Tuesday
July 22, 2014
Results for: economy
  • 18/07/2014 | Argentina

    Capitanich confirms meeting with CGT's Caló

    Following concerns about Argentina's economy voiced by the head of the pro-government CGT labour confederation, the head of ministers confirmed a meeting with Antonio Caló for Monday.

  • 11/07/2014 | Argentina

    No resolution reached between Argentine officials, debt holdouts

    Argentine officials and holdout investors met separately with the court-appointed mediator for five hours today, presenting their cases in hopes of resolving a default dispute that has dragged on for over 12 years.

  • 14/07/2014 | Argentina

    Gov’t expects Congress to pass pensions moratorium

    The Cabinet Chief Jorge Capitanich said the government is expecting the Congress to pass the bill sent last month by President Cristina Fernández de Kirchner to implement a moratorium on pensions, as a main part of federal stimulus to encourage economic activity in the second semester.

  • 16/07/2014 | Argentina

    Primary fiscal surplus grows 84.5% in May

    Argentina’s primary fiscal surplus reached 3.08 billion pesos in May, representing an increase of 84 percent over the same month a year earlier, the Economy Ministry revealed today. 

  • 26/06/2014 | Argentina

    Gov’t optimistic about industrial recovery

    The government relies on its stimulus packages to reverse the downward trend of industrial output, which registered a 3.89 percent plunge in the first semester of the year. “All measures are in place for a favourable trend in the second semester,” Cabinet Chief Jorge Capitanich said.

  • 01/07/2014 | Argentina

    Tax revenue up 35% in June to $10.1B

    June’s tax revenue rose to 10.1 billion pesos, or 35.5 percent in comparison to the same period last year, AFIP tax bureau head Ricardo Echegaray revealed earlier today.

  • 04/07/2014 | Argentina

    Government announces 4% hike in Price Watch programme products

    Economy Minister Axel Kicillof and Domestic Trade Secretary Augusto Costa announced an average price hike of 4% in products that are part of the government-fueled Price Watch programme, as of next Monday.

  • 19/06/2014 | Argentina

    Trade surplus down 12% in May

    While the trade balance in May registered a surplus of 1.2 billion dollars, the first five months of 2014 show a decline of 2.3 billion dollars, or 41 percent, in comparison to the same period of 2013, INDEC national statistics bureau informed today.

  • 23/06/2014 | Argentina

    CFK unveils new credits for new car purchases

    President Cristina Kirchner has revealed that her government will introduce a new credit scheme for buying new cars, in a bid to arrest the decline in the automotive industry since the start of 2014.

  • 25/06/2014 | Argentina

    Industrial output falls 5% in May from year-ago

    Industrial output fell 5 percent in May compared to the same month of last year, according to figures released today by the Indec statistics agency.

  • 02/06/2014 | Argentina

    Minister Kicillof praises Paris Club deal, criticizes 'malicious media'

    Economy Minister Axel Kicillof today affirmed the agreement Argentina reached with the Paris Club group of creditors “does not compromise the future or the present of the country.”

  • 06/06/2014 | Argentina

    IMF recognizes progress in INDEC’s new statistic method

    The International Monetary Fund (IMF) saluted today “all the specified actions,” taken by President Cristina Fernández de Kirchner administration, to improve prices and Gross Domestic Product indexes under INDEC National Statistics Bureau orbit.

  • 08/06/2014 | Argentina

    Kicillof sees ‘many optimistic signals’

    Economy Minister Axel Kicillof said he sees “many optimistic signals for the second trimestre and even next year” for an ending to economic recession.

  • 21/05/2014 | Argentina

    Government slams ‘speculative strategies from financial groups’

    Cabinet Chief Jorge Capitanich praised the country’s “favorable economic performance” and accused “financial agents” of developing “speculative strategies” that aim to create uncertainty.

  • 28/05/2014 | Argentina

    Fábrega to cut rates if prices go down

    Central Bank president Juan Carlos Fábrega assured foreign reserve levels would stay at around 28 billion dollars by the end of this year, and revealed he would lower rates if prices rises continued to slow down.

  • 29/05/2014 | Argentina

    CFK: We reached an agreement without IMF intervention

    President Cristina Fernández de Kirchner expressed her delight at reaching an agreement with the Paris Club without International Monetary Fund (IMF) intervention, while defending Argentina's record in honouring debt commitments.

  • 11/05/2014 | Argentina

    Kicillof plays down effect of inflation on prices

    Economy Minister Axel Kicillof has affirmed that the movement of prices is a complex phenomenon, which cannot be fully explained solely by blaming the effects of inflation.

  • 14/05/2014 | Argentina

    INDEC reveals April inflation at 1.8%

    The National Statistics and Census Institute has estimated that inflation for the month of April continued its downward trend since the start of 2014, reaching 1.8 percent according to figures gathered using the agency's Consumer Price Index.

  • 16/05/2014 | Argentina

    Kicillof, Giorgi meet with automotive executives

    Industry Minister Débora Giorgi and Economy Minister Axel Kicillof held a meeting today with representatives of the automotive sector to analyze the situation of the sector such as the drop in exports, mainly to the Brazilian market.

  • 28/04/2014 | Argentina

    CFK: More production needed to stop price rises

    President Cristina Fernández de Kirchner asserted today that an increase in production would slow down price rises, as the head of state spoke during an act in which a restructuring of provincial debt was announced.

  • 29/04/2014 | Argentina

    CEPAL reduces Argentina growth expectation to 1%

    The United Nations Economic Commission for Latin America and the Caribbean (CEPAL) has sharply reduced its estimates for economic growth in Argentina for 2014, cutting forecasts from 4.5 to 1 percent for the nation.

  • 01/05/2014 | Argentina

    CFK: May 1 is not a day for threats and aggression

    President Cristina Fernández de Kirchner sent her own message to workers to mark the May 1 public holiday from her home in Santa Cruz, asserting that the day should be marked by a celebration of employment rather than threats and aggressive statements.

  • 24/04/2014 | Argentina

    IMF report: Further adjustments needed in Argentina

    Further policy adjustments are also needed to restore macroeconomic stability in Argentina, especially in the context of less favorable prospects for global commodity prices, the IMF said today in its Regional Economic Outlook for the Western Hemisphere.

  • 28/04/2014 | Argentina

    Feletti: ‘Even anti-gov't economists deny recession’

    Victory Front lawmaker and former Economy Vice Minister Roberto Feletti today affirmed that Argentina’s economic situation “is far from recessionary” predicting a 2.5 percent growth for 2014.

  • 28/04/2014 | Argentina

    Industrial leaders tell Kicillof of inflation 'concern'

    Representatives of the Argentine Industrial Union (UIA) today met with Economy Minister Axel Kicillof, telling the national government figure of their concerns over the nation's inflation rate as they shared a lunch.

  • 20/04/2014 | Argentina

    The IMF plays hard to get

    By James Neilson
    It’s not difficult to comprehend why the critics see so many things wrong with Argentina right now. For instance Axel Kicillof, the Economy minister, announced that March’s inflation rate clocked in at 2.6 percent, according to the new nationwide consumer price index as measured by the INDEC’s statistics bureau.

  • 21/04/2014 | Argentina

    CFK: I want to leave next president a better country

    President Cristina Fernández de Kirchner today praised the work carried out by herself and late husband Nestor Kirchner during over a decade of holding the Argentine presidency, stating that she had no doubt that her successor would inherit a healthier country than in 2003.

  • 23/04/2014 | Argentina

    INDEC postpones release of poverty figures

    The National Statistics and Census Institute (INDEC) has postponed the release of figures from the so-called House Poll, which includes strategic information regarding poverty and indigence rates, officials from that entity confirmed this afternoon.

  • 10/04/2014 | Argentina

    World Bank requests 'macroeconomic adjustment' for Argentina

    World Bank chief economist for South America, Agusto de La Torre, considered today Argentina must implement a “macroeconomic adjustment” in order to face future obstacles in its local economy.

  • 11/04/2014 | Argentina

    'IMF hides well its ideological bias'

    The head of ministers renewed his criticism of an IMF report that forecasts a sharp deceleration in Argentina’s economy for this year, saying the credit organization “hides its ideological bias.”

  • 20/04/2014 | Argentina

    Running out the clock

    By Martín Gambarotta
    If Axel Kicillof really is the dyed-in-the-wool Marxist some of his admirers and many of his detractors say he is, meeting all those IMF people may have been a distasteful experience for him.

  • 30/03/2014 | Argentina

    Footing the bill

    By Martín Gambarotta
    For better or for worse the Kirchnerite years will take some undoing. But oh wait, some of the stuff is already being undone by the Kirchnerite administration in charge. Have you not noticed?

  • 31/03/2014 | Argentina

    Capitanich praises bilateral trade deal with Brazil

    Cabinet Chief Jorge Capitanich praised an agreement reached over the weekend with Brazil to reinforce bilateral trade and the progress made in a “common agenda” that would likely lead to a free trade agreement between Mercosur and the EU.

  • 04/04/2014 | Argentina

    February’s fiscal deficit hits new record at 7,7 bn

    According to a report published earlier by the Ministry of Economy, fiscal deficit for February reached a new record at 7.7 billion pesos.

  • 20/03/2014 | Argentina

    February trade surplus falls 92% as energy imports continue to rise

    According to a report compiled by national statistics agency INDEC, February's trade surplus totaled 44 million dollars, a drop of 92 percent in comparison to the same period in 2013.

  • 27/03/2014 | Argentina

    Gov't announces new subsidy scheme

    Economy Minister Axel Kicillof and Planning Minister Julio De Vido have announced changes in the gas and water subsidies scheme, involving "not the end of subsidies but a redistribution” of resources that aims at "strengthening" the government’s “economic growth with social inclusion” model.

  • 30/03/2014 | Argentina

    Austerity by stealth

    By James Neilson
    Argentine populists have always made out that their country is the innocent victim of wicked foreigners, mostly Britons and North Americans, who have grown accustomed to appropriating large chunks of its wealth.

  • 09/03/2014 | Argentina

    Kicillof says exchange market is ‘fairly stabilized’

    Economy Minister Axel Kicillof considered the exchange market “is fairly stabilized,” thanks to the new strategy adopted by the Central Bank, and questioned opposition members and economists for “trying to seed fear,” about an "economical disaster.”

  • 13/03/2014 | Argentina

    Kicillof : No winners or losers in YPF-Repsol deal

    Economy Minister Axel Kicillof has assured that the compensatory agreement reached with Repsol was "friendly”, and asserted there were "no winners nor losers" in negotiations over the nationalisation of YPF.

  • 17/03/2014 | Argentina

    Capitanich says prices soothed in February and March

    In his daily press conference at the Government House, Cabinet Chief Jorge Capitanich said “price levels have stabilized” during February’s last two weeks and so far March, which is generating a “predictable setting for salary negotiations to be compatible with reasonableness.”

  • 21/02/2014 | Argentina

    Balance of trade surplus shrinks 88% to 35m

    January's trade balance unveiled a small surplus of 35 million dollars, which represents a fall of 88 percent compared to the same period in 2013.

  • 05/03/2014 | Argentina

    January primary surplus reaches 799 mln pesos

    Argentina's primary budget surplus was 799 million pesos in January, the government said in a statement today. That compared to a surplus of 816 million pesos in the same month of 2013.

  • 05/03/2014 | Argentina

    February tax revenue rises 33.3% to 81.1 billion pesos

    Argentina's tax revenue reached 81.1 billion pesos, 33.3 percent higher than the same period in 2013, according to data released today by AFIP tax agency.

  • 14/02/2014 | Argentina

    IMF's Werner: "Systemic inflationary processes affect economic growth"

    By Liliana Franco, from Washington DC

    The Director of the Western Hemisphere in the IMF, Alejandro Werner, in an exclusive interview given to ambito.com and Ambito Financiero in his Washington office, said that "the publication of the new index was an action stipulated in the Executive Board of Directors' decision," and clarified that the issue would be "examined" in the coming months.

  • 14/02/2014 | Argentina

    Gov’t fines supermarkets up to 1.6 M pesos

    In a press conference held at the Ministry of Economy, Domestic Trade secretary, Augusto Costa revealed the fines on local supermarkets which refused to apply the Precios Cuidados price-control program.

  • 05/02/2014 | Argentina

    Gov’t authorizes 6% limit for petrol rises

    Economy Minister Axel Kicillof has announced an agreement with petroleum companies to raise fuel prices no higher than 6 percent, in a press conference held this afternoon.

  • 06/02/2014 | Argentina

    CFK meets with Kicillof, Capitanich at Olivos

    President Cristina Fernández de Krichner today held two different meetings at Olivos residence with Cabinet Chief Jorge Capitanich, Economy Minister Axel Kicillof and the Presidency’s Secretary-General Oscar Parrilli.

  • 09/02/2014 | Argentina

    Dollar hits a wall

    By Martín Gambarotta
    Some people, bless them, are big players in life. Others are big players on Twitter. And then there are those happy few who are big players both in life and on Twitter. They have, say, over 10,000 followers on Twitter. Some own media groups. Some are journalists. What have you.

  • 04/02/2014 | Argentina

    CFK to businesses: Stop lying to Argentine people

    President Cristina Fernández de Kirchner today launched a stinging attack on businesses that raised prices in the wake of January's devaluation, calling on empresarios to "Stop lying to the Argentine people".

  • 05/02/2014 | Argentina

    Capitanich urges business, union leaders to have a 'reasonable behaviour'

    Cabinet Chief Jorge Capitanich urged business and union leaders today to have a “reasonable behaviour” in order to halt the ongoing price hikes on a variety of goods.

  • 31/01/2014 | Argentina

    Prudence not avarice, Liasion Board tells gov't

    “It is a market where all its inputs are tied to an unknown future dollar price, with an inflation rate surpassing 30 percent,” the Liasion Board said in a statement, trying to explain the decision of some farmers to stockpile their grain production.

  • 02/02/2014 | Argentina

    For a fistful of dollars

    By Martín Gambarotta
    Relax, the currency exchange clamp has been eased by President Cristina Fernández de Kirchner’s administration. But relax at your own risk. And can you really ever relax in politically-volatile Argentina?

  • 02/02/2014 | Argentina

    The theory and practice of the red circle

    By Mempo Giardinelli
    One might think that this country’s woes could be explained by some “P v. E” (politics versus economics) power equation — an ancient and repeated confrontation which shakes up Argentine life every now and then.

  • 29/01/2014 | Argentina

    Kicillof announces deal to roll back consumer prices

    Economy Minister Axel Kicillof announced that the government has reached a deal with different companies to rollback the prices of products to levels recorded prior to January 21, when the peso suffered its strongest devaluation since 2002.

  • 30/01/2014 | Argentina

    Government backs agriculture export tax

    Agriculture Minister Carlos Casamiquela confirmed that taxes on the exportation of agricultural products remained in effect, and stated that redistribution “is linked to a society that makes an effort for a fairer country with less inequality.”

