Economy

Saturday, June 1st 2013 - 19:03 UTC
Biden meets Rousseff, underlines the importance of a broader relationship with Brazil

US Vice-President Joe Biden wound up a visit to Brazil on Friday saying it was high time the two largest economies in the Americas became closer partners in trade, investment and energy. He made the statement following a ‘wide-ranging discussion’ with President Dilma Rousseff at the Planalto palace in Brasilia.
Saturday, June 1st 2013 - 17:34 UTC
Argentina dollar markets waiting for implementation of the ‘whitewashing bill’

The US dollar in Argentina’s parallel or ‘blue market’ finished on Friday the month of May down 6.4% from the 9.40 Pesos at the end of April, including a slight drop in the last day of trading, that took it to 8.75 Pesos and 8.80 Pesos, buying and selling price.
Saturday, June 1st 2013 - 17:32 UTC
Buenos Aires city mayor challenges CFK by launching ‘a price index audited’ by the civil society.

Buenos Aires City Mayor Mauricio Macri launched on Friday a price index to be “permanently audited by the civil society” in Argentina’s capital, in a move that steps up the pressure on the inflation controversy surrounding President Cristina Fernandez administration.
Saturday, June 1st 2013 - 17:27 UTC
Argentina insists with self-sufficiency in oil production in four years

Argentine President Cristina Fernández administration agreed with oil-producing provinces and unions from the sector to strictly control the levels of exploration, production, the amount of equipment in use and the total number of jobs in each of the oil fields across the country, with the goal of reaching hydrocarbon self-sufficiency within four years.
Saturday, June 1st 2013 - 17:22 UTC
Chile’s measures to appease Mapuches are failing; more violence expected

Chile’s Araucania Prosecutor this week filed charged against Celestino Córdova Tránsito, an indigenous Mapuche who stands accused of arson leading to the death of an elderly couple of landowners last year. Francisco Ljubetic is also charging Córdova Tránsito with terrorist acts. Córdova Tránsito (26) is currently jailed pending trial.
Saturday, June 1st 2013 - 03:38 UTC
Cristina Fernandez with her mind set on October elections launches the 500 frozen-prices list

The Argentine government has made public the list of the 500 products with ‘frozen prices’, until next October when mid term elections are scheduled. Consumers can check the information online at the website of the state news agency Télam and with the sites of several of the main supermarkets of the country.
Saturday, June 1st 2013 - 03:23 UTC
Europe accepts austerity must be less austere amid concerns over stagnant growth

The European Commission has said it will allow some EU member states to slow their pace of austerity cuts, amid concerns over growth. France, Spain, Poland, Portugal, the Netherlands and Slovenia are all being given more time to complete their austerity plans.
Saturday, June 1st 2013 - 03:17 UTC
FAO says ‘environmentally friendly farming’ can help quadruple cassava yields

‘Save and Grow’, an environmentally-friendly farming model promoted by FAO can sustainably increase cassava yields by up to 400% and help turn this staple from a poor people's food into a 21st Century crop, the UN Food and Agriculture organization said.
Saturday, June 1st 2013 - 03:10 UTC
Germany fearing a ‘lost generation’, more conciliatory with youth unemployment

Chancellor Angela Merkel, stung by criticism she is cracking the whip of fiscal discipline in Europe, has shown a more caring approach by pledging to fight record youth unemployment on the crisis-hit continent.
Saturday, June 1st 2013 - 03:04 UTC
Europe unable to counter increasing youth unemployment

Unemployment among the under 25s rose in April to 23.5% within the EU and 24.4% across the Euro area. The rates released by EU statistics office Eurostat show an increase on the same month last year, when youth unemployment reached 22.6% across both zones.