Economy

Monday, July 19th 2010 - 00:15 UTC
World production of rough rice affected by dry weather in Mekong River

Global production of rough rice, the staple for half the world’s population, may be 6 million tons less than estimated earlier this year after prolonged dry weather in the Mekong River region hurt crops, according to the United Nations Food and Agriculture Organization.
Saturday, July 17th 2010 - 06:43 UTC
Buffett warns Obama US economy is only 40/50% back on its feet

United States President Barack Obama received a sobering message from billionaire Warren Buffett when he asked for the investment guru's views about the economic recovery, according to an interview Obama gave NBC News on Thursday.
Saturday, July 17th 2010 - 06:23 UTC
Argentina proposes gradual elimination of Mercosur double charge common tariff

Argentina proposed the gradual elimination of the Mercosur Common External Tariff, AEC, double charge and hopes the initiative will receive a first approval before Buenos Aires has to turn over the rotating chair of the trade group to Brazil next August.
Saturday, July 17th 2010 - 06:19 UTC
Toyota, Nissan plan to invest 1.2 billion USD to increase production in Latam

Toyota Motor Corp. and Nissan Motor Co. will invest a combined 1.2 billion US dollars to expand production in Latin America amid growing regional and export demand.
Friday, July 16th 2010 - 19:41 UTC
Colombia joins race to become energy independent by 2020

Colombian state oil company Ecopetrol said it expects to produce 1.3 million barrels per day of “clean” oil equivalent by 2020 and that some 80 billion US dollars in investment will be needed to meet the target.
Friday, July 16th 2010 - 04:00 UTC
Goldman Sachs fined 550 million USD for giving clients “incomplete information”

Goldman Sachs has agreed to pay 550 million US dollars to settle civil fraud charges of misleading investors. The US financial watchdog, the Securities and Exchange Commission (SEC), said this was the biggest fine against a bank in its history.
Friday, July 16th 2010 - 03:55 UTC
EU/Mercosur business leaders call for “ambitious and balanced” trade agreement

Brazilian and European business leaders gathered in Brasilia urged their governments to reach an “ambitious and balanced” trade agreement between Mercosur and the EU, and give first priority to the conclusion of the WTO Doha round talks.
Friday, July 16th 2010 - 03:46 UTC
US Senate approves biggest overhaul of financial regulation in decades

United States Senate has given final approval to the biggest overhaul of US financial regulation in decades. The reforms are intended to avert a repeat of the 2008 crisis that brought the world economy to the brink of collapse.
Thursday, July 15th 2010 - 06:40 UTC
Mercosur member Paraguay among the world’s tope eight beef exporters

Mercosur full member Paraguay is now between the world’s eight top exporters of beef, with prospects of increasing that position as meat quality increases boosted by improved breeding and better sanitary conditions.
Thursday, July 15th 2010 - 06:35 UTC
Argentina confident soy-oil dispute with China will be solved “in the short term”

Argentine Ambassador to China, César Mayoral announced in Beijing that the soybean oil conflict with Beijing that has been ongoing since the beginning of the year “will be solved in the short term.”