Economy

Wednesday, April 4th 2012 - 02:39 UTC
Fitch ratings says Brazil’s current slowdown is cyclical and likely to return to potential

According to a special report published Tuesday on Brazil, Fitch Ratings believes that the country's current slowdown is cyclical in nature and that economic growth is likely to return to its potential rate.
Wednesday, April 4th 2012 - 02:28 UTC
A decade later S&P lifts Uruguay’s rating to investment grade

Uruguay’s credit rating was raised one level by Standard & Poor’s, which means the country has returned to investment grade for the first time in a decade.
Wednesday, April 4th 2012 - 02:20 UTC
Brazil soy farmers expected to plant a record acreage after this year’s dismal crop

Brazilian farmers will likely plant at least 26.2 million hectares with soybeans in the next crop, up 1.1 million hectares from the current 2011-12 crop, forecaster Agroconsult said Tuesday.
Wednesday, April 4th 2012 - 01:47 UTC
YPF shares plummet on growing investors’ fear of Argentine government takeover

Shares in Argentina's biggest energy company, YPF plummeted on Tuesday because of growing investor fear over a possible government plan to seize control of the oil firm.
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.