Economy

• Sunday, February 5th 2012 - 07:52 UTC

  Jackie Chan to promote Brazilian manufactured executive aircraft in China

  

  Brazil’s aircraft manufacturer Embraer has delivered a Legacy 650 to celebrity Jackie Chan for the Chinese market. The aircraft is painted with a dragon logo.

• Saturday, February 4th 2012 - 05:35 UTC

  Argentina organized labour leader again blasts the government

  

  The Argentine organized labour CGT umbrella union leader Hugo Moyano once again blasted the government insisting he doesn’t understand the “fine-tuning” metaphor that President Cristina Fernández used to refer to subsidy cuts.

• Saturday, February 4th 2012 - 05:31 UTC

  Argentine 2011 car sales in domestic market set to establish a new record

  

  Argentine auto sales rose 8.2% in January from a year earlier to 112,607 units, the car dealers’ association Acara said in an e-mailed report on Friday. January’s sales were 43.5% more than December’s, the report said.

• Saturday, February 4th 2012 - 05:28 UTC

  New York State sues three top leading US banks on mortgage database abuse

  

  Bank of America Corp., Wells Fargo & Co and JP Morgan Chase & Co were sued by New York Attorney General Eric Schneiderman over the use of a mortgage database that the state said led to improper foreclosures.

• Saturday, February 4th 2012 - 05:25 UTC

  Argentina eliminates tax breaks for big oil and gas companies

  

  Argentina has cut 461 million dollars in annual tax breaks granted as investment incentives to big oil companies operating in the country, the government said on Friday, as part of a wider austerity program.

• Friday, February 3rd 2012 - 23:19 UTC

  IMF calls on emerging countries to contribute to increase its war-chest

  

  International Monetary Fund should proceed with talks on increasing the size of its war-chest at the same time as Europe discusses how to build a firewall to contain its debt crisis, a senior official from the fund said on Friday.

• Friday, February 3rd 2012 - 19:00 UTC

  China has neither the ability or the intention to ‘buy Europe’ says Wen Jibao

  

  China's Premier Wen Jiabao said on Friday the Asian giant had neither the ability nor the intention to “buy Europe”, amid concerns over growing Chinese investment in debt-stricken Euro zone economies.

• Friday, February 3rd 2012 - 18:33 UTC

  US economy creating jobs at fastest pace in months: unemployment drops to 8.3%

  

  The US economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3%, indicating last quarter's growth carried into early 2012.

• Friday, February 3rd 2012 - 18:31 UTC

  Bernanke warns US government debt relative to GDP is “clearly unsustainable”

  

  The growth of US government debt relative to GDP is “clearly unsustainable”, Federal Reserve Chairman Ben Bernanke said in a congressional testimony.

• Friday, February 3rd 2012 - 18:14 UTC

  Uruguay inflation up 0.74% in January and 8.05% in the last twelve months

  

  Uruguay's inflation rate rose in January 0.74% from December as housing, hotel and restaurant prices jumped, the national statistics agency, INE, reported this week. The consumer price index rose 8.05% on the year at the end of January, INE said.