Economy

• 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).

• Friday, July 20th 2012 - 08:21 UTC

  Argentina blasts WTO for its biased and tendentious reports on world trade

  

  The Argentine government, together with Brazil, India and South Africa questioned the inclination, almost bias, of some trade measures elaborated by the World Trade Organization Director General.

• Friday, July 20th 2012 - 08:07 UTC

  Argentina announces development of huge potassium deposits with Brazil

  

  President Cristina Fernández announced on Thursday the development of a mining project between Neuquén, Mendoza and Río Negro provinces which will led by Brazilian company Vale, and is expected to become the largest potassium mining site in the world.

• Friday, July 20th 2012 - 07:59 UTC

  US solar companies can compete with China with a bit of innovation

  

  The US solar industry is undergoing some serious growing pains, with bankruptcies and mergers a necessary part of that process; meanwhile, competition from Chinese solar panels has many believing that American solar simply cannot compete. Not so.

• Friday, July 20th 2012 - 07:53 UTC

  Repsol sells 540 million dollars in assets in Chile as part of divestment program

  

  Spain’s Repsol said on Thursday it has reached an agreement with a consortium of Chilean investors, led by LarrainVial, for the sale of 100% of its subsidiary Repsol Butano Chile for approximately 540 million dollars.

• Friday, July 20th 2012 - 07:43 UTC

  New Yahoo CEO compensation package could reach 70 million in five years

  

  New Yahoo Chief Executive Marissa Mayer's compensation package could total more than 70 million dollars in salary, bonuses, restricted stock and stock options over five years, according to a regulatory filing made by the company Thursday.

• Friday, July 20th 2012 - 00:00 UTC

  Brazil’s development bank speeding disbursements for infrastructure projects

  

  Lending by Brazil’s state development bank BNDES unexpectedly rose in the first five months of the year, led by disbursements to infrastructure projects, in an encouraging sign of investment recovery in Latin America's largest economy.

• Thursday, July 19th 2012 - 23:35 UTC

  Further ‘parsimonious’ monetary-easing anticipated from Brazilian central bank

  

  Brazil’s central bank reiterated that inflation will continue to slow toward its target, signalling it will further reduce interest rates that have already been cut to a record.

• Thursday, July 19th 2012 - 22:36 UTC

  Cristina Fernandez unleashes tax agency against opponents, claims The Economist

  

  Under the heading of “Knock, knock, the government unleashes the tax agency against its opponents” The Economist latest edition claims that President Cristina Fernandez is using the tax revenue office to hound its political enemies.