Economy

• Tuesday, February 7th 2012 - 06:09 UTC

  China growth could drop by half in 2012 because of the Euro crisis warns IMF

  

  Economic growth in China could drop by half this year in the event of a sharp recession in Europe, the IMF predicted on Monday in a report that underscored the importance of global trade to the world's second largest economy.

• Tuesday, February 7th 2012 - 05:49 UTC

  EU and Mercosur hope they can reach a trade agreement by the end of 2012

  

  The European Union and Mercosur are hopeful they can reach a trade agreement before the end of the year said the EU High Representative for Foreign Affairs and Security Policy, Catherine Ashton during her visit to Brazil.

• Monday, February 6th 2012 - 19:45 UTC

  Brazil privatizes concessions of the country’s three busiest air terminals

  

  Brazil awarded on Monday contracts for private companies to expand and operate terminals at three of the country's busiest airports, hoping concessions worth 24.5 billion Reais (14.21bn dollars) will improve the cramped and delay-plagued facilities amid soaring demand for air travel and preparations for the 2014 World Cup and 2016 Olympics.

• Monday, February 6th 2012 - 07:16 UTC

  Uruguayan president downplays the impact of Argentine imports’ restrictions

  

  The new trade barriers enforced by the Argentine government are “insignificant, nothing to worry about,” Uruguayan president José Mujíca said to a Montevideo newspaper insisting that the best path is ‘dialogue’ dismounting each obstacle ‘step by step’.

• Sunday, February 5th 2012 - 07:52 UTC

  Jackie Chan to promote Brazilian manufactured executive aircraft in China

  

  Brazil’s aircraft manufacturer Embraer has delivered a Legacy 650 to celebrity Jackie Chan for the Chinese market. The aircraft is painted with a dragon logo.

• Saturday, February 4th 2012 - 05:35 UTC

  Argentina organized labour leader again blasts the government

  

  The Argentine organized labour CGT umbrella union leader Hugo Moyano once again blasted the government insisting he doesn’t understand the “fine-tuning” metaphor that President Cristina Fernández used to refer to subsidy cuts.

• Saturday, February 4th 2012 - 05:31 UTC

  Argentine 2011 car sales in domestic market set to establish a new record

  

  Argentine auto sales rose 8.2% in January from a year earlier to 112,607 units, the car dealers’ association Acara said in an e-mailed report on Friday. January’s sales were 43.5% more than December’s, the report said.

• Saturday, February 4th 2012 - 05:28 UTC

  New York State sues three top leading US banks on mortgage database abuse

  

  Bank of America Corp., Wells Fargo & Co and JP Morgan Chase & Co were sued by New York Attorney General Eric Schneiderman over the use of a mortgage database that the state said led to improper foreclosures.

• Saturday, February 4th 2012 - 05:25 UTC

  Argentina eliminates tax breaks for big oil and gas companies

  

  Argentina has cut 461 million dollars in annual tax breaks granted as investment incentives to big oil companies operating in the country, the government said on Friday, as part of a wider austerity program.

• Friday, February 3rd 2012 - 23:19 UTC

  IMF calls on emerging countries to contribute to increase its war-chest

  

  International Monetary Fund should proceed with talks on increasing the size of its war-chest at the same time as Europe discusses how to build a firewall to contain its debt crisis, a senior official from the fund said on Friday.