Economy

• Wednesday, April 4th 2012 - 01:37 UTC

  Brazil announces 35bn dollars stimulus measures to prop industry

  

  Brazil announced on Tuesday tax cuts and other stimulus measures worth about 65 billion Reais (35 billion dollars) to protect the country’s struggling industry from what she said were “predatory” trade practices by rich nations.

• Tuesday, April 3rd 2012 - 03:47 UTC

  Food inflation in South America is higher than the average overall index

  

  In the last two years inflation in Latin America has stabilized varying between 6% and 7%, according to the latest monthly report from the FAO (Food and Agriculture Organization) regional office.

• Monday, April 2nd 2012 - 18:34 UTC

  Falklands’ message from Hague: “we still want to work with Argentina”

  

  In a statement entitled “Why we still want to work with Argentina”, commemorating the 30th anniversary of the South Atlantic conflict, Foreign Secretary William Hague, stressed UK’s eagerness to work with Argentina on several aspects surrounding the Falkland Islands issue.

• Monday, April 2nd 2012 - 09:50 UTC

  Green light for Uruguayan flight to Falklands; Argentine ambassador says it’s not commercially viable

  

  The Uruguayan government through the Ministry of Defence gave the green light to a local air cargo company, Airclass which requested authorization to make a commercial flight to the Falkland Islands sometime this month.

• Monday, April 2nd 2012 - 09:42 UTC

  Argentina claims US and EU have the most questioned trade policies at WTO level

  

  Argentina highlighted that the administrations of Néstor Kirchner (2003/2007) and Cristina Fernández (2007/2011) were the less reported before the World Trade Organization and warned that that the US and EU are the most questioned members of the WTO regarding their trade policies.

• Monday, April 2nd 2012 - 09:40 UTC

  Argentina must act seriously and stop childish attitudes, says top industry leader

  

  Argentina’s notorious Interior Trade Secretary Guillermo Moreno has triggered another controversy, this time among board members from Industries Union of Argentina, UIA, involving one of its vice-presidents and the CEO of Fiat.

• Monday, April 2nd 2012 - 09:29 UTC

  UK and French companies awarded eight blocks in Uruguay’s offshore oil round

  

  UK’s BP, BG Group, London-based Tullow Oil and French oil major Total were awarded a total of eight offshore blocks in an Uruguayan bidding round and will invest 1.56 billion dollars in exploration of those areas, state energy company Ancap announced.

• Monday, April 2nd 2012 - 07:42 UTC

  Gibraltar/Algeciras agree to cross-border cooperation in matters of shared interests

  

  Gibraltar Chief Minister Fabian Picardo and Mayor of Spain’s Algeciras Jose Ignacio Landaluce have both separately highlighted the importance of cross-border cooperation and co-existence, in dealing with the complex issues related to Spanish fishing activity in Gibraltar waters.

• Monday, April 2nd 2012 - 05:24 UTC

  Argentina sends warning letters to banks supporting Falklands’ oil industry

  

  As many as 15 British and US banks have received warning letters by the Argentine embassy in London about possible legal action over giving advice or even writing research reports about companies involved in the Falkland Islands' nascent oil industry, London’s Sunday Telegraph said.

• Sunday, April 1st 2012 - 08:45 UTC

  Sanctions on Iran force Uruguay to propose Teheran rice for oil barter deal

  

  Uruguay will consult with Iran the possibility of exporting rice in exchange for oil, the government of President Jose Mujica said on Friday.