Economy

Thursday, January 5th 2012 - 05:33 UTC
In a decade Brazil must increase power generating capacity by 56%

Brazil must expand electricity production over the next decade by an amount equivalent to the power generated by three Itaipú hydroelectric dams, according to a study released Wednesday by the state-run Energy Research Corporation, EPE.
Thursday, January 5th 2012 - 05:28 UTC
Paraguay declares sanitary emergency because of outbreak of FMD

Paraguay declared on Wednesday animal sanitary emergency in the district of San Pedro, 400 kilometres north of the capital Asuncion where this week an outbreak of foot and mouth disease was confirmed in a farm.
Thursday, January 5th 2012 - 05:21 UTC
Brazil last year had the second-largest inflow of dollars: 65.2bn

Brazil last year recorded the second-largest dollar inflow in its history, 65.2 billion dollars, up 168% from 2010, with most in the form of foreign investment, the Central Bank said on Wednesday.
Thursday, January 5th 2012 - 05:08 UTC
EU slower December inflation could be followed by more interest rate cuts

Euro zone inflation eased from last year's peaks of 3.0% in December, the first sign of a fall in price growth this year that analysts expect will create room for more interest rate cuts to help the weakening economy.
Thursday, January 5th 2012 - 05:05 UTC
Belgian board member named chief economist of European Central Bank

European Central Bank has named Belgian executive board member Peter Praet as its chief economist following the resignation of Juergen Stark.
Wednesday, January 4th 2012 - 18:15 UTC
Top IMF economist warns of credit squeeze for Latam if Euro crisis worsens

Latin American economies face a recession and a credit squeeze if Europe's debt crisis worsens, director of the IMF Western Hemisphere Department Nicolas Eyzaguirre said on Wednesday.
Wednesday, January 4th 2012 - 17:33 UTC
Brazil will continue to import beef from Paraguay except from the FMD area

Brazil announced it will continue to receive different meats from the whole territory of landlocked Paraguay with the exception of the country of San Pedro were an outbreak of foot and mouth disease was confirmed this week, the second in four months
Wednesday, January 4th 2012 - 06:34 UTC
Uruguay consumer inflation in 2011 reaches 8.6%, which is 43% above target

Uruguay consumer price inflation accelerated to 8.6% in 2011 from 6.93% the previous year, the government stats office, INE said on Tuesday.
Wednesday, January 4th 2012 - 06:26 UTC
Dry weather, heat and lack of rain threaten Mercosur soybean crop

Mercosur soybean production is expected to fall 2.9% after dry weather and heat damaged crops in Brazil and Paraguay and as conditions deteriorate in Argentina, Hamburg-based industry researcher Oil World said.
Wednesday, January 4th 2012 - 06:16 UTC
Unemployment in Spain climbs to 4.4 million at end of 2011

Spain ended 2011 with record high unemployment, according to data released Tuesday as the new conservative government of Prime Minister Mariano Rajoy considers additional austerity measures to reduce the budget deficit.