Economy

Tuesday, October 4th 2011 - 19:52 UTC
Federal Reserve tries to calm markets; promises further action to prop the economy

The Federal Reserve is prepared to take further steps to help a fragile economic recovery held back by a weak job market and financial stresses in Europe, Fed Chairman Ben Bernanke said on Tuesday.
Tuesday, October 4th 2011 - 06:59 UTC
Latin America has diminished poverty indexes but deep inequality gaps remain

Latin America has experienced significant advances in the reduction of poverty but has barely improved the deep social inequalities that limit its development according to Heraldo Muñoz, head of the regional UN Program for Development.
Tuesday, October 4th 2011 - 06:45 UTC
EU farm losses from trade deal with Mercosur ‘would range 1 to 3 billion Euros’

European Union farmers could suffer losses ranking from one to three billion Euros if a trade agreement is finally agreed with Mercosur according to a European Commission evaluation paper on the impact.
Monday, October 3rd 2011 - 22:08 UTC
Aerolíneas Argentinas among the top short list of money loosing air carriers

Aerolíneas Argentinas is estimated to have lost in the last twelve months 486 million dollars which puts her among the air carriers with greatest losses in the world. Only Air India, also government managed, but with 30.000 staff (three times her Argentine counterpart) dilapidated 1.2 billion dollars and Kuwait Airways, 564 million dollars
Monday, October 3rd 2011 - 22:05 UTC
Half a million sheep dead in Patagonia because of the volcanic ash

Half a million sheep have already died in Argentine Patagonia as a result of the eruption of the Chilean volcano Puyehe, which has covered most fields in the province of Chubut with a film made of a mix of mineral ash.
Monday, October 3rd 2011 - 21:13 UTC
“Chavez preaches Socialism but spends like a rich capitalist”, Venezuela Transparency

One morning October last year two agents from the Venezuelan presidency cabinet left on a special mission from the Miraflores Palace (seat of the Executive). They headed a few blocks away to the Central Bank to pick up five million dollars cash, expenses-money for the coming international tour of President Chavez to Moscow, Kiev, Teheran, Damascus and Tripoli.
Monday, October 3rd 2011 - 08:07 UTC
Brazil props defence industry by reducing taxes, but demands more exports

Brazilian President Dilma Rousseff signed a bill exempting defence companies from taxes for five years. The measure is geared to prop the defence industry and reduce the share of imported equipment for the armed forces.
Monday, October 3rd 2011 - 08:01 UTC
US with highest poverty levels in 52 years: 46.2m including 14.7m children

Poverty in the United States has grown steadily in the past few years. According to the US Census bureau, 46.2 million people lived in poverty in 2010, the highest in the 52 years poverty estimates have been published.
Monday, October 3rd 2011 - 07:57 UTC
Rare Dolan ram has a going price in China of £ 1.4 million

Only 1,000 Dolan sheep exist in the world, according to breeders, and their extraordinary features have made them the latest collectors' item for ultra-rich Chinese, writes the Daily Telegraph.
Monday, October 3rd 2011 - 07:22 UTC
Rousseff and Blatter to discuss disputes regarding organization of 2014 World Cup

Brazilian President Dilma Rousseff plans to meet the president of soccer's world governing body on Monday to resolve a legal dispute over the 2014 World Cup, the Estado de S. Paulo newspaper reported.