Economy

Wednesday, August 29th 2012 - 02:29 UTC
Obama warns of flooding and evacuations as hurricane Isaac advances on the Gulf Coast

”President Barack Obama warned residents of the Gulf Coast Tuesday that there could be significant flooding from Tropical Storm Isaac and encouraged people to evacuate if instructed by authorities to do so.
Wednesday, August 29th 2012 - 02:22 UTC
Spain to the mercy of markets and with little signs of recovery

Spain’s recession worsened in the second quarter as the government’s austerity push to reduce the Euro area’s third-biggest budget deficit and a slump in consumer spending offset growth in exports.
Tuesday, August 28th 2012 - 06:46 UTC
Europe waiting for Mercosur to overcome ‘Paraguay situation’ and resume trade talks

The European Commission remains “on hold” waiting for the evolution of events in Mercosur with the incorporation of Venezuela as full member and the suspension of Paraguay, before addressing a new round of association and trade negotiations.
Tuesday, August 28th 2012 - 04:29 UTC
Buenos Aires Aires real estate market faces the challenge of slowdown and ‘pesification’

The Argentine real estate market has witnessed stunning growth over the last decade but growth of the sector appears to have come to an abrupt and dramatic end in the seven months of this year.
Tuesday, August 28th 2012 - 04:21 UTC
FIFA new ethics committee will examine 2018 and 2022 World Cup awards

The lead prosecutor of FIFA new ethics committee confirms he will examine the controversial awarding of the 2018 and 2022 World Cups to Russia and Qatar as well as the ISL scandal and corruption allegations involving Sepp Blatter.
Tuesday, August 28th 2012 - 04:03 UTC
Brazil beef exports reached 5.37bn dollars in 2011, but volume was down 10.8%

Last year was very positive for Brazil beef exports having jumped from 4.8 billion dollars in 2010 to 5.37 billion in 2011, which represents an 11.65% increase according to Abicec, the Brazilian Association of Meat exporting industries.
Tuesday, August 28th 2012 - 03:32 UTC
Mexico launches dispute at WTO against Argentina’ import licensing rules

Following similar complaints against Argentina by the European Union, United States and Japan, Mexico has launched its first dispute against Argentina at the World Trade Organization, the WTO announced on Monday.
Monday, August 27th 2012 - 06:24 UTC
The Argentine tax man reviewing football players transfers and contracts

The head of Argentina’s tax office, AFIP Ricardo Echegaray announced in a press conference the agency had blocked the identification of 146 taxpayers connected to the football business. “We have to ensure football’s coherency and transparency” he remarked.
Monday, August 27th 2012 - 06:13 UTC
Apple sweeping legal victory over Samsung; over a billion dollars in damages

Apple Inc. scored a sweeping legal victory over Samsung as a US jury found the Korean company had copied critical features of the hugely popular iPhone and iPad and awarded the US company 1.051 billion dollars in damages.
Monday, August 27th 2012 - 04:21 UTC
Venezuela’s biggest refinery fire and explosion kills 41, hundreds injured

Venezuela's biggest refinery is on track to restart within two days, the Energy minister said on Sunday, a day after an explosion and fire there killed 41people in one of the global oil industry's deadliest accidents.