Economy

Friday, August 17th 2012 - 07:02 UTC
Falklands’ Desire updates oil potential of promising Elaine and Isobel prospects

The AIM traded company Desire Petroleum said on Thursday it will seek industry partners to participate in the further exploration of the North Falkland basin based on the quality of its maturing prospect inventory.
Friday, August 17th 2012 - 06:31 UTC
US company wants to make 3D bio-ink printed meat for human consumption

A US start-up company has a solution for people who want to eat meat, but don't want to harm animals either: 3D printed meat. The 3D printing technique is already being used to create things from bike parts to chocolate to dental crowns and bridges. And scientists are working towards using 3D printing to make organs for transplant.
Friday, August 17th 2012 - 00:11 UTC
Latam business climate index at 9 months low, approaching “risk of recession”

Latinamerica business climate dropped to its lowest level in nine months with “risk of recession” according to the index elaborated by the Economics Department from the prestigious Brazilian Getulio Vargas Foundation, FGV.
Thursday, August 16th 2012 - 20:07 UTC
Wheat futures up in the US and Europe on fears Russia might restrict exports

US and European wheat futures gained again on Thursday as importers took advantage of a price fall earlier in the week and as operators continued to anticipate Russia would drop out of export markets in the coming months due to drought-hit supply.
Thursday, August 16th 2012 - 05:02 UTC
China soon to become Venezuela’s main trade partner; oil sales soared 60% this year

Venezuelan oil sales to China have jumped by 60% since the start of the year, the country's oil minister said in an interview published on Sunday in the state-run Correo del Orinoco.
Thursday, August 16th 2012 - 04:40 UTC
Brazilian president riding high in approval ratings despite economic slowdown

President Dilma Rousseff continues to enjoy high approval ratings as Brazilians remain mostly unaffected by the country's recent economic slowdown, according to a poll released on Tuesday.
Thursday, August 16th 2012 - 02:26 UTC
Mujica working for more trade agreements and a Mercosur with ‘flexibility’

Uruguay needs “new markets and new partners” and must try to diversify trade with the largest possible number of agreements to make Mercosur more flexible and anticipate the current process in Argentina, said President Jose Mujica.
Thursday, August 16th 2012 - 01:44 UTC
US consumer prices in 12 months to July reach 1.4%, down from June’s 1.7%

US consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest since November 2010. In the 12 months to July the CPI rose 1.4%, slowing from June's 1.7% rise, the US Labour Department said on Wednesday.
Thursday, August 16th 2012 - 01:38 UTC
Brazil invites private sector to invest in new highways and railways plan

Brazil's government unveiled on Wednesday measures to lure up to 133 billion Reais (66 billion dollars) in private investment for new roads and railways needed to unclog the country's transportation bottlenecks.
Wednesday, August 15th 2012 - 23:50 UTC
Uruguay discourages short-term capital inflow to ensure macroeconomic stability

Uruguay's central bank unveiled measures on Wednesday aimed at cooling the local Peso's appreciation by discouraging foreign investment in the bank's short-term debt. To combat the Peso's rise, officials ordered that 40% of new foreign capital invested in central bank bills be frozen in an account at the central bank.