Economy

Monday, September 12th 2011 - 05:35 UTC
Latest estimates indicate Brazil is heading for another record grains crop

Brazil latest harvest (2010/2011) should reach 162.9 million tons of grains and oilseeds establishing a new record according to the latest release by the National Supplies Company, Conab.
Monday, September 12th 2011 - 02:05 UTC
G8 and Mid East pledge 38bn dollars for Arab spring transition to democracy

Western and Middle Eastern governments pledged to help Egypt, Tunisia, Morocco and Jordan make the transition to democracy, mobilizing 38 billion dollars of financing, mostly through international lending organizations.
Monday, September 12th 2011 - 02:01 UTC
German ‘pragmatic’ top official for ECB board to help tackle Euro crisis

Germany has proposed Deputy Finance minister Joerg Asmussen to replace Juergen Stark on the European Central Bank's executive board, Finance Minister Wolfgang Schaeuble said.
Monday, September 12th 2011 - 01:49 UTC
NZ meat industry puts up its best show for Rugby World Cup fans

New Zealand's biggest meat company expects the horde of carnivorous rugby fans to consume an extra 70,000 of sheep, cattle and deer during the Rugby World Cup that took off last Friday.
Monday, September 12th 2011 - 01:46 UTC
On request from government Repsol-YPF ratified investment plans in Argentina

Argentina’s government will monitor ownership changes at Spain’s Repsol and it reserves the right to wield its golden share in YPF, the Spanish concern’s local unit, YPF, said in a statement after a board meeting that included a state-appointed director.
Saturday, September 10th 2011 - 06:34 UTC
Latin American shares sink on Friday following global equity plunge

Latin American shares sank on Friday as global equity markets plunged on fears a Greek default could hobble major European banks and deepen a global economic slowdown.
Saturday, September 10th 2011 - 06:29 UTC
Uruguay offered cheaper power from private wind-farm developers

Uruguay could enjoy 1.3 billion dollars of wind farms in the next four years after developers said they could provide electricity cheaper than conventional energy sources.
Saturday, September 10th 2011 - 06:22 UTC
IMF chief calls on economic leaders to act with “conviction and urgency”

Policymakers in advanced economies should use all available tools to boost growth, International Monetary Fund Managing Director Christine Lagarde said on Friday, calling for bold action to weather a “dangerous new phase” of recovery.
Saturday, September 10th 2011 - 06:12 UTC
US says Germany must give “unequivocal” financial support to weaker Euro states

United States pressed Europe's strongest economies on Friday to give “unequivocal” financial support to weaker Euro zone states to overcome a debt crisis that threatens the world economy.
Saturday, September 10th 2011 - 06:04 UTC
Germany prepares to support banks exposed to a possible Greek default

Germany’s Chancellor Angela Merkel government is preparing plans to shore up German banks in the event that Greece fails to meet the terms of its aid package and defaults, three coalition officials said.