Economy

• Monday, March 5th 2012 - 05:50 UTC

  Uruguayan economy forecasted to expand 4% to 4.5%; inflation main challenge

  

  Uruguay's economy is poised to expand 4% to 4.5% this year, a moderate slowdown from the growth of just over 6% seen in 2011, the president of the central bank Mario Bergara told reporters during an IMF conference held in Punta del Este.

• Saturday, March 3rd 2012 - 04:47 UTC

  Cristina Fernandez preparing legal framework to ‘raid’ Central bank reserves

  

  Argentine President Cristina Fernandez sent a bill to Congress on Thursday aimed at helping the government tap more central bank reserves to help repay foreign debt and defend the country's currency.

• Friday, March 2nd 2012 - 07:21 UTC

  Argentine January exports of fish-shellfish down 13.2% in volume

  

  Argentina exported 24.479 tons of fish and shellfish valued at 81.4 million dollars in January 2012, according to the latest statistics from the National Health and Agri-food Quality Service, Senasa. This represents a fall of 13.2% in volume and 5.6% in value compared with the same month last year, 28.198 tons and 86.2 million dollars.

• Friday, March 2nd 2012 - 05:55 UTC

  Brazil claims rich countries “tsunami” of cheap money triggers “currency war”

  

  Brazilian President Dilma Rousseff slammed rich nations on Thursday for unleashing a “tsunami” of cheap money that was “cannibalizing” poorer countries such as her own, forcing them to act to protect struggling local industries.

• Friday, March 2nd 2012 - 05:50 UTC

  Professional football players’ transfers reached 3 billion dollars in 2011 says FIFA

  

  FIFA Transfer Matching System GmbH has published on Thursday the first edition of the annual report Global Transfer Market 2011. This report provides a comprehensive insight into football transfers worldwide, on which over 3 billion dollars was spent last year in the professional male football market.

• Thursday, March 1st 2012 - 05:05 UTC

  The US job market remains “far from normal” admits Bernanke before Congress

  

  An uneven US economic recovery will have to pick up in order to quickly bring down an unacceptably high jobless rate, Federal Reserve Chairman Ben Bernanke said on Wednesday.

• Thursday, March 1st 2012 - 04:48 UTC

  Argentina escalates trade brawl with UK: suggests EU-Unasur analyze Malvinas dispute

  

  The Argentine Foreign Ministry suggested in an official Wednesday release that “the EU and the Union of South American nations (UNASUR) analyze the Malvinas islands conflict and urge both countries (UK and Argentina) to negotiate”.

• Thursday, March 1st 2012 - 04:34 UTC

  Argentine government preparing legal framework to grab YPF from Spain’s Repsol

  

  The government of President Cristina Fernandez is preparing the legal framework to take control of Spain’s Repsol-YPF subsidiary in Argentina which it has accused of not investing sufficiently and has triggered a round of discussions with the Spanish corporation’s top official, reports the Buenos Aires media.

• Thursday, March 1st 2012 - 04:29 UTC

  Bernanke praises Euro-zone measures, but “critical fiscal and financial challenges remain”

  

  Testifying Wednesday before the US House Committee on Financial Services, Federal Reserve Chairman Ben Bernanke said that 'critical fiscal and financial challenges remain for the Euro zone.'

• Thursday, March 1st 2012 - 04:25 UTC

  UK became in 2011 a net exporter of lamb with excellent prospects for expansion

  

  UK has become a net exporter of lamb, according to new figures published by EBLEX and reported by Meat Trade News Daily. The figures show that in 2011 sheep meat exports from the UK saw an 11% increase on the year, totalling 98.500 tonnes product weight.