Economy

• Thursday, April 26th 2012 - 05:59 UTC

  Brazil investing heavily in developing Peruvian natural gas sector

  

  Three of Brazil's leading companies said on Wednesday they are increasing investment and exploration in Peru's natural gas sector as the country prepares to build a new pipeline and petrochemical plants.

• Thursday, April 26th 2012 - 05:45 UTC

  Fed prepared to inject more funds to help lower unemployment

  

  Chairman Ben Bernanke on Wednesday said US monetary policy was “more or less in the right place” even though the central bank would not hesitate to launch another round of bond purchases if the economy were to weaken.

• Thursday, April 26th 2012 - 01:23 UTC

  YPF dispute has meant a “disruption of trust” between the EU and Mercosur

  

  European Commission Deputy Director General for Enterprise and Industry Daniel Calleja warned on Wednesday that Europe has lost its trust in Mercosur trade block after the government announced it would expropriate 51% of YPF shares, owned by Spanish oil company Repsol.

• Thursday, April 26th 2012 - 01:21 UTC

  Repsol’s numbers are ‘false’ and caused ‘great damage’ to the Argentine economy

  

  Three Argentine ministers denied as “false” that YPF, under control of Spain’s Repsol had invested more than 20 billion dollars in the company since 1999, arguing the fall in Argentine oil and gas production and reserves is clear evidence of that.

• Wednesday, April 25th 2012 - 21:35 UTC

  High cost and scarcity of electricity threatens Chile’s massive investments in copper industry

  

  The biggest-ever pipeline of copper projects is under threat as Chile, the world's top producer, struggles to contain rising opposition to new power plants.

• Wednesday, April 25th 2012 - 20:34 UTC

  Fed repeated promise to leave interest rates on hold until late 2014

  

  The US Federal Reserve on Wednesday repeated its promise to leave interest rates on hold until at least late 2014 but offered few clues into whether it might offer additional stimulus later this year.

• Wednesday, April 25th 2012 - 10:21 UTC

  Gasoline prices in the US will continue to increase in spite of electoral year

  

  The US government announced it was getting into the commodities game in an effort to protect consumers from some of the geopolitical factors spilling over into the retail gasoline market. OPEC and the IEA both said in their monthly reports that market perceptions were behind higher energy prices, not physical shortages.

• Wednesday, April 25th 2012 - 06:55 UTC

  One of Argentina’s main textile groups prepares to abandon the Stock exchange

  

  One of Argentina’s main textile and shoe wear companies, Alpargatas belonging to the powerful Brazilian Camargo Correa group has begun the process to abandon the Buenos Aires stock exchange.

• Wednesday, April 25th 2012 - 06:51 UTC

  Holland enters in Euro risk zone as political parties clash over further austerity

  

  Holland one of the few show cases of Europe with all economic indicators the envy of its fellow EU members has stalled in a political controversy while at the other end Greece sees no end to suffering in its fifth year of recession.

• Wednesday, April 25th 2012 - 06:41 UTC

  Fitch upgrades rating outlook to positive; warnings about Argentina and inflation

  

  Fitch Ratings revised Uruguay's rating outlook to positive from stable on Tuesday, citing the country's ability to cut external and budget vulnerabilities. However Fitch warns about the deteriorating situation in neighbouring Argentina and inflation.