Economy

Monday, November 25th 2013 - 07:39 UTC
Jaguar-Land Rover to build manufacturing plant in Brazil

Jaguar Land Rover plans to build a 500 million dollars manufacturing plant in Brazil, the O Globo newspaper reported on Sunday. The daily wrote that the Rio de Janeiro factory will be the company's second production facility outside Britain, in addition to one China. It also has an assembly plant in India.
Saturday, November 23rd 2013 - 06:40 UTC
Capitanich announces 50% tax on luxury goods and different rates for utility services

Argentine Cabinet Chief Jorge Capitanich announced on Friday the government sent a bill to Congress raising taxes on luxury goods such as premium model cars, recreation boats, motorbikes and aircraft, and underlined that ”those who want to buy luxury goods will have to pay more,” he warned.
Saturday, November 23rd 2013 - 06:26 UTC
Minutes say US Fed plans to begin trimming stimulus in “the coming months”

The US Federal Reserve officials said they plan to begin trimming the central bank's stimulus efforts in “the coming months”. They believe that the US recovery is strengthening, according to minutes their October meeting.
Friday, November 22nd 2013 - 03:46 UTC
“Argentina is on fire because of inflation” says leading businessman

Fiat Argentina CEO Cristiano Rattazzi said that “Argentina is on fire because of inflation” and called on the newly appointed cabinet chief Jorge Capitanich and Economy minister Axel Kicillof “to work hard to bring inflation down”.
Friday, November 22nd 2013 - 03:43 UTC
'Quality service over profit', Aerolineas Argentinas target, said CEO Recalde

Argentina's flag carrier Aerolíneas Argentinas CEO Mariano Recalde said that the company's goal, as requested by president Cristina Fernández, was to provide a quality service over profit.
Friday, November 22nd 2013 - 03:21 UTC
Janet Yellen ready to become the most powerful woman in world finance

The United States Senate Banking Committee approved on Thursday Janet Yellen's nomination to become the first woman to lead the Federal Reserve, sending it to the full Senate for a final vote. If she is confirmed, as is widely expected, the current No. 2 at the central bank will replace its chairman, Ben Bernanke, when his term expires on January 31, making her the most powerful woman in world finance.
Friday, November 22nd 2013 - 02:02 UTC
Morales orders double Christmas bonus for Bolivia's 300.000 public employees

In what seems a partial contagion of what is happening in Venezuela, Bolivian President Evo Morales announced that he will double the Christmas bonus for Bolivia’s public employees which will be the equivalent of two months extra salary.
Thursday, November 21st 2013 - 18:34 UTC
Falklands’ aquaculture advances with development of brown trout pilot farm

One of the Falklands leading Seafood Companies, Fortuna, has invested in a pilot brown trout farm facility in the Falkland Islands. The project is lead by Simon Hardcastle, a Falkland Islander with experience of fish farming both in Scotland and in earlier projects in the Islands.
Thursday, November 21st 2013 - 18:22 UTC
Uruguay confirms a “several speeds” Mercosur in trade talks with European Union

For Mercosur it is absolutely crucial that the trade and cooperation agreement with the European Union becomes effective said Uruguayan Vice-president Danilo Astori who indicated that Brazil and Uruguay are advancing the agreement at a faster speed than Argentina, which is involved in “a more protectionist focus”.
Thursday, November 21st 2013 - 15:06 UTC
Brazil's unemployment drops to 5.2% in October unaffected by weak economic performance

Brazil's jobless rate fell to 5.2% in October from 5.4% the previous month, despite sluggish economic growth, official statistics released Thursday showed. In October of 2012, the rate stood at 5.3%, according to the Brazilian Institute of Geography and Statistics (IBGE). Brazil experienced record low unemployment of 4.6% last December.