Economy

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.
Wednesday, June 12th 2013 - 07:17 UTC
Japan’s slowing of bold stimulus plan disappoints investors; markets down

World share indexes have fallen after the Bank of Japan (BoJ) on Tuesday held off taking new measures to calm markets. BoJ governor Haruhiko Kuroda said the central bank would consider fresh steps if borrowing costs spike in the future, but opted against further action now.
Wednesday, June 12th 2013 - 07:14 UTC
Car sales in Brazil full speed ahead; 1.4 million units sold in five months

Car sales in Brazil are setting new levels almost every month and May has been no exception, with 300,940 units sold beating the previous May record of 300,514 cars (registered in 2011).
Tuesday, June 11th 2013 - 21:57 UTC
Israel and Colombia sign far reaching free trade agreement

Israel and Colombia this week signed in Jerusalem a free trade treaty to increase trade and promote investments in the fields of technology. The treaty which was reached after fifteen years of intense negotiations now needs legislative approval which should be accomplished by early 2014 according to Israeli political sources.