Economy

• Thursday, September 29th 2011 - 06:12 UTC

  Ecuador land of exquisite cacao, major sponsor at Chocolate Week in London

  

  Ecuador has been announced as a major sponsor and exhibitor of the National Chocolate Week in London, the UK’s biggest and most indulgent chocolate celebration.

• Thursday, September 29th 2011 - 06:09 UTC

  Brazilian judge orders halt to construction of third largest dam in the world

  

  A judge in Brazil has ordered a halt to construction of a multi-billion-dollar dam project in the Amazon region. Judge Carlos Castro Martins barred any work that would interfere with the natural flow of the Xingu river.

• Thursday, September 29th 2011 - 00:48 UTC

  Raul Castro drops 50-year ban: Cubans allowed buying and selling cars

  

  Cuba authorized auto sales among individuals Wednesday, easing a 50-year-old ban that has helped make the Castro brothers-ruled island a living museum of vintage cars.

• Thursday, September 29th 2011 - 00:40 UTC

  ‘Why support Argentina financially when the country threatens Falklands?’

  

  Why should the UK support Argentina financially when the country is acting against British interests particularly in issues such as the Falkland Islands, asks an article in the Mail-online.

• Thursday, September 29th 2011 - 00:12 UTC

  US will vote against loans to Argentina in World Bank and IDB

  

  The US State Department said on Wednesday that Argentina must normalize relations with creditors. The statement follows an announcement last week from the Treasury Department warning that the US will vote against granting loans to Argentina in multilateral organizations.

• Wednesday, September 28th 2011 - 06:24 UTC

  Brazil adapts to weaker Real: cuts fuel tax to prop Petrobrás and contain inflation

  

  Brazil cut a tax on fuel sold by Petrobras by 16% helping prevent surging import costs from squeezing profit margins at the state-run company and reducing the need for price increases as inflation quickens.

• Wednesday, September 28th 2011 - 01:17 UTC

  Germany promises help to rebuild confidence in debt-stricken Greece

  

  Germany will do all it can to rebuild confidence in debt-stricken Greece as it implements reforms to meet the conditions of its international bailout package, Chancellor Angela Merkel said on Tuesday.

• Wednesday, September 28th 2011 - 00:58 UTC

  Argentine 2010/11 crop a “historic record” breaks 100 million tons benchmark

  

  Argentina 2010/2011 crop reached 102.082 million tons of grains and oil seeds, a ‘historic record’, according to an official release from the Ministry of Agriculture.

• Tuesday, September 27th 2011 - 22:45 UTC

  Inflation picking up and lower interest rates, forecasts Brazil central bank survey

  

  Brazil’s central bank will miss its inflation target this year for the first time since 2003 according to a central bank survey of economists. Consumer prices will rise 6.52% this year, according to the median forecast in a Sept. 23 central bank survey of about 100 analysts published Monday.

• Tuesday, September 27th 2011 - 22:42 UTC

  Latam currencies weakness ‘transitory’ says Mexican central bank

  

  Mexican central bank Governor Agustin Carstens said the Peso’s weakness is “transitory” and the currency is likely to resume its upward trend, along with other Latin American currencies.