Economy

• Tuesday, December 3rd 2013 - 08:47 UTC

  Internet retailers must pay sales tax in the state, rules New York Supreme court

  

  New York state supreme court has rejected an appeal to re-evaluate a state law that requires internet retailers like Amazon and Overstock.com to pay sales tax in the state. The law forces internet retailers to collect taxes on purchases in New York

• Monday, December 2nd 2013 - 19:49 UTC

  Inflation and competitiveness, Uruguay's main challenges for next year and a slower growing economy

  

  Inflation and competitiveness are the two main macroeconomic challenges faced by Uruguay and does not anticipate an easy 'soft landing', at 3% growth rates in coming years, according to Deloitte during a conference on “Prospects for 2014 and economic challenges for the next government”.

• Monday, December 2nd 2013 - 18:38 UTC

  Uruguay after another soy-crop record since area planted increased 100.000 hectares

  

  Uruguay's soy beans coming crop will have increased 100.000 hectares, reaching between 1.3 and 1.35 million hectares, a new record according to the latest report from the National Seeds Institute, Inase. This compares with the 1.2 to 1.25 million hectares of the last crop.

• Monday, December 2nd 2013 - 16:29 UTC

  Argentina concerned with 'US and UK national debt and monetary basis'

  

  Argentina's cabinet chief on Monday hit back at the United States reacting to comments from the White House on the Argentine central bank reserves saying he was worried about the US and UK debt levels, “the US debt reaches over 100% of GDP”.

• Monday, December 2nd 2013 - 15:26 UTC

  Uruguay fishing industry in deep trouble: high costs, poor catches, labor conflicts

  

  High costs, poor catches and labor conflicts are threatening the competitiveness of Uruguay's fishing sector which has seen exports drop considerably plus fears of a possible closure of Nigeria which in the last 18 months has become the main market.

• Monday, December 2nd 2013 - 15:22 UTC

  Argentine official devaluation of the Peso could reach 50% in the next six months

  

  The Argentine Peso at the official exchange rate could reach a depreciation of almost 50% by the end of the year at the current rate of erosion, which is also expected to have a downward impact on the parallel market or 'blue dollar, according to local experts.

• Monday, December 2nd 2013 - 13:32 UTC

  Chile among leading exporters of 23 non-copper related products

  

  Chile leads the world in copper production but the country must do more to diversify its export-driven economy, according to experts. Precisely to diversify several government and industry bodies have spent years promoting Chile’s major non-mining related export items, which consist largely of produce, wood products and aquaculture.

• Monday, December 2nd 2013 - 13:21 UTC

  Uruguay admits regional conditions are influencing the number of arrived tourists

  

  Uruguay estimates that the number of arriving tourists to the country by the end of the year will reach 2.830.000, which is 40.000 less than in 2012, but still encouraging given the regional conditions, according to Tourism minister Liliam Kechichian.

• Friday, November 29th 2013 - 23:38 UTC

  Mining giant Vale settles tax dispute: agrees to pay Brazil's treasury 9.6bn dollars

  

  Mining giant Vale has agreed to pay the Brazilian treasury 9.6 billion dollars to settle a decade-long dispute over back taxes, after the country’s tax authority offered to reduce the corporation's original 14.1bn debt.

• Friday, November 29th 2013 - 22:06 UTC

  Falklands involved oil company expects to raise £100 million in bond offer

  

  Premier Oil expects to raise at least £100 million in a bond offer scheduled to close on 6 December. The FTSE 250 oil and gas company, with interests in the Falkland Islands, the North Sea, and South-East Asia, said its 5% sterling bonds auction has already built a book value of at least £100 million.