Economy

• Wednesday, June 20th 2012 - 06:52 UTC

  Last minute deal on trade barriers reveals strong divide at the G20 summit

  

  World leaders extended by one year their vow not to put up new trade barriers at the G20 summit on Tuesday in a last-minute deal that exposed deep rifts over protectionism.

• Wednesday, June 20th 2012 - 06:37 UTC

  Uruguayan government takes over bankrupt airline from private investors

  

  The Uruguayan government has reassumed control of Pluna, the nation's flag carrier after the airline’s controlling shareholder Leadgate announced that it will withdrawal from the ownership structure of the company.

• Wednesday, June 20th 2012 - 06:30 UTC

  Countries boost IMF emergency funding to 456 billion dollars

  

  Nations from around the world firmed up their commitments to provide emergency resources for the International Monetary Fund (IMF) designed to deter the spread of crises and increase the institution’s lending capacity to help countries in financial trouble.

• Wednesday, June 20th 2012 - 06:24 UTC

  UK inflation drops to 2.8% in May pushed by lower fuel and food prices

  

  UK rate of inflation fell last month to a two-and-a-half year low owing to slowing fuel and food prices. The Consumer Prices Index (CPI) measure fell to 2.8% in May from 3% in April, the Office for National Statistics (ONS) said.

• Wednesday, June 20th 2012 - 00:35 UTC

  Uruguay meat exports so far this year total 195.459 tons and 766 million dollars

  

  Uruguay meat exports so far this year (June 9) represented 766 million dollars which is slightly higher that the same period last year when the sum was 722 million dollars; likewise tonnage was 195.459 compared to 184.749 tons in 2011.

• Tuesday, June 19th 2012 - 06:59 UTC

  Brazil/Argentina agree G20 common position, but will wait to listen to Germany

  

  Brazil and Argentina agreed on Monday “to oppose any financial adjustment plan” and sponsor development and growth policies to face the world crisis, in the framework of the two-day G20 summit taking place in Mexico.

• Tuesday, June 19th 2012 - 06:46 UTC

  Argentina with the largest number of protectionist measures worldwide

  

  Argentina has implemented the largest number of protectionist measures worldwide, according to a Latin Business Chronicle analysis of Global Trade Alert data from the UK-based Centre for Economic Policy Research.

• Tuesday, June 19th 2012 - 06:35 UTC

  Cameron promises red carpet for ‘over-taxed’ rich French citizens

  

  British Prime Minister David Cameron cheekily declared that Britain would open its door wide to France's rich if they flee abroad from steep tax hikes proposed by the new French government.

• Tuesday, June 19th 2012 - 06:31 UTC

  EU announces at G20 ‘Tobin tax’, opposed by US. UK and Sweden

  

  The European Union will “soon” move forward with a financial transaction tax (FTT), European Commission President Jose Manuel Barroso said Monday, as he also spoke in favour of Euro-bonds.

• Tuesday, June 19th 2012 - 06:23 UTC

  Uruguay economy expands 1.9% in the first quarter but uncertainties persist

  

  Uruguay’s economic growth quickened in the first quarter, spurred by increased transport and communications. GDP expanded 4.2% from a year earlier and grew 1.9% from the fourth quarter of 2011, the central bank said on its website.