Economy

• Tuesday, November 15th 2011 - 21:59 UTC

  Greece and banks begin discussing bonds’ 50% haircut and swap

  

  Greece and private bondholders begun working on a deal to halve its public debt, a key pillar of a bailout plan to save the country from bankruptcy and ejection from the euro zone, sources said.

• Tuesday, November 15th 2011 - 21:52 UTC

  Flights disruptions and delays continue in Buenos Aires main airports

  

  Cancellations and more delays persisted Tuesday at Buenos Aires main airports as Aerolineas Argentinas flights suffered further setbacks to the service. The administrators of metropolitan Aeroparque and Ezeiza international airport, Aeropuertos Argentinas 2000 said that flights “were resuming, albeit slowly”.

• Tuesday, November 15th 2011 - 16:44 UTC

  President Mujica in Mexico to boost trade and relations with G20

  

  Uruguayan president Jose Mujica arrived Tuesday in Mexico for a two day visit to promote bilateral trade and to address with his host Felipe Calderon issues related to recent discrepancies with the G20 that described Uruguay and Panama as “fiscal havens”.

• Tuesday, November 15th 2011 - 06:50 UTC

  Argentine forex market volatility calming but fears remain as to next steps

  

  Argentina's central bank cut dollar reserve requirements after bank deposits plunged 645 million dollars last week following the government's moves to restrict foreign exchange purchases in an attempt to reduce capital flight.

• Tuesday, November 15th 2011 - 06:46 UTC

  Embraer has dominant position in the Middle East 60/120 pax jet segment

  

  Brazilian aerospace conglomerate, Embraer sees a market demand of 310 jets in the 60-120 passenger jet segment in the Middle-East in the period 2011-2030. According to reports, the aircraft maker has forecast a market potential of 14 billion dollars during the period in the region.

• Tuesday, November 15th 2011 - 06:27 UTC

  Argentine congress October ‘inflation index’: 1.49%, double the official rate

  

  Argentine lawmakers announced Monday the so-called Congressional ‘inflation index” for October which they estimated at 1.49% and is well over double the official Indec index released last week, 0.6%.

• Tuesday, November 15th 2011 - 06:23 UTC

  Brazil’s JBS, world’s largest beef producer plans to expand dairy business

  

  Brazil's JBS, the world's biggest beef producer, intends to expand its dairy business with strategic plans next year after the unit's double-digit growth in recent years.

• Monday, November 14th 2011 - 21:21 UTC

  Falklands establishes agriculture and trade cooperation links with Uruguay

  

  If proof was ever needed that adversity leads to a greater determination to succeed, it has been amply provided in a recent trip by the Falkland Islands Senior Agricultural Advisor, “Mac” McArthur, on a trade mission and cultural visit to Uruguay.

• Monday, November 14th 2011 - 21:02 UTC

  None of world major economies will escape a slowdown forecasts the OECD

  

  None of the world's major economies will escape a slowdown, the Organization for Economic Co-operation and Development said, highlighting increasing signs that growth momentum is dwindling across the board.

• Monday, November 14th 2011 - 20:58 UTC

  Merkel calls for EU political union as long term solution to Euro crisis

  

  As technocrats leaders in Italy and Greece rush to form governments as they sought to limit the damage from the Euro zone debt crisis – and the Euro climbed on relief that a key Italian bond auction drew decent demand from investors – German chancellor Angela Merkel stepped up to defend Europe’s common currency.