Economy

• Saturday, October 15th 2011 - 18:35 UTC

  G20 ministerial meeting puts all its weight behind the coming EU summit

  

  A European Union summit later this month will agree “decisive” measures to tackle the Euro zone debt crisis, the French finance minister announced on Saturday.

• Saturday, October 15th 2011 - 04:30 UTC

  Argentine September official inflation 0.8%, less than half private estimates

  

  September inflation in Argentina climbed 0.8%, less than half the estimate from private consultants, according to the latest report from the discredited Statistics and Census Institute, Indec. In nine months accumulated inflation reached 7.3% and compared to a year ago, 9.9%.

• Saturday, October 15th 2011 - 04:25 UTC

  Developing economies proposal to double size of IMF shot down by main members

  

  Proposals to double the size of the IMF as part of a broader international response to Europe's debt crisis immediately ran into resistance from the United States and others, burying the idea for now and firmly putting the onus back on Europe.

• Saturday, October 15th 2011 - 04:23 UTC

  Merkel hits back at critics, insists on regulation of financial markets

  

  German Chancellor Angela Merkel hit back at critics of her Euro zone policy saying it was unacceptable for them to demand bolder action to combat the debt crisis while at the same time resisting steps to rein in financial markets.

• Friday, October 14th 2011 - 22:00 UTC

  September inflation in China eased but high prices for food remain a concern

  

  Inflation in China eased slightly in September but high prices, especially for food, remain a concern for the country's population. Consumer prices rose 6.1% last month, compared with the same month last year, the National Bureau of Statistics said.

• Friday, October 14th 2011 - 07:41 UTC

  Brazil sets tough rules for three airport terminals concessions

  

  Operators interested in running Brazil's largest airport will be required to make a minimum bid of 1.3 billion dollars, Brazil's aviation authority said on Thursday.

• Friday, October 14th 2011 - 03:21 UTC

  Argentina agrees to dredge a River Plate access canal, crucial for Uruguayan ports

  

  Uruguay and Argentina approved this week conditions to begin dredging the River Plate Martin Garcia access channel, an ongoing dispute of over ten years that seriously constrained Uruguay’s ports development, according to reports in the Montevideo media.

• Friday, October 14th 2011 - 03:12 UTC

  Uruguay forecasted to expand 5.5% this year and 4.5% in 2012

  

  The Uruguayan economy is forecasted to expand 5.5% this year generating 40.000 new jobs, and 4.5% in 2012, according to “Prospects and Tendencies” announced Thursday by the Economy Institute from the Economics Faculty.

• Friday, October 14th 2011 - 02:58 UTC

  S&P downgrades Spain’s credit rating on incomplete labour market reforms

  

  Ratings agency Standard and Poor's downgraded the long-term credit rating of Spain by one notch, knocking the Euro down by a third of US cent as it followed hard on the heels of a similar downgrade by Fitch last week.

• Thursday, October 13th 2011 - 23:41 UTC

  IMF says China can partially offset the impact of a global crisis

  

  China has the scope to respond if global economic risks materialize, and the country's response could partially but not entirely offset the impact of a global crisis, the International Monetary Fund's Asia and Pacific director said on Thursday.