Economy

• Thursday, November 10th 2011 - 08:01 UTC

  Brazil preparing battery of incentives if Q3 GDP growth is not convincing

  

  Brazil’s government is debating whether to remove credit restrictions imposed in the last eleven months as President Dilma Rousseff seeks to shore up economic growth, according to government officials.

• Thursday, November 10th 2011 - 07:57 UTC

  Brazilean court allows construction of controversial gigantic dam to continue

  

  A Brazilian federal court on Wednesday rejected an appeal for suspending construction of the controversial 11 billion dollars Belo Monte hydroelectric dam in the heart of the Amazon until after indigenous people has been consulted.

• Thursday, November 10th 2011 - 07:43 UTC

  Chinese leading bank planning to expand business in Argentina

  

  China Industrial and Commercial Bank Ltd. plans to invest 100 million dollars in Standard Bank Argentina once it receives regulatory approval to buy a majority stake in the company, according to Argentine financial sources.

• Thursday, November 10th 2011 - 07:36 UTC

  Obama/CFK meeting “warm” but Argentina must pay its debts

  

  The US referred to last week’s meeting between Barack Obama and President Cristina Fernández as “warm,” but once again “encouraged” Argentina to pay off the debt it holds with US bondholders and companies.

• Thursday, November 10th 2011 - 06:31 UTC

  Uruguay advised to lower Mercosur expectations and ‘follow your own interests’

  

  Mercosur expectations must be lowered and made to prosper in energy integration, infrastructure and trade, said a Uruguayan leading economist adding that without sounding dramatic “we must follow our interests”.

• Thursday, November 10th 2011 - 06:11 UTC

  Euro crisis: Brazil says capital flight from emerging economies has started

  

  Members from the Brazilian and Uruguayan governments have warned about the increase of capital flight from emerging countries as the Euro crisis lags in search of a strong decision.

• Thursday, November 10th 2011 - 05:59 UTC

  Italy at the point where Greece, Ireland and Portugal cracked; global markets on the edge

  

  Stock markets in Asia opened sharply lower on Thursday after Italy's record-high cost of borrowing renewed fears over the Euro-zone crisis. Japan's Nikkei index fell 2.3%, Australia's ASX was down 2.8% while South Korea's Kospi opened 2.6% lower.

• Thursday, November 10th 2011 - 05:56 UTC

  China inflation cools in October; housing transactions down 25% from September

  

  China's inflation cooled in October, home sales fell and industrial output grew at the slowest pace in a year, adding pressure for measures to support growth in the world's second-biggest economy.

• Wednesday, November 9th 2011 - 22:02 UTC

  More oil found in Falklands’ waters: drilling of two additional wells announced

  

  Rockhopper Exploration declared a second oil and gas discovery in Falkland Islands waters and announced the drilling of an additional two wells. The announcement comes exactly two years to the day since the Falklands’ shore based yard began its work in support of oil development in the Islands.

• Wednesday, November 9th 2011 - 07:14 UTC

  FIFA warns Brazil about 2014 World Cup delays: “not a day to lose”

  

  Brazil must hurry up and pass a package of new laws if the 2014 World Cup is to go ahead, FIFA secretary general Jerome Valcke told the country's Congress on Tuesday, adding there was “not a day to lose.”