Economy

Tuesday, August 28th 2012 - 04:21 UTC
FIFA new ethics committee will examine 2018 and 2022 World Cup awards

The lead prosecutor of FIFA new ethics committee confirms he will examine the controversial awarding of the 2018 and 2022 World Cups to Russia and Qatar as well as the ISL scandal and corruption allegations involving Sepp Blatter.
Tuesday, August 28th 2012 - 04:03 UTC
Brazil beef exports reached 5.37bn dollars in 2011, but volume was down 10.8%

Last year was very positive for Brazil beef exports having jumped from 4.8 billion dollars in 2010 to 5.37 billion in 2011, which represents an 11.65% increase according to Abicec, the Brazilian Association of Meat exporting industries.
Tuesday, August 28th 2012 - 03:32 UTC
Mexico launches dispute at WTO against Argentina’ import licensing rules

Following similar complaints against Argentina by the European Union, United States and Japan, Mexico has launched its first dispute against Argentina at the World Trade Organization, the WTO announced on Monday.
Monday, August 27th 2012 - 06:24 UTC
The Argentine tax man reviewing football players transfers and contracts

The head of Argentina’s tax office, AFIP Ricardo Echegaray announced in a press conference the agency had blocked the identification of 146 taxpayers connected to the football business. “We have to ensure football’s coherency and transparency” he remarked.
Monday, August 27th 2012 - 06:13 UTC
Apple sweeping legal victory over Samsung; over a billion dollars in damages

Apple Inc. scored a sweeping legal victory over Samsung as a US jury found the Korean company had copied critical features of the hugely popular iPhone and iPad and awarded the US company 1.051 billion dollars in damages.
Monday, August 27th 2012 - 04:21 UTC
Venezuela’s biggest refinery fire and explosion kills 41, hundreds injured

Venezuela's biggest refinery is on track to restart within two days, the Energy minister said on Sunday, a day after an explosion and fire there killed 41people in one of the global oil industry's deadliest accidents.
Monday, August 27th 2012 - 04:10 UTC
Falklands will be present at World Travel Market next November in London

The newly appointed Managing Director of the Falkland Islands Tourist Board (FITB), Tony Mason is in the Islands. Tony will work to continue to raise the profile of the Falkland Islands as an international tourism destination. Among his priorities are having the Falklands present, for the first time, at the leading global tourism trade event in London, World Travel Market.
Monday, August 27th 2012 - 04:01 UTC
Merkel queen of the hill: strong support for stance on heavily indebted countries

Support for Chancellor Angela Merkel's conservatives has nudged higher, an opinion poll showed, but the weakness of two smaller parties highlights the trouble she may face building another centre-right coalition after Germany's 2013 election.
Friday, August 24th 2012 - 06:14 UTC
YPF announces massive exploration program and calls on private investors

Argentina’s nationalized oil and gas corporation YPF announced it has plans to drill 250 wells in the next five years to further advance the country’s “hydrocarbons frontier”. During a presentation at a posh hotel in Buenos Aires under the heading of “Argentine Exploration Plan”, YPF CEO Miguel Galuccio called on investors to trust him and support the plan.
Friday, August 24th 2012 - 06:03 UTC
Argentina blasts the credit-risk agencies and warns of global “anarchy-capitalism”

Members from the Argentine government defended the “Kirchner inclusive development model” and blasted the credit-risk rating agencies while warning of the existence of a financial “anarchy-capitalism” which is suffocating the economies of the world.