Economy

• Wednesday, May 23rd 2012 - 01:22 UTC

  Spain anticipated the economy will continue to slump in the second quarter

  

  Spain said it would meet its deficit targets this year despite a new slippage in its regions' accounts and a further contraction of the economy in the second quarter.

• Tuesday, May 22nd 2012 - 18:50 UTC

  OECD anticipated end to weak growth in Brazil but warns about inflation

  

  Weak growth in Brazil seems to be coming to an end, but there are still looming risks in the shape of inflation, credit risk and competitiveness, according to the latest outlook published by the Organization for Economic Cooperation and Development, OECD, on Tuesday.

• Tuesday, May 22nd 2012 - 18:39 UTC

  US and Japan leading economic recovery but still fragile says latest OECD report

  

  The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the Euro zone fails to contain its flaring growth crisis, the OECD said on Tuesday.

• Tuesday, May 22nd 2012 - 06:09 UTC

  Argentina proposal to increase Mercosur common external tariff from 22% to 35%

  

  Argentina is planning to propose its fellow Mercosur members to increase the common external tariff, CET from the current 22% to 35%, when they meet at the next summit in Mendoza. Argentina currently holds the pro tempore chair of the group and at the coming summit the helm will be transferred to Brazil.

• Tuesday, May 22nd 2012 - 06:05 UTC

  Exports of heifers booming as China build ‘factory-modelled” dairy farms

  

  Agribusiness company Elders says it can't get enough dairy heifers from Australia to supply China's growing demand and for the second consecutive year, a record shipment of 100,000 cattle will sail from dairies in Australia, New Zealand and Uruguay.

• Tuesday, May 22nd 2012 - 06:00 UTC

  Argentine frozen chips retained in the border because of trade dispute with Brazil

  

  Canada’s Mc Cain has suspended production of frozen chip potatoes in Argentina because of the trade barriers which impede exports to Brazil in the framework of a bilateral dispute that is limiting the flow of goods both ways.

• Tuesday, May 22nd 2012 - 03:47 UTC

  Argentina’s 12-month inflation expectations remain steady above 30%, says UTDT

  

  Argentina's 12-month inflation expectations held steady for a third straight month at over 30% in May, according to the median estimate in a survey published by the Torcuato Di Tella University.

• Tuesday, May 22nd 2012 - 03:22 UTC

  Brazil announces measures to boost sales of vehicles and stimulate growth

  

  Brazil lowered taxes on consumer borrowing and created incentives for banks to boost vehicle lending as policy makers struggle to revive economic growth in the Latin America’s largest market.

• Tuesday, May 22nd 2012 - 03:11 UTC

  Banker launches another challenging controversial book with Germany as the “Euro-zone hostage”

  

  Former German central banker Thilo Sarrazin, whose musings on Muslim immigrants sparked outrage in 2010 has triggered fresh controversy with a book that paints Germany as the Euro zone's hostage, forced to pay out vast sums to atone for the Holocaust.

• Monday, May 21st 2012 - 03:56 UTC

  Brazilian economy slows down in March for third consecutive month

  

  Brazilian government's economic activity index dropped for the third consecutive month in March, confirming a slowdown in the economy in the period.