Economy

Monday, August 15th 2011 - 04:35 UTC
Unasur creates three task groups to protect the region from ‘industrialized north crises’

The Union of South American Nations must act quickly to protect the region's growing economies from another global financial crisis, Economy ministers and Central bankers from the 12-nation organization agreed at an emergency meeting convened Friday in Buenos Aires.
Monday, August 15th 2011 - 01:08 UTC
Loss of confidence in economic leadership leaves world economy in “new danger zone”

The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunday.
Monday, August 15th 2011 - 01:00 UTC
Lula da Silva: developed countries lack political initiative; need to learn from Latam

Former Brazilian president Lula da Silva blasted the developed countries lack of political initiative to face the economic crisis and suggested they adopt a strategy similar to Brazil’s.
Friday, August 12th 2011 - 17:37 UTC
Falklands claims Argentina responsible for ending Southern Blue Whiting fishery

Argentina contributes for the destruction of the species Southern Blue Whiting in the South West Atlantic claim Falkland Islands Fisheries Department scientists and fishing company executives.
Friday, August 12th 2011 - 17:29 UTC
Falklands’ Illex: one good season does not transform an industry

Despite a relatively buoyant 2011 Illex fishing season and “some optimism for the future,” one jigging company went out of business and others had problems finding the funds to pay licence fees said The Falkland Islands Director of Fisheries John Barton.
Friday, August 12th 2011 - 17:27 UTC
US retail sales up in July, but consumer confidence down to its lowest since 1980

US retail sales rose in July by the largest amount in four months, Commerce Department figures show, tempering fears that the US may be slipping back into recession.
Friday, August 12th 2011 - 06:22 UTC
Latam markets end with sustained recovery and more confidence

Latin American stocks rose on Thursday after bargain-hunting and improving US jobs data gave the market some relief. Investors swept up shares battered by the recent market rout that had knocked about 18% off the MSCI Latin America stock index since last week.
Friday, August 12th 2011 - 06:20 UTC
US job market data brings relief to markets stunned by the Euro and dollar crises

New US claims for unemployment benefits dropped to a four-month low last week, government data showed Thursday, a rare dose of good news for an economy that has been battered by a credit rating downgrade and falling share prices.
Friday, August 12th 2011 - 06:17 UTC
Sarkozy and Merkel plan confidence-building summit to prop Euro and markets

French President Nicolas Sarkozy and German Chancellor Angela Merkel will discuss next Tuesday how to make the Euro zone work more effectively amid persistent doubts in financial markets over Europe's ability to solve its sovereign debt crisis.
Friday, August 12th 2011 - 06:12 UTC
Top CEOs to lead Brazil-Canada forum to promote trade and investments

Canadian government has enlisted Bank of Nova Scotia CEO Rick Waugh to lead a group of chief executives who will help broker deeper trade and investment relations with Brazil, the world’s seventh largest economy.