Economy

• Thursday, October 6th 2011 - 17:06 UTC

  China, the white knight of success, is facing its own debt bubbles

  

  With its deep pockets and buoyant growth, China has been touted as a white knight for the world economy. But fears are growing that the country may face its own debt crisis as its economy shows signs of a slowdown.

• Thursday, October 6th 2011 - 16:59 UTC

  Bank of England agrees to inject £ 75 billion to shield the British economy

  

  The Bank of England will inject 75 billion pounds to shield Britain's economy from the Euro zone debt crisis and keep a faltering recovery going, opting for an early, dramatic move to maximise the impact.

• Thursday, October 6th 2011 - 08:44 UTC

  Latam will try to define a common stance ahead of the G20 summit in France

  

  Latin American countries will be meeting in Uruguay in two weeks time to define a common stance on the international crisis for the coming G20 summit that will be taking place early November in France.

• Thursday, October 6th 2011 - 08:41 UTC

  Fitch warns Latam commodity-exporting countries of a ‘hard-landing’ in China

  

  According to a new special report issued by Fitch Ratings released Wednesday, a potential 'double-dip' in the US or a hard-landing in China would have negative economic implications for Latin American countries.

• Thursday, October 6th 2011 - 05:01 UTC

  “Occupy Wall Street” movement spreads from New York across the US

  

  Demonstrators from New York City to San Francisco took to the streets Wednesday to protest what they call a growing wealth disparity between large US corporations and average citizens in the wake of the financial crisis.

• Thursday, October 6th 2011 - 02:32 UTC

  Falklands and Punta Arenas work to establish closer agriculture technical links

  

  Representatives from the Falkland Islands Agriculture Department and private sector visited Punta Arenas in the extreme south of Chile to establish closer commercial, technical and academic links related to farming development.

• Thursday, October 6th 2011 - 02:16 UTC

  Uruguayan auto assembly industry exempt of Brazil’s IPI 30% tax increase

  

  In the framework of the so called Plan Maior, Brazil adopted measures to stimulate its industry with the purpose of increasing productivity and containing competition from Chinese produce in its domestic market.

• Thursday, October 6th 2011 - 01:55 UTC

  “Mercosur won’t destroy European agriculture”, says EU business lobby

  

  The head of Business-Europe International Relations said Wednesday that a free trade agreement between the European Union and Mercosur “would not destroy European agriculture” in spite of fears from farmers.

• Wednesday, October 5th 2011 - 22:05 UTC

  Canadian rating agency upgrades Argentina, but warns about external shock

  

  DBRS rating agency from Canada upgraded on Wednesday its ratings on Argentina's long-term foreign and local currency securities to “B” from B (low). The trends have been revised to Stable.

• Wednesday, October 5th 2011 - 21:44 UTC

  Global financial crisis “starting to affect” Argentina says manufacturers union

  

  The head of the Argentine Industrial Union (UIA), José Ignacio de Mendiguren, warned on Wednesday that Argentina “is starting to be affected” by the global financial crisis, furthering that the country “is not protected” against the situation.