Economy

Economy
Wednesday, September 1st 2010 - 06:34 UTC

Brazilian July industrial output grows at lower than expected rate

Automotive production surged 32.1% over July 2009

Brazilian industrial production output experienced an increase of 0.4% in July from a month earlier, which is less than expected according to a report released by the Brazilian national statistics bureau IBGE in Río de Janeiro, compared with a 1% decline in June.

Wednesday, September 1st 2010 - 06:02 UTC

Brazilian beef producer wants to sell abattoirs and reduce Argentine operations

Ban on beef exports and price caps have turned grasslands into soy bean plantations

Brazil’s JBS, the world's top beef producer is trying to sell three of its Argentine plants due to government policies that have depleted cattle stocks and supply and hurt profits, a trade group said on Tuesday.

Wednesday, September 1st 2010 - 05:57 UTC

Colombia’s Santos meets Lula da Silva in his first overseas visit

Regional affairs and bilateral trade figure with priority in the two presidents agenda (File)

Colombian president Juan Manuel Santos arrived Tuesday in Brazil for an official two-day state visit that begins Wednesday with a meeting with President Lula da Silva to address a regional political agenda and strengthen bilateral trade.

Wednesday, September 1st 2010 - 05:40 UTC

Unemployment in Euro zone 10% and 9.6% in EU; worst case Spain with 20.3%

Austria and Netherlands have the best employment records

As many as 23 million men and women in the EU were unemployed in July, according to data released by Eurostat on Tuesday. Of these, 15.833 million are from the Eurozone countries.

Wednesday, September 1st 2010 - 00:43 UTC

Canada, South Africa, India in preliminary trade talks with Mercosur

South African Trade and Industry minister Rob Davies

Canada, South Africa and India are scheduled to begin this year trade talks with Mercosur, according to reports from Ottawa and Johannesburg.

Wednesday, September 1st 2010 - 00:31 UTC

Amorim admits Brazil imposes non-trade barriers to its Mercosur associates

Mercosur administrative building in Montevideo

Foreign Affairs minister Celos Amorim implicitly admitted that access to the Brazilian market for other Latin American countries, including Mercosur, is not easy because of a proliferation of non trade barriers which has resulted in large surpluses with most of the region’s countries.

Tuesday, August 31st 2010 - 03:40 UTC

Uruguay government employees’ take-home pay doubles that of the private sector

Elvira Domínguez, employers representative in the Social Security board

Uruguayan government employees’ take-home pay on average more than doubles their counterparts in the private sector according to official figures from the country’s Social Security Office and published by Montevideo’s main daily El País.

Monday, August 30th 2010 - 19:28 UTC

Brazil preparing to act against the strong appreciation of its currency

Jobim and Mantega addressed the same issue from different angles

Brazilian Finance Minister Guido Mantega said foreign-based companies operating in Brazil should consider sending some profits home as the exchange rate is unlikely to remain as favorable as it is now.

Monday, August 30th 2010 - 19:24 UTC

Survey shows 3.7% of Chilean population lives in extreme poverty

President Piñera has promised to finish extreme poverty by the end of his period

A survey carried out in December 2009 found that Chile has 634,328 people (3.7% of the population) living in extreme poverty. Since 2006 this percentage has gone up by 0.5%, the first increase since 1990. Those affected are mainly in rural areas.

Monday, August 30th 2010 - 07:18 UTC

China essential for Uruguay’s “international development”

Vice-President Danilo Astori talked about business and investments opportunities

Uruguay pledged efforts to seek a stronger relationship with Beijing since “China is an essential factor in the international development of Uruguay”, said Vice-President Danilo Astori following an hour long meeting in Beijing with his counterpart Wu Bangguo, president of the National Assembly.

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