Economy

• Monday, July 23rd 2012 - 04:15 UTC

  After 18 years of negotiations Russia is member of World Trade Organization

  

  President Vladimir Putin signed the bill ratifying Russia’s entry to the World Trade Organisation after 18 years of often acrimonious negotiations, the Kremlin press office said.

• Monday, July 23rd 2012 - 04:06 UTC

  EU parliament president warns economic crisis could spark “social explosion”

  

  European Parliament president Martin Schulz warned this weekend that Spain's economic crisis could spark a “social explosion” across the continent.

• Saturday, July 21st 2012 - 07:45 UTC

  Good signals from the Brazilian economy: inflation picks up in mid July

  

  Consumer prices in Brazil rose faster than expected in the month to mid-July on higher food costs, suggesting the central bank may have less room than previously believed to cut interest rates much further.

• Saturday, July 21st 2012 - 07:38 UTC

  Brazilian government cuts 2012 growth forecast from 4.5% to 3%

  

  The Brazilian government said Friday it was cutting its economic growth forecast for this year from 4.5% to 3% due to the impact of the global slowdown. However the figure is still higher than the 2.5% predicted by the Central Bank.

• Saturday, July 21st 2012 - 07:32 UTC

  Bad news for Argentina: economy contracts and industrial production slumps

  

  Argentina's economy contracted in May and industrial production slumped further in June, according to government data released on Friday. Economic activity fell 0.5% in May year-on-year, slowing from April's 0.6% growth rate and marking the first contraction in 34 months.

• Saturday, July 21st 2012 - 06:44 UTC

  Argentine collar clamp has sentenced businessman ‘trapped’ in Uruguay

  

  An Argentine businessman who was sentenced in Uruguay to home arrest following a car accident in which one person died remains at the location of the crime because his family in Argentina have been unable to purchase the 5.000 US dollars bail needed for his release.

• Saturday, July 21st 2012 - 06:16 UTC

  Chinese electric-battery buses for Uruguay; the first arrive at end of 2012

  

  China’ BYD has inked another strategic deal for its electric bus products, this time in Uruguay with one of the country’s leading tourism companies. The agreement was witnessed by Uruguay’s president Jose Mujica.

• Saturday, July 21st 2012 - 06:08 UTC

  Angola approves wide-ranging cooperation agreement with Brazil

  

  Angola’s National Assembly approved this week the Joint Declaration on the Establishment of Strategic Partnership with Brazil, as well as the draft resolution on Cooperation between the two countries in defence domain.

• Saturday, July 21st 2012 - 00:16 UTC

  Senior economist “ashamed” of having worked for IMF; blasts power-play

  

  A senior economist at the International Monetary Fund spearheading the bailouts of three Euro zone countries has lambasted its lack of leadership and said its first female chief is not fit for the job.

• Friday, July 20th 2012 - 08:27 UTC

  Argentines inflation expectations for the next 12 months in July climbed to 35.7%

  

  Argentines inflation expectation for the next twelve months climbed in July to 35.7% from 34.9% in June according to the latest report form the Di Tella University Finance research centre (UTDT).