Economy

Saturday, November 12th 2011 - 12:45 UTC
Brazil eases capital requirements for some consumer loans

Brazil’s central bank cut capital requirements for some consumer loans with maturities of up to five years, including car loans, as it seeks to fine tune measures taken last year to prevent excessive risk in the financial system.
Saturday, November 12th 2011 - 11:19 UTC
“Super” Mario Monti to the rescue of foundering Italy (and the Euro)

The man who is ready to succeed outgoing Silvio Berlusconi as Italy’s next Prime Minister is a well respected economist and tough negotiator “Super” Mario Monti.
Saturday, November 12th 2011 - 09:53 UTC
Argentina expects soy crop of 49.5 million tons and 30 million tons of corn

Argentina's 2011/2012 soy harvest is seen at 49.5 million tons, down from 50.3 million tons last season, the Rosario Grains Exchange said in its monthly crop report on Friday.
Saturday, November 12th 2011 - 09:51 UTC
Argentine official October inflation 0.6%; the congressional index, 1.6%

Argentina's official inflation was reported at 0.6% in October, breaking with 18 straight months of consumer prices reported at either 0.7 or 0.8%, the government reported on Friday.
Friday, November 11th 2011 - 08:32 UTC
Economist warns Latam to prepare for the chain effect of a Euro collapse

The Secretary-General of the Ibero-American Secretariat Enrique Iglesias, warned Thursday that the EU crisis could reach as far as Asia and Latin America, and that preventive measures should be taken.
Friday, November 11th 2011 - 08:28 UTC
Puyehue volcanic ashes are back forcing delays in Buenos Aires and links to Chile

Buenos Aires City two main air terminals, Ezeiza and Aeroparque faced on Thursday disruptions and flight complications because of the presence of the ash cloud from the Chilean Puyehue volcano, affecting particularly Patagonia to the south of Argentina and links with Santiago de Chile.
Friday, November 11th 2011 - 08:19 UTC
October consumer inflation in Brazil eases to 0.43% and 6.97% in last 12 months

Brazil's benchmark IPCA consumer price index rose 0.43% in October from September, slightly above expectations, government statistics agency IBGE said on Thursday.
Friday, November 11th 2011 - 08:09 UTC
Greece gets a former ECB banker as PM to implement the Euro rescue package

Greece named banker Lucas Papademos as head of a new crisis government on Thursday, ending the country's chaotic search for a leader to save it from default, bankruptcy and expulsion from the Euro zone.
Friday, November 11th 2011 - 07:53 UTC
Merkel denies smaller Euro Project but her party, CDU, congress could hold surprises

German Chancellor Angela Merkel rejected Thursday the idea that her government might favor a smaller Euro zone, saying her only goal since the beginning of the debt crisis has been to stabilise the bloc in its current form.
Thursday, November 10th 2011 - 08:17 UTC
Euro crisis: IMF chief warns of a “lost decade”; China calls for strong political will

The head of the IMF warned on Wednesday that Europe's debt crisis risked plunging the global economy into a “lost decade” and said it was up to rich nations to shoulder the burden of restoring growth and confidence.