Economy

Saturday, September 1st 2012 - 06:25 UTC
WTO says Argentina officially lodged a beef dispute against the US

Argentina on Thursday officially lodged a dispute against US restrictions on imports of Argentinean beef and other meat products, the World Trade Organization (WTO) said on Friday.
Saturday, September 1st 2012 - 06:20 UTC
Colombia GDP overtakes Argentina’s, “a dream come true” says Finance minister

Colombia’s outgoing Finance minister Juan Carlos Echeverry said on Friday that the country’s GDP overtook Argentina’s thus making Colombia’s economy the second largest of South America and third of Latinamerica, behind Brazil and Mexico.
Saturday, September 1st 2012 - 04:05 UTC
Brazilian economy commodities dependency en route to its worst year since 2009

The Brazilian economy expanded 0.4% in the second quarter of the year over the previous three months, and 0.5% over the same period a year ago, according to the latest release from the country’s official Brazilian Geography and Statistics Institute, IBGE.
Friday, August 31st 2012 - 05:08 UTC
Argentina surprised by Germany, which voted against granting a loan at the IDB

“We’re a free country with dignity and national pride; we are nobody’s employee or subordinate” challenged Argentine president Cristina Fernandez after it was revealed that the US, Spain and Germany at the Inter American Development bank (IDB) had voted against granting the country a loan.
Friday, August 31st 2012 - 05:03 UTC
Argentine credit card holders’ buying abroad charged 15% income tax advance

Argentine credit card purchases abroad will be charged with an additional 15% income tax advance, AFIP tax agency reported on Thursday. The extra amount will be deductible from the income tax and the personal assets tax.
Friday, August 31st 2012 - 04:52 UTC
Cristina wants an Audiovisual Pole modelled on Hollywood in Buenos Aires waterfront

Argentina’s leader unveiled an ambitious plan Wednesday to support the country’s television and film creators with a new industrial park along the Buenos Aires waterfront that she hopes will be modelled on Hollywood’s studios.
Friday, August 31st 2012 - 04:46 UTC
Global food prices index soars 10% in July: World Bank sound the alarm

Global food prices soared by 10% in July from a month ago, with maize and soybean reaching all-time peaks due to an unprecedented summer of droughts and high temperatures in both the United States and Eastern Europe, according to the World Bank Group’s latest Food Price Watch report.
Friday, August 31st 2012 - 04:42 UTC
Soy reaches record price at 650 dollars the ton, and could keep climbing

Soy beans in Chicago climbed to their highest having advanced 0.4% on Thursday to 650.47 dollars the ton, while corn up 0.2% to 319.47 dollars the ton came closer to its record value of last August, 327.25 dollars. Wheat meantime slid 0.2% to 324.64 dollars the ton.
Friday, August 31st 2012 - 01:40 UTC
S&P places Paraguay with “stable outlook” and anticipates strong growth in 2013

Standard & Poor’s credit risk rating agency improved the prospects of Paraguay, removing the country from credit-watch where it had been placed with negative implications last June 25 when the political situation that removed Fernando Lugo as president and subsequent suspension of Paraguay from Mercosur.
Friday, August 31st 2012 - 01:20 UTC
China pledges support for Euro-zone; orders 50 planes from Europe Airbus

China has signed a deal to buy 50 planes worth 3.5bn dollars from Europe's Airbus. The agreement is part of a slew of trade deals signed by German Chancellor Angela Merkel at the start of a two-day visit to China.