International Economy / Markets Articles
Brazil approves US$860mn urban mobility financing for Cearį
Brazil's federal government approved 1.93bn reais (US$857mn) in funding, through its growth acceleration plan PAC, for urban mobility works in Cearį state.
The largest investment, some 1.21bn reais, will go to the state government to be used to build the Linha Oeste line of state capital Fortaleza's metro system. The project involves building an 18.2km line with 13 stations, including electrification.
August 29, 2014 – BNamericas
How bad are Chilean roads?
Chile is often praised in Latin America for its highway concessions, but the success story has a side B, with one of the lowest rates of paved roads in the region and worldwide.
According to public works ministry (MOP) figures, only 23% of Chilean roads are paved, compared to 32.2% in neighbor Argentina, 37.8% in Mexico and 41.8% in Panama. Furthermore, the country is well behind a 53.5% average in middle income nations, 57% worldwide and 79% in the OECD, of which Chile is a member
August 25, 2014 – BNamericas
France's economy minister slams German austerity measures
French Economy Minister Arnaud Montebourg on Saturday criticised German austerity measures and warned France would no longer "be pushed around" by the EU's economic powerhouse.
August 23, 2014 – AFP
Japan exports growth fuels recovery hopes
Japanese exports showed a surprise rise in July, reigniting hopes of growth for the world's third largest economy.
August 20, 2014 – BBC News
UK economy grows at fastest annual pace in over six years in second quarter
Britain's economy kept up its strong growth in the second quarter of 2014 and its yearly pace of expansion was revised up to 3.2 percent, its best performance in more than six years, official data showed on Friday.
August 15, 2014 – Reuters
Brazil Economy in June Fell Most in More Than One Year
Brazil's economy in June fell the most in 13 months as retail and industry slumped, indicating a contraction in the second quarter. Swap rates fell.
August 15, 2014 – Bloomberg
German Economy Shrinks for First Time Since 2013
Germany's economy contracted more than economists forecast last quarter and France stagnated, adding to pressure on the euro area as the Ukraine crisis and slowing inflation (ECCPEST) threaten to derail the region's recovery.
August 15, 2014 – Bloomberg
Japan's economy shrinks sharply after sales tax rise
Japan's economy suffered its biggest quarterly contraction since the 2011 quake and tsunami as a sales tax rise slammed the brakes on growth, data showed Wednesday, throwing into question plans for another increase next year.
August 13, 2014 – AFP
China posts record trade surplus, but domestic economy may lag
China's buoyant exports pushed its trade surplus to a record in July, fuelling optimism global demand will help counter pressure on the domestic economy from a weakening property sector.
August 8, 2014 – Reuters
Brazil denies any 'stagflation' and forecasts economy with 'reasonable' growth level in 2015
Brazil is far from stagflation, central bank chief Alexandre Tombini said on Tuesday, forecasting the economy will pick up speed and inflation will ease in coming months. In similar terms Economy minister Guido Mantega said the economy should pick up in the second half of the year after a slow start and hit more "reasonable" growth levels in 2015.
August 6, 2014 – MercoPress
Chile Economy Grows at Slowest Pace in More Than Four Years
Chile's economy grew less than analysts expected in June, expanding at the slowest pace since the aftermath of an earthquake in February 2010 that devastated the center-south of the country.
August 5, 2014 – Bloomberg
Alberta's Economy Sizzles. The Rest of Canada's Fizzles
In Canada's economy there's Alberta, then there's everywhere else. The oil- and gas-rich western province added 81,800 jobs over the last 12 months, while the rest of Canada lost 9,500.
July 31, 2014 – Bloomberg
Russia's surprise interest rate rise 'to curb inflation'
Russia's central bank has unexpectedly raised its key bank interest rate over concerns about inflation and "geopolitical tension".
July 29, 2014 – BBC News
China manufacturing activity at 18-month high
China's manufacturing activity grew at its fastest pace in 18 months in July, an initial survey by HSBC showed, the latest in a series of signs that the country's economy may be stabilizing.
July 23, 2014 – BBC News
Spain Marks Year of Recovery in Economy Hooked on Exports
As Spain looks to enter a second year of recovery, Mariano Rajoy's repair job on the euro region's fourth-biggest economy might only be half done.
July 21, 2014 – Bloomberg
Brics nations to create $100bn development bank
The leaders of the five Brics countries have signed a deal to create a new $100bn (£58.3bn) development bank and emergency reserve fund.
July 15, 2014 – BBC News
Pace of Global Economy Picks Up Slightly in June
The global economy improved slightly in June, showing some signs of stabilization from weaknesses in prior months.
July 14, 2014 – Natioanal Association of Manufacturers
Lagarde Hints at Global Forecast Cut Even as U.S. Rebounds
International Monetary Fund Managing Director Christine Lagarde signaled a cut in the institution's global growth forecasts, saying investment is still weak and that risks remain in the U.S. even as its rebound accelerates.
July 6, 2014 – Bloomberg
Japan May data show economy slowing but resilient
Japan's economy is slowing following a sales tax hike but not as badly as some economists feared, according to two business surveys released Tuesday.
June 30, 2014 – AP
China factory activity hits multi-month highs, economy steadying
China's factory activity hit multi-month highs in June, official and private surveys showed, reinforcing signs that the world's second-largest economy is steadying as the government steps up policy support.
June 30, 2014 – REuters