Economy

• Monday, January 28th 2013 - 06:27 UTC

  Cristina Fernandez delaying Mercosur/EU discussions for a free trade agreement

  

  Argentine president Cristina Fernandez downplayed immediate discussions for the trade and cooperation agreement between EU and Mercosur arguing that the South American block should elaborate and discuss new proposals to be presented to the Europe Union on the last quarter of this year.

• Monday, January 28th 2013 - 06:08 UTC

  Cuba takes CELAC chair on Monday; expectations regarding Havana’s proposals

  

  The first summit of the Community of Latinamerican and Caribbean States, CELAC, the brain child of president Hugo Chavez, paid tribute to the Venezuelan leader who is recovering from cancer surgery in Havana, Cuba, the country that on Monday will be receiving the group’s chair from Chile.

• Monday, January 28th 2013 - 06:02 UTC

  Hedge funds insist in New York court Argentina must pay defaulted bonds

  

  Hedge fund investors who refused to join two sovereign debt restructurings by Argentina urged a US court in New York to force the country to pay them.

• Monday, January 28th 2013 - 04:53 UTC

  The Times poll shows slim majority support UK exit from the European Union

  

  Britain’s future in the European Union would rest on a knife-edge if a referendum was held immediately, according to a research poll carried out for The Times: 40% of voters back an UK exit while 37% want to keep ties with Brussels and 23% do not know.

• Sunday, January 27th 2013 - 02:03 UTC

  With Argentine navy’ honour lying on her side, Minister Puricelli could be next official removed

  

  The Argentine government has removed two top naval officers from their duties following the sinking, this week at her moorings pier-side of the destroyer “Santisima Trinidad” once the flagship of the service and which was actively involved in the invasion of the Falklands in 1982.

• Saturday, January 26th 2013 - 21:31 UTC

  IMF: Latam growth estimates contained because of Brazil’s poor performance

  

  The IMF downgraded growth estimates for Latinamerica in 2013 from 3.9% to 3.6%, mainly because of an anticipated poor showing of the region’s largest economy Brazil, according to the Fund’s latest report on the world economy prospects.

• Saturday, January 26th 2013 - 21:23 UTC

  Lagarde surprised at the ‘very slow’ recovery of the Brazilian economy

  

  IMF Managing Director Christine Lagarde said she is unsure about Brazil’s economic outlook despite the country’s official estimate of 3.5% growth this year, since recovery is “very slow” as the 1% of 2012 showed.

• Saturday, January 26th 2013 - 20:59 UTC

  Major summit in Santiago with inverted roles: EU knocks on the door of Latam

  

  Representatives from sixty countries begin Saturday in Santiago de Chile the two day summit which breaks with recent tradition: Latin American countries, full of economic confidence, are hosting their European partners and are expected to volunteer to help with Europe’s economic problems.

• Saturday, January 26th 2013 - 19:01 UTC

  EU27/CELAC trade experienced sharp decline in 2009 with strong recovery since

  

  The European Union27 international trade in goods with the Community of Latin American and Caribbean States, (CELAC), has been characterised in recent years by steady growth between 2003 and 2008, a sharp decline in 2009 and a strong recovery since then.

• Saturday, January 26th 2013 - 04:26 UTC

  Spain’s jobless soars to 26%; 1.8 million households with no member employed

  

  Spain’s unemployment rate shot up to a record 26% in the fourth quarter of 2012, leaving almost six million people out of work, the National Statistics Institute said on Friday. The rate rose from 25% in the third quarter as the country’s recession deepened.