Economy

• Friday, February 22nd 2013 - 16:03 UTC

  Controversy over Spain’s recovery ‘round the corner’ and ‘the next Germany’ forecast

  

  US multinational financial service corporation Morgan Stanley has declared that Spain has already got over the worst of the economic crisis and augurs that it “will become the next Germany” in the European Union. This however is challenged by the Financial Times, Goldman Sachs, Citibank and the IMF.

• Friday, February 22nd 2013 - 04:16 UTC

  Colombia signs free trade agreement with South Korea eliminating 96% of tariffs

  

  Colombia on Thursday signed a Free Trade Agreement (FTA) with South Korea in Seoul. The FTA includes a wide range of elements to boost bilateral trade and investment, according to the trade ministry.

• Friday, February 22nd 2013 - 01:51 UTC

  Brazilian economy expanded 1.35% in 2012 and 4% is projected for this year

  

  Brazil's economy grew 1.35% in 2012, above the market forecast of 1 percent, according to the Central Bank estimate. The official and final figure will be released by the Brazilian Institute of Geography and Statistics (IBGE) on March 1.

• Friday, February 22nd 2013 - 01:22 UTC

  Brazil/Russia agree to increase trade and cooperation in agriculture and defense

  

  Brazil and Russia signed several agreements in different fields geared to increase trade and to advance in defense, energy and agriculture cooperation, including the purchase of Russian anti aircraft missile batteries on condition that Moscow agrees to transfer technology.

• Friday, February 22nd 2013 - 01:17 UTC

  Foreign companies don’t have to fear nationalization, if they invest, says Morales

  

  President Evo Morales said on Thursday that Repsol and the other multinational companies operating in Bolivia should not fear nationalization since his government only appeals to that extreme when corporations think in ‘looting’ instead of investing.

• Thursday, February 21st 2013 - 05:27 UTC

  Mercosur begins technical meetings for new proposals on trade accord with EU

  

  Mercosur will retake next March technical discussions for a new proposal to be presented to the European Union for a trade and cooperation agreement, announced Argentine Foreign minister Hector Timerman next to his peer Antonio Patriota following bilateral talks on Wednesday in Rio do Janeiro.

• Thursday, February 21st 2013 - 04:45 UTC

  Brazilian soybean farmers oppose contract with Monsanto to end royalties’ dispute

  

  Brazilian farmer groups are opposing a contract that Monsanto the world’s biggest seed company is offering farmers to end a dispute over royalty payments on its genetically modified soybean seeds. Monsanto is trying to resolve uncertainty over its ability to collect fees on its new Intacta soybeans, which it is scheduled to start selling in Brazil during the next growing season.

• Thursday, February 21st 2013 - 04:39 UTC

  Latinamerica’s achievements and challenges exposed in London before LSE

  

  The achievements of democracy in Latin America, while simultaneously warning of the challenges that remain and that must be addressed in order to avoid stagnation in the current political process the region has been following in recent years, was highlighted by OAS chief in an address to the London School of Economics, LSE.

• Thursday, February 21st 2013 - 01:47 UTC

  Nationalized airport operators demand 90 million dollars from Bolivia

  

  The Spanish infrastructure company Abertis said it was seeking 90 million dollars from Bolivia in compensation for the nationalization of its subsidiary Servicios de Aeropuertos Bolivianos (Sabsa). Abertis was also considering other possible legal claims, its chief executive Francisco Reynes said.

• Thursday, February 21st 2013 - 01:44 UTC

  Rousseff says end of poverty is close; 48 million Brazilians registered in social support programs

  

  Brazilian President Dilma Rousseff raised the monthly stipend of 2.5 million people living below the poverty line to make good on her promise to eradicate extreme poverty in Brazil. Even when announcing she has almost met her anti-poverty target halfway through her four-year term, Brazil’s last census points to 700,000 families who still live in extreme poverty but are not registered on government social programs.