Economy

• Tuesday, October 25th 2011 - 20:45 UTC

  The Argentine economy is “a time-bomb ticking” warns economist

  

  A ‘time bomb ticking’ is how economist Carlos Melconian described the current economic situation in Argentina in spite of all the production and consumption ‘records’. Melconian argues that Argentina is travelling through an ‘anaesthetic path’ which overshadows reality.

• Tuesday, October 25th 2011 - 19:45 UTC

  Crises in the US and Spain have Uruguayans returning in growing numbers

  

  Uruguayan expatriates are returning at an average of 350 per month which is three times the 2010 rate, but his only refers to those that have formally requested advice and assistance from the country’s Foreign Affairs ‘Return and Welcome Office’.

• Tuesday, October 25th 2011 - 18:50 UTC

  EIU expects higher inflation in Uruguay as government tries to spur growth

  

  The Uruguayan government will concentrate efforts in promoting economic growth, (debilitated in the second quarter), plus reducing domestic debt, even to the expense of “weakening the credibility of the inflation target”, according to the Economist Intelligence Unit, EIU, from The Economist magazine.

• Tuesday, October 25th 2011 - 04:26 UTC

  German parliament joins discussion on Euro rescue plan

  

  Germany's political opposition has succeeded in ensuring plans to enhance Europe's bailout fund be brought to a vote in parliament on Wednesday. The decision came after the Bundestag's plenary session rejected the opposition's demands for an open debate just Friday.

• Tuesday, October 25th 2011 - 04:19 UTC

  Inflation in Brazil slowing down for the first time in 14 months

  

  Economists covering Brazil cut their 2012 inflation forecast for the first time in eight weeks, cementing expectations that the central bank will continue to cut interest rates.

• Tuesday, October 25th 2011 - 04:11 UTC

  Brazil after billions of dollars to give airports on concession

  

  Brazil’s secretary of civil aviation, Wagner Bittencourt, has confirmed that the government is looking for at least 1.3 billion dollars for the São Paulo–Guarulhos Airport concession.

• Tuesday, October 25th 2011 - 04:06 UTC

  Brazil ignores OAS meeting due to dispute over hydroelectric dam

  

  Brazil will not take part in the annual meeting of the Organization of American States in Washington on Wednesday due to a dispute over a giant hydroelectric plant, said opponents of the scheme.

• Tuesday, October 25th 2011 - 04:00 UTC

  US to rescue borrowers whose loans are worth more than their homes

  

  The US housing market regulator has agreed to extend a refinancing scheme for borrowers whose loans are worth more than their homes.

• Tuesday, October 25th 2011 - 03:53 UTC

  Latam should turn to Korea for trade and investment, suggests IDB

  

  A new study released by the Inter-American Development Bank (IDB) argues that countries in Latin America and the Caribbean (LAC) should turn their attention to Korea, a fast-growing economy that offers numerous opportunities for bilateral trade and investment.

• Tuesday, October 25th 2011 - 03:49 UTC

  Chinese leaders growing concern with food and property prices

  

  China's Premier Wen Jiabao said the country must control food and property inflation to ensure social stability. The remarks came after the premier visited fresh food markets in south western China over the weekend.