Economy

Friday, September 28th 2012 - 02:47 UTC
UN economic office warns on South America’s export trade vulnerability

Foreign trade in Latin America and the Caribbean will suffer from the economic slowdown that started in the second half of 2011. The value of regional exports will increase by 4% in 2012, whereas imports will grow 3% - according to estimates presented in the new Economic Commission for Latin America study released on Thursday.
Friday, September 28th 2012 - 02:37 UTC
Chile becomes the leading exporter of cherry and dried plums to China

Chilean fruit exports to China have experienced a great increase in recent years having jumped 35% in 2011 (over 2010), with a value of 438 million dollars, according to statistics provided to the Chilean Ministry of Agriculture, which place Chile as one of the main fruit providers from the southern hemisphere.
Friday, September 28th 2012 - 01:31 UTC
Indonesia replacing counter-insurgency fighters with Brazilian Tucanos

Four Brazilian manufactured A-29 Super Tucano fighter planes arrived at East Jakarta’s Halim Perdanakusuma Base in the first wave of new “counter-insurgency” turboprop fighters purchased as part of the Indonesian Military’s (TNI) push to modernize its fleet.
Friday, September 28th 2012 - 00:44 UTC
Soybean area keeps expanding in Uruguay; rice planters turning to the oilseed

Uruguayan farmers are planning to sow 1.105.000 hectares of crops this coming 2012/13 summer season, which is similar to last year’s of which 890.000 hectares or 80% will be dedicated to soybeans.
Thursday, September 27th 2012 - 22:07 UTC
Moody’s rates outlook of 30 Argentine banks to negative

Rating agency Moody's changed to negative the rating outlook on 30 rated Argentine financial institutions on Thursday. Moody's cut the outlook to negative from stable, as a reflection of the outlook change on the country announced last week.Moody's rates Argentina at B3, six levels into junk territory.
Thursday, September 27th 2012 - 18:24 UTC
Falklands will have faster and cheaper broadband packages

The Falkland Islands Government (FIG) have announced a new price control mechanism to regulate the prices of regulated retail services provided by Cable & Wireless South Atlantic under their exclusive licence to the general public and businesses in the Falklands
Thursday, September 27th 2012 - 18:20 UTC
Venezuela to increase oil sales to India on a 15-year supply contract

Venezuela will hike the amount of oil it is sending to India's Reliance Industries and signed a new 15-year supply contract with the company, Oil Minister Rafael Ramirez announced this week.
Wednesday, September 26th 2012 - 01:38 UTC
Merkel says Germany is ‘not an island’; warns about Euro zone competitiveness

Chancellor Angela Merkel said on Tuesday that Europe could only hope to come out of its crisis stronger and compete in a globalized world if its members pressed ahead with painful reforms and moved to more responsible budget policies.
Wednesday, September 26th 2012 - 01:08 UTC
Protestors clash with riot police as Spain discusses 2013 budget and more austerity

Protesters clashed with police in Spain's capital as the government prepares a new round of unpopular austerity measures for the 2013 budget that will be announced on Thursday.
Wednesday, September 26th 2012 - 00:45 UTC
Argentina hits back at Lagarde: “this is not a football match and we are a sovereign nation”

Argentina's President Cristina Fernandez hit back at the IMF on Tuesday for warning her country about bad stats data, saying her nation is sovereign and would not be subjected to threats of any kind.