Economy

• Tuesday, August 16th 2011 - 05:52 UTC

  World Bank warns a ‘hard landing’ in China would have great impact in Latam

  

  The World Bank's chief economist for Latin America and the Caribbean said Monday that the bank is maintaining its 2011 outlook for the region's economic growth at about 4.5% despite concerns of a new global crisis.

• Tuesday, August 16th 2011 - 02:44 UTC

  Global food prices in July 33% higher than a year ago, says World Bank

  

  Global food prices are at high levels and when combined with continued volatility, put the poorest people in the developing world at continued risk, according to the World Bank Group’s Food Prices Watch released Monday.

• Monday, August 15th 2011 - 23:43 UTC

  Soros backs creation of Euro bonds to solve Euro debt crisis; Germany rejects idea

  

  George Soros has backed “Eurobonds” - joint debts of the 17 Euro zone members - to solve the Euro zone debt crisis. Speaking to the BBC, the billionaire investor said if European leaders fail to keep the Euro together, there would be a “really serious global calamity”.

• Monday, August 15th 2011 - 23:41 UTC

  Buffett calls on the US Congress to “stop coddling the super rich”

  

  Warren Buffett has called for Congress to make him and his “mega-rich friends” pay more income tax. In a piece in The New York Times newspaper, the billionaire investor and philanthropist said the rich should do more to help plug the deficit.

• Monday, August 15th 2011 - 23:15 UTC

  Renewed UK interest in South America in spite of Argentina’s Falklands’ policy

  

  The UK is showing a renewed interest in South America and has been successful in establishing cooperation with individual countries in spite of Argentina’s attempts to gather multilateral support for its claim on the Falkland Islands, according to World Politics Review.

• Monday, August 15th 2011 - 11:56 UTC

  USDA estimates Argentine 2011/12 wheat crop at 13.5 million

  

  The coming 2011/12 wheat crop of Argentina will reach 13.5 million tons instead of the 15 million forecasted last July, reported the US Agriculture Department, USDA.

• Monday, August 15th 2011 - 05:00 UTC

  Japanese agency upgrades Brazil’s credit rating to BBB, second notch in investment grade

  

  R&I Japan agency last week upgraded Brazil’s credit rating from BBB- to BBB, the second notch in investment grade level, with stable outlook.

• Monday, August 15th 2011 - 04:35 UTC

  Unasur creates three task groups to protect the region from ‘industrialized north crises’

  

  The Union of South American Nations must act quickly to protect the region's growing economies from another global financial crisis, Economy ministers and Central bankers from the 12-nation organization agreed at an emergency meeting convened Friday in Buenos Aires.

• Monday, August 15th 2011 - 01:08 UTC

  Loss of confidence in economic leadership leaves world economy in “new danger zone”

  

  The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunday.

• Monday, August 15th 2011 - 01:00 UTC

  Lula da Silva: developed countries lack political initiative; need to learn from Latam

  

  Former Brazilian president Lula da Silva blasted the developed countries lack of political initiative to face the economic crisis and suggested they adopt a strategy similar to Brazil’s.