Economy

• Friday, April 13th 2012 - 02:24 UTC

  Argentina’s March inflation according to private estimates, 2.3%

  

  Argentine opposition lawmakers presented on Thursday March’s inflation index based in the analysis of nine private agencies, which showed a 2.3% increase over the previous month.

• Friday, April 13th 2012 - 01:14 UTC

  FAO Food price index remained virtually unchanged in March

  

  The FAO Food Price Index (FFPI) averaged 216 points in March 2012, virtually unchanged from 215 points in February. Among the various commodity groups, only oils prices showed strength, compensating for falling dairy quotations, while the indices of cereals, sugar and meat prices were largely unchanged from February’s level

• Thursday, April 12th 2012 - 17:48 UTC

  World trade growth will slow for second year in 2012, anticipates WTO

  

  World trade growth will slow for a second year to 3.7% in 2012 but “severe” downside risks could drive it further below the 20-year average of 5.4%, the World Trade Organization forecast on Thursday.

• Thursday, April 12th 2012 - 17:20 UTC

  Brazil Senate won’t consider controversial World Cup bill unless Blatter shows up

  

  FIFA President Sepp Blatter is trying to schedule a trip to Brazil to speak at a public hearing about a controversial World Cup bill FIFA wants approved as soon as possible.

• Thursday, April 12th 2012 - 17:11 UTC

  Soros tells Germany preparing for “end of the Euro” only worsens the situation

  

  Billionaire investor George Soros said financial markets are concerned other countries will follow Germany’s Bundesbank in girding against the end of the Euro.

• Thursday, April 12th 2012 - 03:05 UTC

  Major industrial action threatens Argentine ports at harvest export peak

  

  The Argentine maritime workers union, SOMU, decided not to work overtime, a measure which affects most ports from inland Rosario on the Paraná River to Bahía Blanca on the South Atlantic, when thousands of trucks are lined up with the summer harvest.

• Thursday, April 12th 2012 - 01:04 UTC

  US World Bank candidate tells board of directors he is not afraid of ‘challenging orthodoxies’

  

  Jim Yong Kim, the US nominee to head the World Bank, told the bank's board of directors that he would not hesitate to question the status quo and do his best to help the world poorest.

• Wednesday, April 11th 2012 - 17:04 UTC

  US and EU considering WTO actions against Argentine ‘protectionist practices’

  

  The US and forty countries which formalized a joint statement before the World Trade Organization complaining about Argentina’s trade restrictions are considering moving a step further and begin a “disputes settlement” process which could lead to an open condemnation if the administration of President Cristina Kirchner does not lift the protectionist network.

• Wednesday, April 11th 2012 - 16:59 UTC

  IMF will make compulsory review of economy in spite of Argentina’s refusal

  

  The International Monetary Fund will make a compulsory review of Argentina’s economy because of the country’s refusal to allow the multilateral organization to examine its finances since 2006, the Buenos Aires media reported on Wednesday quoting IMF sources.

• Wednesday, April 11th 2012 - 13:24 UTC

  Hillary says US interested in “a 21st century partnership” with Brazil

  

  Secretary of State Hillary Clinton described Brazil as a “responsible country” in world affairs and praised Brazil’s “growing impact in global stability and security”, during an event at the US Chamber of Commerce.