Economy

• Sunday, January 8th 2012 - 05:29 UTC

  Brazil celebrates having achieved 2011inflation target, but it’s highest since 2004

  

  Brazil's government just met its inflation target for 2011, which was a surprise victory forPresident Dilma Rousseff and for a central bank that struggled for most of the year with rising food and commodities prices. However it is the highest inflation since 2004.

• Sunday, January 8th 2012 - 05:25 UTC

  India targets 50bn dollars trade with Latam by 2014; Latam assessing ‘China euphoria’

  

  Latin America trade with India could go up to 50 billion dollars by 2014 on the back of projected high economic growth in both the regions, said R. Viswanathan, India's ambassador to Argentina, Uruguay and Paraguay.

• Sunday, January 8th 2012 - 05:23 UTC

  IMF says Euro will survive 2012; global growth forecast lowered

  

  The Euro is likely to survive 2012 despite the debt crisis in the Euro currency zone, according to International Monetary Fund Managing Director Christine Lagarde.

• Sunday, January 8th 2012 - 05:20 UTC

  Two electronic companies increase investments in Tierra del Fuego

  

  Two companies involved in electronics announced investments of 450 million Argentine Pesos (over 100 million dollars) in Tierra del Fuego for the production of electrical appliances.

• Sunday, January 8th 2012 - 05:18 UTC

  Obama calls on US companies to ‘in-source’ jobs; unemployment falls to 8.5%

  

  President Barack Obama kicked off an effort to encourage US businesses to keep jobs at home instead of outsourcing them overseas, as he rolled out a new election-year theme aimed at courting middle-class voters.

• Sunday, January 8th 2012 - 05:16 UTC

  PM Cameron says shareholders should vote on bosses’ pay; end to “crony capitalism”

  

  Bosses' pay should have to be approved by votes among shareholders as part of efforts to restrain rising inequality Prime Minister David Cameron was quoted as saying in an interview with the Sunday Telegraph.

• Sunday, January 8th 2012 - 05:14 UTC

  Spain opens tax evasion “hunting season” and targets 8 billion Euros

  

  Spain’s new Conservative Government announced this week a wide ranging plan against fiscal fraud and tax evasion by which it hopes to recoup over 8 billion Euros for treasury coffers in 2012 alone. And it has also announced it will be engaging countries which have ceased to be tax-havens in order to step up the Government’s efforts against tax evasion in Spain.

• Friday, January 6th 2012 - 07:10 UTC

  Ford launches Brazil designed EcoSport to be marketed in 100 countries

  

  The Brazilian subsidiary of automaker Ford has unveiled a new version of its EcoSport SUV and says it will be sold in close to 100 countries. The car was introduced Wednesday in the Brazilian capital and at the Auto Expo show in New Delhi.

• Friday, January 6th 2012 - 07:01 UTC

  Spanish banks must set aside 50bn Euros to cover ‘toxic’ real estate assets

  

  Spain's Conservative government ruled out a bad bank to deal with toxic property assets, wary of adding more debt to a nation fighting to control its deficit and putting the onus on lenders to make their own provisions.

• Friday, January 6th 2012 - 06:45 UTC

  Heavy rains and mudslides threaten Rio do Janeiro; 35.000 residents displaced

  

  Brazil's Rio de Janeiro state placed emergency teams on maximum alert as heavy rains that have displaced 35.000 residents were forecast to continue, reviving fears of mudslides and flooding that killed about 900 people last year.