Economy

• Saturday, May 11th 2013 - 05:27 UTC

  Germany’s anti-Euro movement could become a party this weekend

  

  Germany's newly launched anti-Euro party will clear a key hurdle this weekend to taking part in September's national election but has yet to rally enough support to win seats in parliament.

• Saturday, May 11th 2013 - 05:24 UTC

  G7 divided on the austerity/expansion debate; US warns Japan on Yen policy

  

  The United States told Japan it would be watching for any sign it was manipulating its currency lower but Tokyo said it met no resistance to its policies at a meeting of Group of Seven finance ministers.

• Friday, May 10th 2013 - 07:40 UTC

  Paraguay requests Pacific Alliance observer status; moves ‘beyond Mercosur’

  

  Paraguay has made official its request to become an observer of the Pacific Alliance, (Colombia, Chile, Mexico and Peru), as part of its policy to strengthen relations with other countries that goes beyond Mercosur and has proven very successful for the exchange of experiences.

• Friday, May 10th 2013 - 07:13 UTC

  Moody’s says Uruguay banking system outlook is stable; strong economic growth and domestic demand

  

  The outlook the Uruguayan banking system is stable, based on expectations that continued economic growth and favourable labour market conditions will sustain loan growth and banks' profitability, says Moody's Investors Service in the report “Banking System Outlook: Uruguay.”

• Friday, May 10th 2013 - 06:51 UTC

  The Economist: Brazil isn’t growing, so why are Brazilians so happy?

  

  In the decade after Jim O’Neill of Goldman Sachs coined the acronym “BRICs” in 2001, grouping together four big countries with the potential for sustained growth, the “B”, Brazil, really put itself on the economic map.

• Friday, May 10th 2013 - 06:44 UTC

  Brazil reports great interest in the coming 11th bidding hydrocarbons round

  

  The director of Brazil's Agencia Nacional do Petroleo (ANP) reports significant interest from operators in Brazil's upcoming 11th bidding round as the country pursues its plans to double its oil and natural gas production. The bidding round is the first since December 2008 and the first under the nation's new hydrocarbon law.

• Friday, May 10th 2013 - 06:37 UTC

  Isle of Man and Argentina conclude tax information exchange agreement

  

  The Isle of Man concluded a Tax Information Exchange Agreement with Argentina on 14 December 2012 and on January this year the Embassy in London confirmed that Argentina had completed its ratification procedures in relation to the agreement.

• Friday, May 10th 2013 - 06:30 UTC

  Stubbornly high inflation in Uruguay for another two years forecasts Capital Economics

  

  Uruguay’s stubbornly high inflation is as much structural in nature as it is due cyclical factors and to bring it down requires changes in fiscal policy, tackling widespread salary indexation and policymakers need to enhance their credibility according to Capital Economics.

• Friday, May 10th 2013 - 06:26 UTC

  Chinese Vice-president in Argentina to strengthen long-term strategic partnership

  

  China is determined to advance in mutually beneficial cooperation with Argentina visiting Chinese Vice President Li Yuanchao said on his arrival on Thursday to Buenos Aires. He underlined that the new Chinese leadership will continue to perceive and develop bilateral relations from a long-term strategic perspective.

• Friday, May 10th 2013 - 06:10 UTC

  Repsol first quarter profits jumped 38% on the year mainly on higher production

  

  Spains’s Repsol SA said on Thursday its first-quarter profit jumped 38% on the year, mainly due to higher production and refining margins.