Economy

• Tuesday, November 1st 2011 - 22:57 UTC

  Argentina among top world exporters of chicken meat, while beef loses clout

  

  Argentina is currently ranked among the world’s top six exporters of chicken meat (breast and legs) while in beef has dropped to position nine, according to the latest data from the US Department of Agriculture, USDA.

• Tuesday, November 1st 2011 - 22:18 UTC

  Paraguayan FMD outbreak in September was caused by “human negligence”

  

  Paraguay’s Livestock Service has confirmed that negligence in the handling of foot and mouth disease vaccines was the cause for the September FMD outbreak that forced the country to cease exports. The announcement discards doubts about the quality of the vaccines.

• Tuesday, November 1st 2011 - 21:12 UTC

  Latin America will demand at G20 summit greater voice for emerging economies

  

  The Latin American block arrives this week at the G20 summit in Cannes with a consensus spearheaded by the strong political standing of Brazil in global affairs and with criticisms to the way in which the European Union and the US are managing their respective “crises”.

• Tuesday, November 1st 2011 - 20:52 UTC

  Merkel and Sarkozy determined to implement EU bailout plan for Greece

  

  Germany's Angela Merkel and France's Nicolas Sarkozy are “determined” to implement the EU bailout plan for Greece. That was the outcome of an emergency phone call between the two chiefs of state ahead of a G20 summit Wednesday.

• Tuesday, November 1st 2011 - 20:41 UTC

  Boudou says Argentine foreign exchange market with stabilize in a few days

  

  Argentina’s Economy Minister, Amado Boudou, came on stage again on Tuesday to bring calm to markets Monday’s debut of the very strict measures in the foreign exchange market strongly limiting the purchase of US dollars.

• Tuesday, November 1st 2011 - 20:30 UTC

  Don’t forget poor nations, victims of Euro crisis, World Bank tells G20

  

  Development banks could provide up to 200 billion dollars in financing to help poor nations deal with shockwaves caused by the European sovereign debt crisis, World Bank President Robert Zoellick said on Tuesday.

• Tuesday, November 1st 2011 - 05:58 UTC

  ILO warns G20: risks of ‘social unrest’ in 45 countries because of lack of jobs

  

  The global economy is on the verge of a new and deeper jobs recession that may ignite social unrest, the International Labour Organization (ILO) has warned. It will take at least five years for employment in advanced economies to return to pre-crisis levels, it said.

• Tuesday, November 1st 2011 - 05:45 UTC

  Development bank activity shows Brazilian economy slowing down

  

  Loan disbursements at Brazil's state development bank BNDES will miss their initial target for the year, reflecting a rapid economic slowdown in Latin America's largest economy, the lender's top executive said on Monday.

• Tuesday, November 1st 2011 - 05:36 UTC

  Brazil’s net debt falls in September to 37.2% of GDP, lowest since 1997

  

  Brazil’s net debt fell in September to its lowest level since 1997, as a 15% decline in the real last month boosted the value of the country’s near-record 353 billion dollars in foreign currency reserves.

• Tuesday, November 1st 2011 - 05:28 UTC

  Japan intervenes to lower the Yen after reaching a record high 75 to the US dollar

  

  Japan sold the Yen for the second time in less than three months after it hit another record high against the dollar Monday, saying it intervened to counter excessive speculation that was hurting the world's No. 3 economy.