Economy

• Tuesday, October 23rd 2012 - 07:27 UTC

  Brazil will invest 2bn dollars in promoting fishing industry and doubling catches

  

  Brazilian president Dilma Rousseff announced on Monday an ambitious program to boost and make competitive the fishing industry doubling catches for which she promised the government would invest 4.1bn Reais (2bn dollars).

• Tuesday, October 23rd 2012 - 07:14 UTC

  Sao Paulo police arrest former head of bankrupt Brazilian bank

  

  Police in Sao Paulo said on Monday they had arrested the former head of bankrupt Brazilian lender Banco Cruzeiro do Sul on charges of money laundering and crimes against the country's financial system and capital markets.

• Tuesday, October 23rd 2012 - 07:07 UTC

  Argentine ‘soybean king’ forecasts a new but “green industrial revolution”

  

  The man known in Argentina as “soybean king” said the country was facing a “new industrial revolution”, but factories now won’t have chimneys because they will really be “green factories”.

• Tuesday, October 23rd 2012 - 07:01 UTC

  Argentine with ‘clear long term policies’ can easily become the ‘Saudi Arabia of food’

  

  Former Argentine central bank president, IMF economist and Bank of England consultant Mario Bléjer said that with clear long term policies Argentina could rapidly become the “Saudi Arabia of food” because food demand at world level will grow 20% in the next decade.

• Tuesday, October 23rd 2012 - 06:38 UTC

  ARA Libertad: Argentine president pledges to never yield to ‘vulture’ funds

  

  Argentine president Cristina Fernández in a national broadcast blasted ‘vulture funds’ retaining the impounded training frigate ARA Libertad in Ghana and pledged never to yield the dignity and sovereignty of the country to these funds.

• Tuesday, October 23rd 2012 - 03:20 UTC

  Latin American investment in China

  

  By R. Viswanathan (*) - During the sixth China - Latin America Business summit in Hangzhou in October 17-18, the Inter American Development Bank (BID) brought out a report on Latin American investment in China.

• Tuesday, October 23rd 2012 - 03:15 UTC

  “How to Look Expensive”, the international beauty bible that suits body and budget

  

  By Teresita D'Alessandro* - Reading “How to Look Expensive,” the new book written by Glamour Magazine’s Contributing Beauty Editor, Andrea Pomerantz Lustig, makes you feel like you found the pot of gold at the end of a fashionable rainbow!

• Tuesday, October 23rd 2012 - 01:37 UTC

  US oil company team visit Falklands to assess industry’s infrastructure support

  

  US based Noble Energy and farm-in partners with Falkland Islands Oil and Gas (FOGL) visited the Falklands to meet with their partners and the Falklands government and to assess in-situ the oil related infrastructure.

• Tuesday, October 23rd 2012 - 00:49 UTC

  Brazil central bank takes over mid-size bank; seventh bail-out since 2010

  

  Brazil’s central bank took control of Banco BVA SA (BVA), the seventh lender seized or bailed out by regulators since 2010, after finding violations of industry standards and deteriorating finances.

• Tuesday, October 23rd 2012 - 00:40 UTC

  German luxury car maker BMW joins Brazil automobile industry

  

  German carmaker BMW plans to build a factory in southern Brazil, a more than 200 million Euros investment expected to create 1,000 jobs. The luxury car giant hopes to start building the plant in April next year and producing cars in late 2014.