Economy

• 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.

• Tuesday, June 19th 2012 - 06:16 UTC

  Largest emerging-market nations will make additional contribution to IMF

  

  The world’s largest emerging-market nations will announce contributions to the IMF’s financial firewall at the Group of 20 summit meeting in Mexico, Brazil’s Finance Minister Guido Mantega announced.

• Tuesday, June 19th 2012 - 01:30 UTC

  PM Cameron accuses Argentina of colonialism and protectionism ahead of G20

  

  British Prime Minister David Cameron has fired a broadside at Argentina ahead of the opening of the G20 summit in Mexico, accusing the country of colonialism over the Falklands and protectionism in world trade.

• Monday, June 18th 2012 - 07:32 UTC

  Peru announces 28bn dollars in mining projects despite growing social unrest

  

  The Peruvian government has approved private mining projects worth 28 billion dollars out of 52 billion dollars of projects planned over the next five years, Peru's Energy and Mines Minister Jorge Merino said.

• Monday, June 18th 2012 - 07:12 UTC

  Europe’s richest man is Spaniard Amancio Ortega, owner of Zara clothing chain

  

  Just as Spain asked Europe for a bailout of 125 billion Euros, Amancio Ortega, the septuagenarian Spaniard who founded retailer Inditex SA became the region’s richest man.

• Monday, June 18th 2012 - 07:06 UTC

  France defies Germany proposes 120bn Euros “pact for growth” to EU leaders

  

  French President Francois Hollande has proposed a 120 billion Euro “growth pact” ahead of key talks with Euro zone leaders, newspaper Le Journal du Dimanche reported on Sunday.

• Monday, June 18th 2012 - 03:24 UTC

  Brussels willing to soften austerity measures for the Greek pro-bail out government

  

  European governments signaled a willingness to relent on Greece’s austerity measures as leaders turn from an election victory by Greek bailout proponents to focus on safeguarding the other 98% of the Euro economy