  • 31/01/2014 | Argentina

    Scioli calls for 'responsibility' to look after price stability

    Buenos Aires Governor Daniel Scioli today urged all the economic sectors to have “commitment and responsibility to look after the stability of prices.”

  • 27/01/2014 | Argentina

    Redrado: 'This crisis will be solved boosting offer of currencies'

    Former Central Bank chief Martín Redrado today harshly rejected the relaxation of currency controls by the government saying that “to inflationary policies the government is now adding foreign exchange improvisation.”

  • 27/01/2014 | Argentina

    Italy's Letta says EU able to deal with Argentina crisis

    The European Union and the common euro currency are stronger than they were a year ago and much better positioned to resist any shocks stemming from a currency crisis in Argentina, Italian Prime Minister Enrico Letta said today.

  • 23/01/2014 | Argentina

    US dollar reaches 8.01 pesos, 'blue' climbs to 13.06

    The US dollar broke the 8 pesos barrier today reaching 7.99 pesos for buyers and 8.01 pesos for sellers, followed yesterday’s largest mark in 12 years. The unofficial 'blue' dollar also saw a sharp escalation, rising 91 cents to close at 13.06 pesos.

  • 24/01/2014 | Argentina

    Dollar rises to 8.015 pesos after restrictions ended

    The US dollar rose half cent today to 8.015 pesos (selling price), following the announcement from the national government that the purchase of the foreign currency for personal use would be once more permitted across Argentina.

  • 25/01/2014 | Argentina

    Moyano slams Gov’t economic policy

    Head of CGT Workers Central, Hugo Moyano has reacted to the economic measures released on Friday by the Federal Government, and assured that “nobody believes them anything”. In addition, he anticipated further meetings with opposition’s figures for next week.

  • 20/01/2014 | Argentina

    'Blue' dollar plummets 30 cents, official climbs to 6.84 pesos

    The US dollar has climbed more than three cents reaching 6.84 pesos (selling price) - while the parallel 'blue' currency fell a giant 30 cents from Friday evening.

  • 23/01/2014 | Argentina

    Capitanich: ‘What happened wasn’t a devaluation induced by the Government’

    Cabinet Chief, Jorge Capitanich explained in his daily conference from the Government House that yesterday’s hike of 23 cents in the official peso “was not a devaluation induced by the Government. It was an expression of free market with offer and demand.”

  • 09/01/2014 | Argentina

    Solanas: ‘The worst summer since 2001’

    Unen President Fernando ‘Pino’ Solanas considered that “this was the worst summer since December 2001," during an interview with Radio Rivadavia.

  • 15/01/2014 | Argentina

    Construction costs rise 20,9% in 2013, Indec

    The construction cost raised 20,9 percent in 2013, the Indec national statistics bureau informed.

  • 19/01/2014 | Argentina

    Blue in the face

    By Martín Gambarotta
    Argentina, like probably any other country, is most of the time dominated by the economy. This nation has a difficult economic history. Two examples of recent history should suffice to show this: the hyperinflation crisis of 1989 and the financial meltdown of 2001, which prompted the biggest sovereign debt default in the history of mankind. Scary stuff? You bet.

  • 09/01/2014 | Argentina

    Government expands price deal and reaffirms food imports alternative

    Cabinet Chief Jorge Capitanich assured that the Federal Government will expand the price deal and open food imports if necessary, during a press conference from Government House.

  • 09/01/2014 | Argentina

    Capitanich denies Galuccio resignation

    Cabinet Chief Jorge Capitanich denied that Miguel Galuccio, YPF’s CEO would resign from his position in the national oil company, during a press conference at the Government House.

  • 09/01/2014 | Argentina

    US dollar climbs to 6.635 pesos, 'blue' rises to 10.80

    The US dollar climbed two and a half cents to 6.585 pesos for buyers and 6.635 pesos for sellers at BA City banks and exchange offices.

  • 04/01/2014 | Argentina

    Córdoba Gov't rejects pseudo currency

    Córdoba's Minister of Economy Ángel Elettore denied today the possibility of issuing a pseudo currency bond in his province during an interview to a local radio.

  • 08/01/2014 | Argentina

    Gov’t will allow imports to sustain new price deal

    Cabinet Chief Jorge Capitanich revealed today that the Federal Government authorized the imports of products in order to sustain the new price deal and guarantee a steady provision to the public.

  • 08/01/2014 | Argentina

    US Dollar climbs to 6.61 pesos, 'blue' dollar drops to 10.75

    The US dollar climbed today one cent to 6.565 pesos for buyers and 6.615 pesos for sellers at BA City banks and exchange offices. The so called “blue” dollar traded at 10.70 pesos (buying price) and 10.75 pesos (selling price).

  • 02/01/2014 | Argentina

    BA stock market Chairman Horacio Fargosi dies at 87

    Horacio Fargosi, president of the Buenos Aires stock market association, passed away today at the age of 87. His remains will be laid to rest in Pilar, at the Jardín de Paz cemetery, province of Buenos Aires.

  • 02/01/2014 | Argentina

    Gov't unveils '272 goals' for 2014

    Cabinet Chief Jorge Capitanich assured in his Twitter account that the Federal Government has a list of “204 objectives and 272 goals” to be achieved over the next 12 months, including “the growth of power production” and “the construction of 100,000 homes”.

  • 03/01/2014 | Argentina

    2013 revenue hits $858.832 million, Echegaray slams Clarín

    After revealing that December’s revenue hit a new all-time record, the head of the AFIP tax bureau Ricardo Echegaray turned the press conference into a defense from Grupo Clarín allegations, and blamed its CEO Hector Magnetto of “orchestrating a persecution against me and my family.”

  • 20/12/2013 | Argentina

    Industrial activity drops 4.9 percent in November

    The INDEC national statistics bureau informed today that the industrial activity dropped 4.9 percent in November and 3.9 percent compared with last month.

  • 21/12/2013 | Argentina

    Massa slams Gov't price deal: 'We need a program to fight inflation'

    Renewal Front leader and national lawmaker Sergio Massa affirmed that is necessary “to acknowledge the inflationary problem, recover the statistic credibility and organize an integral program to fight against it."

  • 23/12/2013 | Argentina

    Gov't rejects pseudo currency alternative

    Cabinet Chief, Jorge Capitanich defined as an “outburst and exaggeration,” the statements of Corrientes Governor Ricardo Colombi, who warned about the possibility of emitting a pseudo-currency due the economic situation in his province.

  • 13/12/2013 | Argentina

    INDEC: inflation up 0.9% in November

    Inflation rose 0.9% in November, the INDEC statistics bureau reported. Annualized inflation equals 10,5% compared to the same period last year.

  • 19/12/2013 | Argentina

    Teamsters receive Christmas bonus after strike threat

    Teamster union leader Pablo Moyano has confirmed that workers affiliated to the organisation will receive a ‘Christmas bonus’ after reaching an agreement with businessmen and distributors.

  • 20/12/2013 | Argentina

    Economy grows 5.5 percent

    The INDEC statistics bureau reported that the economic activity grew 5.5 percent during the third quarter, compared with the same month last year accumulating a 5.7 percent since January.

  • 02/12/2013 | Argentina

    Kicillof warns about the 'rancid syrup of neoliberalism'

    With a pro-dialogue but firm stance, the Economy Minister participated today in the 19th Annual Assembly of the Argentine Industrial Union (UIA). Axel Kicillof said are no “economic models” that involve “no tensions.”

  • 04/12/2013 | Argentina

    Car production falls 20% in November

    The automotive industry saw sharp falls in November compared to the same month of the previous year, with figures for both car production and exports well down on 2012 figures.

  • 13/12/2013 | Argentina

    Economy Minister praises YPF role in energy sector recovery

    Economy Minister Axel Kicillof today praised the role of YPF oil giant in the recovery of the energy sector and urged other companies to maintain and increase their investments for Argentina to become self-sufficient in energy production.

  • 28/11/2013 | Argentina

    City legislature approves 2014 budget

    Buenos Aires City lawmakers passed the 2014 budget bill, calculated in 59.5 billion dollars, thanks to the votes of the Pro party and its allies, while the opposition rejected and criticized the project.

  • 29/11/2013 | Argentina

    September primary surplus tightened to 412.5 m pesos

    Argentina's primary budget surplus was 412.5 million pesos ($67.2 million) in September, the government said in a statement today, down from 534.8 million pesos in the same month last year and 912.5 million pesos in August.

  • 02/12/2013 | Argentina

    Kicillof, De Vido to make economic announcements

    Economy Minister Axel Kicillof and Planning Minister Julio De Vido were expected to make economic announcements today at noon, according to Government House sources.

  • 23/11/2013 | Argentina

    Moyano warns 'No benefit, no agreement'

    The head of the anti-government CGT splinter questioned the round of meetings the government launched this week in a show of political rapprocachement with business leaders and the labour movement. Hugo Moyano warned that his supporters “will not accept any agreement if there is no real and concrete benefit."

  • 26/11/2013 | Argentina

    Capitanich seeks renewal of price agreements

    The Chief of Cabinet has assured that the national government will try to close in two weeks a new price deal to prevent “speculation” following recent changes in Cristina Fernández de Kirchner's ministerial team.

  • 27/11/2013 | Argentina

    Official dollar rises, BA shares close down 1,7%

    The US currency today rose one cent compared to its last close and was trading at 6.115 pesos for buyers.

  • 19/11/2013 | Argentina

    Opposition figures react to Moreno's resignation

    The resignation of Domestic Trade Secretary Guillermo Moreno caused strong reactions within the opposition, who were largely pleased with the politician's decision to step down. However, several figures recalled that he was “following orders” and during his administration “he broke the people’s confidence in the government”.

  • 22/11/2013 | Argentina

    New economic team assembled by Kicillof unveiled

    The government published the appointments of Augusto Costa as the new Domestic Trade Secretary, Emmanuel Álvarez Agis as Secretary of Economic Policy and Pablo López as Finance Secretary, the latter to replace Adrián Cosentino.

  • 22/11/2013 | Argentina

    Industrial activity drops 1.1% in October - Indec

    The industrial activity dropped 1.1 percent in October compared with the same month in 2012 but grew 1.4 percent compared to last month, the INDEC national statistics bureau informed today.

  • 15/11/2013 | Argentina

    INDEC: inflation up 0.9% in October

    Inflation rose 0.9 percent in October, the INDEC statistics bureau reported. Annualized inflation equals 10.5 percent so far this year, less than half of the index registered by private companies, who estimate a total of 25,86%.

  • 15/11/2013 | Argentina

    Griesa throws out ‘vulture fund’ request

    United States Judge Thomas Griesa rejected two new requests filed by the hedge fund NML who asked to have access to information and said Argentina was breaking Griesa’s order not to change the payment mechanisms of debt bonds, Télam state news agency reported yesterday.

  • 16/11/2013 | Argentina

    'There is no need to go after financial dollars', Marcó del Pont

    Central Bank president Mercedes Marcó del Pont said that “there is no need to go after financial dollars but the long term ones”, during the Monetary and Banking Day 2013 celebrated in the city of Buenos Aires.

  • 23/10/2013 | Argentina

    Massa says Moreno the 'symbol of gov't's failure'

    For Renewal Front leader Sergio Massa, Domestic Trade Secretary Guillermo Moreno seems to be the mother of all evil or, in his own words, the one to blame for the "government's economic failure."

  • 11/11/2013 | Argentina

    IMF's Lagarde: Argentina has made 'positive progress' on data reform

    Argentina has made "positive progress" in reforming the quality of its economic data, the International Monetary Fund head said, adding that the IMF's board is set to review the country's moves in a few days.

  • 15/11/2013 | Argentina

    Economy grows 4,7% in September

    Economic activity grew 4,7% percent in September compared to the same period in 2012, totaling a 5,4% annual growth, according to the Indec report released.

  • 11/10/2013 | Argentina

    Alfonso Prat Gay: 'Gov't seeks to get fresh dollars'

    Opposition MP Alfonso Prat Gay today questioned the government’s decision to offer to pay corporations to end disputes at the World Bank’s ICSID.

  • 18/10/2013 | Argentina

    Economy grows 4% in August

    Economic activity grew 4% percent in August compared to the same period in 2012, totaling a 5,5% annual growth, according to the Indec report released.

  • 22/10/2013 | Argentina

    Budget, economic laws published, signed by Boudou

    The Budget 2014 and economic laws which were passed by Congress on October 9 were signed by acting president Amado Boudou, Cabinet Chief Juan Manuel Abal Medina, and Economy Minister Hernán Lorenzino, and published today on the Official Gazzette.

  • 28/09/2013 | Argentina

    July’s fiscal deficit: $2.725,1 million

    The fiscal deficit in July pointed $2.725,1 million, an improvement of 5,52% comparing last year’s record of 2.884,3 million.

  • 02/10/2013 | Argentina

    Kicillof praises whitewash programme

    Speaking to lawmakers in the Senate, Economy Deputy Minister Axel Kicillof revealed he and the Central Bank chief Mercedes Marcó del Pont, convinced President Cristina Fernández de Kirchner to extend the tax amnesty deadline, which was finally prolonged for three more months.

  • 10/10/2013 | Argentina

    Gov't to pay 500 M to end ICSID disputes

    The government will offer to pay about 500 million dollars to five companies in compensation to resolve disputes filed at the World Bank's International Centre for Settlement of Investment Disputes (ICSID).

  • 23/08/2013 | Argentina

    Rural society questions CFK's dialogue call

    If the president’s pro-dialogue move is mean-spirited, results are likely to be partial, head of the Argentine Rural Society (SRA) Luis Etchevehere warned as he analyzed the Kirchnerite rapprochement with “big players” of the economy.

  • 02/09/2013 | Argentina

    Parliamentary candidate admits inflation in some sectors higher than official

    Victory Front’s parliamentary candidate Martín Insaurralde today admitted the inflation rate is higher than the one released by INDEC statistics agency although the agency is “transparent” and “must readjust to times and realities.”

  • 16/09/2013 | Argentina

    Massa says 'gov't's budget bill denies inflation'

    Congressional candidate and Tigre Mayor Sergio Massa criticized the 2014 Budget draft bill submitted to Congress by the government which is expected to be cleared for debate in the Lower house this week.

  • 20/08/2013 | Argentina

    Lavagna sees ailing economy and devaluation

    Devaluation is a fact although the government denies reality, former Economy Minister Roberto Lavagna said and considered Argentina’s economy faces the “worst scenario” possible.

  • 21/08/2013 | Argentina

    Government sells $2.3 bln in treasury bills to central bank

    The government today said it issued a total of $2.6 billion in treasury bonds which it sold to state entities including the central bank, which bought $2.3 billion worth of 10-year paper offering interest of Libor minus 1 percentage point.

