Economy

• Wednesday, September 5th 2012 - 00:05 UTC

  Argentina files third trade complaint challenging US laws that block fresh lemons

  

  Argentina has filed its third trade complaint in two weeks, the World Trade Organization said on Monday, challenging US laws that it says have blocked imports of fresh lemons from north-west Argentina.

• Tuesday, September 4th 2012 - 18:26 UTC

  Argentine industry asks for flexible imports but strongly supports government policies

  

  Argentina’s Industrial Union, UIA, called on the government of President Cristina Fernandez to ease the imports of inputs for manufacturing, which is suffering from shortages caused by severe controls, although at the same time was supportive of official policies to boost industry.

• Tuesday, September 4th 2012 - 07:11 UTC

  Strong Peso and imports’ controls vital for reindustrialization of Argentina

  

  President Cristina Fernández blasted those sectors that demand a cheaper Peso (and stronger US dollar) and defended the exchange rate and imports' controls saying they are “vital” for the industrialization process of Argentina.

• Tuesday, September 4th 2012 - 06:26 UTC

  Mercosur faces “great problems and internal divisions” making talks with EU “difficult”

  

  French Foreign Trade minister Nicole Bricq said that there are “great problems” in the current negotiations between the EU and Mercosur to reach an association agreement which also includes a free trade chapter.

• Tuesday, September 4th 2012 - 01:25 UTC

  Germany stands firm: ECB is not prepared to supervise all Euro zone banks

  

  German Finance Minister Wolfgang Schaeuble rejected on Monday a European Commission plan to give the European Central Bank sweeping powers to monitor all Euro zone banks, saying it should instead focus only on systemically important institutions.

• Tuesday, September 4th 2012 - 01:17 UTC

  Since 2003 an estimated 261bn dollars have fled from Greece, says NGO

  

  Greek nationals have deposited overseas an estimate 261 billion dollars from illegal activities, from tax evasion and elusion to criminal actions or simple from rampant corruption, according to economist and head of the Non Government Organization, Global Financial Integrity, Raymond Baker.

• Tuesday, September 4th 2012 - 00:31 UTC

  Poll shows Germans want Greece out of the Euro; doubts about reforms’ implementation

  

  Only about a quarter of ordinary Germans are in favor of debt-stricken Greece remaining in the Euro area, a poll published by the Financial Times on Monday indicated. It revealed strong reluctance to grant Greece yet another bailout installment.

• Tuesday, September 4th 2012 - 00:20 UTC

  Growing fears China is slowing down faster than estimated

  

  China's manufacturing activity fell to a nine-month low in August, adding to fears that its economy is slowing faster than estimated. The official Purchasing Managers' Index (PMI) fell to 49.2, the lowest reading since November 2011, data released over the weekend showed.

• Monday, September 3rd 2012 - 06:40 UTC

  LAN first company in the Americas to take delivery of Boeing 787 Dreamliner

  

  Chilean flag carrier LAN became the fourth airline in the world – and the first airline in the Americas –to take delivery of a Boeing 787 Dreamliner. The handover ceremony took place at Boeing 787 production line at Everett, state of Washington.

• Monday, September 3rd 2012 - 06:20 UTC

  Spanish PM Rajoy challenges the European central bank and Germany

  

  Spain will consider seeking extra aid from Europe on top of a 100 billion Euro rescue of its financial sector but does not see any need for new conditions, Prime Minister Mariano Rajoy said in an interview published in European newspapers.