Economy

• Friday, May 10th 2013 - 06:44 UTC

  Brazil reports great interest in the coming 11th bidding hydrocarbons round

  

  The director of Brazil's Agencia Nacional do Petroleo (ANP) reports significant interest from operators in Brazil's upcoming 11th bidding round as the country pursues its plans to double its oil and natural gas production. The bidding round is the first since December 2008 and the first under the nation's new hydrocarbon law.

• Friday, May 10th 2013 - 06:37 UTC

  Isle of Man and Argentina conclude tax information exchange agreement

  

  The Isle of Man concluded a Tax Information Exchange Agreement with Argentina on 14 December 2012 and on January this year the Embassy in London confirmed that Argentina had completed its ratification procedures in relation to the agreement.

• Friday, May 10th 2013 - 06:30 UTC

  Stubbornly high inflation in Uruguay for another two years forecasts Capital Economics

  

  Uruguay’s stubbornly high inflation is as much structural in nature as it is due cyclical factors and to bring it down requires changes in fiscal policy, tackling widespread salary indexation and policymakers need to enhance their credibility according to Capital Economics.

• Friday, May 10th 2013 - 06:26 UTC

  Chinese Vice-president in Argentina to strengthen long-term strategic partnership

  

  China is determined to advance in mutually beneficial cooperation with Argentina visiting Chinese Vice President Li Yuanchao said on his arrival on Thursday to Buenos Aires. He underlined that the new Chinese leadership will continue to perceive and develop bilateral relations from a long-term strategic perspective.

• Friday, May 10th 2013 - 06:10 UTC

  Repsol first quarter profits jumped 38% on the year mainly on higher production

  

  Spains’s Repsol SA said on Thursday its first-quarter profit jumped 38% on the year, mainly due to higher production and refining margins.

• Friday, May 10th 2013 - 05:51 UTC

  Argentine fruit and vegetable exports beginning to rebound; Q1 sales reach 477m dollars

  

  The production and sale of Argentine fruits and vegetables is beginning to rebound after a year in which the sector's problems continued to deepen; loss of competitiveness due to rising costs and lower demand, especially overseas because of the global economic crisis.

• Friday, May 10th 2013 - 03:22 UTC

  With ‘gene-editing’ scientists have produced a disease resistant piglet

  

  A disease-resistant piglet has been produced using new genetic engineering described as ‘gene-editing’. The piglet was born four months ago at Edinburgh's Roslin Institute, and is known as ‘Pig 26’.

• Friday, May 10th 2013 - 03:20 UTC

  Paraguay beef exports experience 55% recovery in first four months of 2013

  

  Paraguay beef exports soared 54.94% in the first four months of the year compared to the same period in 2012. Shipments totalled 65.000 tons equivalent to 337 million dollars against 44.000 tons and 218 million dollars, according to official stats from the Animal Health and Quality Service (Senacsa).

• Thursday, May 9th 2013 - 05:13 UTC

  Do you trust this Lady to look after your dollar savings?

  

  The administration of President Cristina Fernandez sent on Wednesday to congress the tax amnesty bill to tap undeclared dollar assets, in the country and overseas, generating a cascade of critical reactions from well known economists while the ‘blue dollar’ in the parallel market seemed to ignore the announcements and kept climbing to a new record high.

• Thursday, May 9th 2013 - 05:05 UTC

  Argentine official pledges to look into ‘blue’ dollar market and admits problems in real estate sector

  

  Argentina Deputy Economy minister Axel Kicillof pledged “to look into” the growing parallel market for the US dollar because it is harming many innocent people who have nothing to do with speculation and claimed that ‘certain economists’ and media are encouraging speculation with the greenback.