  • 22/08/2013 | Argentina

    Scioli: 'We are willing to improve what needs to be improved'

    Speaking at the Council of the Americas held in Buenos Aires, the governor of Buenos Aires province Daniel Scioli said the government led by President Cristina Fernández de Kirchner “must end as better as possible.” He said it’s time to “improve what needs to be improved” but urged to “defend what’s been achieved.”

  • 26/07/2013 | Argentina

    Income tax refund to reach gross salaries of up to 25,000 pesos

    The exemption from the income tax deduction of July’s half-year bonus will reach ‘exclusively’ gross salaries of up to 25 thousand pesos, according to a decree published today on the official gazette.

  • 14/08/2013 | Argentina

    Lorenzino rejects calls for further austerity measures

    Economy minister Hernán Lorenzino has "strongly" rejected an expansion of austerity measures, while he defended the debt reduction policy and admitted the country “still suffers” from consequences of the international financial crisis.

  • 16/08/2013 | Argentina

    Economy grows 6,4%

    The economy grew 6,4 percent in June compared to the same month in 2012, the national statistics bureau Indec reported.

     

  • 27/06/2013 | Argentina

    Supermarket sales grow 19% in May, Indec reports

    According to a monthly report released by Indec statistic bureau, supermarket sales grew 19 percent in May compared to the same period of last year, totaling 9,933.7 billion pesos, thus, advancing 2.6 percent against the previous month.

  • 18/07/2013 | Argentina

    Economy grows 7.8% in May, Indec says

    Economic activity grew a 7.8 percent in comparison to may last year, the INDEC announced, just like President Cristina Fernández de Kirchner had said on Wednesday.

  • 25/07/2013 | Argentina

    IMF explains itself on Argentine debt case

    The International Monetary Fund today tried to justify why it reversed course on filing a brief at the US Supreme Court on the Argentine debt case, saying that the institution’s political neutrality was at stake.

  • 10/05/2013 | Argentina

    Former Economy Minister Cavallo: 'We are much worse than in 2001'

    Former Economy Minister Domingo Cavallo renewd criticism today of Argentina's current economic moment saying "it's much worse than in 2001," when an economic downturn and a controversial freeze of all bank accounts known as "corralito" led to a social and financial chaos.

  • 13/05/2013 | Argentina

    Echegaray insists whitewash bill 'will help boost economy'

    The head of AFIP tax bureau Ricardo Echegaray today backed the controversial whitewashing bill sent by the government to Congress recalling that "back in 2009, 35 thousand people and companies accepted the offer and helped to boost the economy." 

  • 20/05/2013 | Argentina

    Lorenzino: ''Blue' dollar makes me laugh'

    Economy Minister Hernán Lorenzino today played down the black market dollar transactions and revealed the so called "blue" dollar "makes me laugh."

  • 11/04/2013 | Argentina

    S&P affirms Argentina's 'B-' rating, outlook remains negative

    Standard & Poor's Ratings Services today affirmed its 'B-' unsolicited long-term foreign and local currency sovereign credit ratings on Argentina.

  • 03/05/2013 | Argentina

    Feletti admits gov't is 'having trouble promoting peso savings'

    In statements to a radio, the Victory Front's lawmaker questioned some business groups that “seek an abrupt devaluation to benefit their businesses.” “They are putting pressure on the government to destabilize it and force an exit,” he said.

  • 07/05/2013 | Argentina

    CFK: Néstor said once 'My Economy Minister will be me'

    President Cristina Fernández de Kirchner quoted Néstor Kirchner who’d said once: “My Economy Minister will be me.” She referred the phrase to the economic policy of the Government that coincides with ex president’s response to the Economy Minister of that time before taking the office.

  • 14/02/2013 | Argentina

    Pro-government CGT warns of 'economic stagnation'

    The head of pro-government CGT umbrella labour union Antonio Caló warned that the economy has stagnated and insisted that price controls implemented by the government "are usless if they are not maintained over time."

  • 14/03/2013 | Argentina

    Against liberalism, critic of the IMF and foreign debt

    By Carlos Burgueño
    Harsh critic of free-market liberalism, the IMF and adjustment policies, and defender of the debt restructuring processes, Jorge Bergoglio, now Pope Francis, never refused to define where he stands when it comes down to economics, even in the most difficult moments.

  • 21/03/2013 | Argentina

    Economy grows 3.2% in January

    The economy grew 3.2 percent in January year-on-year, after ending 2012 with a 1.9 percent increase, according to President Cristina Fernández de Kirchner.

  • 18/01/2013 | Argentina

    INDEC: Economy grows 1.8% in November

    The economy grew 1.8 percent in November compared to the volume registered during the same month in 2011, according to the Indec national statistics bureau.

  • 28/01/2013 | Argentina

    Unemployment rate hits 6.9% in 2012 last quarter

    President Cristina Fernández de Kirchner announced that the unemployment rate has dropped in the last quarter of 2012 to 6.9 percent, 0.7 points lower than the level registered in the previous quarter, and that the economy has grown 1.8 percent, "despite the severe international crisis."

  • 13/02/2013 | Argentina

    Economy grew 1.9% in 2012, CFK announces

    The Argentine GDP increased by 1.9 percent in 2012 compared to the volume registered in 2011, President Cristina Fernández de Kirchner announced today while heading a ceremony in Chubut province.

  • 18/11/2012 | Argentina

    'Argentina not going into default,' says Lorenzino

    Economy Minister Hernán Lorenzino said that "the only possibility" contemplated on regards Argentina's debt is "to meet all payments” of creditors that entered debt swaps after the 2001 default and said the country "cannot and will not enter in default."

  • 21/12/2012 | Argentina

    Economy slightly grows in third quarter

    Economy grew slightly in the third quarter, as the Gross Domestic Product (GDP) increased 0.7 percent when compared to the same time period of 2011, Indec national statistics bureau reported.

  • 28/12/2012 | Argentina

    Economy grows 3% in October, Indec

    The economy increased 3 percent in October against the volume registered during the same month last year, the Government reported today.

  • 19/10/2012 | Argentina

    Economy grows 1.4% in August, Indec

    Economic activity increased 1.4 percent in August in comparison to the volume registered during the same month of 2011, according to the Indec national statistics bureau.

  • 16/11/2012 | Argentina

    Lorenzino praises France's banking reform

    Economy Minister Hernán Lorenzino came on stage today to refer to France's banking reform which will ban high-frequency trading (HFT).

  • 16/11/2012 | Argentina

    Economy slightly grows in September

  • 28/09/2012 | Argentina

    Economy grows 2.7% in July, Indec

    The economy registered a 2.7 percent increase in July compared to the volume reported during the same month last year, according to the Indec national statistics bureau.

  • 08/10/2012 | Argentina

    Lorenzino blasts credit rating agencies

    Economy Minister Hernán Lorenzino questioned the "credit rating agencies' behaviour" and the tendentious use of their analysis to develop "self fulfilling prophecies."

  • 16/10/2012 | Argentina

    'Argentina's transformation has yet to be completed,' Kicillof

    Deputy Economy Minister Axel Kicillof was the key speaker in the 2013 Budget bill debate taking place in a special committe session in the Senate today. The bill was recently approved by lawmakers in the Lower House of Congress.

  • 17/08/2012 | Argentina

    Economy remains stagnant in June, Indec

    The economy remained flat in June compared to the volume registered in June 2011, according to the Indec national statistics bureau.

  • 17/09/2012 | Argentina

    Moody's downgrades Argentina's outlook

    Moody's Investor Service agency has downgraded Argentina's outlook from stable to negative, stating that it was due to risky economic policies along with the lack of confidence in official statistics.

  • 21/09/2012 | Argentina

    Economy remains stagnant in second quarter, Indec

    The economy remained flat in the second quarter of the year compared to the same time period of 2011, Indec national statistics bureau reported.

  • 09/07/2012 | Argentina

    'It's clear that the economy has dropped'

    The head of the Argentine Industrial Union, José Ignacio de Mendiguren, admitted that "it's clear that the activity level has dropped," and warned that "the construction-related sectors are delying new projects."

  • 20/07/2012 | Argentina

    Economy drops 0.5% in May, Indec

    The economy dropped 0.5 percent in May in comparison to the volume registered during the same month of 2011, Indec national statistics bureau reported.

  • 03/08/2012 | Argentina

    Gov't makes final payment of Boden 2012

    The Government today made its final $2.2 billion payment on bonds issued to savers whose dollar- denominated bank accounts were frozen by the Government a decade ago.

  • 15/06/2012 | Argentina

    CFK stresses Argentina’s economic stability, promising future’ during lunch with executives in NY

    “Argentina has a promising future,” President Cristina Fernandez de Kirchner told US executives during a lunch today at the Council of the Americas in New York.

  • 15/06/2012 | Argentina

    Economy grows 0.6% in April, Indec

    The economy grew 0.6 percent in April compared to the volume reported in the same month last year, according to the Indec national statistics bureau.

  • 28/06/2012 | Argentina

    CFK met with De Vido and Kicillof before heading to Mendoza

    President Cristina Fernández de Kirchner met today with Planning Minister Julio De Vido and the Deputy Minister of Economy before heading to Mendoza to take part in the Mercosur summit.

  • 18/05/2012 | Argentina

    Economy grows 4% in March, Indec

    The economy grew 4 percent in March according to the Indec national statistics bureau. The Economic Activity Monthly Estimator (EMAE) accumulated a 4.8 percent increase in the first quarter of the year.

  • 06/06/2012 | Argentina

    'My dollar fixed-term bank deposit will be pesified,' CFK

    President Cristina Fernández de Kirchner today insisted on the need of saving in pesos instead of dollars and announced that she would "pesify" her dollar fixed-term bank deposit.

  • 14/06/2012 | Argentina

    'The economy is in a recession,' Viglione

    Economist Abel Viglione assured that the Argentine economy is in a recession as the visited Ambito Debate tv show, which airs on cable news network C5N.

  • 20/04/2012 | Argentina

    Economy grows 5.2% in February

    The economy grew 5.2 percent in February year-on-year, and registered a slight drop due to the expansion rythm of the previous month, the Indec national statistics bureau reported.

  • 24/04/2012 | Argentina

    Greece's economy will contract more than 5% in 2012, central bank chief warns

    Greece's central bank chief said economy will contract a deeper than expected 5 percent this year, and urged strict adherence to reform and fiscal adjustment commitments Greece has agreed with its euro zone partners.

  • 16/05/2012 | Argentina

    Ferreres: Economy grows 0.6% in April

    Argentina's Gross Domestic Product increased 0.6 in April year-on-year, according to the Activity General Index (IGA-OJF) elaborated by the private agency Orlando J. Ferreres & Asociados.

  • 24/01/2012 | Argentina

    Fiscal surplus reaches $4.9 billion pesos in 2011

    The fiscal surplus almost reached $5.000 billion pesos in 2011, when the country's economy grew 9.2 percent, according to the announcement made by Vice-President Amado Boudou in his last day as acting president.

  • 14/03/2012 | Argentina

    Wall Street retreats, as European stocks end high

    The S&P 500 broke a five-day streak of gains as investors found little reason to extend a rally that took the benchmark index to four-year highs. Meanwhile, European stocks ended higher, with benchmarks closing at levels not seen since August.

  • 26/03/2012 | Argentina

    Economy grows 5.5% in January, Indec

    The economy grew 5.5 percent in January compared to the volume registered in the same month last year, according to the Indec national statistics bureau.

  • 02/12/2011 | Argentina

    Further subsidy cuts include City neighbourhoods, government buildings

    Economy Minister Amado Boudou and Planning Minister Julio De Vido announced further subsidy cuts on utility services will be implemented, following a subsidy cut scheme announced this month by the government on several sectors.

  • 07/12/2011 | Argentina

    Boudou bashes credit-rating agencies, 1990's liberal philosophy

    Economy Minister and Vice-President-elect Amado Boudou once again charged against credit-rating agencies and accused them of being “a source and transmission of problems”, and questioned the liberal philosophy the country experienced during the decade of 1990, during a summit conference organized by the Economy Ministry and the World Bank.

  • 22/12/2011 | Argentina

    Economy grows 8.1% in October

    The monthly economic activity index registered an 8.1 percent increase in October compared to the volume reported during same month last year.

  • 17/11/2011 | Argentina

    Capitanich highlights subordination of economy to politics

    Chaco’s Governor Jorge Capitanich highlighted the “subordination of the economy to politics” while visiting Ámbito de Debate TV show, and added that the only one “who has a clue over the new cabinet is the President.”

  • 18/11/2011 | Argentina

    Economy grows 7.7% in September

    Indec national statistics bureau reported that the economy grew 7.7 percent in September year on year. Earlier President Cristina Fernández de Kirchner stated that the nation’s economy had increased by 9 percent in the first nine months of the year.

  • 29/11/2011 | Argentina

    Boudou: ‘In 2012 we'll have autonomy in our decision-making process’

    Economy Minister and Vice-President elect Amado Boudou, anticipated that "next year the Argentine economy will generate a sufficient commercial balance, and will be able to count on the necessary currencies to maintain a certain amount of freedom in the decision-making process."

  • 25/10/2011 | Argentina

    De Mendiguren rules out dual exchange rate scheme

    President of the Argentine Industrial Union (UIA), José De Mendiguren, rejected this morning the possibility of implementing a dual exchange rate scheme, while also expressing that the Government should seek to better competiveness in the economy.

  • 31/10/2011 | Argentina

    AFIP's new controls on dollar purchases start

    Controls on the purchase of US dollars will start today, when the AFIP tax agency will be in charge of authorizing all such operations after the Foreign-Exchange Consultation Programme was established by the AFIP and announced late Friday night by Economy Minister Amado Boudou.

  • 31/10/2011 | Argentina

    CB states economy will grow 'near 9%' this year

    The Central Bank foresees that the country’s economic growth will “be near 9 percent” in 2011, over the 8.3 percent estimated by the government, according to a quarterly report issued by CB Governor Mercedes Marcó del Pont.

  • 14/10/2011 | Argentina

    'Argentina has a margin to face the crisis'

    By Liliana Franco and Pablo Jiménez.
    The cooling of the Brazilian economy that is beginning to show a slight slowdown index is the main concern of Argentine businessmen, but according to former Economy Minister Miguel Peirano there is still no real effect in Argentina.

  • 15/10/2011 | Argentina

    Boudou suggests 'work and social inclusion' as possible growth policies

    Economy Minister Amado Boudou highlighted today the importance that the G20 add “work and social inclusion” to their policies of growth, forming part of the strategy to escape the eurozone crisis.

  • 18/10/2011 | Argentina

    Economy grows 8.6% in August, Indec

    The monthly economic activity index (EMAE) climbed 8.6 percent in August, compared to the same month of 2010, Indec national statistics bureau reported.

  • 27/09/2011 | Argentina

    De Mendiguren urges Argentines to ‘defend, preserve the gov't model’

    The President of the Argentine Industrial Union (UIA), José de Mendiguren said it was necessary to “defend and preserve” the national government's current economic plan, which has achieved the “largest growth cycle” in the country’s history.

