Economy

Tuesday, February 14th 2012 - 20:51 UTC
New Year or Euro crisis: China’s January exports fall, imports plummet 15.3%

China's exports fell in January the first decline in more than two years, raising fresh concerns about the impact of a global slowdown on its economy. Exports dipped 0.5% from a year earlier hurt by sluggish demand and factories being shut during the Lunar New Year.
Tuesday, February 14th 2012 - 20:43 UTC
Brazil willing to wait to see how latest Argentine trade restrictions evolve

Brazil’s private sector said it would grant Argentina a “confidence vote” and would wait until the end of February before assessing the consequence of the new import restrictions imposed by the government of President Cristina Fernandez.
Tuesday, February 14th 2012 - 20:39 UTC
Argentine transport union promises to boycott all English and UK convenience flag vessels

The Argentine Confederation of Transport Workers, CATT announced Monday a boycott against all those “English vessels” that call in any port of the country to protest the UK “militaristic pretensions” in the Malvinas Islands and South Atlantic.
Monday, February 13th 2012 - 21:25 UTC
The Falklands “a fantastic corner of the world with much trade to be done”

“Far beyond expectations; this is a fantastic corner of the world”, said Dr. Nicolas Negrin, Head of Mission for the Uruguayan delegation describing his impression of the Falkland Islands. The 19 member Uruguayan business delegation spent a week in the Falklands and left on Saturday with impressions considerably different to those they had arrived with.
Monday, February 13th 2012 - 21:00 UTC
FAO Food Price Index up 2% in January, first increase since July 2011

The FAO Food Price Index rose by nearly two percent or four points from December to January, its first increase since July 2011. According to FAO prices of all the commodity groups in the index registered gains last month with oils increasing the most followed closely by cereals, sugar, dairy products and meat.
Monday, February 13th 2012 - 20:06 UTC
“We may be poor but not stupid”, China is not interested in EU government bonds

The head of China’s 410 billion dollars sovereign wealth fund CIC brushed aside a call by German Chancellor Angela Merkel to buy European government debt, saying such investments were “difficult” for long-term investors.
Monday, February 13th 2012 - 19:53 UTC
EU/Mercosur hope to resume talks following French presidential election

European and Latin American personalities underlined the peril of falling prey to short term results and forget the long term relation between the two regions which is expected to be re-launched following the French presidential election next April.
Monday, February 13th 2012 - 07:11 UTC
The Euro edges up as Greece votes austerity plan: Germany not convinced

The Euro edged up on Monday after Greece's parliament approved an austerity bill that put the country a step closer to securing much-needed funds, though market players worried about more hurdles before lenders seal a bailout deal.
Monday, February 13th 2012 - 06:01 UTC
It is official: Uruguay’s UPM-Botnia pulp mill does not contaminate, never has

A huge pulp mill, UPM, which has been at the heart of a several years’ controversy between Uruguay and Argentina, does not contaminate revealed Uruguay’s Foreign Affairs minister Luis Almagro before the Uruguayan parliament.
Saturday, February 11th 2012 - 07:46 UTC
Argentina says Uruguay should be grateful for all the investments and jobs created

Relations with the Uruguayan government couldn’t be better, with no obstacles ahead, and much of the success of the Uruguayan economy is influenced by Argentina, said ambassador in Montevideo Dante Dovena.