Economy

• Friday, June 29th 2012 - 01:24 UTC

  China offers 15 billion dollars for infrastructure and better trade terms with Latin America

  

  China has offered to set up a 10 billion dollars credit line for Latin American countries to support infrastructure projects in the region. The proposal was made by China's Premier Wen Jiabao as he wrapped up his visit to the region with a conference at the UN Economic Commission for Latin America and Caribbean, ECLAC, main offices in Santiago de Chile.

• Friday, June 29th 2012 - 01:22 UTC

  Barrick Gold looses in Toronto court major Chilean mining rights to main competitor

  

  Barrick Gold Corporation the world’s largest producer of the metal can’t block Goldcorp Inc.’s 2010 acquisition of a majority stake in the El Morro copper and gold project in Chile.

• Thursday, June 28th 2012 - 21:46 UTC

  Mantega insists Brazil economy picks up in second half and reaches 2.5% annual growth

  

  Brazil's government has taken measures so that economic growth reaches at least 2.5% in 2012, said Finance Minister Guido Mantega following the announcement of new economic stimulus measures that are expected to accelerate the economy in the second half of the year.

• Thursday, June 28th 2012 - 21:39 UTC

  Moody’s downgrades 11 Brazilian banks ratings which could be exposed to a debt crisis

  

  US rating agency Moody's had downgraded the ratings of 11 Brazilian banks by one to three notches, almost all of them to the level of Brazil's sovereign credit rating.

• Thursday, June 28th 2012 - 20:13 UTC

  Grilled calamari the sensation of UK summer boosted by the Dukan diet

  

  As Brits become more adventurous in the kitchen, sales of squid have soared. Calamari is set to be a summer sensation, due in part to the popularity of the Dukan diet.

• Thursday, June 28th 2012 - 08:09 UTC

  Moyano accuses Cristina Fernandez of arrogance, extortion and keeping workers’ monies

  

  Argentina’s chief of the powerful CGT Labour Confederation Hugo Moyano blasted President Cristina Fernandez and her government during a massive rally Wednesday in the heart of Buenos Aires at the highly symbolic Plaza de Mayo.

• Thursday, June 28th 2012 - 07:47 UTC

  FAO/OIE launch global strategy to eradicate foot and mouth disease world wide

  

  The Food and Agriculture Organization of the United Nations (FAO) and the World Organisation for Animal Health (OIE) are joining forces to combat foot-and-mouth disease on a global scale, laying out a detailed strategy to bring the devastating livestock disease under control.

• Thursday, June 28th 2012 - 07:43 UTC

  German cabinet approves plan to balance federal budget three years earlier

  

  As was anticipated and ahead of a crucial European Union leaders summit Chancellor Angela Merkel’s Cabinet approved on Wednesday a spending plan that balances Germany’s federal budget three years earlier than required by its own rules.

• Thursday, June 28th 2012 - 07:37 UTC

  Paraguay manufacturers support the country’s expulsion from Mercosur

  

  Paraguay’s head of the Industrial Union Eduardo Felippo said that he’s supportive of the possibility that the country is excluded from Mercosur, adding that “the rest of the members are going to lose more money than us”

• Thursday, June 28th 2012 - 01:14 UTC

  Bipartisan support for the EU bailout fund ESM in the German Bundestag

  

  The budget committee of Germany's lower house of parliament, the Bundestag, on Wednesday approved with a large majority the bills on the European permanent bailout fund ESM and the EU fiscal compact, it was reported in the Berlin media quoting a source who attended the committee meeting.