  • 05/10/2011 | Argentina

    'The international crisis is affecting Argentina,' De Mendiguren

    The head of the Argentine Industrial Union (UIA), José Ignacio de Mendiguren, warned today that Argentina “is starting to be affected” by the global financial crisis, furthering that the country “is not protected” against the situation.

  • 13/10/2011 | Argentina

    'Austerity will be key in 2012,' Arlía says

    Buenos Aires province Economy Minister Alejandro Arlia said that the district “is getting ready for a 2012 in which austerity will be evident,” while visiting Ambito de debate TV show, Arlía also predicted that the President Cristina Fernández de Kirchner’s administration will have" the strongest political power seen since Juan Domingo Perón."

  • 12/09/2011 | Argentina

    S&P maintains Argentina’s rating

    Standard & Poor’s reported that Argentina’s rating remains as “B” (global scale, local and foreign currency) and “raAA” (national scale for Argentina). It also announced that the trend of the rating is stable, and maintained the rating of transference and convertibility of the country in “B.”

  • 16/09/2011 | Argentina

    GDP grows 9.1% in second quarter, Indec

    The Gross Domestic Product (GDP) climbed 9.1 percent in the second quarter year-on-year, and 2.5 percent against the period from January to March, according to the Indec national statistics bureau.

  • 23/09/2011 | Argentina

    Economy grows 7.6% in July, Indec

    The monthly economic activity index (EMAE) climbed 7.6 percent in July compared to the same month last year, according to the Indec national statistics bureau.

  • 25/08/2011 | Argentina

    Marcó del Pont assures ‘banking system is in its best historical levels’

    Central Bank’s Governor (BCRA) Mercedes Marcó del Pont assured that the Argentine banking system “is in its best historical levels of liquidity, solvency and sluggishness indexes,” referring to Moody’s report.

  • 26/08/2011 | Argentina

    Boudou blasts Moody's

    Economy Minister and Victory Front’s Vice-President candidate Amado Boudou, questioned Moody’s Investor Services by stating that “rating agencies are in the centre of the global economy problems.”

  • 01/09/2011 | Argentina

    'Gov't wishes to reduce unemployment to 5%,' Feletti

    Deputy Minister of Economy, Roberto Feletti spoke on employment levels today and stated that the idea of the government is to “reduce the level of unemployment to 5%.”

  • 04/08/2011 | Argentina

    'Argentina is prepared to face impact of US economy crisis,' Boudou

    Economy Minister Amado Boudou, recognized that the Government is “observing the financial crisis” currently affecting the United States, “with concern,” however also reaffirming that Argentina is “prepared” to face an impact of the crisis to the domestic market.

  • 19/08/2011 | Argentina

    Economy grows 8.2% in June

    The monthly economic activity index (EMAE) grew 8.2 percent in June compared to the same month last year, according to the Indec national statistics bureau.

  • 20/08/2011 | Argentina

    There will be 'no brusque changes' regarding the peso's value, Boudou

    Economy Minister Amado Boudou rejected the possibility that Argentina launches a brusque devaluation to make its exports more competitive, in a scenario in which Brazil is considering devaluating it’s currency for the same reason.

  • 23/06/2011 | Argentina

    Trade surplus plunges 12.8% in May

    The trade surplus dropped 12.8 percent compared to the same month in 2010 and reached 1.68 billion dollars, according to the Indec national statistics bureau.

  • 24/06/2011 | Argentina

    Economy grows 9.1% in the first quarter

    Economy grew 9.1 percent in the first quarter of the year compared to the volume reported in the same period in 2010, the Indec national statistics bureau announced.

  • 18/07/2011 | Argentina

    Economy grows 8.1% in May, Indec reports

    Economy grew 8.1 percent in May, according to Indec national statistics bureau, in comparison to the same volume registered in May 2010.

  • 01/06/2011 | Argentina

    'Argentine economy shows higher figures than any European country,' De Mendiguren says

    José Ignacio De Mendiguren, head of the UIA Argentine Industrial Union, mentioned that the Argentine economy is better “than any European country,” and assured that in Europe “they see our economy as a growing market.”

  • 15/06/2011 | Argentina

    CFK announces economy grew 9.9% in first quarter

    President Cristina Fernández de Kirchner announced that the economy grew 9.9 percent in the first quarter of the year compared to the volume reported in the same period last year.

  • 17/06/2011 | Argentina

    Economy grows 9.9% in first quarter, Indec

    According to the Indec national statistics bureau, the country’s Gross Domestic Product (GDP) climbed 9.9 percent compared to the volume reported in the same period last year.

  • 11/04/2011 | Argentina

    'Boudou goes 'mano-a-mano' with Twitter users; blasts opposition

    Economy Minister Amado Boudou met with many of his Twitter followers in a special Q&A event named “Boudou 2.0,” in the city neighbourhood of San Telmo.

  • 18/04/2011 | Argentina

    Economy grows 8.1% in February, Indec reports

    The economy grew 8.7 percent in February, according to the Indec National Statistics Bureau, in comparison to the volume registered in February 2010. In comparison to January, the economy grew 0.4 percent.

  • 20/05/2011 | Argentina

    Economy grows 7.8% in March, Indec report shows

    Indec statistics bureau reported the Argentine economy grew 7.8 percent in March against the same month of 2010, and advanced 0.5 percent compared to the previous month.

  • 25/03/2011 | Argentina

    Boudou attends IDB Annual Meeting in Canada

    Finance Minister Amado Boudou attended the first day of the 52nd Inter-American Development Bank (IDB) Annual Meeting in Calgary (Canada). The Argentine official will seek to reopen some loan lines to be allocated to Argentina by the financial institution, official sources reported.

  • 28/03/2011 | Argentina

    Economy grows 9.5% in January

    The INDEC National Statistics Bureau reported the government's monthly EMAE economic activity index rose 9.5 percent in January compared to the same month in 2009.

  • 11/04/2011 | Argentina

    IMF: Argentina set for stronger-than-expected rebound

    Strong demand in Brazil and Latin America have created the conditions for a stronger-than-expected economic rebound in Argentina, an International Monetary Fund official said.

  • 14/03/2011 | Argentina

    'Economy is far from hitting bumps in the road to the elections,' Boudou

    Economy Minister Amado Boudou assured that despite this being an election year, the economy is “far from hitting bumps in the road due to the elections like it used to happen before,” when the dollar exchange rate would soar and productivity came to a halt.

  • 18/03/2011 | Argentina

    Boudou praises import-substitution strategy

    Economy Minister Amado Boudou commented on the agreement made between German car maker Volkswagen and the Government yesterday to reduce their trade deficit, saying “it shows the success of import substitution, creating added value and more jobs for Argentina.”

  • 18/03/2011 | Argentina

    GDP grows 9.2% in last quarter of 2010

    Argentina’s economy grew 9.2 percent during the last quarter of 2010 compared to the volume registered during the same period in 2009, according to an official report.

  • 28/01/2011 | Argentina

    Boudou praises UIA's statement, expects mounting investments

    Economy Minister Amado Boudou praised a statement released by the Argentine Industrial Union (UIA) saying "UIA's stance proves investors perceive an important level of economic certainty."

  • 03/02/2011 | Argentina

    Gov’t expands accusations over Papel Prensa irregularities

    Economy Minister Amado Boudou presented a report conducted by the Sigen state controller agency, in which several administrative irregularities inside the Papel Prensa plant are pointed out.

  • 05/02/2011 | Argentina

    New York Times warns about Argentina’s inflation

    The article of the New York headed “Inflation, an old scourge, plagues Argentina again” states the harsh current situation of the country’s economy.

  • 17/12/2010 | Argentina

    Economy grows 8.6% in third trimester, Indec

    The Indec national statistics bureau reported the Gross Domestic Product climbed 8.6 percent in the third trimester compared to the same period last year. Argentina's economy soars 9.1 percent in the first nine months of the year, Indec added.

  • 22/12/2010 | Argentina

    Economy grows 7.2% in October

    The monthly economic activity index (EMAE) increased 7.2 percent in October compared to the same month last year, according to the Indec national statistics bureau.

  • 21/01/2011 | Argentina

    Economy grows 9.8% in November, Indec

    Government's monthly EMAE economic activity index rose 9.8 percent in November compared to the same month in 2009, according to the Indec national statistics bureau.

  • 11/07/2014 | World

    Federal Reserve fears risks posed by exit tools; plan almost done

    US Federal Reserve officials are cautiously nearing completion of a new plan for managing interest rates, concerned that some of the new tools they are likely to rely on could pose unintended risks in a crisis.

  • 15/07/2014 | World

    Fed's Yellen says US recovery incomplete, defends loose policy

    The US economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee today.

  • 16/06/2014 | World

    IMF cuts US growth outlook, says full employment years off

    The International Monetary Fund cut its growth forecast for the United States today and said the economy would not reach full employment until the end of 2017, allowing the Federal Reserve to bide its time before raising interest rates.

  • 06/07/2014 | World

    IMF's Lagarde hints at world growth forecast cut

    Global economic activity should strengthen in the second half of the year and accelerate in 2015, although momentum could be weaker than expected, IMF chief Christine Lagarde said, hinting at a slight cut in the Fund's growth forecasts.

  • 09/07/2014 | World

    Federal Reserve mulls policy exit, eyes October end of asset purchases

    The Federal Reserve has begun detailing how it plans to ease the US economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage interest rates in the future, according to minutes of the last Fed policy meeting.

  • 31/03/2014 | World

    Euro zone inflation drops to lowest since 2009

    Euro zone inflation hit its lowest level since November 2009 in March, a shock drop that raises expectations the European Central Bank will take radical action to stop the threat of deflation in the currency bloc.

  • 30/04/2014 | World

    Fed shows faith in US economy, announces bond-buying reduction

    The Federal Reserve looked past a dismal reading on first quarter US growth and gave a mostly upbeat assessment of the economy's prospects as it announced another cut in its massive bond-buying stimulus.

  • 21/05/2014 | World

    Federal Reserve begins policy exit talks

    Federal Reserve policymakers last month began laying groundwork for an eventual retreat from easy monetary policy with a discussion of how to best control interest rates as they remove trillions of dollars from the financial system.

  • 06/03/2014 | World

    ECB holds rates, in face of deflation risk

    The European Central Bank left its main interest rate unchanged at a record low of 0.25 percent today, holding course despite fears inflation could get stuck in a "danger zone" below 1 percent.

  • 12/03/2014 | World

    Europe fails to bridge divide on banks reform

    Europe appeared far away from making good its crisis pledge to tackle weak banks as lawmakers and country representatives failed to bridge differences over how to close down troubled lenders.

  • 19/03/2014 | World

    Fed says to keep rates low even after economy regains health

    The Federal Reserve today said it could keep interest rates unusually low even after the U.S. job market returns to full strength and inflation rises to the central bank's target.

  • 19/02/2014 | World

    Fed keeps reduction of monetary stimulus

    The Federal Open Market Committee (FOMC) of the Federal Reserve decided to maintain the reduction of their monetary stimulus policy “at a moderate rate,” official acts revealed.

  • 28/02/2014 | World

    Euro zone inflation stabilizes in 'danger zone'

    Euro zone inflation stabilized in what the European Central Bank has called the "danger zone" in February, data showed today, while unemployment remained stuck near record highs ahead of an ECB policy meeting next week.

  • 28/02/2014 | World

    US: fourth-quarter growth cut to 2.4%

    The US government slashed its estimate for fourth-quarter growth as consumer spending and exports were less robust than initially thought, leaving the economy on a more sustainable path of modest expansion.

  • 11/02/2014 | World

    Yellen says labour market hasn't recovered yet

    Federal Reserve Chair Janet Yellen said today the US central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was "far from complete."

  • 18/02/2014 | World

    US Federal Reserve adopts tough capital rules for foreign banks

    The US Federal Reserve adopted tight new rules for foreign banks to shield the US taxpayer from costly bailouts, ceding only minor concessions despite pressure from abroad to weaken the rule.

  • 19/02/2014 | World

    IMF sees risk in advanced economies cutting back stimulus too quickly

    Advanced economies, including the United States, must avoid pulling back stimulus too quickly given the weak global economic recovery and recent market volatility highlights key risks in some emerging markets, the International Monetary Fund said today.

  • 06/01/2014 | World

    Who is Janet Yellen?

    Janet Yellen was confirmed by the US Senate on Monday to become the next chair of the Federal Reserve. She will succeed Ben Bernanke when his term expires on Jan. 31.

  • 07/11/2013 | World

    ECB cuts rates to new low after inflation tumble

    The European Central Bank cut interest rates to a new record low responding to a slump in inflation that has sparked fears the euro zone's recovery could stall.

  • 09/11/2013 | World

    Chinese leaders hold key meeting to set economic reform agenda

    China began a four-day secret meeting today to set a reform agenda for the next decade as they try to push more sustainable growth after three decades of breakneck expansion. However, analysts have cautioned against expectations for big changes as they say stability remains the watchword for the leadership.

  • 12/11/2013 | World

    China vows 'decisive' role for markets

    China's ruling party pledged to let markets play a "decisive" role in allocating resources as it unveiled a reform agenda for the next decade looking to overhaul the world's second-largest economy to drive growth.

  • 26/10/2013 | World

    China promises 'unprecedented' reforms

    A top Chinese leader has promised "unprecedented" economic and societal reforms at the Communist Party's much anticipated plenum meeting. The broad reform agenda is expected to steer the world's second-largest economy from a reliance on debt-fuelled investment to a more balanced model driven more by consumption, services and innovation.

  • 30/10/2013 | World

    Fed maintains strong stimulus as US growth stumbles

    The Federal Reserve extended its support for a slowing US economy today, saying it will keep buying $85 billion in bonds per month for the time being.

  • 07/11/2013 | World

    China to keep growth steady, push reforms

    China will keep economic growth steady while forging ahead with reforms, Premier Li Keqiang was quoted by state television as saying today.

  • 30/09/2013 | World

    US gov't on brink of shutdown, Congress remains deadlocked

    US President Barack Obama has prepared Americans for what he called an "entirely preventable" government shutdown while urging Republicans in Congress to reach an 11th-hour deal to avoid economic harm.

  • 02/10/2013 | World

    ECB's Draghi, reiterating pledge on low rates, says euro zone slowly recovering

    The euro zone economy remains on track for a slow recovery, European Central Bank President Mario Draghi said today, reiterating the ECB's pledge to keep interest rates low for now.

  • 22/10/2013 | World

    US job growth lost momentum before budget fight hit

    US employers added far fewer than expected workers in September, suggesting a loss of momentum in the economy that supported the Federal Reserve's decision to maintain its monthly bond purchases.

  • 18/09/2013 | World

    US Federal Reserve sticks to stimulus, worried about growth soft spots

    The US Federal Reserve said that it would continue buying bonds at an $85 billion monthly pace for now, surprising financial markets that were braced for a reduction in the central bank's economic stimulus.

