Saturday, February 1, 2014
The U.S. economy grew at a robust annual rate of 3.2 percent in the fourth quarter despite the partial government shutdown in October, according to Commerce Department data released Thursday.
Strong U.S. growth figures brought a reprieve to markets on Thursday after a Federal Reserve stimulus cut rattled emerging economy currencies despite rate rises by India, South Africa and Turkey.
Argentina appears powerless in the face of the hemorrhage of the peso, as the central bank reported Thursday it had burned through US$2.1 billion in reserves in January alone.
Wednesday, January 29, 2014
U.S. businesses cut back sharply on their orders for long-lasting manufactured goods in December with a key category that signals business investment plans falling by the biggest amount in five months.
Argentina's peso held stable Monday after last week's sharp devaluation as the public began to take advantage of looser exchange controls, amid concerns over stability in several emerging economies.
Cuba officially opened its new Mariel “megaport” on Monday, hoping the project will put it on the map as a regional shipping hub despite scant foreign investment and the U.S. economic embargo.
Tuesday, January 28, 2014
Elias and Danessa emigrated from Cuba more than a decade ago. Now they are back, sniffing out prospects for starting up businesses — a novelty made possible by a reform introduced a year ago.
Sunday, January 26, 2014
Argentina's peso stabilized Friday after plunging 14 percent in panic-selling over two days, helped by the government's removal of some exchange controls and the central bank's reported resumption of intervention.
Friday, January 24, 2014
Venezuela said Wednesday it would allow only importers of high priority goods like food to buy dollars at the official rate, forcing others to pay nearly twice that.
The Bank of Canada kept its key lending rate at one percent on Wednesday, as inflation drops further below its two percent target.