Economy

Saturday, October 19th 2013 - 15:58 UTC
Argentine bio-diesel exports to EU threatened by new duties: EC votes on Tuesday

Argentina's bio-diesel industry warned it faces collapse if Europe makes good on a threat to impose stiff duties on their product next month. The European Commission earlier this month moved to raise duties on Argentine and Indonesian bio-fuels in response to alleged dumping.
Saturday, October 19th 2013 - 15:40 UTC
Fire ravages Brazil’s main sugar terminal paralyzing operations and boosting prices to a year high

A fire in Santos ravaged Copersucar's sugar terminal in Brazil, paralyzing operations of the world's biggest sugar trader and putting 10 million tons of export capacity offline for six months or more.
Saturday, October 19th 2013 - 15:36 UTC
Italy tax collectors formally notified Maradona of his debt: 39 million Euro

Italy’s tax collection agency says it has formally notified Diego Maradona that it will begin procedures to freeze his assets in Italy to pay off his tax debt of 39 million Euros or 53 million dollars.
Thursday, October 17th 2013 - 21:09 UTC
New highway in clogged-Brazil opens more possibilities for grain exports

A highway, decades in the making, will finally open in Brazil offering a shortcut through the Amazon jungle to north-eastern waterways for the growing corn and soybean trade. The BR-163 highway connecting Mato Grosso state's soy belt to two key river ports will boost grain exports by some 3 million tons next year, offering a bit of relief to congested ports in the southeast, where most shipments originate.
Thursday, October 17th 2013 - 20:59 UTC
Toothfish licensing provides 70% of South Georgia revenue, but patrolling absorbs 80% of the amount

In a new initiative the Government of South Georgia and South Sandwich Islands (GSGSSI) has published their first Annual Report. The report, which is designed to keep people informed about Government activities on and off the island, was published on this website on September 2nd and has been distributed to stakeholders, according to the latest South Georgia Newsletter edition.
Thursday, October 17th 2013 - 20:52 UTC
Uruguay signs Tax Information Exchange Agreement with the UK

United Kingdom and Uruguay have signed in London a Tax Information Exchange Agreement, TIEA. The Agreement will come into effect as soon as each government has completed the necessary procedures to give effect to it under its domestic laws.
Thursday, October 17th 2013 - 20:24 UTC
Paraguay’s economy roaring ahead is estimated to expand 13.6% this year

Paraguay’s central bank increased the country’s growth estimate for 2013 from 13% to 13.6%, the highest for Latinamerica. Estimates have been on the increase since October last year, 9.5%; December, 10.5%; April 13% and now, 13.6% which compares to the 0.9% contraction of 2012, when drought and Foot and Mouth Disease hit Paraguay’s main export items, soybeans and beef.
Thursday, October 17th 2013 - 19:49 UTC
UK sets out its Arctic policy with “legitimate interests in the region” and priorities

The United Kingdom government set out its approach and policy on the Arctic in a paper released on Thursday and titled: Arctic Policy Framework - Adapting To Change: UK policy towards the Arctic.
Thursday, October 17th 2013 - 05:52 UTC
Congress agreement saves US from shutdown for three months; Republicans seriously divided

US Congress has passed a bill to reopen the government and raise the federal debt limit, with hours to spare before the nation risked default. The Democratic-controlled Senate's bipartisan compromise won approval by 81 votes to 18.
Thursday, October 17th 2013 - 05:27 UTC
Paraguay vetoes bill imposing 10% export tax on cereals and oilseeds

Paraguayan president Horacio Cartes vetoed the bill imposing a 10% tax on export of cereals and oilseeds in their natural state recently approved by a divided Congress, arguing it was “highly distortive and regressive”. The bill now returns to the legislative.