Economy

• Monday, November 21st 2011 - 07:36 UTC

  US ‘Patriotic millionaires’ plead to Congress they want their taxes increased

  

  As has happened in several European countries, namely Germany, nearly 140 millionaires asked members of the United States Congress to increase their taxes for the sake of the nation.

• Monday, November 21st 2011 - 07:19 UTC

  Major clash in Chile between state copper company and Anglo-American

  

  Anglo American is jeopardizing its future in Chile by trying to prevent state-owned copper giant Corporacion Nacional del Cobre, Codelco from acquiring a 49% stake in its AAS subsidiary, warned Codelco’s CEO.

• Monday, November 21st 2011 - 07:16 UTC

  Ecuador says it is breaking oil daily production record

  

  State-owned oil company Petroecuador said it broke its daily production record on Tuesday 15 November, pumping 156.359 barrels of crude on that day. Production from Jan. 1 to Nov. 8 totalled 47,096,086 barrels of crude, Petroecuador said in a report.

• Monday, November 21st 2011 - 07:10 UTC

  Argentina forecasts 49.5 million tons of soybeans 12 million tons of wheat

  

  Argentina's 2011-12 soybean area will likely rise 0.6% on the year to 19 million hectares, the Agriculture Ministry said in its weekly crop report. The forecast is the first from the ministry for soybeans, the country's top crop and export.

• Monday, November 21st 2011 - 04:07 UTC

  “Gold rush” in Brazil which has awarded 1.270 exploration licences

  

  Private firms that invest in gold mining in Brazil will be pouring an estimated 2.4 billion dollars over the next four years, O Globo newspaper reported Sunday, citing official figures.

• Saturday, November 19th 2011 - 06:02 UTC

  ECB comes to the rescue of Spain; Conservative landslide anticipated Sunday

  

  Spaniards may hand the biggest majority in three decades to the conservative opposition People’s Party leader Mariano Rajoy, as polls suggest Europe’s debt crisis will push a fifth government from power.

• Saturday, November 19th 2011 - 05:54 UTC

  UK and Germany agree to disagree; no progress on the transactions tax

  

  The leaders of Britain and Germany David Cameron and Angela Merkel acknowledged differences over the Euro zone crisis but stressed they have the “same plan” for European growth. The prime minister met the German chancellor on Friday in Berlin to discuss the Euro zone crisis, and Iran and Syria.

• Saturday, November 19th 2011 - 05:51 UTC

  Monti ensures support for techno cabinet, tells Italians not to blame others for the crisis

  

  Italian Prime Minister Mario Monti on Friday won a final parliamentary confidence vote granting full power to his new government after pledging to spur growth and reduce debt in the euro-region’s third-largest economy.

• Saturday, November 19th 2011 - 05:44 UTC

  Greece submits austerity budget, but political differences surface in coalition

  

  Greece's new government took a first step on Friday towards meeting terms of an international bailout needed to avoid bankruptcy, submitting a budget bill that foresees no new austerity measures next year as long as reforms are enacted.

• Friday, November 18th 2011 - 21:39 UTC

  Argentine economic activity expands in September for 25th straight month

  

  Argentina's economy grew 7.7% in September from a year earlier, the government said on Friday, beating market expectations and marking the 25th straight month of growth.