Economy

• Wednesday, May 2nd 2012 - 05:30 UTC

  World Bank support for Rio Grande do Sul Brazil’s fourth largest economy

  

  The World Bank approved a 480 million dollars loan to strengthen public investment in the Brazilian State of Rio Grande do Sul which will benefit around ten million people.

• Monday, April 30th 2012 - 07:12 UTC

  India to complain Argentine trade restrictions, but ‘bilaterally’

  

  India has decided to raise its concerns over Argentina's recent import restrictions bilaterally, instead of joining the US and European Union who have taken the country to the World Trade Organization, reports the Economic Times from India.

• Monday, April 30th 2012 - 04:08 UTC

  “Brazil ready to live a natural gas golden era” with self sufficiency in five years

  

  Brazil which currently imports 35% of the natural gas it consumes from Bolivia has found sufficient reserves to ensure self-sufficiency in the coming five years announced Mines and Energy minister Edison Lobao.

• Saturday, April 28th 2012 - 06:11 UTC

  Falklands’ budget enjoys additional surplus boosted by the oil industry

  

  The Falkland Islands oil industry has contributed with an unexpected addition of £9.2M to the Falkland Islands Government (FIG) budget in the first nine months of the financial year 2011/12, reported the Islands government Standing Finance Committee.

• Saturday, April 28th 2012 - 06:05 UTC

  Argentine imports’ policy again accused of protectionism at a WTO committee

  

  Argentina was accused once more of “protectionism” at the meeting of the Imports License Committee of the World Trade Organization (WTO) in what can lead to a trade dispute with forty countries.

• Saturday, April 28th 2012 - 06:01 UTC

  Spain faces a “crisis of huge proportion” with “terrible figures”

  

  Spain's sickly economy faces a “crisis of huge proportions” said Foreign Minister Jose Manuel Garcia-Margallo as unemployment hit its highest level in two decades and Standard and Poor's weighed in with a two-notch downgrade of the government's debt.

• Saturday, April 28th 2012 - 05:41 UTC

  Forty countries worldwide celebrated Malbec Day, Argentina’s emblematic grape and wine

  

  Wine enthusiasts across the globe gathered to celebrate World Malbec Day, a great opportunity for novices and connoisseurs alike to sample some of Argentina’s flagship varietal.

• Saturday, April 28th 2012 - 05:26 UTC

  Brazil leading mining corporation reassessing its long term iron-ore reserves

  

  Brazilian leading mining company Vale SA is “facing one of the toughest periods in our history as far as reserves are concerned,” a company executive said Thursday.

• Friday, April 27th 2012 - 11:35 UTC

  Brazil's unemployment increased in March to 6.2% from February’s 5.7%

  

  Brazil's unemployment rate increased from the previous month in March, data released by statistical office IBGE showed Thursday.The unemployment rate increased to 6.2% in March from 5.7% in February. In March, 2011, the jobless rate was 6.5%.

• Friday, April 27th 2012 - 02:40 UTC

  Argentina appeals to 5.7bn dollars Central bank reserves to pay sovereign debt

  

  As was anticipated in the Argentine 2012 Budget the government is appealing to Central Bank reserves to pay sovereign debts. According to a resolution published in the Official Gazette, a Treasury bill equivalent to 5.674 billion dollars will be repaid to the bank in several instalments during ten years.