Economy

Friday, June 29th 2012 - 05:21 UTC
Argentina insists with 5.1% growth forecast for 2012 despite signs to the contrary

Argentina's government is sticking to its 5.1% growth forecast for 2012 enshrined in the budget, Economy Minister Hernan Lorenzino said on Thursday, despite recent data that shows a sharp deceleration.
Friday, June 29th 2012 - 05:16 UTC
Rousseff unveils 55bn dollars in loans at lower rates for the 2012/13 farm season

Brazilian president Dilma Rousseff has unveiled a 115-billion-Reais (55 billion dollars) loan program aimed at reinforcing agriculture's role as a lever of Brazilian economic growth.
Friday, June 29th 2012 - 03:00 UTC
Uruguay’s project for a deepwater port on the Atlantic takes off

Uruguay’s government is going forward with plans to build its first deepwater port along the Atlantic coastline in a place called “La Angostura”, an investment estimated in over 700 million dollars and which it wants to use as a platform to begin exporting iron-ore to China.
Friday, June 29th 2012 - 01:29 UTC
China/Chile upgrade link to strategic partnership and expand bilateral free trade accord

China and Chile upgraded their bilateral ties to a strategic partnership and expect to double trade in three years once the bilateral free trade area agreement is completed with investment related supplementary accords.
Friday, June 29th 2012 - 01:24 UTC
China offers 15 billion dollars for infrastructure and better trade terms with Latin America

China has offered to set up a 10 billion dollars credit line for Latin American countries to support infrastructure projects in the region. The proposal was made by China's Premier Wen Jiabao as he wrapped up his visit to the region with a conference at the UN Economic Commission for Latin America and Caribbean, ECLAC, main offices in Santiago de Chile.
Friday, June 29th 2012 - 01:22 UTC
Barrick Gold looses in Toronto court major Chilean mining rights to main competitor

Barrick Gold Corporation the world’s largest producer of the metal can’t block Goldcorp Inc.’s 2010 acquisition of a majority stake in the El Morro copper and gold project in Chile.
Thursday, June 28th 2012 - 21:46 UTC
Mantega insists Brazil economy picks up in second half and reaches 2.5% annual growth

Brazil's government has taken measures so that economic growth reaches at least 2.5% in 2012, said Finance Minister Guido Mantega following the announcement of new economic stimulus measures that are expected to accelerate the economy in the second half of the year.
Thursday, June 28th 2012 - 21:39 UTC
Moody’s downgrades 11 Brazilian banks ratings which could be exposed to a debt crisis

US rating agency Moody's had downgraded the ratings of 11 Brazilian banks by one to three notches, almost all of them to the level of Brazil's sovereign credit rating.
Thursday, June 28th 2012 - 20:13 UTC
Grilled calamari the sensation of UK summer boosted by the Dukan diet

As Brits become more adventurous in the kitchen, sales of squid have soared. Calamari is set to be a summer sensation, due in part to the popularity of the Dukan diet.
Thursday, June 28th 2012 - 08:09 UTC
Moyano accuses Cristina Fernandez of arrogance, extortion and keeping workers’ monies

Argentina’s chief of the powerful CGT Labour Confederation Hugo Moyano blasted President Cristina Fernandez and her government during a massive rally Wednesday in the heart of Buenos Aires at the highly symbolic Plaza de Mayo.