  • 20/09/2013 | World

    Bullard: Fed could taper in October, depending on data

    The US Federal Reserve could still scale back its massive bond buying program at an October meeting should data point to a stronger economy, St. Louis Fed President James Bullard said today.

  • 22/09/2013 | World

    Pope attacks worship of 'god of money'

    Pope Francis has made one of his strongest attacks yet on the global economic system, saying it could no longer be based on a "god called money" and urged the unemployed to fight for work.

  • 05/09/2013 | World

    ECB holds rates, says ready to act to counter unwarranted money market rates

    The European Central Bank said today it was ready to cut interest rates or pump more money into the euro zone economy if necessary to bring money market rates down and help the euro zone's economic recovery.

  • 06/09/2013 | World

    G20 says economy recovering but no end to crisis yet due to emerging markets' volatility

    The Group of 20 said today the global economy was improving but it was too early to declare an end to crisis with emerging markets facing increasing volatility.

  • 16/09/2013 | World

    Obama says will not negotiate with Congress on debt ceiling

    President Barack Obama said today he would not negotiate with Congress over whether to raise the US debt ceiling and chided Republicans for threatening to bring the government to a halt in an effort to repeal his signature healthcare reform law.

  • 21/08/2013 | World

    Fed meeting minutes offer few clues on timing of QE3 reduction

    Only a few Federal Reserve policymakers thought it would soon be time to "slow somewhat" the pace of the central bank's bond-buying at a meeting last month, while others emphasized patience in deciding when to start to wind down the stimulus program.

  • 04/09/2013 | World

    IMF sees emerging economies vulnerable to US tampering

    Advanced economies led by the United States will increasingly drive global growth while emerging countries are at risk of slowing due to tighter US monetary policy, the International Monetary Fund said in a note obtained by Reuters today.

  • 04/09/2013 | World

    Stiglitz on vulture funds: 'US court ruling tendentious, economically dangerous'

    A column signed by Nobel laureate Joseph E. Stiglitz named "The Vulture's victory" stressed "a recent decision by a United States appeals court threatens to upend global sovereign-debt markets."

  • 01/08/2013 | World

    ECB holds rates, confirms will remain there for 'extended period'

    ECB President Mario Draghi hinted that policy would not be tightened until well into next year at the earliest, although the central bank will give no time horizon for when rates might move.

  • 02/08/2013 | World

    Argentine Leiderman withdraws candidacy to head Bank of Israel

    Argentine Leo Leiderman, chief economist at Bank Hapoalim, has withdrawn his candidacy to become the next governor of the Bank of Israel, Prime Minister Benjamin Netanyahu's office said in a statement today.

  • 16/07/2013 | World

    Lagarde: Unconventional policies must be 'phased out carefully'

    The world's major central banks must phase out their unconventional monetary policies carefully, the head of the International Monetary Fund said today.

  • 17/07/2013 | World

    Bernanke: bond tapering to begin later this year

    Federal Reserve Chairman Ben Bernanke said today the US central bank still expects to start scaling back its massive asset purchase program later this year, but left open the option of changing that plan in either direction if the economic outlook shifted.

  • 29/07/2013 | World

    IMF approves $2.3 billion aid for Greece

    The International Monetary Fund's board completed the fourth review of Greece's bailout program, and approved a further 1.7 billion euros ($2.3 billion) in funds for the cash-strapped euro zone state.

  • 08/07/2013 | World

    Euro zone grants multi-billion euro lifeline for Greece

    Greece secured a 6.8 billion euro lifeline from the euro zone today, officials told reporters, but was told it must keep its promises on cutting public sector jobs and other reforms in order to get all the cash.

  • 09/07/2013 | World

    UK GDP grows 0.6% in second quarter

    Britain's economic growth rate doubled to 0.6 percent in the second quarter, largely driven by the private service sector, the National Institute of Economic and Social Research said today.

  • 12/07/2013 | World

    Fitch cuts French credit rating on budget, economy woes

    Fitch today cut France's credit rating to AA-plus on an uncertain economic outlook amid the ongoing euro zone crisis and the need for structural reform, costing the monetary union's number two economy its last major triple-A rating. The outlook is stable.

  • 02/07/2013 | World

    EU officials: Greece has three days to deliver or face consequences

    Greece has three days to reassure Europe and the International Monetary Fund it can deliver on conditions attached to its international bailout in order to receive the next tranche of aid, four euro zone officials said today.

  • 02/07/2013 | World

    Euro zone joblessness at record high, inflation up

    Euro zone unemployment is at a record high and consumer prices are being driven upward by volatile energy and food prices, data showed today.

  • 04/07/2013 | World

    ECB holds rates as euro crisis threatens to return

    The European Central Bank left interest rates unchanged today and will try to reassure investors rattled by new turmoil in Europe and the US Federal Reserve's plans to begin winding up its stimulus.

  • 18/06/2013 | World

    'ECB ready to act to aid the euro zone economy if needed,' Draghi

    The European Central Bank is ready to act to aid the euro zone economy if needed, while signs of market stabilization mean interest rates are becoming a more effective tool again, ECB chief Mario Draghi said today.

  • 19/06/2013 | World

    World Bank concerned about effects of slowing of US money creation

    The World Bank is concerned about the spillover effects on developing countries of a slowing of US money creation and will move to provide affordable capital when borrowing costs rise, its president said.

  • 26/06/2013 | World

    US first-quarter growth cut to 1.8%

    Gross domestic product expanded at a 1.8 percent annual rate, the Commerce Department said in its final estimate today. Output was previously reported to have risen at a 2.4 percent pace after a 0.4 percent stall speed in the fourth quarter.

  • 31/05/2013 | World

    Record unemployment, low inflation according to euro zone report

    Unemployment has reached a new high in the euro zone and inflation remains well below the European Central Bank's target, underscoring just how severe a challenge EU leaders face to revive the bloc's sickly economy.

  • 06/06/2013 | World

    ECB holds rates, expecting recovery soon

    The European Central Bank kept its main interest rate on hold at a record low 0.5 percent today as it waits to see whether early signs of stabilization in the euro zone will blossom into an economic recovery.

  • 10/06/2013 | World

    S&P revises US credit outlook to 'stable'

    Credit rating agency Standard & Poor's today upgraded its credit outlook for the US government to "stable" from "negative," saying the chances of a downgrade of the country's rating is "less than one in three."

  • 10/05/2013 | World

    Wall Street ends up for third straight weekly gain

    US stocks ended modestly higher registering a third straight weekly advance as gains in Google and other technology shares helped offset a slide in energy shares; equities in Europe closed higher.

  • 10/05/2013 | World

    Fed's Bernanke says shadow banking system still poses risks

    Federal Reserve Chairman Ben Bernanke said that the shadow banking system continued to pose a threat to financial stability, and that bank funding markets might still not be able to cope with a major default.

  • 29/05/2013 | World

    OECD cuts global growth forecast on euro zone recession

    The recession-hit euro zone will fall further behind a generally improving United States and a rebounding Japan this year, the OECD said today, cutting its global growth forecasts.

  • 02/05/2013 | World

    Draghi: ECB cut rates because of weak economy, tame inflation

    Extended weak economic activity and tame inflation persuaded the European Central Bank to cut interest rates, ECB President Mario Draghi said today.

  • 03/05/2013 | World

    EU sees deeper euro zone recession in 2013

    The euro zone economy will contract by more than expected this year and budget deficits will decline more slowly, the European Commission said today as it set out forecasts for the next two years.

  • 10/05/2013 | World

    US sends Japan currency warning as G7 meets

    The United States told Japan it would be watching for any sign it was manipulating its currency lower but Tokyo said it met no resistance to its policies at a meeting of Group of Seven finance ministers.

  • 25/04/2013 | World

    Spain joblessness hits new high

    Unemployment in Spain jumped to a record 27.2 percent, data showed today, fuelling a European debate over whether to ditch austerity policies and switch to reviving economic growth.

  • 25/04/2013 | World

    Europe austerity debate to weigh on Spain's new economic plans

    Spain will unveil new economic plans that government officials say will tread a fine line between growth and austerity.

  • 28/03/2013 | World

    Cyprus reopens banks under tight restrictions

    Cypriots queued calmly at banks as they reopened under tight controls imposed on transactions to prevent a run on deposits after the government was forced to accept a stringent EU rescue package to avert bankruptcy.

  • 01/04/2013 | World

    Cyprus plans tax breaks, casinos to kickstart economy

    Cyprus plans to lift a ban on casinos and offer firms tax exemptions on profits reinvested on the island under a package of reforms to kickstart its ailing economy, its president said.

  • 04/04/2013 | World

    BOJ to pump $1.4 trillion into economy in unprecedented stimulus

    The Bank of Japan unleashed the world's most intense burst of monetary stimulus today, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows.

  • 24/03/2013 | World

    EU deal emerging to shut Cyprus bank, inflict losses

    Cyprus reached an outline deal with international lenders for a 10 billion euro ($13 billion) bailout that would shut down its second largest bank and inflict heavy losses on uninsured depositors, an EU spokesman said early.

  • 27/03/2013 | World

    Moody's: Euro zone overrates ability to curb contagion

    The euro zone's awkward handling of Cyprus's bailout puts extra pressure on the bloc's downgrade-threatened sovereign ratings and shows policymakers overestimate their ability to contain the crisis, credit agency Moody's said.

  • 27/03/2013 | World

    BRICS to create new development bank

    The BRICS grouping of emerging powers has agreed on the creation of a development bank that will rival Western-backed institutions. The announcement came as the leaders of Brazil, Russia, India, China and South Africa gathered for a summit in Durban.

  • 08/03/2013 | World

    Sturdy US job gains offer bright sign for economy

    US employers stepped up hiring in February, adding a greater-than-expected 236,000 workers to their payrolls and helping to push the jobless rate to a four year-low in a bright signal on the economy's health.

  • 13/03/2013 | World

    Italy three-year debt cost at 2013 high after downgrade

    Italy's three-year borrowing costs rose to their highest since December after Fitch cut its credit rating last week, but the country also managed to sell the top planned amount of a new 15-year bond.

  • 22/03/2013 | World

    UK says working to fix economy after warning by Fitch

    A warning by ratings agency Fitch that it may cut the UK's AAA credit rating in the coming weeks shows how deep the country's economic problems remain but the government is on track to fix them, a Treasury spokesman said today.

  • 14/02/2013 | World

    Euro zone economy falls deeper into recession

    The euro zone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year.

  • 20/02/2013 | World

    Spain's Rajoy says no relaxation on reforming economy

    Spain's Prime Minister Mariano Rajoy said his government would not relax efforts to turn around the Spanish economy after keeping the country's public deficit for 2012 under 7 percent of Gross Domestic Product.

  • 27/02/2013 | World

    UK fears recession as economy shrank in 2012

    Britain's economy contracted by 0.3 percent in the last quarter of 2012 as first thought, keeping alive the danger of a third recession since 2008, although yearly growth was revised up, data showed.

  • 01/02/2013 | World

    US jobs data point to steady economic growth

    US Employment grew modestly in January and factory activity touched a nine-month high, supporting views the economy's mild recovery remained on track.

  • 07/02/2013 | World

    ECB holds rates at 0.75%

  • 07/02/2013 | World

    ECB says will monitor impact of euro strength

    The European Central Bank will monitor the economic impact of a strengthening euro, ECB President Mario Draghi said today, feeding expectations the climbing currency could open the door to an interest rate cut.

  • 14/01/2013 | World

    Bernanke says raising the US debt ceiling is critical

    US Federal Reserve Chairman Ben Bernanke urged US lawmakers to lift the country's borrowing limit to avoid a potentially disastrous debt default, warning that the economy was still at risk from political gridlock over the deficit.

  • 18/01/2013 | World

    US Fed missed warning signs in 2007 as crisis gathered steam

    Top policymakers at the US Federal Reserve felt for most of 2007 that problems in housing and banking were isolated and unlikely to tear down the economy as they ultimately did.

  • 25/01/2013 | World

    Britain's economy shrinks more than expected

    Britain's economy shrank more than expected at the end of 2012 with a North Sea oil production slump, lower factory output and a hangover from London Olympics pushing it perilously close to a "triple-dip" recession.

  • 04/01/2013 | World

    Mediocre job growth points to slow grind for US economy

    US employers kept their pace of hiring steady in December, falling short of the levels needed to bring down a still lofty unemployment rate and pointing to lackluster economic growth in 2013.

  • 14/01/2013 | World

    Obama says refusal to lift debt ceiling would trigger economic chaos

    Obama, at a news conference, said the US economy was poised for a good year as long as Washington politics did not interfere.

  • 12/12/2012 | World

    Fed ramps up stimulus in new approach to support growth

    The Federal Reserve ramped up its stimulus to the economy yesterday, expressing disappointment with the pace of recovery in employment as contentious US budget talks heighten uncertainty about the outlook.

  • 17/12/2012 | World

    Boehner and Obama conclude latest fiscal talks, no word of progress

    US President Barack Obama and Speaker of the House of Representatives John Boehner met at White House for about 45 minutes today, but there was no word of any progress in their bid to avert the looming "fiscal cliff," an aide said.

  • 02/01/2013 | World

    Global stocks extend gains on 'cliff' deal

    US stocks kicked off the new year with their best day in over a year today, sparked by relief over a last-minute deal in Washington to avert the "fiscal cliff" of tax hikes and spending cuts that threatened to derail economic growth. The deal also sent European shares to 20-month highs.

  • 16/11/2012 | World

    OECD report: Rising obesity strains Europe's shrinking health budgets

    More than half of Europeans are obese or overweight, adding significant pressure to healthcare costs at a time when spending is being cut by governments, the OECD and European Commission said today.

  • 20/11/2012 | World

    Budget fight threatens US recession, Bernanke says

    Federal Reserve Chairman Ben Bernanke said today that 2013 could be a "very good year" for the US economy if politicians can strike a quick deal to avoid the so-called fiscal cliff.

  • 27/11/2012 | World

    OECD cuts global economic forecasts

    The OECD slashed its global growth forecasts today, warning that the debt crisis in the recession-hit euro zone is the greatest threat to the world economy.

  • 05/11/2012 | World

    Greece faces 48-hour strike over austerity cuts

    Greek workers begin a 48-hour strike tomorrow to protest against a new round of austerity cuts that unions say will devastate the poor and drive a failing economy to collapse.

  • 08/11/2012 | World

    Draghi: economic outlook weak, not improving

    The European Central Bank expects the euro zone economy to remain poor, ECB President Mario Draghi said after the bank left interest rates unchanged today.

  • 15/11/2012 | World

    Euro zone falls into second recession since 2009, data shows

    The debt crisis dragged the euro zone into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed.

