Economy

• Saturday, August 18th 2012 - 02:37 UTC

  In nine years of “Kirchner era” Argentina honoured 32 billion dollars in debts

  

  Argentina’s Central bank confirmed that during the “Kirchner era” the country paid 32 billion dollars in pending debts, “the centre piece of the policy to recover sovereignty by cutting indebtedness” and praised the decision to appeal to the bank’s international reserves to support such a policy.

• Friday, August 17th 2012 - 17:34 UTC

  Brazilian new middle class pay their bills and like to keep their names clean

  

  Brazil National Confederation of Store Managers, CNLD, and the Credit Protection Service, SPC, report that payment delinquency was down 5.6% in July. At the same time the two organizations revealed that over the last five years indebtedness in Brazil has risen 20% annually.

• Friday, August 17th 2012 - 07:02 UTC

  Falklands’ Desire updates oil potential of promising Elaine and Isobel prospects

  

  The AIM traded company Desire Petroleum said on Thursday it will seek industry partners to participate in the further exploration of the North Falkland basin based on the quality of its maturing prospect inventory.

• Friday, August 17th 2012 - 06:31 UTC

  US company wants to make 3D bio-ink printed meat for human consumption

  

  A US start-up company has a solution for people who want to eat meat, but don't want to harm animals either: 3D printed meat. The 3D printing technique is already being used to create things from bike parts to chocolate to dental crowns and bridges. And scientists are working towards using 3D printing to make organs for transplant.

• Friday, August 17th 2012 - 00:11 UTC

  Latam business climate index at 9 months low, approaching “risk of recession”

  

  Latinamerica business climate dropped to its lowest level in nine months with “risk of recession” according to the index elaborated by the Economics Department from the prestigious Brazilian Getulio Vargas Foundation, FGV.

• Thursday, August 16th 2012 - 20:07 UTC

  Wheat futures up in the US and Europe on fears Russia might restrict exports

  

  US and European wheat futures gained again on Thursday as importers took advantage of a price fall earlier in the week and as operators continued to anticipate Russia would drop out of export markets in the coming months due to drought-hit supply.

• Thursday, August 16th 2012 - 05:02 UTC

  China soon to become Venezuela’s main trade partner; oil sales soared 60% this year

  

  Venezuelan oil sales to China have jumped by 60% since the start of the year, the country's oil minister said in an interview published on Sunday in the state-run Correo del Orinoco.

• Thursday, August 16th 2012 - 04:40 UTC

  Brazilian president riding high in approval ratings despite economic slowdown

  

  President Dilma Rousseff continues to enjoy high approval ratings as Brazilians remain mostly unaffected by the country's recent economic slowdown, according to a poll released on Tuesday.

• Thursday, August 16th 2012 - 02:26 UTC

  Mujica working for more trade agreements and a Mercosur with ‘flexibility’

  

  Uruguay needs “new markets and new partners” and must try to diversify trade with the largest possible number of agreements to make Mercosur more flexible and anticipate the current process in Argentina, said President Jose Mujica.

• Thursday, August 16th 2012 - 01:44 UTC

  US consumer prices in 12 months to July reach 1.4%, down from June’s 1.7%

  

  US consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest since November 2010. In the 12 months to July the CPI rose 1.4%, slowing from June's 1.7% rise, the US Labour Department said on Wednesday.