Economy

Monday, July 30th 2012 - 23:35 UTC
HSBC puts aside 2 billion dollars to cover possible money-laundering fines

HSBC has put aside 2 billion dollars to cover potential mis-selling claims and money-laundering fines as it announces a sharp rise in first-half profits.
Monday, July 30th 2012 - 23:28 UTC
As world food-prices soar World Bank says it is ready to help countries

The World Bank on Monday said it stood ready to help governments respond to a broad-based run-up in grain prices that has again put the world’s poorest people at risk and could have lingering detrimental impacts for years.
Monday, July 30th 2012 - 19:51 UTC
Argentina again manages to delay the dredging of a shared canal with Uruguay

Uruguayan president Jose Mujica said on Monday it “is not useful” for foreign ministries to publicly exchange letters following Argentina’s latest message accusing Uruguay of not collaborating in exposing claims of alleged bribes involving the works planned for the widening and deep-dredging of the River Plate access canal Martin Garcia.
Monday, July 30th 2012 - 07:15 UTC
PM Rajoy not handling the economic crisis, say 80% of Spaniards

Support for Spanish Prime Minister Mariano Rajoy fell sharply in July after his government announced a new round of deep spending cuts and tax hikes to fight the sovereign debt crisis, an opinion poll showed.
Monday, July 30th 2012 - 05:09 UTC
Argentine farmers’ leader calls for “the end to corruption and intolerance”

Argentine Rural Society (SRA) head Hugo Biolcati said that Argentine institutions are “deteriorating“ and that ”the Constitution” is no longer in use, as he inaugurated this weekend the 126th annual edition of the camp exhibition at the Palermo Rural pavilion in the City of Buenos Aires.
Monday, July 30th 2012 - 04:42 UTC
The significance of Venezuela for Brazil underlined by the country’s diplomats

Brazilian diplomats revealed during a television Globo News debate details of the controversial procedure applied by Mercosur countries to suspend Paraguay and agree the incorporation of Venezuela as full member.
Monday, July 30th 2012 - 04:31 UTC
Mercosur experts discuss technical aspects of Venezuela’ incorporation

Experts from Argentina, Brazil, Uruguay and Venezuela will begin to define on Monday in Brasilia the technical procedures and timetable for the incorporation of Venezuela to Mercosur which will become official on Tuesday at an extraordinary summit of the block.
Saturday, July 28th 2012 - 11:21 UTC
Argentine grains futures market in shock: government wants operations in Pesos

Argentina could require that grains futures be listed in the local Peso currency the head of the central bank said on Friday, a move that traders said would paralyze markets in the leading global food supplier.
Saturday, July 28th 2012 - 11:05 UTC
Pluna’s seven Bombardiers to be auctioned next 3 September says government

The Uruguayan government announced it will auction next 3 September the seven Bombardier aircraft from the collapsed flag air-carrier Pluna, which was definitively grounded last July 5, announced Public Works and Transport minister Enrique Pintado.
Saturday, July 28th 2012 - 11:01 UTC
US Justice and securities regulators probing credit-rating agency S&P

The US Department of Justice and securities regulators are probing potential violations by credit-rating agency Standard & Poor's in connection with its ratings of structured products, the company said this week.