  • 26/10/2012 | World

    US economy grows 2%

    The US Commerce Department announced today gross domestic product expanded at a 2.0 percent annual rate, accelerating from the second quarter's 1.3 percent pace.

  • 01/11/2012 | World

    UK risks sliding to EU exit, Deputy PM Clegg warns

    Britain faces a crisis that could end with the world's sixth largest economy leaving the European Union, Deputy Prime Minister Nick Clegg warned ahead of a showdown over budget spending with other states in the 27-member bloc.

  • 02/11/2012 | World

    Storm Sandy to cost New York state economy up to $18 bln

    Temporary losses to New York state's economy from super storm Sandy could reach $18 billion, State Comptroller Thomas DiNapoli said.

  • 11/10/2012 | World

    IMF urges Europe to put brake on deep budget cuts

    The IMF today backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good.

  • 11/10/2012 | World

    Biden, Ryan clash sharply on foreign policy, economy in debate

    Vice President Joe Biden and rival Republican Paul Ryan clashed sharply over foreign policy in a high-stakes debate, with Biden aggressively defending the Obama administration's policies and dismissing Ryan's criticism as "malarkey."

  • 20/10/2012 | World

    Monti expects to see Italy recovery signs within months

    Prime Minister Mario Monti said he expected it would be only a few more months before signs of recovery start to emerge in the recession-hit Italian economy.

  • 01/10/2012 | World

    Euro zone joblessness risks 'economic disaster'

    The EU warned today of an "economic and social disaster" if joblessness among young Europeans continued to rise, calling for a joint effort to combat record high unemployment in the countries which share the euro.

  • 04/10/2012 | World

    Romney goes on offensive in first debate with Obama

    Mitt Romney battled back in his uphill drive to oust President Barack Obama with an aggressive debate performance that put his campaign on a more positive footing after weeks of stumbles and knocked Obama off-stride.

  • 08/10/2012 | World

    UK government to slash welfare after next election

    Britain's Conservative-led government will trim an extra 10 billion pounds (US$16 billion) a year from its welfare budget and make cuts across the board in the next phase of austerity if re-elected, its finance minister today.

  • 06/09/2012 | World

    Obama unites hope with realism in pitch for re-election

    US President Barack Obama asked US citizens for patience in rebuilding the weak economy as he appealed for a new term in office and defiantly rejected Republican Mitt Romney's proposals to restore growth.

  • 08/09/2012 | World

    China, Russia sound alarm on world economy at APEC summit

    China and Russia sounded the alarm about the state of the global economy at a summit on Saturday and urged Asian-Pacific countries to protect themselves by forging deeper regional economic ties.

  • 11/09/2012 | World

    Global stocks gain on Fed easing outlook

    US and European stocks rallied and Treasuries slipped on expectations a German court would not interfere with a euro zone rescue plan and that the Federal Reserve would again ease US monetary conditions.

  • 24/08/2012 | World

    UK's recession less severe than first thought

    Economy shrank less than first thought in the second quarter despite a hefty drag from trade, but the wider picture of economic weakness was little changed, data today showed.

  • 28/08/2012 | World

    Spanish recession deepens as austerity plan moves forward

    Spain’s recession worsened in the second quarter as the government’s austerity push to reduce the euro area’s third-biggest budget deficit and a slump in consumer spending offset growth in exports.

  • 06/09/2012 | World

    IMF deems ECB's action 'an important step toward strengthening stability in Europe'

    Managing Director Christine Lagarde of the International Monetary Fund (IMF) showed strong support of the European Central Bank's new framework for intervention in the euro zone debt crisis, deeming today's action 'an important step toward strengthening stability and growth.'

  • 22/08/2012 | World

    Fed ready to ease 'fairly soon,' minutes show

    The Federal Reserve is likely to deliver another round of monetary stimulus "fairly soon" unless the economy improves considerably, minutes from the central bank's August meeting show.

  • 23/08/2012 | World

    US jobless claims rise to highest level in five weeks

    The number of Americans filing new claims for jobless benefits unexpectedly rose last week, suggesting the labor market is healing too slowly to make much of a dent in the unemployment rate.

  • 23/08/2012 | World

    Fed official says economy data has improved in recent weeks

    A Federal Reserve official today leaned against the impression that the US central bank was locked into easing monetary policy at its meeting next month, noting that economic data had improved in recent weeks.

  • 09/08/2012 | World

    OECD sees emerging market slowdown spreading to Russia

    Russia looks headed towards an economic slowdown, joining fellow emerging market powerhouses India and China whose economies are also showing signs of faltering, the latest report from the OECD showed today.

  • 14/08/2012 | World

    Euro zone economy shrinks despite German growth

    The euro zone's debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out.

  • 22/08/2012 | World

    US Budget Office sees worse economic wreckage from 'fiscal cliff'

    Massive spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution, US Congress' budget office said.

  • 01/08/2012 | World

    Fed says economy weaker but leaves policy on hold

    The Federal Reserve stopped short of offering new monetary stimulus even as it signalled further bond buying could be in store to help a US economic recovery that it said had lost momentum this year.

  • 05/08/2012 | World

    Romney says more Fed stimulus would not help US economy

    Republican presidential candidate Mitt Romney said that a fresh round of monetary stimulus from the Federal Reserve would not help the fragile US economy.

  • 06/08/2012 | World

    Bernanke: despite recovery, many facing tough times

    Federal Reserve Chairman Ben Bernanke said that although broad measurements of the economy point to recovery, many people and businesses are facing tough times.

  • 23/07/2012 | World

    Spain's Central Bank says economy sank deeper into recession in second quarter

    Spain's economy sank deeper into recession in the second quarter, its central bank said as investors spooked by an undeclared funding crisis in its regions pushed the country ever closer to a full bailout.

  • 25/07/2012 | World

    Britain sinks far deeper into recession than forecast

    Britain's economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending cuts and the neighboring euro zone crisis.

  • 27/07/2012 | World

    Spain discusses state bailout; ECB seen writing off Greek debt

    Spain has at last conceded it may need a state bailout and policymakers are considering writing down Greek debt to their central banks, European officials said, as markets anticipated radical new action to pull the continent out of its debt maelstrom.

  • 05/07/2012 | World

    ECB cuts rates to new low, no move on bolder measures

    The European Central Bank cut interest rates to a record low today to breathe life into a deteriorating euro zone economy but steered clear of more dramatic measures such as buying government bonds or flooding banks with fresh liquidity.

  • 10/07/2012 | World

    OECD sees no end to jobs crisis as economy struggles

    Unemployment in advanced economies will remain high until at least the end of 2013, with young people and the low-skilled bearing the brunt of what is by far the weakest economic recovery in the past four decades, the OECD said today.

  • 18/07/2012 | World

    World Bank chief warns no region immune to Europe crisis

    World Bank President Jim Yong Kim warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world.

  • 11/06/2012 | World

    OECD: weakness spreading to Asia, Europe debt woes continue

    There are signs that the economies of two of the world's leading emerging powerhouses, India and China, are starting to falter, while Europe continues to be handicapped by its debt woes, the latest report from the OECD showed today.

  • 12/06/2012 | World

    Obama, after tough week, defends record on economy

    US President Barack Obama stoutly defended his economic record after a stream of bad news - and an uncharacteristic verbal misstep of his own - rallied Republican hopes that they can defeat him in November.

  • 29/06/2012 | World

    Global shares rally after EU agreement

    World stocks rallied today after euro zone leaders agreed on measures to cut soaring borrowing costs in Italy and Spain, in addition to directly recapitalizing regional banks.

  • 06/06/2012 | World

    Fed: More upbeat on economy in Beige Book

    Economic growth in the United States picked up over the last two months and hiring showed signs of a "modest increase," the Federal Reserve said in a report that ran counter to a growing sense of economic gloom.

  • 07/06/2012 | World

    'Fed is monitoring significant risks for the US from Europe crisis'

    Federal Reserve Chairman Ben Bernanke said today the central bank was ready to shield the economy if financial troubles mount, but offered few hints that further monetary stimulus was imminent.

  • 08/06/2012 | World

    Obama urges Europe to act quickly on crisis

    President Barack Obama said that European leaders face an "urgent need to act" to resolve the region's financial crisis as the threat of a renewed recession there spells dangers for an anemic US recovery five months before elections.

  • 12/05/2012 | World

    Thousands march against economic gloom in Spain, UK

    Thousands of Spaniards fed up with economic misery and waving banners against bankers marched on Saturday to mark the first anniversary of the grassroots "Indignados" movement that has sparked similar protests around the world.

  • 22/05/2012 | World

    OECD sees euro crisis threatening world recovery

    The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain its flaring growth crisis, the OECD said today.

  • 06/06/2012 | World

    Trichet: EU institutions need emergency powers

    Europe's key institutions should have emergency powers to override economic and financial policies at a national level in times of crisis, Jean-Claude Trichet, former head of the European Central Bank, said today.

  • 27/04/2012 | World

    Romney keeps focus on economy despite Obama attacks

    White House candidate Mitt Romney kept his focus on attacking President Barack Obama's handling of the economy, in the face of Democrats' attempts to paint the Republican hopeful as weak on national security.

  • 10/05/2012 | World

    US jobless claims fall, trade gap widens

    The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns the labor market was deteriorating after April's weak employment growth.

  • 11/05/2012 | World

    Fitch warns euro zone of downgrades if Greece exits

    Credit rating agency Fitch put the whole of the euro zone on notice today that were Greece to leave the currency bloc as a result of its current crisis, the remaining countries could find their sovereign ratings at risk.

  • 25/04/2012 | World

    US: Bernanke says Fed prepared to do more for economy

    US Federal Reserve Chairman Ben Bernanke today said the US central bank "would not hesitate" to launch another round of bond purchases to drive borrowing costs lower if it looked like the economy needed it.

  • 27/04/2012 | World

    Global stocks rally by the end of the week

    US stocks advanced and posted their best weekly gains in a month as stronger-than-expected earnings from Amazon.com and Expedia Inc reinforced confidence in corporate performance. Meanwhile, Europe's top share index rose.

  • 27/04/2012 | World

    US economic growth cools in the first quarter

    US gross domestic product expanded at a 2.2 percent annual rate, the Commerce Department said today in its advance estimate, moderating from the fourth quarter's 3 percent rate.

  • 17/04/2012 | World

    'World economy fragile faces uneasy calm,' IMF says

    Global growth is slowly improving as the U.S. recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile, the International Monetary Fund said.

  • 20/04/2012 | World

    G20 doubles IMF's war chest amid fears on Europe

    Leading world economies pledged $430 billion in new funding for the International Monetary Fund, more than doubling its lending power in a bid to protect the global economy from the euro-zone debt crisis.

  • 25/04/2012 | World

    Britain's economy falls in its second recession since financial crisis

    Britain's economy has fallen into its second recession since the financial crisis after an shock contraction at the start of 2012,the Office for National Statistics said, adding that Britain's gross domestic product fell 0.2 percent in the first quarter of 2012 on top of a 0.3 percent decline at the end of 2011.

  • 12/04/2012 | World

    US jobless claims unexpectedly rise last week

    New claims for unemployment benefits rose last week in the US to their highest level since January, a development that could raise fears the labor market recovery was stalling after job creation slowed in March.

  • 13/04/2012 | World

    Wall Street, European shares fall on Spanish, Chinese data

    US stocks closed their worst two-week slide since November with a selloff as disappointing China growth data sparked worries the global recovery was flagging. Meanwhile, European shares went into reverse after two days of gains as concerns over euro zone sovereign debt returned.

  • 16/04/2012 | World

    US retail sales beat expectations in March

    US retail sales rose more than expected in March as Americans shrugged off high gasoline prices and bought a range of goods, suggesting that economic growth in the first quarter did not slow as much as many had feared.

  • 26/03/2012 | World

    Bernanke says US economy needs faster growth to dent joblessness

    The economy needs to grow more quickly if it is to produce enough jobs to bring down the unemployment rate further, Federal Reserve Chairman Ben Bernanke said today.

  • 29/03/2012 | World

    US fourth-quarter GDP unrevised at 3%

    The US economy expanded as expected in the fourth quarter while personal income grew at a much faster pace than previously thought, which should help underpin spending this quarter.

  • 04/04/2012 | World

    ECB's Draghi: Exit strategy talk is premature

    ECB President Mario Draghi said today that the euro zone inflation outlook did not warrant a retreat from loose monetary policy given the poor state of the bloc's economy.

  • 16/03/2012 | World

    S&P 500 ends best week with quiet day, European shares edge up

    Global stocks advanced, with a broad measure of US equities rising to an almost four-year high after news of subdued inflation added to investment sentiment and helped fuel a retreat in government debt markets.

  • 21/03/2012 | World

    Global stocks mostly slip, tech keeps S&P near 4-yr highs

    US stocks mostly fell, weighed by the energy services sector, but gains in technology shares buoyed the Nasdaq and helped keep the S&P 500 near four-year highs. Meanwhile, European shares fell.

  • 23/03/2012 | World

    Wall Street bounces back as European shares suffer worst week

    US stocks rose in light volume, buoyed by rising energy and basic materials shares, as the S&P 500 kept showing resilience even as it posted its second negative week so far this year. Meanwhile, European shares closed fractionally lower to record their steepest weekly loss since the start of the year.

  • 07/03/2012 | World

    Global stocks claw back after US jobs report

    US stocks broke a three-day losing streak, recovering some recent losses after a report showed the US private sector added more jobs than expected last month. Meanwhile, European stocks bounced from one-month lows, helped by an upbeat US job report.

  • 13/03/2012 | World

    ECB Draghi: 'We are alert to the risk of inflation although it's not materializing'

    European Central Bank President Mario Draghi said today that the euro zone's economy appears to be stabilizing but inflation risks were not currently materializing as a large output gap remained.

  • 15/03/2012 | World

    US jobless claims fall, manufacturing holds up

    US economic growth showed signs of becoming more self-sustaining as the number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing activity in the Northeast picked up this month.

  • 28/02/2012 | World

    Wall Street advances; ECB cash injection boosts European shares

    Strong US consumer confidence helped stocks advance and the S&P 500 to pierce the key 1,370 point level. Meanwhile, European shares edged up as investors braced for the next round of the European Central Bank's (ECB) injection of cheap cash for banks, a major factor in driving the market's rally in 2012.

  • 01/03/2012 | World

    Global stocks rise on data, ECB cash injection

    US stocks rose, moving back to 2008 highs, after a jump in bank shares and further upbeat data on the labor market, though sharp gains in oil prices limited the advance. Meanwhile, European shares closed higher, boosted by euro zone banks.

  • 02/03/2012 | World

    Wall Street dips, eyes on oil prices

    The S&P 500 and Nasdaq notched their eighth week of gains in the last nine, but momentum ran out on Friday as shares ended the day lower after a thinly traded session.

  • 27/01/2012 | World

    Geithner: US economy is growing but still faces challenges

    The US economy is growing at 2-3 percent but still faces big challenges to repair damage wrought by the financial crisis, Treasury Secretary Timothy Geithner said.

