Economy

Thursday, December 15th 2011 - 00:50 UTC
China imposes punitive duties on large cars exported from US

China will impose punitive duties of up to 22% on large cars and SUVs exported from the United States, China's Commerce Ministry said on Wednesday, the latest in a series of trade disputes between the world's two largest economies.
Thursday, December 15th 2011 - 00:45 UTC
Hong Kong world’s most developed financial market; Brazil in Latam

Hong Kong became the world’s most developed financial market, overtaking the US and the UK for the first time, according to the Financial Development Report 2011 published by the World Economic Forum (WEF) on Wednesday.
Wednesday, December 14th 2011 - 23:07 UTC
Credit ratings remain reluctant to award Uruguay ‘investment grade’

Credit rating agencies believe that in spite of the successful management of its sovereign debt Uruguay still has some issues to improve before investment grade is awarded. Moody’s has promised to visit Uruguay at the beginning of next year to assess those conditions.
Wednesday, December 14th 2011 - 18:17 UTC
In summer take your ties off and help save power, says Chilean government

As has happened in other countries, Chilean Energy minister Rodrigo Alvarez has officially launched the campaign, “in summer, no ties” to help save with the use of air conditioners mainly in government offices.
Wednesday, December 14th 2011 - 18:05 UTC
China questions safety of Brazil’s dry bulk carriers, the world’s largest

China should be in no rush to allow Brazil’s new Valemax ships, the world's largest dry bulk carriers, into its ports, as they have not been thoroughly tested and any oil leak from one could be catastrophic, an influential Chinese industry group warned on Tuesday.
Wednesday, December 14th 2011 - 17:48 UTC
Mexican president criticizes the US on its financial misbalances

President Felipe Calderon criticized its powerful neighbour, United States during a speech in which he outlined the G20 agenda for the next twelve months, including the summit, which is under the presidency of Mexico.
Wednesday, December 14th 2011 - 17:04 UTC
October marks UK highest unemployment level in 17 years

The number of Britons out of work rose to its highest level in more than 17 years in October, and these jobless figures look set to rise further as firms facing the threat of a renewed recession cut back on staff.
Wednesday, December 14th 2011 - 16:48 UTC
OPEC agrees 30m bpd supply target; Saudis want oil below 100 dollars per barrel

OPEC oil producers on Wednesday sealed their first new production limit in three years in a deal that settles a 6-month-old argument over output levels firmly in Saudi Arabia's favour.
Wednesday, December 14th 2011 - 05:02 UTC
Brazilian bus manufacturer expands into the Australian market

Brazil’s Marco Polo one of the world’s largest manufacturers announced on Tuesday it had purchased a 75% stake in the Volgren Australia bus building industry an operation involving 53 million dollars.
Wednesday, December 14th 2011 - 03:56 UTC
Argentine November inflation 1.44% and 22.63% in eleven months, say lawmakers

Argentine Lower House opposition lawmakers announced on Tuesday that inflation in November had reached 1.44%, accumulating so far this year, 22.63%. The so called ‘Congressional index’ is an average of the estimates from private consultants who face heavy fines if they make public their numbers.