Economy

Friday, March 30th 2012 - 07:05 UTC
Brazil’s union files lawsuit against Chevron and Transocean over oil spill

Brazil's largest oil workers union filed a lawsuit against US oil company Chevron and drilling firm Transocean that seeks to cancel their rights to operate in the country as the result of an offshore oil spill last November.
Friday, March 30th 2012 - 06:47 UTC
Uruguay against any Falklands’ blockade; supports trade with the Islands

Foreign Affairs minister Luis Almagro said that the Uruguayan government does not oppose trade with the Falkland Islands and any undertaking to that effect by the private sector is welcome since “Uruguay does not agree with any commercial or economic blockade of the Islands”.
Friday, March 30th 2012 - 06:39 UTC
Argentina promises to reopen book imports: ‘lead poisoning ink argument too heavy’

Argentina’s restrictions on books imports based on the ‘lead content of the ink in which they are published’ and the fact the Argentine government described the implementation as a “safeguard for human health” echoed worldwide, and official sources have now promised the situation will “be back to normal” in a few weeks.
Thursday, March 29th 2012 - 07:10 UTC
Brazilian congress breaks gridlock on legislative agenda including “FIFA bill”

Brazilian lawmakers on Wednesday moved a step closer to passing a long-delayed measure key to preparations for the 2014 soccer World Cup, breaking a gridlock in Congress that threatened to delay President Dilma Rousseff's legislative agenda.
Thursday, March 29th 2012 - 04:24 UTC
Guess why Argentina restricts book imports: possible lead poisoning from ink

Argentina does not ban the import of books, the latest measures have been implemented to safeguard human health since handling books could entail dangers originated in the lead content of the inks with which they are published.
Thursday, March 29th 2012 - 04:13 UTC
It’s official now: Argentine oil and gas production continues to fall

Argentina oil output during the month of January dropped 4.21% compared to a year ago while natural gas was down 0.11%, according to the latest official data from the Energy Secretary.
Thursday, March 29th 2012 - 01:39 UTC
Argüello says Argentina/US relations are fine, “nothing to worry about”

The Argentine Ambassador to the US, Jorge Argüello, assured on Wednesday that despite reactions to trade barriers put up this week by the US to Argentina, there was “nothing to worry about” regarding the relationship between the countries.
Wednesday, March 28th 2012 - 05:49 UTC
US/Argentina spat “comes as no surprise” and is a “serious bump in the road”

The US government said on Tuesday that their recent decision to suspend Argentina from the Generalized System of Preferences, GSP, program, which waives import duties on thousands of goods from developing countries “is a serious bump in the road”, but “should not come as much of a surprise.”
Wednesday, March 28th 2012 - 00:41 UTC
CFK promises to address “trade wars and guerrillas” in a most civilized and legal way possible

President Cristina Fernández questioned US president Barack Obama’s recent decision to suspend trade benefits for Argentina, while complaining that “we can’t even manage to get one of our lemons to enter the US market.”
Tuesday, March 27th 2012 - 12:52 UTC
Brazil extends tax cuts on appliances but manufacturers must not lay-off workers

Brazil announced extended tax cuts on appliances such as refrigerators and washing machines, and reduced levies on other goods, as it seeks to help manufacturers hurt by a slowdown in economic growth and a surge in imports.