  • 21/02/2012 | World

    Global stocks slip, cooled by rising oil prices

    US stocks retreated today, undermined by rising oil prices and doubts about the success of Europe's second bailout package for Greece, but earlier the Dow Jones industrial average rose above 13,000 for the first time in nearly four years

  • 24/02/2012 | World

    Global stocks end higher

    The S&P 500 inched higher to close at the highest since before the collapse of Lehman Brothers in 2008, continuing a pattern of steady gains on signs of US economic recovery. Meanwhile, European share price edged up.

  • 21/12/2011 | World

    Spain's Rajoy names cabinet of insiders

    Spanish Prime Minister Mariano Rajoy named a cabinet of mostly close advisers charged with reviving the sluggish economy while slashing spending to reassure investors the euro zone's No. 4 economy can stay solvent.

  • 11/01/2012 | World

    Fed says US economy expanding moderately

    The Federal Reserve said the economy continued to expand modestly through the end of 2011 as holiday spending proved robust, but a weak job market was still preventing incomes from rising.

  • 20/01/2012 | World

    Italian cabinet approves deregulation package

    Italy's cabinet approved legislation to deregulate some service sectors and professions in an effort to increase competition, cut costs to consumers and boost chronically weak growth in the euro zone's third largest economy.

  • 14/12/2011 | World

    UK unemployment hits 17-year high as recession looms

    The number of Britons out of work rose to its highest level in more than 17 years in October, and these jobless figures look set to rise further as firms facing the threat of a renewed recession cut back on staff.

  • 19/12/2011 | World

    New Spanish leader pledges deep crisis cuts

    Spain's incoming Prime Minister Mariano Rajoy took aim at his country's economic woes Monday, promising deep spending cuts at all levels of government while offering tax breaks for companies.

  • 19/12/2011 | World

    IMF: 'Developing nations should boost economic defences'

    The IMF director Christine Lagarde urged developing countries today to shore up their defences, especially foreign exchange reserves, against a possible European recession next year.

  • 02/12/2011 | World

    Fisher: Fiscal deficits hurt Fed's efforts on economy

    Federal deficits are complicating efforts by the US Federal Reserve to help the economy, but using the central bank as a printing press to solve the problem "is not an option," a top Fed official said.

  • 12/12/2011 | World

    Sarkozy: French AAA rating loss would be surmountable

    A loss of France's AAA credit rating would add to the country's difficulties but would not be insurmountable, French President Nicolas Sarkozy said in a interview published today.

  • 13/12/2011 | World

    Fed sees risks from Europe, some improvement in US

    The Federal Reserve pointed to turmoil in Europe as a big risk to the US economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the US labor market.

  • 17/11/2011 | World

    US jobless claims at 7-month low

    New US claims for jobless benefits hit a seven-month low last week, while permits for future home construction rebounded strongly last month, bolstering views the economy was gaining traction.

  • 21/11/2011 | World

    Moody's warns on French rating outlook

    A rise in interest rates on French government debt and weaker growth prospects could be negative for the outlook on France's credit rating, Moody's warned in a report, adding to pressure on European debt markets.

  • 02/12/2011 | World

    Merkel says debt crisis will take years to solve

    German Chancellor Angela Merkel called for rapid EU treaty change to remedy the root causes of the euro zone's debt crisis but warned that Europeans faced a long, hard "marathon" to restore lost credibility.

  • 14/11/2011 | World

    Lagarde warns crisis must be solved to avoid negative spiral

    The head of the International Monetary Fund (IMF), Christine Lagarde, warned that it is necessary to solve the crisis in the euro zone to avoid that the global economy enters in a “negative spiral of distrust and weakened growth.”

  • 16/11/2011 | World

    European Central Bank steps in to counter bond rout

    The European Central Bank stepped in to stem an accelerating sell-off of euro zone government bonds today, traders said, after the United States called for more decisive action to halt a spreading sovereign debt crisis.

  • 16/11/2011 | World

    EU's Barroso: euro zone must integrate to survive

    The euro zone faces a systemic crisis and will not survive unless it becomes more integrated and disciplined, possibly through a change of the European Union's treaty, European Commission President Jose Manuel Barroso said.

  • 02/11/2011 | World

    Fed lowers GDP forecast, holds policy steady

    The US Federal Reserve left monetary policy on hold and offered a moderately brighter economic outlook, but flagged risks to growth that appeared to leave open the door for further easing.

  • 07/11/2011 | World

    IMF's Lagarde urges euro zone to redouble efforts

    The head of the International Monetary Fund urged the euro zone today to redouble efforts to overcome its sovereign debt crisis and said the global economy faced increasing risks of a slowdown.

  • 14/11/2011 | World

    OECD: All major economies headed for slowdowns

    None of the world's major economies will escape a slowdown, the Organization for Economic Co-operation and Development said, highlighting increasing signs that growth momentum is dwindling across the board.

  • 25/10/2011 | World

    IMF considering participation in EU bailout fund

    The International Monetary Fund is considering taking part in a special investment vehicle being proposed by the euro zone bailout fund but has not made a decision yet, euro zone officials said today.

  • 27/10/2011 | World

    US: consumers, businesses pump up Q3 growth

    The economy grew at its fastest pace in a year in the third quarter as consumers and businesses stepped up spending, creating momentum that could carry into the final three months of the year.

  • 28/10/2011 | World

    EU plan should restore confidence in banks, Fitch says

    Europe's plan to halt the spread of a debt crisis will help restore confidence in banks and should leave the senior debt ratings of even most of the weakest ones unaffected, Fitch Ratings said.

  • 12/10/2011 | World

    Fed's Plosser: Weak jobs market a serious challenge

    The September jobs report was "a bit of positive news", but the pace of jobs growth is still too slow to make a significant dent in the unemployment rate, a Federal Reserve policymaker said today.

  • 17/10/2011 | World

    European watchdog urges banks to improve pay disclosure

    Not a single major European bank is providing enough transparency and detail on staff pay, and disclosure needs to improve, Europe's banking watchdog said today.

  • 24/10/2011 | World

    Obama tests go-it-alone steps for US economy

    President Barack Obama launched the first in a series of executive actions aimed at bypassing Republicans in Congress to show American voters he is serious about tackling a jobs and housing crisis that endangers his re-election.

  • 07/10/2011 | World

    IMF chief: Greece-troika talks not over, hope to end soon

    The head of the International Monetary Fund's mission for Greece said a review of the country's progress under a bailout deal would hopefully be concluded positively soon, but talks were not yet finished.

  • 07/10/2011 | World

    US nonfarm payrolls rise in September, jobless rate steady

    Employment grew more than expected in September and job gains for the prior months were revised higher, according to a government report that could ease fears the economy was heading into recession.

  • 12/10/2011 | World

    UK unemployment hits highest since 1994

    Unemployment in Britain has jumped to its highest level since 1994, with young people hit hardest as private companies fail to make up for job losses in the public sector, piling pressure on the government to boost a stagnant economy.

  • 29/09/2011 | World

    Fed says twist will do little for growth

    The Federal Reserve's move last week to further lower borrowing costs was risky and won't significantly speed up a "painfully protracted" recovery, one of the officials who dissented against the decision said today.

  • 30/09/2011 | World

    Weak income curbs US consumer spending in August

    Consumer spending adjusted for inflation was flat in August as income fell for the first time in nearly two years amid a weak labor market, according to a government report.

  • 06/10/2011 | World

    Trichet sees intensified downside risks to growth

    Downside risks to economic growth in the euro zone have intensified, European Central Bank President Jean-Claude Trichet said today, taking a slightly more gloomy view than a month ago.

  • 22/09/2011 | World

    Geithner: EU crisis, US politics, biggest threats to economy

    US Treasury Secretary Timothy Geithner said that the European debt crisis and the political divisions in the United States were the biggest threats to the global economy.

  • 26/09/2011 | World

    Obama says eurozone crisis is 'scaring the world'

    US President Barack Obama said the debt crisis in Europe was "scaring the world" and that European leaders were dealing with the issue but not as quickly as needed.

  • 29/09/2011 | World

    US second-quarter growth revised up to 1.3%

    The US economy grew slightly more than previously reported in the second quarter, helped by consumer spending and export growth that was stronger than earlier estimated, according to a government report that pointed to slow growth rather than a recession.

  • 16/09/2011 | World

    Lagarde warns recovery options narrowing

    Options for a sustainable economic recovery are narrowing, Christine Lagarde, Managing Director of The International Monetary Fund, said in an opinion piece for a German newspaper.

  • 19/09/2011 | World

    International lenders say Greece must shrink state to avoid default

    International lenders told Greece it must shrink its public sector and improve tax collection to avoid default within weeks as investors spooked by political setbacks in Europe dumped risky euro zone assets.

  • 21/09/2011 | World

    Fed ramps up aid to economy with $400 billion 'twist'

    The Federal Reserve dialed up its aid to the beleaguered US economy, launching an effort to put more downward pressure on long-term interest rates over time and help the battered housing sector.

  • 13/09/2011 | World

    US Congress budget agency lowers economic outlook

    The US economy will grow slower than anticipated and joblessness will stay high as the fallout of the deepest recession since the Great Depression takes its toll, the Congressional Budget Office said today.

  • 15/09/2011 | World

    US jobless claims post surprise increase last week

    The number of Americans filing new claims for jobless benefits rose unexpectedly last week in a sign concerns about a weak economy were sapping an already beleaguered labor market, data showed.

  • 16/09/2011 | World

    Global stocks rally on Europe hope, euro slips

    Global equities rose for a fourth straight day, but the euro slid as hope Europe was finally getting a grip on the region's debt crisis was offset by lingering fears Greece is still at risk of default.

  • 09/09/2011 | World

    Lagarde: 'Policymakers should take more action to support recovery'

    Policymakers in advanced economies should use all available tools to boost growth, International Monetary Fund Managing Director Christine Lagarde said today, calling for bold action to weather a "dangerous new phase" of recovery.

  • 09/09/2011 | World

    US demands action from Europe's strongest at G7

    The United States pressed Europe's strongest economies today to give "unequivocal" financial support to weaker euro zone states to overcome a debt crisis that threatens the world economy.

  • 12/09/2011 | World

    Central bankers see no global recession

    Economic growth is slowing but there is no sign of a worldwide recession, according to global central bankers who said they had no plans for concerted action.

  • 07/09/2011 | World

    Fed: Many regions saw mixed or slower growth

    The sluggish recovery failed to gain any speed in recent weeks and softened in some areas of the nation, the Federal Reserve said today.

  • 08/09/2011 | World

    OECD says growth outlook worsens, urges G20 response

    The outlook for economic growth in developed countries has got much worse in the last three months, the OECD said today, urging leaders of G7 and G20 countries to send strong signals to restore flagging confidence.

  • 08/09/2011 | World

    Bernanke: Fed to help restore strong growth

    Federal Reserve Chairman Ben Bernanke said the US central bank would spare no effort to boost disappointingly weak growth and lower unemployment, and he downplayed concerns about inflation.

  • 02/09/2011 | World

    NYT editorial recommends Obama to look to Argentina 'for inspiration'

    An opinion editorial of the US newspaper The New York Times titled “Argentina’s turnaround tango” stated that President Barack Obama and the US Congress should look to Argentina “for inspiration” in economic policies issues. Nevertheless, the article also warned about the corruption and “government opacity“ of the Latin American country.

  • 05/09/2011 | World

    Obama previews jobs speech, challenges Republicans

    US President Barack Obama previewed proposals for new infrastructure spending and an extension of payroll tax cuts as part of a major jobs package he will unveil this week, and challenged Republicans to find common ground with him.

  • 06/09/2011 | World

    World Bank's Zoellick says double-dip recession unlikely

    "I don't believe that the United States or the world will go into a double-dip but there's high degrees of uncertainty," Zoellick told reporters in Singapore.

  • 26/08/2011 | World

    Bernanke: Fed prepared to use tools to spur growth

    Federal Reserve Chairman Ben Bernanke stopped short of signaling further action to boost growth, but said it was critical for the economy's health to reduce long-term joblessness.

  • 01/09/2011 | World

    US has 'enormous' debt problem: ECB's Stark

    A debt crisis is still gripping the developed world, European Central Bank policymaker Juergen Stark said, adding there was no alternative but for countries to take painful steps to consolidate their public finances.

  • 02/09/2011 | World

    US job growth grinds to a halt in August

    US employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish US businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.

  • 19/08/2011 | World

    Gold hits new record as equities fall

    Gold jumped to a record high and global equity markets extended a sharp sell-off as fears of a global recession and a funding crunch for regional banks in Europe intensified.

  • 19/08/2011 | World

    Fed: It will take years to lower unemployment

    The economy is growing so slowly that it will take years to wrench lofty unemployment rates back to normal levels, Cleveland Federal Reserve Bank President Sandra Pianalto said.

  • 22/08/2011 | World

    Moody's says Greek collateral deals are negative for rating

    A series of agreements forcing Greece to provide collateral in return for aid from foreign governments would be negative for the credit ratings of Greece and other troubled euro zone states, Moody's ratings agency said.

  • 12/08/2011 | World

    Greek recession slows in Q2 but austerity hurting

    Greece's severe recession slowed in the second quarter, data showed today, but economists said recessionary pressures would worsen in the second half as new austerity measures bite, jeopardising Athens' ability to meet EU/IMF fiscal targets.

  • 12/08/2011 | World

    Firm US retail sales tamp recession worries

    US retail sales in July posted their biggest gain since March, tempering fears that the world's largest economy might be slipping back into recession.

  • 13/08/2011 | World

    'Governments failed to anticipate the crisis,' UK Economics professor says

    The BuenosAiresHerald.com spoke with economics professor Dr Renatas Kizys, who currently teaches Economics at the University of Portsmouth in the UK, to get an expert outlook on the current global economic market.

  • 10/08/2011 | World

    Obama, Bernanke discuss economy recovery

    President Barack Obama met with Federal Reserve Chairman Ben Bernanke and discussed the "perspectives to recover the economy," a day after the Fed announced it would keep rates near zero for two years.

  • 11/08/2011 | World

    US jobless claims fall to 4-month low

    New US claims for unemployment benefits dropped to a four-month low last week, government data showed today, a rare dose of good news for an economy that has been battered by a credit rating downgrade and falling share prices.

  • 12/08/2011 | World

    French economy stagnates in second quarter

    French economic growth ground to a halt as household spending shrank in the second quarter, raising pressure on the government to announce cutbacks to convince turbulent markets it will deliver on debt reduction targets.

  • 02/08/2011 | World

    Obama says more needed to boost US economy

    President Barack Obama said a just-passed bill to raise the US debt ceiling and cut spending was a first step toward ensuring the United States lives within its means but that more was needed to rebuild the world's largest economy.

  • 05/08/2011 | World

    US July payrolls rise may soothe recession fears

    US job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession.

