Economy

Wednesday, November 9th 2011 - 07:02 UTC
Brazil's credit growth slowing to a “sustainable pace”, says Central bank

Brazil’s credit growth is slowing to a sustainable pace and sufficient to feed domestic demand, said on Tuesday Luiz Pereira, the central bank’s director of international affairs.
Wednesday, November 9th 2011 - 06:44 UTC
Chilean inflation up in October for the third straight month; GDP expands faster

Consumer price inflation in Chile accelerated for the third straight month in October, data released by the National Institute of Statistics showed Tuesday.
Wednesday, November 9th 2011 - 06:22 UTC
Lloyds reports £ 3.9bn loss in nine months; blames cost of settling PPI claims

Lloyds Banking Group has reported a £3.9bn (6.3bn) loss for the first nine months of 2011, mainly due to the cost of settling claims for mis-selling payment protection insurance (PPI).
Wednesday, November 9th 2011 - 06:16 UTC
Berlusconi stepping down; technocrat or national unity government to follow

Italian Prime Minister Silvio Berlusconi said on Tuesday he would resign after suffering a humiliating setback in parliament that showed a party revolt had stripped him of a majority.
Tuesday, November 8th 2011 - 08:13 UTC
YPF announces a billion barrels shale-oil discovery in Argentina

Oil company YPF confirmed Monday the finding of its biggest oil discovery in Argentina yet to the Buenos Aires stock exchange. The discovery was made in the Neuquén province and is equivalent to 927 million barrels.
Tuesday, November 8th 2011 - 07:58 UTC
Rousseff warns about global unemployment; calls for plans to generate jobs

Brazilian President Dilma Rousseff addressing the results of the G20 summit in Cannes, where Brazil was one of the countries represented said that job creation is a way to tackle economic crises.
Monday, November 7th 2011 - 05:54 UTC
Major oil company sale collapses after Argentina impones forex controls

China’s Cnooc Ltd.'s deal to buy BP Plc's 7.1 billion dollars stake in Argentine crude producer Pan American Energy LLC collapsed, ten days after Argentina's president ordered oil companies to repatriate export revenue.
Monday, November 7th 2011 - 05:43 UTC
Argentine car exports felt in October the cooling of the Brazilian market

Argentina's car makers, a key pillar of the industrial sector, saw production cool in October from the record levels seen in recent months as demand from neighboring Brazil dropped off.
Saturday, November 5th 2011 - 08:02 UTC
G20 agrees on an “action plan”, but details will have to wait

The G20, composed of the world's most powerful economies, come up Friday with an “action plan” to save the world economic and stabilize the global monetary system, according to an official statement from the Group of 20. The continuing Euro zone debt crisis has dominated the summit.
Friday, November 4th 2011 - 08:39 UTC
South African group awarded contract to build St Helena international airport

The St Helena Government this week entered into a contract with South Africa’s Basil Read (Pty) Ltd in the amount of £201.5 million for the design and construction of the airport, an additional up to £10 million in shared risk contingency, and £35.1 million for ten years of operation.