Economy

Saturday, August 11th 2012 - 11:26 UTC
“Two tough years” ahead for Uruguayan construction and real estate

The Uruguayan construction industry faces tough years ahead because of the international crisis and its effects on neighbouring Argentina, forecasted economist Jorge Caumont who is also an advisor of several real estate agents.
Saturday, August 11th 2012 - 11:17 UTC
US consumers face dearer pork, chicken and beef because of the drought

Pork and chicken will join beef on the menu of expensive meats as drought and US ethanol policy combine in a corn “disaster”, the head of the world’s largest pork producer has said.
Saturday, August 11th 2012 - 11:03 UTC
China only interested in commodities, not in products that reach supermarkets

Trade with China for Argentina has great opportunities but also great threats because the Asian giant is only interested in produce with no added value, warned the head of Argentina’s Industrial Union, Ignacio De Mendiguren.
Saturday, August 11th 2012 - 10:49 UTC
Argentina applies tax hike on bio-diesel exports and lowers price for local market

Argentina tightened its grip on the country's energy sector on Friday by ordering a tax hike on bio-diesel exports, a move it said was needed to make domestic fuel prices more affordable, but denied market rumours that it will increase a soybean export tax.
Saturday, August 11th 2012 - 10:45 UTC
Official (fantasy) inflation in Argentina 0.8% in July and 9.9% last 12 months

Official consumer inflation in Argentina reached 0.8% in July accumulating 9.9% in the last twelve months and 5.9% in the first seven months of the year, according to the Indec statistics bureau.
Saturday, August 11th 2012 - 10:36 UTC
Bad day for vulture fund that was after 100 million dollars from Congo

Britain’s Privy Council has ruled that a “vulture fund” cannot collect 100 million dollars from the Democratic Republic of Congo. Newsnight revealed last year that old Congo debts had been illegally sold to FG Hemisphere for 3 million and the fund had then sued in Jersey where they were awarded 100 million.
Saturday, August 11th 2012 - 10:23 UTC
Brazil signs contract for the purchase of wheeled armour personnel carriers

The Brazilian Army and Iveco signed this week a contract for the purchase of 86 VBTP MR wheeled armoured personnel carriers known as Guarani. President of Iveco Latin America, Marco Mazzu, said that he was proud to participate in the “renaissance of the defence industry in Brazil”.
Saturday, August 11th 2012 - 07:02 UTC
New strain of swine flu advances in the US Midwest region; 200 cases reported

United States Centers for Disease Control and Prevention is warning that a new strain of swine flu is raising concerns as it continues to infect people throughout the Midwest region.
Friday, August 10th 2012 - 08:49 UTC
Brazil bumper crop of corn estimated at 71.5 million tons

Brazil will reap a record grain harvest of 163.3 million tons this year, a gain of two per cent over 2011, the IBGE statistics agency says. The IBGE's latest forecast, based on July data is 1.6% higher than the previous projection.
Friday, August 10th 2012 - 08:41 UTC
Short of soy Brazil meat producers want to import from Bolivia

Meat producers in Brazil's Mato Grosso do Sul state are lobbying the government to approve soy imports from neighbouring Bolivia after drought shrank supplies in the world's second grower, a state official and analysts.