  • 05/08/2011 | World

    White House: 'We still have a long way to go'

    It is encouraging that US job growth accelerated more than expected in July, but the country still has a long way to go to recovery, a top White House adviser said.

  • 29/07/2011 | World

    US: weak growth raises concerns on economy

    The US economy came perilously close to flat-lining in the first quarter and grew at a meager 1.3 percent annual rate in the April-June period as consumer spending barely rose.

  • 01/08/2011 | World

    US factory growth slows, casts shadow on economy

    US manufacturing grew at its slowest pace in two years in July as new orders contracted, a troubling development for the faltering economy.

  • 02/08/2011 | World

    US June consumer spending in first fall in nearly 2 years

    US consumer spending unexpectedly fell in June to post the first decline in nearly two years as incomes barely rose, a government report showed, suggesting economic growth could remain subdued in the third quarter.

  • 21/07/2011 | World

    Statement by the Heads of State or government of the Euro area and EU Institutions

    Statement issued by euro zone leaders after an emergency summit of the 17-nation currency area.

  • 25/07/2011 | World

    IMF calls for US debt rise, warns of global economic repercussions

    The International Monetary Fund urged the United States to swiftly raise the debt ceiling to ward off risks of a credit downgrade that could damage the global economy.

  • 26/07/2011 | World

    IMF chief urges US to resolve debt spat immediately

    IMF chief Christine Lagarde urged the United States to quickly resolve a political stalemate over raising the debt ceiling, warning that failure to reach an agreement would have serious consequences for the world economy.

  • 08/07/2011 | World

    Obama: 'Debt limit fight fuels business uncertainty'

    President Barack Obama, speaking after the release of a gloomy US jobs report for June, cited the debt limit dispute, along with the crisis in Greece, as among factors making companies more hesitant to hire and invest.

  • 11/07/2011 | World

    OECD: Major economies heading for slowdown

    The world's leading economies are headed for a slowdown, the OECD said in its latest monthly economic overview, highlighting signs the US economy is reaching a turning point in its growth cycle.

  • 14/07/2011 | World

    Bernanke: deep spending cuts could derail recovery

    Federal Reserve Chairman Ben Bernanke warned Congress that overzealous cuts to government spending could derail an already fragile recovery and said a US debt default could wreak financial havoc.

  • 29/06/2011 | World

    IMF says US should hike debt limit to avert global shock

    In an annual review of US economic conditions, the IMF said the key challenge the country faces is finding a way to stabilize its debts by mid-decade without derailing growth, which is likely to remain modest for some time.

  • 04/07/2011 | World

    S&P warning adds default threat to Greece's bailout

    Greece would likely be in default if it follows a debt rollover plan pushed by French banks, S&P warned, deepening the pain of a bailout that one European official said will cost Athens sovereignty and jobs.

  • 06/07/2011 | World

    Lagarde pledges to push on with IMF reforms, says economy 'on the rebound'

    New International Monetary Fund Managing Director Christine Lagarde pledged to push ahead with reforms to give fast-growing emerging markets greater sway at the global lender. At a news conference on her second day on the job, she added that the global economy was rebounding from the 2007-2009 financial crisis but unevenly.

  • 06/06/2011 | World

    IMF backs UK policy but warns of growth risks

    The International Monetary Fund backed the British government's plans to reduce the budget deficit, but said tax cuts or more quantitative easing may be needed if growth proves persistently weak.

  • 07/06/2011 | World

    Obama's rating on economy hits new low

    US citizens' disapproval of how President Barack Obama is handling the economy and its growing budget deficit has reached new highs amid broad frustration over the slow pace of economic recovery, according to a Washington Post-ABC New poll released on today.

  • 08/06/2011 | World

    IMF: US slowdown likely temporary

    The Federal Reserve does not need to consider additional monetary policy stimulus as the world's largest economy is likely to pick up in coming quarters due to growth in exports and disposable incomes, IMF acting chief John Lipsky said.

  • 20/05/2011 | World

    Europeans race to nominate Strauss-Kahn successor

    European leaders raced today to nominate a successor for fallen IMF chief Dominique Strauss-Kahn before a G8 summit in France next week, with French Economy Minister Christine Lagarde in pole position.

  • 25/05/2011 | World

    OECD sees growth firm, but risks abounding

    Global economic recovery is on track, helped by a stronger United States, but threats ranging from high oil prices to European sovereign debt crises could yet combine to create a bout of stagflation, the OECD said.

  • 03/06/2011 | World

    White House says jobless rate 'unacceptably high'

    The White House said the US unemployment rate was unacceptably high while trying to put a brave face on a report that showed employers hired far fewer workers than expected in May.

  • 14/04/2011 | World

    BRICS demand global monetary shake-up, greater influence

    The BRICS group of emerging-market powers kept up the pressure for a revamped global monetary system that relies less on the dollar and for a louder voice in international financial institutions.

  • 29/04/2011 | World

    Half of Americans hopeful about financial future

    Half of Americans are hopeful about their future despite a gloomy outlook for the economy, according to a new survey. The poll of about 2,000 adults showed that although only 16 percent of Americans consider themselves well off.

  • 29/04/2011 | World

    Bernanke says US economy needs more time to heal

    The US economy is not fully recovered from its deep recession, with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said in a speech spelling out ways the US central bank has studied lower income communities.

  • 17/03/2011 | World

    US to help Ireland with economic woes

    US President Barack Obama said he had discussed with Irish Prime Minister Enda Kenny how Ireland will bounce back from economic turmoil.

  • 25/03/2011 | World

    US fourth quarter profits increase 3.3%

    The US economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves to meet rising demand, while corporate profits increased 3.3 percent, a government report showed.

  • 07/04/2011 | World

    ECB raises interest rates to 1.25%

    The European Central Bank raised interest rates by 25 basis points to 1.25 percent, announcing its first hike since July 2008 to counter firming inflation pressures in the 17-countryeuro zone.

  • 05/03/2011 | World

    China admits inflation leads to social unrest

    China is on course for another five years of robust growth, but inflation threatens social stability and must be tamed, Premier Wen Jiabao said.

  • 09/03/2011 | World

    Chip sector losses hit Nasdaq; IBM supports Dow

    A weak outlook from Texas Instruments weighed on the Nasdaq and pushed an index of chip makers below a key technical level in a worrisome sign for the market's six-month uptrend.

  • 15/03/2011 | World

    Fed maintains rates, says economy steadier

    The US Federal Reserve maintained its ultra-loose monetary policy, saying the economy was gaining traction while flagging potential inflation risks from costlier energy and food.

  • 17/02/2011 | World

    IMF warns of growing risks, would welcome weaker dollar

    The International Monetary Fund will warn G20 finance ministers this weekend of growing risks to the world economy from surging food prices and public finances while also advocating a somewhat weaker dollar.

  • 01/03/2011 | World

    Bernanke: oil prices could lead to weaker growth, higher inflation

    Offering no hint that he was considering cutting short the Fed's $600 billion stimulus, Bernanke told the Senate Banking Committee he saw increasing evidence that the US economic recovery was becoming self-supporting. At the same time, he warned job growth remains far too anemic.

  • 05/03/2011 | World

    President Obama denounces political spending cuts

    President Barack Obama said that spending cuts to narrow the US budget deficit must not be politically motivated or threaten the economy as it climbs out of recession.

  • 03/02/2011 | World

    Bernanke says growth, inflation still missing Fed goals

    The US economic recovery still needs help from the Federal Reserve despite signs of improvement, the central bank's chairman Ben Bernanke said.

  • 09/02/2011 | World

    Obama's ratings inch up, according to poll

    US President Barack Obama's approval ratings inched up again this month as Americans grew slightly more optimistic about the economy and the future, according to a Reuters/Ipsos poll.

  • 09/02/2011 | World

    Bernanke says job growth, inflation still too low

    In testimony to the US House of Representatives' Budget Committee that largely echoed a speech he delivered last week, Bernanke also warned about the dangers of unsustainable budget deficits.

  • 04/01/2011 | World

    Stock index futures inch up

    Stock index futures pointed to a slightly higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.08 percent, Dow Jones futures up 0.09 percent and Nasdaq 100 futures up 0.02 percent at 0921 GMT.

  • 07/01/2011 | World

    US payrolls rise 103,000 in December, jobless rate falls

    The US economy created far fewer jobs that expected in December, suggesting the Federal Reserve will complete its asset buying program, but the unemployment rate dropped to its lowest in more than 1-1/2 years.

  • 01/02/2011 | World

    Joblessness, rising prices could spark war within nations: IMF chief

    The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned.

  • 14/12/2010 | World

    Fed keeps policy on hold, says recovery too slow

    The US Federal Reserve said the economic recovery was still too slow to bring down unemployment, reaffirming its commitment to purchase $600 billion in bonds to stimulate growth and create jobs.

  • 22/12/2010 | World

    US third-quarter growth revised up to 2.6%

    Economic growth was a touch higher than previously estimated in the third quarter, but below expectations as a rise in the pace of inventory accumulation was offset by downward revisions to consumer spending, a government report showed.

  • 28/12/2010 | World

    US consumer confidence unexpectedly falls in December

    Consumer confidence unexpectedly deteriorated in December, hurt by increasing worries about the jobs market, according to a private report released today.

  • 29/03/2014 | Latin America

    Cuba approves new foreign investment law

    Cuba's National Assembly passed a new foreign investment law that aims to bring badly needed capital to the communist economy by offering steep tax cuts and promising a climate of investment security.

  • 12/04/2014 | Latin America

    French foreign minister meets Raul Castro on historic visit to Cuba

    France's foreign minister met with Cuban President Raul Castro during the first visit to the island by such a high-ranking French official in 31 years and a sign of the quickening pace of improving ties between the European Union and Havana.

  • 09/12/2013 | Latin America

    Maduro pledges to 'deepen the economic offensive' this week

    Venezuelan President Nicolas Maduro pledged to deepen his "economic offensive" to force businesses to cut prices after his ruling Socialist Party won the most votes in weekend municipal elections.

  • 30/01/2014 | Latin America

    Latin America better prepared to weather turmoil, IMF says

    Latin America as a whole is better prepared to deal with global market turbulence than it used to be but it is important that the region stay alert, the International Monetary Fund said today.

  • 11/02/2014 | Latin America

    'Not clear who is in charge of Argentina's economy,' Uruguayan minister says

    It is not clear where the government commanded by Cristina Fernández de Kirchner is heading to, Economy Minister of neighboring Uruguay Mario Bergara affirmed saying the economic ups and downs in Argentina have deeply impacted on Uruguayan exports, tourism and real state activities.

  • 29/05/2013 | Latin America

    Brazil's economy grows 0.6% in first quarter, below expectations

    Brazil's economy grew 0.6 percent in the first quarter from the fourth quarter of 2012, government statistics agency IBGE said today, below expectations.

  • 12/07/2013 | Latin America

    Brazil economic activity falls sharply in May

    Economic activity in Brazil fell sharply in May versus the previous month, central bank data showed today, suggesting a an uneven pace of recovery in the second quarter.

  • 24/07/2013 | Latin America

    ECLAC: Slower Brazil, Mexico to weigh on Latam growth this year

    Economic growth in Latin America and the Caribbean is seen at 3 percent in 2013, a slower pace than initially forecast, the United Nations economic body for Latin America said today.

  • 02/01/2013 | Latin America

    Brazil posts smallest trade surplus in a decade

    Brazil posted its smallest annual trade surplus in a decade last year as a sluggish global economy curbed demand for its products despite government efforts to boost exports.

  • 19/01/2013 | Latin America

    Maduro slams business leaders over Venezuela economy comments

    Venezuela's vice president hit out at the country's business leaders, saying they were seeking to destabilize the nation while cancer-stricken President Hugo Chávez fights to recover from surgery.

  • 28/01/2013 | Latin America

    Economists cut Brazil 2013 GDP growth view to 3.1%

    Economists trimmed their forecasts for Brazil's economic expansion this year for the fourth straight week to 3.10 percent, a weekly central bank survey showed today.

  • 15/08/2012 | Latin America

    Economic situation in Argentina could affect Uruguay, Mujica

    Uruguay’s President José Mujica said today that the economic situation in Argentina could affect the neighbouring country.

  • 13/09/2012 | Latin America

    Brazil offers new round of tax relief to boost economy

    Brazil rolled out additional stimulus measures to bolster its sluggish economy on Thursday, extending tax breaks to more than two dozen industries and reducing the cost of acquiring capital goods in a bid to help struggling local businesses.

  • 02/10/2012 | Latin America

    LatAm growth will fall to 3.2% in 2012, UN's ECLAC

    The weak global economy, mainly due to the difficulties faced by Europe, United States and China, has affected growth in Latin America and the Caribbean. In 2012, the region's growth will be slower than in previous years, according to estimates presented today by ECLAC.

  • 23/04/2012 | Latin America

    Cuba plans massive shift to 'non-state' sector

    Cuba will move nearly 50 percent of the state's economic activity to the "non-state" sector, a senior Communist party official said, the latest signal the island is headed toward a mixed economy.

  • 26/07/2012 | Latin America

    Cuba broadens economic reforms, plans new measures

    Cuba adopted a new tax code this week and said it would loosen regulations on some state companies while turning others into cooperatives, as one of the world's last Soviet-style economies moves in a more market-friendly direction.

  • 27/07/2012 | Latin America

    Brazil's Rousseff pledges more economic stimulus

    Brazilian President Dilma Rousseff said today her government will unveil more measures to stimulate the economy in August and September, including investments in ports, airports, railroads and highways.

  • 13/12/2010 | Latin America

    Argentina to grow 8.4% in 2010, 4.8% next year: ECLAC

    Following a 1.9 percent decline in 2009, Latin America and the Caribbean will grow by 6 percent in 2010 thanks to the economic recovery posted by most countries in the region, while Argentina's GDP is expected to have grown 8.4 percent by the end of this year, and 4.8 percent in 2011 according to an annual report launched by UN's ECLAC Commission today.

  • 30/07/2011 | Latin America

    Unasur to hold 'urgent meeting' to face possible US crisis

    The Union of South American Nations (Unasur) will hold an “urgent meeting,” suggested by Colombia, to establish actions to protect the region from the possible economic crisis of the United States, the Ecuadoran President Rafael Correa reported.

  • 01/12/2011 | Latin America

    Brazil seeks to stimulate economy, consumption

    Brazil's Finance Minister Guido Mantega announced today a series of measures aimed at stimulating the economy and domestic consumption, amid an international crisis mainly affecting developed nations.

  • 30/04/2013 | Argentina

    CFK slams Sanz’s economy ill-will

    The President hit out at the opposition for putting “spokes” in her “wheel” and specifically at Radical (UCR) Senator Ernesto Sanz for expressing last week his hope for a weak economic performance until October so as to diminish the Victory Front’s (FpV) chance of electoral success.


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