Economy

• Monday, May 28th 2012 - 04:44 UTC

  Pre G20 tourism summit discussed ways to promote the industry in the Americas

  

  Public and private sector tourism leaders gathered in Mexico for the Americas Summit of the World Travel & Tourism Council (WTTC), a networking and discussion forum held at Riviera Maya on Mexico’s Yucatán peninsula.

• Sunday, May 27th 2012 - 03:51 UTC

  Ambassador Argüello explains to the US business community YPF seizure

  

  Argentina explained that the YPF seizure was carried out “in order to avoid an energy crisis” in an article which was published in the US edition of The Financial Times newspaper and signed by Ambassador Jorge Argüello.

• Sunday, May 27th 2012 - 03:47 UTC

  August 3, an emblematic date for Argentina’s “dollar-clamp” policy

  

  The current strict measures to counter the purchase of US dollars and by extension capital flight, implemented by Argentina apparently have a calendar date full of political significance: August 3 when the Boden 2012 fully matures.

• Friday, May 25th 2012 - 22:45 UTC

  Government decides to extend soft loans for Brazil’s three largest corporations

  

  Brazil eased rules for subsidized lending by state development bank BNDES to three of the country's biggest companies, in a move that may help President Dilma Rousseff shield a struggling economy from market turmoil abroad.

• Friday, May 25th 2012 - 22:33 UTC

  April consumer confidence rose in Argentina for the first time in five months

  

  A closely watched gauge of Argentina consumer confidence rose for the first time in five months in May, according to a report published this week by Torcuato di Tella University, UTDT.

• Friday, May 25th 2012 - 22:16 UTC

  China’s April exports to Argentina fell 34.4%, largest monthly drop since 2009

  

  China's exports to Argentina in April declined 34.4 percent from last year, the largest monthly drop since the 2009 global recession, signalling the deepening negative influence of Argentina's trade protectionism on bilateral trade, analysts and trade experts said, quoted by the official Beijing news agency.

• Friday, May 25th 2012 - 22:07 UTC

  UK passion for Argentine wines: first quarter imports rocket 15% in volume

  

  Argentine wine exports to the UK have rocketed by 25% in value and 12% in volume in the first three months of the year. This put the UK back ahead of Brazil as Argentina’s third largest market worldwide, and the US and Canada, and represents the largest gains for over four years.

• Friday, May 25th 2012 - 21:37 UTC

  Paraguay proposes India long-term plan to exchange food for investments and technology

  

  Paraguayan president Fernando Lugo currently visiting India proposed an exchange of food for investment and technology. Lugo was received by President Pratibha Patil and later by Prime Minister Manmohan Singh.

• Friday, May 25th 2012 - 20:44 UTC

  Germany should exit the Euro and revalue its currency, suggests top economist

  

  Germany should exit the Euro and revalue its currency as “damage control” to avoid the effects of contagion stemming from a Greek exit, which would cripple banks and trade in Europe, according to former Argentine Finance Secretary Guillermo Nielsen.

• Friday, May 25th 2012 - 16:10 UTC

  EU files suit against Argentina with WTO, but it’s a long process

  

  The European Union filed a suit against Argentina's import restrictions with the World Trade Organization (WTO), European Union Trade Commissioner Karel De Gucht announced on Friday.