Economy

• Saturday, October 20th 2012 - 06:02 UTC

  Argentina’s 12-month inflation expectations yield slightly to 27%, says UTDT

  

  Argentina's 12-month inflation expectations slid in October for the first time in eight months, according to the median estimate in a survey published by the Torcuato Di Tella University, UTDT.

• Saturday, October 20th 2012 - 05:44 UTC

  Argentina and Colombia dispute place as second largest South American economy

  

  Argentine Economy minister Hernan Lorenzino struck back at Colombia’s claim that it has overtaken his country to become South America’s second largest economy behind Brazil.

• Thursday, October 18th 2012 - 18:22 UTC

  Newsweek's final print edition 31 December and then moves to all-digital format

  

  Newsweek, the venerable US weekly magazine covering current events, will publish its final print edition on Dec. 31 and move to an all-digital format early next year, two top executives said.

• Thursday, October 18th 2012 - 16:07 UTC

  Paymaster Germany suggests EU Executive veto power over national budgets

  

  German Chancellor Angela Merkel demanded stronger central powers for the European Union's executive to veto national budgets that breach EU rules, risking a clash with close ally France at a summit of the bloc's leaders.

• Thursday, October 18th 2012 - 16:00 UTC

  Green light for gold and silver mine project in Patagonia Santa Cruz province

  

  Gold miner Minera IRL Ltd reports it has secured government permits to build its Don Nicolas pit mine in Argentine Patagonia and is now seeking financing to get the 57 million dollars project up and running next year, the company said on Wednesday.

• Thursday, October 18th 2012 - 15:56 UTC

  Brazil plans to double natural gas output by 2020; 21 new rigs in 2018

  

  Brazil natural gas output could nearly double by 2020, reaching up to 120 million cubic-meters a day, as Latin America's largest economy increases the number of offshore platforms to take advantage of huge deep-sea oil reserves, the general director of the National Petroleum Authority, ANP, said this week.

• Thursday, October 18th 2012 - 06:57 UTC

  Moody’s downgraded debt ratings of several Argentine provinces and cities

  

  Moody's Investor Service announced on Wednesday it has downgraded the issuer and debt ratings of several provinces and cities in Argentina, due to the risks these states may face to access foreign currency and “serve their obligations in foreign currency.”

• Thursday, October 18th 2012 - 06:52 UTC

  Lula da Silva calls for Argentine/Brazilian business corporations

  

  Brazil's former President Lula Da Silva blasted the “protectionist” measures of the developed countries and called for the alliance between businessmen from his country and Argentina's, as he highlighted that Brazil “grows, but with a controlled inflation rate”.

• Thursday, October 18th 2012 - 06:49 UTC

  Argentina's sovereign debt, a matter of time says The Economist

  

  When Argentina proposed a brutal 65% haircut to holders of its defaulted sovereign bonds in a 2005 restructuring, one argument the country’s officials used to justify the offer was that the country could not take on more debt than it could reasonably expect to pay. As painful as the loss might be, the argument went at least the new bonds the government would issue would be creditworthy.

• Thursday, October 18th 2012 - 01:37 UTC

  Australian beef sales to Japan remain weak: down 6% over last year

  

  Australia shipped 22,648 tonnes swt of beef to Japan during September, the lowest monthly volumes since December 2003 (with the exception of January).