Economy

Thursday, April 12th 2012 - 17:48 UTC
World trade growth will slow for second year in 2012, anticipates WTO

World trade growth will slow for a second year to 3.7% in 2012 but “severe” downside risks could drive it further below the 20-year average of 5.4%, the World Trade Organization forecast on Thursday.
Thursday, April 12th 2012 - 17:20 UTC
Brazil Senate won’t consider controversial World Cup bill unless Blatter shows up

FIFA President Sepp Blatter is trying to schedule a trip to Brazil to speak at a public hearing about a controversial World Cup bill FIFA wants approved as soon as possible.
Thursday, April 12th 2012 - 17:11 UTC
Soros tells Germany preparing for “end of the Euro” only worsens the situation

Billionaire investor George Soros said financial markets are concerned other countries will follow Germany’s Bundesbank in girding against the end of the Euro.
Thursday, April 12th 2012 - 03:05 UTC
Major industrial action threatens Argentine ports at harvest export peak

The Argentine maritime workers union, SOMU, decided not to work overtime, a measure which affects most ports from inland Rosario on the Paraná River to Bahía Blanca on the South Atlantic, when thousands of trucks are lined up with the summer harvest.
Thursday, April 12th 2012 - 01:04 UTC
US World Bank candidate tells board of directors he is not afraid of ‘challenging orthodoxies’

Jim Yong Kim, the US nominee to head the World Bank, told the bank's board of directors that he would not hesitate to question the status quo and do his best to help the world poorest.
Wednesday, April 11th 2012 - 17:04 UTC
US and EU considering WTO actions against Argentine ‘protectionist practices’

The US and forty countries which formalized a joint statement before the World Trade Organization complaining about Argentina’s trade restrictions are considering moving a step further and begin a “disputes settlement” process which could lead to an open condemnation if the administration of President Cristina Kirchner does not lift the protectionist network.
Wednesday, April 11th 2012 - 16:59 UTC
IMF will make compulsory review of economy in spite of Argentina’s refusal

The International Monetary Fund will make a compulsory review of Argentina’s economy because of the country’s refusal to allow the multilateral organization to examine its finances since 2006, the Buenos Aires media reported on Wednesday quoting IMF sources.
Wednesday, April 11th 2012 - 13:24 UTC
Hillary says US interested in “a 21st century partnership” with Brazil

Secretary of State Hillary Clinton described Brazil as a “responsible country” in world affairs and praised Brazil’s “growing impact in global stability and security”, during an event at the US Chamber of Commerce.
Wednesday, April 11th 2012 - 06:38 UTC
Paraguayan economy forecasted to suffer a strong contraction this year

The economy of Mercosur junior member Paraguay, is set to remain flat or even suffer a slight contraction in 2012 after several years of sustained growth announced on Tuesday the country’s central bank.
Wednesday, April 11th 2012 - 02:13 UTC
Half a million Argentine tourists ‘invaded’ Chile during the first quarter of 2012

In the first quarter of this year, 1.2 million foreign tourists arrived in Chile, which represents a 14% increase over the same period a year ago, reported the Under Secretary of Tourism Jacqueline Plass.