Economy

• Thursday, May 20th 2010 - 03:34 UTC

  World shares fall after surprise move by Germany to limit short-selling

  

  World shares fell on Wednesday after a surprise move by Germany to ban some types of short-selling of financial products. Bans on short selling have been introduced in recent times of financial instability by both the UK and US.

• Thursday, May 20th 2010 - 03:28 UTC

  Petrobras leading Latinamerican corporation based on sales volume

  

  Petrobras, Brazil’s government managed oil and gas corporation rates as the Latinamerican corporation with the largest volume of sales, according to consultants Economática. The top ranked include six Brazilian companies, three Mexican and one from Colombia.

• Wednesday, May 19th 2010 - 05:50 UTC

  Madrid summit committed to a “multi-polar” world; rejects protectionism

  

  The European Union-Latin America-Caribbean leaders’ summit wrapped up on Tuesday in Madrid with unanimous agreement about the need to develop new instruments of global governance for a multi-polar world and a commitment “to reject any form of protectionism”.

• Wednesday, May 19th 2010 - 05:45 UTC

  Euro opens in Asian markets Wednesday at new four-year low

  

  The Euro dropped to a new four-year low against the US dollar on Wednesday in Asian markets, changing hands at 1.2144 US dollars in early trade in Tokyo, amid persistent concerns over the European debt crisis.

• Tuesday, May 18th 2010 - 21:53 UTC

  UK consumer inflation reaches 17-month high in April

  

  United Kingdom consumer price inflation unexpectedly jumped to a 17-month high in April, 3.7%, driven by big rises in tax on alcohol and tobacco as well as higher prices for women's clothing and food, data showed.

• Tuesday, May 18th 2010 - 21:51 UTC

  Peruvian economy rebounds and expands 8.76% in first quarter

  

  The Peruvian economy expanded 8.76% in the first quarter of 2010 compared to the same period a year ago, the highest rate in the last 17 months, according to the head of the country’s Statistics Office, Renán Quispe.

• Tuesday, May 18th 2010 - 05:04 UTC

  Euro falls to its lowest since April 2006; fears of double dip in the economy

  

  The Euro fell to its lowest since April 2006 even as European finance ministers sought to dissipate concern that spending cuts to combat the region’s debt crisis won’t cause a double dip in the economy.

• Tuesday, May 18th 2010 - 04:59 UTC

  Chile’s Concha y Toro wines official sponsors of Manchester United

  

  England’s Manchester United agreed on a sponsorship accord with Vina Concha y Toro SA, making Chile’s largest winery the latest company to become an official partner of the 18-time English soccer champion.

• Tuesday, May 18th 2010 - 04:46 UTC

  Latam largest economies plan trade accord with most tariffs cut to zero

  

  Mexican Deputy Economy Minister Beatriz Leycegui said the government aims to reach a trade accord with Brazil to reduce tariffs to zero on the majority of goods sold between Latin America’s two biggest economies.

• Tuesday, May 18th 2010 - 04:43 UTC

  Brazil is “well prepared” for possible Euro debt crisis spill over

  

  Brazil is well prepared for any negative spillover effects from the EU debt and Euro crisis, although things “could be worse”, according to Brazilian Central Bank president Henrique Meirelles currently in New York.