Economy

• Monday, October 24th 2011 - 21:20 UTC

  Increase in mergers of AIM oil and gas firms forecasted

  

  Increases in mergers and acquisitions of AIM (*) oil and gas firms are expected after big falls in their value, claims accountants Ernst & Young.

• Monday, October 24th 2011 - 20:19 UTC

  Brazil preparing strict imports’ controls to safeguard domestic industry

  

  Brazil is preparing to implement more strict controls on imports from Asia, particularly China arguing that Beijing will try to take advantage of the positive performance of South America to compensate for the fall of sales in the European Union and the US currently under the burden of the Euro and debt crises.

• Monday, October 24th 2011 - 19:33 UTC

  Australia exports 969 tons of high quality beef, mostly rump to Brazil

  

  Australia has been sending beef to the world’s two largest beef exporting countries United States and Brazil. Australian beef exports to Brazil during the first nine months of 2011 jumped 381% year-on-year, to 969 tonnes swt, underlining the growing Brazilian demand for higher quality imported beef, mainly among steakhouse chains in the Sao Paulo region, reports meat-trade-news-daily.

• Monday, October 24th 2011 - 06:50 UTC

  Argentine patrols harass Falklands’ licensed jiggers outside the port of Montevideo

  

  Spanish jiggers operating in the South Atlantic with Falkland Islands licences complain they are been harassed by the Argentine Navy just a few miles away from the port of Montevideo where they call for discharging, maintenance and bunkering.

• Monday, October 24th 2011 - 06:45 UTC

  Argüello claims the UK is ‘stealing’ fisheries resources from Argentine Malvinas

  

  Jorge Argüello, Argentina's permanent representative to the United Nations, accused the United Kingdom of stealing Argentine fisheries resources around the Falkland/Malvinas Islands.

• Monday, October 24th 2011 - 06:41 UTC

  Philip Morris shuts down plant in Uruguay because of anti-smoking policies

  

  The US tobacco giant Philip Morris said on Friday it shut down its plant in Uruguay because the country's anti-smoking policies make business unprofitable.

• Monday, October 24th 2011 - 06:31 UTC

  Sarkozy to Cameron: “you hate the Euro so stop telling us what to do”

  

  French President Nicolas Sarkozy launched a scathing attack on British Prime Minister David Cameron at Sunday's EU summit, saying he was “sick of him telling us what to do,” Britain's press reported.

• Saturday, October 22nd 2011 - 11:02 UTC

  The modern lords of finance are losing their immunity, says Paul Krugman

  

  As the Occupy Wall Street movement continues to grow, the response from the movement’s targets has gradually changed: contemptuous dismissal has been replaced by whining. (A reader of my blog suggests that we start calling our ruling class the “kvetchocracy.”) The modern lords of finance look at the protesters and ask: Don’t they understand what we’ve done for the U.S. economy?

• Saturday, October 22nd 2011 - 10:45 UTC

  After seven years of negotiations Obama signs US/Colombia trade agreement

  

  President Barack Obama signed into law the free trade agreement with Colombia Friday, marking the end of seven years of legislative effort. Obama also signed similar trade agreements with Panama and South Korea. The US Congress sent the trade bills to Obama after ratifying the agreements October 12.

• Saturday, October 22nd 2011 - 04:29 UTC

  “Closer political links with Brazil” can be expected if CFK is re-elected

  

  The most certain re-election of Cristina Fernandez as Argentina president on Sunday 23 October is expected to signal more intense and closer relations with Brazil, expanding to other foreign affairs issues and working on a shared international agenda according to analysts from both countries .