quarter compared with the same period a year earlier and 2.1% compared with the first three months of this year, the central bank said in its quarterly report.

• Monday, September 16th 2013 - 01:19 UTC

  Cartes on a two-day visit to Pacific Alliance member Chile to promote trade and investments

  

  Paraguayan president Horacio Cartes begins on Monday a two-day visit to Chile where he is scheduled to meet his peer Sebastián Piñera and hold a round of talks with business people inviting them to invest in Paraguay. At the end of the month Cartes will be flying to Brasilia to meet President Dilma Rousseff.

• Sunday, September 15th 2013 - 20:22 UTC

  Brazil forecasted to become the leading country in soybean production

  

  Brazil is to top the world soybean production league for the first time, thanks to the incentive to farmers provided from resilient prices and a weak Real, overtaking the US, whose hopes have been dented by drought.

• Sunday, September 15th 2013 - 20:18 UTC

  Summers pulls out of the race to succeed Bernanke at the Federal Reserve

  

  Lawrence “Larry” Summers, the former Treasury Secretary who served Presidents Clinton and Obama, called President Barack Obama on Sunday to say he is pulling out of the race to succeed Ben Bernanke as chairman of the Federal Reserve.

• Sunday, September 15th 2013 - 19:22 UTC

  The hurdles faced by Bachelet to achieve her promise of reforming Chilean education

  Chilean military dictator Augusto Pinochet legacy lives heavily in a country which has had a spectacular economic performance since the return of democracy, but remains lame in several social and political issues.

• Sunday, September 15th 2013 - 18:10 UTC

  China in ‘crucial’ restructuring stage, ‘much needed to sustain economic growth’

  

  China's economy is going through a “crucial” stage of restructuring, says the country's Premier, Li Keqiang. Speaking at the World Economic Forum in the Chinese port city of Dalian, Mr Li pledged to improve relations with foreign firms.

• Sunday, September 15th 2013 - 18:03 UTC

  Spain’s public debt hits a record high in June equal to 92.2% of GDP

  

  Spain's public debt reached a record high in June, the country's central bank said. The figure has risen to 942.8bn Euros, equal to 92.2% of the country's entire economic output, the bank said. This is nearly 15% higher than the same period last year and above the Spanish government's target limit of 91.4%, despite severe public spending cuts.

• Sunday, September 15th 2013 - 18:01 UTC

  Twitter has decided to go public; private investors estimates: over 10bn dollars

  

  Twitter has decided to go public. The company aptly announced on its short messaging service Friday afternoon that it has filed documents for an initial public offering of stock. San Francisco based Twitter Inc. posted on its official Twitter account that it has “confidentially submitted an S-1 to the SEC for a planned IPO.”

• Sunday, September 15th 2013 - 17:54 UTC

  UK confirms plans to privatize the iconic postal service: tough battle ahead

  

  Britain’s coalition government has confirmed plans to privatize the country’s iconic 497-year-old state-owned postal service, Royal Mail, a move fiercely opposed by postal unions who have already suggested they will hold rolling strikes over the sell-off. The sale would be one of the most significant privatizations in Britain since the 1990s.