Economy

• Thursday, May 3rd 2012 - 07:04 UTC

  French poultry processor in Brazil in talks to sell local subsidiary

  

  Brazil’s meat giant JBS is the most likely buyer of a local subsidiary owned by a French poultry processor, according to news reports.

• Thursday, May 3rd 2012 - 06:57 UTC

  Remittances from Mexicans abroad climbed 5.3% in first quarter over a year ago

  

  Remittances from Mexicans living abroad climbed 5.3% in the first quarter compared with the same period in 2011, Mexico’s central bank said on Wednesday.

• Thursday, May 3rd 2012 - 03:06 UTC

  “The Scream” sets new record as most expensive work of art at 120 million dollars

  

  Norway’s Edvard Munch’s painting “The Scream,” one of the world's most recognizable works of art, sold for 120 million dollars at Sotheby’s on Wednesday, setting a new record as the most expensive piece of art ever sold at auction.

• Thursday, May 3rd 2012 - 03:00 UTC

  Brazil’s April trade surplus at its lowest in a decade, as imports soar to new record

  

  Brazil’s trade surplus narrowed to its smallest in a decade for the month of April as imports jumped to their highest level on record for that period. In April the trade surplus fell to 881 million dollars from a surplus of 2 billion in March and 1.86 billion a year earlier.

• Thursday, May 3rd 2012 - 02:25 UTC

  New worldwide Halal certification scheme for the food industry

  

  Cert ID Europe, the leading certification business has joined forces with the Hijaz Group to form the Halal Authority Board (HAB) www.haboard.com, which will offer a new worldwide benchmark for Halal certification for the food industry.

• Wednesday, May 2nd 2012 - 05:30 UTC

  World Bank support for Rio Grande do Sul Brazil’s fourth largest economy

  

  The World Bank approved a 480 million dollars loan to strengthen public investment in the Brazilian State of Rio Grande do Sul which will benefit around ten million people.

• Monday, April 30th 2012 - 07:12 UTC

  India to complain Argentine trade restrictions, but ‘bilaterally’

  

  India has decided to raise its concerns over Argentina's recent import restrictions bilaterally, instead of joining the US and European Union who have taken the country to the World Trade Organization, reports the Economic Times from India.

• Monday, April 30th 2012 - 04:08 UTC

  “Brazil ready to live a natural gas golden era” with self sufficiency in five years

  

  Brazil which currently imports 35% of the natural gas it consumes from Bolivia has found sufficient reserves to ensure self-sufficiency in the coming five years announced Mines and Energy minister Edison Lobao.

• Saturday, April 28th 2012 - 06:11 UTC

  Falklands’ budget enjoys additional surplus boosted by the oil industry

  

  The Falkland Islands oil industry has contributed with an unexpected addition of £9.2M to the Falkland Islands Government (FIG) budget in the first nine months of the financial year 2011/12, reported the Islands government Standing Finance Committee.

• Saturday, April 28th 2012 - 06:05 UTC

  Argentine imports’ policy again accused of protectionism at a WTO committee

  

  Argentina was accused once more of “protectionism” at the meeting of the Imports License Committee of the World Trade Organization (WTO) in what can lead to a trade dispute with forty countries.