Economy

Tuesday, August 7th 2012 - 08:41 UTC
Food inflation in Latin America reached 8.9% in June, the highest in 2012

Food inflation in Latin America and the Caribbean reached 8.9% in June compared to the same month in 2011, which means the highest so far this year, according to a report from the UN Food and Agriculture Organization, FAO.
Tuesday, August 7th 2012 - 08:33 UTC
Uruguay reacts with silence to repeated Argentine provocations

The Uruguayan government said on Monday there will be no public statements on the latest “situations” with Argentina, and Uruguay will keep to what was agreed at presidential level during the last (31 July) Mercosur extraordinary meeting in Brasilia.
Tuesday, August 7th 2012 - 08:25 UTC
Seeds market clash: Monsanto wins one billion dollars lawsuit to DuPont

Monsanto, the world's largest seed company won a one billion dollars victory over its arch rival in a lawsuit concerning patents in the agricultural seed market. The victory, concerning genetically modified seeds that allow crops to tolerate weed killer, should have little immediate impact in that lucrative marketplace.
Tuesday, August 7th 2012 - 08:19 UTC
US regulator claims Standard Chartered bank laundered 250bn dollars for Iran

Standard Chartered bank illegally “schemed” with Iran to launder as much as 250bn dollars for nearly a decade, a US regulator says. The New York State Department of Financial Services said that the bank hid 60.000 secret transactions for “Iranian financial institutions” that were subject to US economic sanctions.
Tuesday, August 7th 2012 - 08:14 UTC
China central bank anticipates injecting more liquidity in second half of 2012

China's central bank said on Sunday it will strengthen the fine-tuning of its monetary policy in the second half of this year, indicating as many analysts believe that more liquidity may be injected into the world's second largest economy.
Monday, August 6th 2012 - 22:14 UTC
Bernanke appeals to the Himalayas to help explain current economic duress

Federal Reserve Chairman Ben Bernanke said that although broad measurements of the United States economy point to recovery, many people and businesses are facing tough times.
Monday, August 6th 2012 - 22:02 UTC
Dollar deposits and loans erosion in Argentina as restrictions become stricter

The strict and tightening US dollar purchase restrictions imposed in Argentina were clearly exposed in the banking system dollar deposits and loans during the last week of July when they dropped 3%, having accumulated 43% in the last few weeks, according to official data from the central bank.
Monday, August 6th 2012 - 08:23 UTC
Mercosur economic performance expected to lag behind Andean countries in 2012

Argentina and Brazil will experience an economic slowdown this year compared to 2011, while Paraguay, punished by drought and an outbreak of foot and mouth disease, will have the worst performance in Latin America, and Peru the best, according to the Argentine consultants Ecolatina
Monday, August 6th 2012 - 07:47 UTC
Argentine industry lobby blast devaluation but demand more competitiveness

Argentine Industrial Union head José Ignacio de Mendiguren says he wholeheartedly agrees with President Cristina Fernández criticism to those who back a devaluation of the Peso, in an interview with Ambito.com.
Monday, August 6th 2012 - 07:21 UTC
Slowdown in Latin America further exposed vulnerabilities of Spain and Portugal

The slowdown in Latin America’s once booming economies could take a heavy toll on profits for Spanish and Portuguese companies whose two-decade investment spree abroad has provided a lifeline during a deepening crisis at home.