http://en.mercopress.com/ South Atlantic News Agency - Economy News Feed en Copyright 2009, MercoPress. Sat, 21 Nov 2009 01:04:42 -0800 Expression Engine http://www.mercopress.com/img/en/mercopress-logo.gif http://en.mercopress.com/ http://en.mercopress.com/2009/11/20/latinamerican-poor-to-reach-189-million-9-million-more-because-of-recession?utm_source=rss&utm_medium=rss&utm_campaign=rss&utm_content=economy http://en.mercopress.com/2009/11/20/latinamerican-poor-to-reach-189-million-9-million-more-because-of-recession The current global crisis will cause the number of poor people in Latin America to rise by nine million to 189 million this year, the UN Economic Commission for Latin America and the Caribbean (CEPAL) said in a report presented in Santiago de Chile. Economy, Politics, Latin America Fri, 20 Nov 2009 21:50:10 -0800 http://en.mercopress.com/2009/11/20/lack-of-political-stability-weighs-on-argentinas-credit-ratings?utm_source=rss&utm_medium=rss&utm_campaign=rss&utm_content=economy http://en.mercopress.com/2009/11/20/lack-of-political-stability-weighs-on-argentinas-credit-ratings Contentious politics and a lack of political stability are the main factors weighing on the outlook for Argentina's credit ratings, Moody's Investors Services said on Thursday. Economy, Politics, Argentina Fri, 20 Nov 2009 03:55:33 -0800 http://en.mercopress.com/2009/11/20/us-banks-too-big-to-fail-could-be-dismantled-under-new-legislation?utm_source=rss&utm_medium=rss&utm_campaign=rss&utm_content=economy http://en.mercopress.com/2009/11/20/us-banks-too-big-to-fail-could-be-dismantled-under-new-legislation A key US House of Representatives committee has voted to give the government the power to take apart banks that are "too big to fail". The bill would give a proposed new council of regulators the right to dismantle firms whose scale could hurt the economy - even if they are healthy. Economy, Politics, United States Fri, 20 Nov 2009 03:52:47 -0800 http://en.mercopress.com/2009/11/20/us-construction-industry-and-housing-market-remain-stagnant?utm_source=rss&utm_medium=rss&utm_campaign=rss&utm_content=economy http://en.mercopress.com/2009/11/20/us-construction-industry-and-housing-market-remain-stagnant Construction of new homes in the United States fell sharply last month, showing potential weakness in the economy's recovery, while consumer prices rose slightly more than expected. Economy, United States Fri, 20 Nov 2009 03:49:00 -0800 http://en.mercopress.com/2009/11/20/brazil-peru-and-uruguay-in-boom-phase-recovery?utm_source=rss&utm_medium=rss&utm_campaign=rss&utm_content=economy http://en.mercopress.com/2009/11/20/brazil-peru-and-uruguay-in-boom-phase-recovery The Economic Climate Index (ECI) in Latin America, (developed in partnership between the German Ifo Institute and Brazil’s Getulio Vargas Foundation) rose to 5.2 from 4.0 points between July and October 2009, exceeding for the first time since January 2008, the average of the last ten years (5.1 points). Economy, Latin America, Uruguay Fri, 20 Nov 2009 01:55:02 -0800 http://en.mercopress.com/2009/11/19/cuban-greetings-for-2010-tighten-your-belts-its-bad-and-its-getting-worse?utm_source=rss&utm_medium=rss&utm_campaign=rss&utm_content=economy http://en.mercopress.com/2009/11/19/cuban-greetings-for-2010-tighten-your-belts-its-bad-and-its-getting-worse Cuba is going through one of its cyclical “hard moments” but this time the lack of foreign currency is forcing draconian cuts in food subsidies, public utilities and other services taken for granted. The media repeatedly calls on the population to “tighten belts” because in 2010 restrictions are “for worse”. Economy, Latin America Thu, 19 Nov 2009 18:33:41 -0800 http://en.mercopress.com/2009/11/19/brazil-mexico-and-chile-out-of-recession-beginning-2010-says-oecd?utm_source=rss&utm_medium=rss&utm_campaign=rss&utm_content=economy http://en.mercopress.com/2009/11/19/brazil-mexico-and-chile-out-of-recession-beginning-2010-says-oecd The Brazilian economy will experience a robust growth in 2010 and 2011, in the range of 4.5%, while Mexico will recover from deep recession beginning next year with a GDP expansion of 2.7% and 3.9% in 2011, according to the Organization for Economic and Development Cooperation, OECD. Economy, Latin America Thu, 19 Nov 2009 18:17:15 -0800 http://en.mercopress.com/2009/11/19/oecd-warns-uk-jobless-could-reach-9.5-by-2011?utm_source=rss&utm_medium=rss&utm_campaign=rss&utm_content=economy http://en.mercopress.com/2009/11/19/oecd-warns-uk-jobless-could-reach-9.5-by-2011 United Kingdom’s jobless rate could soar to 9.5% in two years' time, even after the economy begins to recover, a leading economic body has warned. Economy, International Thu, 19 Nov 2009 18:11:14 -0800 http://en.mercopress.com/2009/11/19/brazilargentina-agree-trade-differences-should-not-influence-political-rela?utm_source=rss&utm_medium=rss&utm_campaign=rss&utm_content=economy http://en.mercopress.com/2009/11/19/brazilargentina-agree-trade-differences-should-not-influence-political-rela Brazil and Argentina ended Wednesday in Brasilia a full day of talks at presidential level without reaching a clear agreement on trade disputes that have caused disruptions to the bilateral relation. Economy, Politics, Argentina, Brazil Thu, 19 Nov 2009 05:23:13 -0800 http://en.mercopress.com/2009/11/19/brazil-unveils-tax-on-adr-to-help-contain-appreciation-of-the-real?utm_source=rss&utm_medium=rss&utm_campaign=rss&utm_content=economy http://en.mercopress.com/2009/11/19/brazil-unveils-tax-on-adr-to-help-contain-appreciation-of-the-real Brazil took another step on Wednesday aimed at containing the appreciation of its currency, unveiling a 1.5% tax on certain trades involving American Depository Receipts, ADR, issued by Brazilian companies. Finance minister Guido Mantega said the tax will be charged when foreign investors convert ADRs for Brazilian companies into receipts for shares issued locally. Economy, Brazil Thu, 19 Nov 2009 05:20:28 -0800