Economy

• Tuesday, November 20th 2012 - 00:02 UTC

  Argentina “will not enter in default” and will honour all re-scheduled bonds

  

  “The only possibility” Argentina contemplates regarding its debt is “to honour all payments” of creditors that entered debt swaps after the sovereign default of 2001, said Economy minister Hernan Lorenzino who underlined that Argentina “cannot and will not enter in default”.

• Monday, November 19th 2012 - 12:22 UTC

  Latin America pledges support for Spain but warns austerity only deepens the crisis

  

  Latin America pledged investment opportunities for recession-hit Spanish and Portuguese companies but warned its former colonial masters drastic cost cutting would only deepen their misery.

• Monday, November 19th 2012 - 11:50 UTC

  EU on collision course over long-term trillion Euro budget

  

  European Union looks set for a new round of clashes this week as an extraordinary summit called to agree a long-term trillion-Euro budget heads for an ugly showdown, possibly even failure.

• Monday, November 19th 2012 - 11:37 UTC

  Gasoline rationing extended in New York until next Friday

  

  Gasoline rationing in New York City which was scheduled to end on Monday has been extended through Friday, even as the gas station lines that prompted it have all but disappeared.

• Saturday, November 17th 2012 - 23:29 UTC

  Argentina in last minute effort argues possible ‘technical default’ before Judge Griesa

  

  Argentina asked a US judge late Friday night to maintain his order blocking payment on defaulted sovereign bonds to holdout investors until lingering questions are settled in a higher court's appeals process.

• Saturday, November 17th 2012 - 23:09 UTC

  IMF questions plan to restructure Greek debt: “pls reality, not wishful thinking”

  

  An agreement among Greece's international creditors on reducing its large debt pile should be “rooted in reality and not in wishful thinking,” the head of the International Monetary Fund said ahead of a tense meeting with European leaders.

• Saturday, November 17th 2012 - 06:30 UTC

  Spain and Portugal call for Latam business opportunities and investment

  

  Spain and Portugal sought help from their former Latin American colonies to rescue them from economic crisis through a new wave of trade and investment across the Atlantic Ocean.

• Saturday, November 17th 2012 - 06:12 UTC

  Planning for when the 2016 airport, St Helena after closer links with Faklands

  

  A top official from St Helena will be visiting the Falkland Islands next month to explore ways that the governments of the two British Overseas Territories can collaborate and looking ahead to when the mid Atlantic volcanic island will have an international airport.

• Saturday, November 17th 2012 - 06:04 UTC

  After dreadful year, great expectations in Argentina with 2012/13 soybean crop

  

  Argentine farmers will increase soy planting by almost 4% following a year of bad global crop weather. In the first soybean area estimate of the 2012/13 season, the Argentine Agriculture Ministry said 19.4 million hectares will be sown in the weeks ahead compared to 18.7 million hectares in 2011/12.

• Saturday, November 17th 2012 - 05:59 UTC

  ARA Libertad case to be discussed by Argentina and Ghana November 29/30

  

  Argentina announced on Friday that the International Tribunal for the Law of the Sea proposed November 29 and 30 as the days to hold the hearings between Argentina and Ghana over the seizure of the ARA Libertad Frigate at Ghana's Tema Port.