Stories for May 2010

Tuesday, May 18th 2010 - 05:04 UTC
Euro falls to its lowest since April 2006; fears of double dip in the economy

The Euro fell to its lowest since April 2006 even as European finance ministers sought to dissipate concern that spending cuts to combat the region’s debt crisis won’t cause a double dip in the economy.
Tuesday, May 18th 2010 - 04:59 UTC
Chile’s Concha y Toro wines official sponsors of Manchester United

England’s Manchester United agreed on a sponsorship accord with Vina Concha y Toro SA, making Chile’s largest winery the latest company to become an official partner of the 18-time English soccer champion.
Tuesday, May 18th 2010 - 04:57 UTC
“We must help the US manage its retreat as the only global boss”, says Mujica

“We must help the United States because they are on retreat, and they must manage that retreat”, said Uruguayan president Jose Mujica in an interview with a new Argentine newspaper “Tiempo Argentino” launched last Sunday. This is the first interview of the Uruguayan president to an Argentine daily.
Tuesday, May 18th 2010 - 04:46 UTC
Latam largest economies plan trade accord with most tariffs cut to zero

Mexican Deputy Economy Minister Beatriz Leycegui said the government aims to reach a trade accord with Brazil to reduce tariffs to zero on the majority of goods sold between Latin America’s two biggest economies.
Tuesday, May 18th 2010 - 04:43 UTC
Brazil is “well prepared” for possible Euro debt crisis spill over

Brazil is well prepared for any negative spillover effects from the EU debt and Euro crisis, although things “could be worse”, according to Brazilian Central Bank president Henrique Meirelles currently in New York.
Tuesday, May 18th 2010 - 04:40 UTC
Chilean officials reluctant to review poverty definition fearing higher percentages

An international conference held last week in Santiago de Chile by the Economic Commission for Latin America and the Caribbean (CEPAL) took a hard look at how poverty is defined in Latin America and gave Chileans attending the event an opportunity to sound off about how poverty is measured here.
Tuesday, May 18th 2010 - 04:33 UTC
Athens looking into US investment banks role in current Greek debt crisis

Greece is investigating US investment banks and their role in the run-up to the Greek debt crisis which has shaken faith in Euro zone economies, Prime Minister George Papandreou said in comments broadcast.
Tuesday, May 18th 2010 - 04:29 UTC
Cuba scraps bureaucracy to help farmers boost food production

Cuba's private farmers will in future purchase supplies directly instead of having them allocated by the state, the government said on Sunday, in the latest concession to demands for more autonomy.
Tuesday, May 18th 2010 - 04:25 UTC
Uruguay beef exports in first quarter total 98.300 tons and 265 million USD

During the first quarter of this year Uruguay beef exports to Russia reached 25.800 tons, which is almost twice more than during the same period of last year.
Tuesday, May 18th 2010 - 04:20 UTC
Argentine private sector recommends close monitoring of Brazilian indicators

According to Argentina’s Finance Executives' Institute (IAEF) May report the country’s economy experienced an expansive boost during this year's first four months, thus somehow dodging the European and Euro crisis triggered by the Greek situation which could extend to the so called PIGS (Portugal, Ireland, Greece and Spain).