Economy

• Saturday, June 2nd 2012 - 03:22 UTC

  Argentine experts on alert in Athens to help with bail-out if Greece exits the Euro

  

  American International Group Inc (AIG) has assigned staff from Argentina to advise their counterparts in Athens as the bailed-out insurer prepares for a possible Greek exit from the Euro.

• Saturday, June 2nd 2012 - 03:01 UTC

  Black Friday for markets; US dismal jobs report and European crisis

  

  US stocks fell more than 2% on Friday, dragging the Dow Jones into negative territory for the year after a dismal US jobs report added to fears that Europe's spiralling debt crisis was dragging down the world economy.

• Saturday, June 2nd 2012 - 02:49 UTC

  Euro zone unemployment hits a new record low: 17.4 million out of work

  

  Euro zone unemployment has hit a record high, and job losses are likely to keep climbing as the bloc's devastating debt crisis eats away at businesses' ability to hire workers while indebted governments continue to cut staff.

• Friday, June 1st 2012 - 17:29 UTC

  Brazilian industrial output contracted for a second straight month in April

  

  Brazil’s industrial output unexpectedly contracted for a second straight month in April even as the government steps up measures to boost economic growth.

• Friday, June 1st 2012 - 07:03 UTC

  Brazil’s former Central bank president named head of Lazard Americas

  

  Lazard Ltd. announced this week the appointment of Henrique Meirelles as Chairman, Lazard Americas, effective immediately. Meirelles was former President of the Central Bank of Brazil.

• Friday, June 1st 2012 - 06:57 UTC

  Jaguar-Land Rover follows BMW puts plans to build a plant in Brazil on hold

  

  Jaguar Land Rover, the luxury car unit of India's Tata Motors has followed Germany's BMW AG in suspending plans to build a new plant in Brazil as tax changes and slowing growth have given premium auto makers cold feet about investing in a potentially lucrative market.

• Friday, June 1st 2012 - 06:52 UTC

  Paraguayan president returns after a two-week controversial tour of Asia

  

  Paraguayan President Fernando Lugo returns home this week after a two-week” tour of Asia where he went in search of new markets for Paraguay’s two largest exports, beef and soy.

• Friday, June 1st 2012 - 06:35 UTC

  Greater transparency and social communication for Brazil’s central bank

  

  Brazil’s central bank created a post on its board to improve transparency and communications two weeks after President Alexandre Tombini said it’s increasingly important for central banks to provide “forward guidance” to the market.

• Friday, June 1st 2012 - 02:24 UTC

  Uruguay looks to China to expand trade and services, and attract more investment

  

  Uruguay looks forward to increase trade with China in value and diversification as Beijing commands a bigger economic and cooperation role in South America, Uruguayan Foreign Minister Luis Almagro said in an interview with China Daily.

• Friday, June 1st 2012 - 02:16 UTC

  Italy hugely exposed to the Euro-debt turmoil and to Spanish contagion

  

  Italy is hugely exposed to the risk of contagion from the debt turmoil in the euro zone, said Prime Minister Mario Monti, suggesting the European Central Bank take action to help cool borrowing costs.