Economy

• Sunday, June 24th 2012 - 14:49 UTC

  Brazilian grain quality-control equipment manufacturer opens office in Winnipeg

  

  Motomco Group of Brazil, a manufacturer of grain quality-control products, is opening a Canadian operation called Canada Moisture Analyzers in Winnipeg this summer. The shop will handle sales and service for its products, which measure moisture content in grain in North America.

• Sunday, June 24th 2012 - 03:21 UTC

  Cristina Fernandez receives Wen Jiabao with a long list of requests

  

  Chinese Premier Wen Jiabao arrived in Argentina Saturday on an official visit aimed at boosting trade with one of South America's top agricultural producers.

• Sunday, June 24th 2012 - 02:54 UTC

  Argentine nervous savers withdrew 522 million dollars in the last week

  

  The outflow of foreign-currency deposits from Argentina's banking system showed no sign of slowing last week, as nervous savers withdrew 522 million dollars from bank accounts.

• Sunday, June 24th 2012 - 02:49 UTC

  Brazil raises fuel prices for the first time since 2008, effective next Monday

  

  Brazil's state managed oil company Petrobras said it will raise gasoline and diesel prices for the first time since 2008, a move aimed at ending refining losses and paying for the world's largest corporate spending plan.

• Sunday, June 24th 2012 - 02:46 UTC

  Brazil’s May current account deficit reached 3.4 billion dollars

  

  Brazil posted a current account deficit of 3.468 billion dollars in May, central bank data showed on Friday, in line with analysts' expectations and less than the previous month's gap. Brazil's current account deficit in April was 5.4 billion, the central bank said last month.

• Saturday, June 23rd 2012 - 07:53 UTC

  US demands Argentina “immediately” ends the import licensing regime

  

  The United States demanded on Friday that Argentina “immediately” end an import licensing regime and other curbs that have frustrated foreign suppliers while also expressing concerns about a “sweeping new import restriction” that Indonesia has imposed.

• Saturday, June 23rd 2012 - 07:50 UTC

  Moody’s downgrades ratings of 15 big banks; Citigroup strongly criticizes decision

  

  Ratings agency Moody's downgraded 15 of the world's biggest banks, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities, but banks criticized the move as backward looking.

• Saturday, June 23rd 2012 - 07:39 UTC

  EU leaders agree growth measures but remain divided on mutualized bonds issue

  

  The leaders of Germany, France, Italy and Spain agreed Friday on a 130 billion Euros package to try to revive economic growth in Europe but differed over whether and how to launch joint bonds to combat the Euro zone's debt crisis.

• Saturday, June 23rd 2012 - 03:35 UTC

  Uruguay hosts highest Chinese official to ever visit the country

  

  Chinese Premier Wen Jiabao arrived in Uruguay Friday, his first stop on a multi-nation visit to South America. Wen's arrival marks the first time a Chinese premier has visited Uruguay since diplomatic ties were established in 1988.

• Friday, June 22nd 2012 - 08:40 UTC

  Argentina experiences tighter trade surplus and slower industrial growth in May

  

  Argentina’s trade surplus was 1.5 billion dollars in May, compared to 1.71bn a year earlier according to the official stats office Indec, while industrial production in the same month continued to languish, according to the medium estimate of more than 50 banks, economic research firms and universities surveyed by the Central Bank.