Economy

• Friday, November 18th 2011 - 21:35 UTC

  Controversy over the ECB role remains at the heart of the Euro crisis

  

  European Central Bank chief Mario Draghi told Euro zone governments on Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in response to an escalating debt crisis.

• Friday, November 18th 2011 - 06:32 UTC

  IMF chief Lagarde to visit Peru, Mexico and Brazil end of the month

  

  The Managing Director of the IMF Christine Lagarde will be making her first official tour of Latin America when she visits Peru, Mexico and Brazil at the end of November and beginning of December according to spokesperson David Hawley.

• Friday, November 18th 2011 - 06:30 UTC

  Brazil economic activity falls 0.32% in the third quarter

  

  Brazilian economic activity dipped in the third quarter despite a slight rise in September, according to central bank data on Thursday. The central bank's IBC-Br economic activity index fell 0.32% in the third quarter.

• Friday, November 18th 2011 - 06:11 UTC

  Argentine economic activity expands at steady pace, but signs of cooling

  

  Argentine economic activity grew at a steady pace in October but there are signs that growth will cool in the coming months, local consultants Orlando J. Ferreres & Asociados, OJF, said Thursday.

• Friday, November 18th 2011 - 06:07 UTC

  S&P upgrades Brazil’s long-term foreign currency sovereign credit rating

  

  Standard and Poor's Corp said Thursday it was upgrading the credit rating of Brazil by one notch to BBB, adding that the upgrade reflected the country’s increasing capacity to hold up against the overall deterioration in the global economic outlook.

• Friday, November 18th 2011 - 05:41 UTC

  NY police arrest 177 in clashes with protestors trying to shut down Wall Street

  

  New York police prevented protesters from shutting down Wall Street, arresting at least 177 people in repeated clashes with an Occupy Wall Street rally that grew to several thousand strong.

• Friday, November 18th 2011 - 05:38 UTC

  Euro confidence crisis has several countries under siege

  

  Greek police clashed with anti-austerity protesters and Italy announced sweeping reforms in response to a European debt crisis that on Thursday pushed borrowing costs for France and Spain sharply higher.

• Friday, November 18th 2011 - 05:27 UTC

  Peugeot and GM Argentina promise not to remit dividends for two years

  

  The French auto consortium Peugeot-Citröen agreed with the Argentine government not to remit earnings during two years (2011/2012), approximately 50 million dollars announced Argentine government sources.

• Thursday, November 17th 2011 - 23:41 UTC

  Paraguay’s wheat exports doubled in a year to over a million tons

  

  Paraguay’s wheat exports have doubled in 2011 compared to the previous year and has increased 33 fold in the last decade, and this has been based on a government-private effort of investing in scientific research and technology.

• Thursday, November 17th 2011 - 22:25 UTC

  Santiago air terminal will be expanded to handle 24m pax annually by 2017

  

  Chilean Public Works minister Laurence Golborne announced this week a 500 million dollars plan to revamp Santiago’s air terminal to address the ever growing number of national and international passengers.