Economy

• Wednesday, October 19th 2011 - 06:51 UTC

  Subtle warning from Moody’s to Paris on the French banking system

  

  In a carefully worded statement, Moody's Investor Service hinted that the outlook for France's top-tier credit rating could be at risk. The nation still enjoys “very high government financial strength,” said the ratings agency in its annual credit report on France, released late Monday.

• Wednesday, October 19th 2011 - 06:44 UTC

  Rousseff calls on rich countries for a ‘credible agreement’ to overcome EU crisis

  

  Leaders from India, Brazil and South Africa on Tuesday urged the world's rich countries to contain their financial crises and prevent the global economy from slipping into a double dip recession.

• Wednesday, October 19th 2011 - 06:22 UTC

  “Vulnerable to funding stress” Moody’s downgrades Spain’s sovereign rating

  

  Moody's Investors Service cut Spain's sovereign ratings by two notches, saying high levels of debt in the banking and corporate sectors leave the country vulnerable to funding stress.

• Wednesday, October 19th 2011 - 01:25 UTC

  Good prospects for Falklands’ tourism arrivals, with cruise visitors up 17%

  

  The Falkland Islands Tourist Board has just completed its latest Falklands Forecast and all indications are showing a positive increase across the board for the 2011-2012 tourism season.

• Tuesday, October 18th 2011 - 18:57 UTC

  Beware of self-complacency Iglesias tells Latin American leaders

  

  The Ibero-American summit scheduled for October 28/29 in Paraguay will be ‘much dominated’ by current global events said Secretary General Enrique Iglesias who also warned on the risks of self-complacency in Latin America.

• Tuesday, October 18th 2011 - 15:46 UTC

  Paraguay with Russian help, checking cattle for FMD, hoping to resume exports

  

  Paraguay Animal Health and Food Quality Department (Senacsa) has started a cattle census in the north of the country where a limited outbreak of foot and mouth disease was reported last month.

• Tuesday, October 18th 2011 - 09:04 UTC

  Mujica tries “to sell” Uruguay in Hamburg; Tuesday with Chancellor Merkel

  

  Uruguayan president Jose Mujica tried to seduce German investors and business people during his first day visit to Germany which has been marked by the impact of the European crisis. On Tuesday he is scheduled to meet Chancellor Angela Merkel and President Christian Wulff.

• Tuesday, October 18th 2011 - 08:54 UTC

  Argentine farmers join the fold and say the conflict ‘is over’ and praise CFK

  

  One of the four rural organizations that for several years clashed with the Argentine government over export taxes considers the conflict “to be over” and said that President Cristina Fernandez “remains committed to helping the farming sector”.

• Tuesday, October 18th 2011 - 07:12 UTC

  Rousseff announces massive investment in urban transport projects

  

  President Dilma Rousseff said Monday that her administration plans to invest 30 billion Reais (17 billion dollars) in urban transportation projects across Brazil.

• Monday, October 17th 2011 - 21:46 UTC

  Spanish corporation will construct 70ml bio-ethanol plant in Uruguay

  

  Spain’s Abengoa has announced that it will construct a bio-ethanol plant in the department of Paysandu, Uruguay, for Alcoholes de Uruguay, or ALUR. The contract, which includes the construction of an adjoining power cogeneration plant, is worth 120 million dollars.