Economy

• Wednesday, October 24th 2012 - 05:51 UTC

  Cristina Fernandez triggers further uncertainty and fears to markets and investors

  

  The Argentine stock market Merval index fell the most in eleven months following on President Cristina Fernandez plans to overhaul securities rules and force insurers to spend more on industrial and infrastructure projects.

• Wednesday, October 24th 2012 - 05:47 UTC

  Brazil’s industrial production slows in September says Industries lobby

  

  Brazil's industrial production slowed in September from August amid tight competition and a lack of demand, according to a survey released Tuesday by the country's National Confederation of Industries, or CNI.

• Wednesday, October 24th 2012 - 05:44 UTC

  Brazil a magnet for auto manufacturers: Land Rover and KIA with plant plans

  

  Jaguar Land Rover will likely decide before the end of this year whether to build a factory in Brazil, local President Flavio Padovan said on Tuesday. South Korea’s KIA Company is also considering the manufacturing plant option following the increase in import taxes.

• Wednesday, October 24th 2012 - 05:41 UTC

  Spanish economy continues to contract with no short term expectations of change

  

  Spain’s economy contracted 0.4% in the third quarter and continues to face strong headwinds, the central bank said on Tuesday. Adverse financial conditions eased “somewhat” and the decline in domestic demand was 1.2%, an improvement over the 1.4% fall in the second quarter.

• Wednesday, October 24th 2012 - 05:14 UTC

  Foreign direct investment inflow to Latam rises 8% in six months to 94.3bn dollars

  

  Inflows of foreign direct investment (FDI) to 17 of Latinamerica’s countries rose 8% in the first six months of 2012, compared to the same period a year ago, reaching 94.331 billion dollars, according to figures released on Tuesday by the Economic Commission for Latin America and the Caribbean, ECLAC.

• Wednesday, October 24th 2012 - 05:09 UTC

  Airlines must pay compensation to delayed passengers says EU Court of Justice

  

  Airlines must pay compensation to passengers who are delayed by three hours or more, the European Court of Justice (ECJ) has ruled. The judgement upholds the court's 2009 ruling, which was challenged by a group of airlines including BA and Easyjet.

• Wednesday, October 24th 2012 - 05:03 UTC

  Mexico asks WTO to begin dispute procedure over Argentina’s trade restrictions

  

  Mexico will ask a World Trade Organization panel to adjudicate a dispute over trade restrictions with Argentina, said Economy Minister Bruno Ferrari.

• Tuesday, October 23rd 2012 - 07:33 UTC

  Brazil says all Mercosur leaders have to decide lifting Paraguay’s suspension

  

  Brazil said it is hard to see Paraguay rejoining Mercosur and Unasur before next year’s presidential election. The two blocks suspended the landlocked country following the removal of Fernando Lugo last June and replacing him with President Federico Franco.

• Tuesday, October 23rd 2012 - 07:27 UTC

  Brazil will invest 2bn dollars in promoting fishing industry and doubling catches

  

  Brazilian president Dilma Rousseff announced on Monday an ambitious program to boost and make competitive the fishing industry doubling catches for which she promised the government would invest 4.1bn Reais (2bn dollars).

• Tuesday, October 23rd 2012 - 07:14 UTC

  Sao Paulo police arrest former head of bankrupt Brazilian bank

  

  Police in Sao Paulo said on Monday they had arrested the former head of bankrupt Brazilian lender Banco Cruzeiro do Sul on charges of money laundering and crimes against the country's financial system and capital markets.