Economy

Tuesday, November 13th 2012 - 23:04 UTC
Brazil orange shipments to EU suspended after samples of black spot fungus found

Orange shipments from Brazil to the European Union were suspended after EU officials found samples with black spot fungus, a Brazilian government official said.
Tuesday, November 13th 2012 - 23:00 UTC
US public opinion pessimistic about a political agreement on the ‘fiscal cliff’

A majority of Americans expect the US to go over the fiscal cliff at the beginning of 2013 and would blame Republicans if that happened, according to a poll published Tuesday. On Friday Democrat and Republican congressional leaders are scheduled to begin discussions.
Tuesday, November 13th 2012 - 22:53 UTC
Argentines and Brazilians pay the most tax in Latam, says OECD

Argentines and Brazilians pay the most tax in Latin America while Venezuelans pay the least, according to a report from the Organisation for Economic Co-operation and Development (OECD), released on Tuesday.
Tuesday, November 13th 2012 - 20:51 UTC
Latam rapidly turning into middle class continent, says World Bank

A World Bank report released Tuesday found that Latin America and the Caribbean registered a 50% jump in the number of people joining the middle class during the last decade, which was called by economists an historic achievement for a region long exposed to wealth inequality.
Tuesday, November 13th 2012 - 03:58 UTC
Spanish banks suspend evictions for next two years for the most vulnerable

Spanish banks are suspending evictions for the next two years for the most vulnerable people. An estimated 350,000 families have been evicted from their homes since Spain's property market crashed in 2008.
Tuesday, November 13th 2012 - 00:56 UTC
US to overtake Saudis and Russia as world’s top oil producers by 2’17, says IEA

The United States is forecasted to overtake Saudi Arabia and Russia as the world's top oil producer by 2017, the West's energy agency said on Monday. The International Energy Agency (IEA) said it saw a continued fall in US oil imports with North America becoming a net oil exporter by around 2030 and the United States becoming almost self-sufficient in energy by 2035.
Monday, November 12th 2012 - 05:46 UTC
Multi-billion mining project in the Andes further delayed environment regulations

Barrick Gold Corp, the world’s biggest gold producer, said on Saturday it had halted earth-moving works at its Pascua Lama mine on the Argentina-Chile border following concerns about the health of workers at the site high in the Andes.
Monday, November 12th 2012 - 05:29 UTC
China’s and the world largest bank takes control of Argentine institution

Argentina has given approval for the Industrial and Commercial Bank of China to take control of the local operations of South Africa's Standard Bank following a 600 million dollars deal last year, the Chinese lender said on Sunday.
Saturday, November 10th 2012 - 05:32 UTC
Judge Griesa warns Argentina on defying paying holdout bondholders

US District Judge Thomas Griesa told Argentina it should not even consider evading a recent ruling requiring it to pay bondholders who did not participate in two major debt restructurings after the country's 2002 default.
Saturday, November 10th 2012 - 05:08 UTC
Next week takes off the ‘fiscal cliff’’ battle with meeting in White House of party leaders

Newly re-elected President Barack Obama said on Friday the wealthy must pay more taxes under any political deal to avert a looming budget crisis. He said Congress must act against the so-called fiscal cliff, a package of tax rises and spending cuts due early next year.