Economy

• Monday, November 26th 2012 - 22:11 UTC

  “Milk bath” for European Parliament as farmers protest low prices

  

  Dairy farmers sprayed thousands of litres of fresh milk at the European Parliament in Brussels on Monday in protest at what they say are excessive milk quotas and prices below the cost of production.

• Monday, November 26th 2012 - 21:41 UTC

  UK appeals to EU, WTO and IMO over latest Argentine ‘intimidation’ round on the Falklands

  

  The UK is pursuing actions through the European Union, the World Trade Organization and the International Maritime Organization following the latest intimidation incidents from Argentina against the Falkland Islands and which also involve interfering with the free passage of shipping and free trade.

• Monday, November 26th 2012 - 19:35 UTC

  The Chicago Tribune on the bonds dispute: ‘Cry for yourself, Argentina’

  

  The Chicago Tribune, one of the leading Midwest US newspapers has been following closely the dispute in New York courts between the Argentine government and investment funds that are demanding full payment of sovereign bonds.

• Monday, November 26th 2012 - 19:04 UTC

  Canadian considered G7 best central banker to lead Bank of England for next five years

  

  Mark Carney has been named as the new Bank of England governor, who will replace outgoing head Sir Mervyn King. The role of the governor is the most important unelected position in Britain, and is chosen by the British Government.

• Monday, November 26th 2012 - 18:29 UTC

  Ambassador Argüello says Argentina will not pay the price of the ‘North’s financial irrationality’

  

  Argentina’s Ambassador to the United States, Jorge Argüello, assured on Monday that “Argentina will not pay the price for the financial irrationality of the North“, and under no circumstances ”will tolerate the vulture funds’ blackmailing.”

• Monday, November 26th 2012 - 07:16 UTC

  Chinese shoemaker wins lawsuit and compensation against the EU anti-dumping duties

  

  Following a six-year battle Chinese shoemaker giant Aokang Group Co Ltd won a lawsuit against the European Union's anti-dumping duties. The shoemaking has encouraged other Chinese manufacturers to challenge similar “unfair policies”.

• Monday, November 26th 2012 - 04:46 UTC

  Argentina heading for its first negative balance in tourism in ten years

  

  For the first time since 2002 Argentina is forecasted to end the tourism year with a negative balance totalling 2.3 billion dollars compared to a positive one of 304 million dollars in 2011, according to consultants Ecolatina.

• Friday, November 23rd 2012 - 23:41 UTC

  ‘Business climate’ up in Latam; lack of competitiveness and skilled labour remain challenges

  

  Brazil, Bolivia and Chile had the best ‘business climate’ in Latin America during October according to the Economic Climate Index, ICE from the Brazilian think-tank Getulio Vargas Foundation, FGV.

• Friday, November 23rd 2012 - 23:20 UTC

  Mujica calls for prudence with salaries: “look at what is happening on the other side (Argentina)”

  

  Uruguayan president Jose Mujica appealed to workers and entrepreneurs to avoid an escalation of salaries and prices which leads “to all sort of fiddling” as is happening in Argentina.

• Friday, November 23rd 2012 - 21:15 UTC

  Brazil steering its currency to competitive ground for manufacturing

  

  Brazil's exchange rate is at a reasonable level though not totally satisfactory said Finance Minister Guido Mantega on Friday, in an indication that the government is prepared to further weaken the Real to boost a still weak economy.