Economy

• Tuesday, February 28th 2012 - 00:27 UTC

  EC report on trade and investments criticizes Mercosur protectionism

  

  The European Commission in its latest report on trade and investments complains about Mercosur protectionist policies, restrictions to maritime transport and to the export of commodities particularly from Brazil and Argentina.

• Tuesday, February 28th 2012 - 00:23 UTC

  Emerging economies decided to challenge US predominance in the World Bank

  

  Emerging economies said on Sunday that they will challenge a tradition that has placed an American at the head of the World Bank for decades, as the President Obama administration shows sensitivity to the need for change at global institutions.

• Monday, February 27th 2012 - 17:39 UTC

  China at turning point: current model is unsustainable says the World Bank

  

  The World Bank has warned China’s government that it must relax its grip on industry and move towards a free-market economy.

• Monday, February 27th 2012 - 04:47 UTC

  G-20 wants second 2 trillion dollars global Euro-zone rescue package by next April

  

  The world's leading economies worked to line up a deal in April on a second global rescue package worth nearly 2 trillion dollars to stop the Euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery.

• Friday, February 24th 2012 - 20:38 UTC

  Uruguay admits textile exports could be infringing Brazil’s antidumping rules

  

  Uruguay’s Minister of Industry and Energy Roberto Kreimerman admitted that Brazil suspended the access of textiles from Uruguay alleging that they were essentially Chinese cloth rolls with minimum input but stamped as Uruguayan manufactured and dispatched to Brazil.

• Friday, February 24th 2012 - 19:07 UTC

  Caritas Spain: 22% of households below poverty line, another 30% on the cliff

  

  A report examining Spain’s current levels of poverty has made national headlines after its launch revealed shocking figures. Caritas Spain has drawn attention to the precariousness facing millions of people at a time when networks of social aid are in danger of disappearing.

• Friday, February 24th 2012 - 07:43 UTC

  EU confirms Euro zone heading for its second recession in three years

  

  The Euro zone's economy is heading into its second recession in just three years, while the wider European Union will stagnate, the EU executive said, warning that the currency area has yet to break its vicious cycle of debt.

• Friday, February 24th 2012 - 07:38 UTC

  Argentina and the price of cooking the books, according to The Economist

  

  History has left Argentines with more than their share of economic trauma. Having twice suffered destructive bouts of hyperinflation in the late 1980s, they are sensitive to rising prices. When they spot inflation their instinct is to dump the peso and buy dollars.

• Friday, February 24th 2012 - 07:30 UTC

  Brazil highways’ maintenance to the private sector on 10 year contracts

  

  After selling concessions for the expansion and operation of three major airports and a highway earlier in 2012, Brazil is preparing a plan to sell 10-year highway maintenance contracts without tolls, a newspaper said on Thursday.

• Thursday, February 23rd 2012 - 05:03 UTC

  Inflation, over-valued currency and threat to exports, Uruguay’s 2012 challenge

  

  Inflation and an over valued currency are among the main challenges faced by the Uruguayan economy this year in the framework of a global recession which threatens the country’s exports