Economy

• Tuesday, October 25th 2011 - 04:06 UTC

  Brazil ignores OAS meeting due to dispute over hydroelectric dam

  

  Brazil will not take part in the annual meeting of the Organization of American States in Washington on Wednesday due to a dispute over a giant hydroelectric plant, said opponents of the scheme.

• Tuesday, October 25th 2011 - 04:00 UTC

  US to rescue borrowers whose loans are worth more than their homes

  

  The US housing market regulator has agreed to extend a refinancing scheme for borrowers whose loans are worth more than their homes.

• Tuesday, October 25th 2011 - 03:53 UTC

  Latam should turn to Korea for trade and investment, suggests IDB

  

  A new study released by the Inter-American Development Bank (IDB) argues that countries in Latin America and the Caribbean (LAC) should turn their attention to Korea, a fast-growing economy that offers numerous opportunities for bilateral trade and investment.

• Tuesday, October 25th 2011 - 03:49 UTC

  Chinese leaders growing concern with food and property prices

  

  China's Premier Wen Jiabao said the country must control food and property inflation to ensure social stability. The remarks came after the premier visited fresh food markets in south western China over the weekend.

• Monday, October 24th 2011 - 21:20 UTC

  Increase in mergers of AIM oil and gas firms forecasted

  

  Increases in mergers and acquisitions of AIM (*) oil and gas firms are expected after big falls in their value, claims accountants Ernst & Young.

• Monday, October 24th 2011 - 20:19 UTC

  Brazil preparing strict imports’ controls to safeguard domestic industry

  

  Brazil is preparing to implement more strict controls on imports from Asia, particularly China arguing that Beijing will try to take advantage of the positive performance of South America to compensate for the fall of sales in the European Union and the US currently under the burden of the Euro and debt crises.

• Monday, October 24th 2011 - 19:33 UTC

  Australia exports 969 tons of high quality beef, mostly rump to Brazil

  

  Australia has been sending beef to the world’s two largest beef exporting countries United States and Brazil. Australian beef exports to Brazil during the first nine months of 2011 jumped 381% year-on-year, to 969 tonnes swt, underlining the growing Brazilian demand for higher quality imported beef, mainly among steakhouse chains in the Sao Paulo region, reports meat-trade-news-daily.

• Monday, October 24th 2011 - 06:50 UTC

  Argentine patrols harass Falklands’ licensed jiggers outside the port of Montevideo

  

  Spanish jiggers operating in the South Atlantic with Falkland Islands licences complain they are been harassed by the Argentine Navy just a few miles away from the port of Montevideo where they call for discharging, maintenance and bunkering.

• Monday, October 24th 2011 - 06:45 UTC

  Argüello claims the UK is ‘stealing’ fisheries resources from Argentine Malvinas

  

  Jorge Argüello, Argentina's permanent representative to the United Nations, accused the United Kingdom of stealing Argentine fisheries resources around the Falkland/Malvinas Islands.

• Monday, October 24th 2011 - 06:41 UTC

  Philip Morris shuts down plant in Uruguay because of anti-smoking policies

  

  The US tobacco giant Philip Morris said on Friday it shut down its plant in Uruguay because the country's anti-smoking policies make business unprofitable.