Economy

Thursday, June 13th 2013 - 23:49 UTC
Paraguay and Mexico advancing towards an economic complementation accord

Technical groups from Paraguay and Mexico advanced on Wednesday talks for the creation of an Economic complementation Accord in the framework of the Latam Integration Association, ALADI, which is considered the “step previous to a full free trade treaty”, reported from Asuncion Paraguay’s foreign ministry.
Thursday, June 13th 2013 - 22:22 UTC
Peruvian president Humala wants the US as observer of the Pacific Alliance

Peruvian president Ollanta Humala said he favoured the incorporation of the United States as observer to the Alliance of the Pacific, a free trade, pro-business and open market group made up of Chile, Colombia, Mexico and Peru.
Thursday, June 13th 2013 - 07:17 UTC
Wages in the UK have fallen dramatically since the recession, helping to keep jobs

Wages in the United Kingdom have fallen more in real terms during the current economic downturn than ever before, according to a report. One third of workers who stayed in the same job saw a wage cut or freeze between 2010 and 2011, said the Institute for Fiscal Studies (IFS).
Thursday, June 13th 2013 - 07:13 UTC
World soccer star Messi involved in alleged fiscal hat-tricks

World famous Barcelona and Argentine striker Lionel Messi has declared on his Facebook page that he is “surprised” by accusations in Spain of tax avoidance.
Thursday, June 13th 2013 - 06:41 UTC
World Bank cuts global growth outlook as Europe remains in deep recession

The World Bank cut its outlook for global growth, saying the economy should expand more slowly this year than last as it cited a deeper-than-expected recession in Europe and a recent slowdown in some emerging markets such as BRIC members.
Wednesday, June 12th 2013 - 07:48 UTC
Argentina promotes oil and gas opportunities at the British-Argentine Chamber of Commerce in London

The Seminar “Argentina Oil & Gas 2013” organized by the British Argentine Chamber of Commerce (BACC) with the support of the Law Society and UK Trade and Investment Department took place last Thursday June 6 and highlighted Argentina’s century long experience in the hydrocarbons industry.
Wednesday, June 12th 2013 - 07:41 UTC
Argentine’ farmers begin Saturday five-day trading-strike to protest lack of dialogue and taxes

Argentine farming sectors announced on Tuesday a one-week walkout following “serious problems” in the agricultural sector. First step is to suspend sales of all non perishable products from Saturday dawn to Wednesday midnight.
Wednesday, June 12th 2013 - 07:34 UTC
Uruguay central bank “less confident” in ability to bring down inflation to target

Uruguay’s changes in the monetary policy regime as announced last week are unlikely to address the country’s inflation problems points out Capital Economics in its latest report emphasizing that a tighter economy policy and reduction of wage indexation remain the main challenges to keep within the 5% target.
Wednesday, June 12th 2013 - 07:20 UTC
China set eyes on Latam agriculture to promote cooperation and food security

China is determined to strongly stimulate agriculture cooperation with Latin America to improve bilateral trade in the field, develop farming technology and improve productivity. This was the main conclusion of the recent China/Latinamerica Agriculture Cooperation Forum held in Beijing which convened over twenty Agriculture ministers from the region with host minister Han Changfu.
Wednesday, June 12th 2013 - 07:18 UTC
Germany’s highest court to decide on ECB bond-purchase program

Germany's highest tribunal, the Constitutional Court, began on Tuesday the first of two days of hearings on Tuesday on whether the European Central Bank's program to buy up sovereign debt of struggling Euro zone countries is compatible with Germany's Basic Law.