Economy

• Saturday, October 22nd 2011 - 00:39 UTC

  France and Germany debt crisis rift; program for a second Euro summit

  

  France's push to use more European Central Bank money to fight the Euro zone debt crisis has run into strong resistance from Germany and other EU partners, leaving Paris increasingly isolated before a crucial summit.

• Saturday, October 22nd 2011 - 00:38 UTC

  NATO seven-month ‘United Protector’ campaign in Libya comes to an end this month

  

  NATO plans to end its seven-month air and sea campaign in Libya at the end of October, Secretary-General Anders Fogh Rasmussen said on Friday, the day after the death of Muammar Gaddafi.

• Saturday, October 22nd 2011 - 00:37 UTC

  Obama announces end of war in Iraq and will pull out troops by end of the year

  

  President Barack Obama vowed to pull all US troops from Iraq this year, symbolically ending the war but dashing US hopes of leaving a few thousand troops to buttress a still shaky Iraq and offset neighbouring Iran's influence.

• Friday, October 21st 2011 - 08:35 UTC

  In Uruguay we have learnt to bury the old economic paradigms, says Mujica

  

  Uruguay’s strategy is to attract foreign private investors and offer the necessary guarantees to develop their business, said President Jose Mujica in a brief summary of his ten day European visit of four countries and the headquarters of the European Union in Brussels.

• Friday, October 21st 2011 - 07:51 UTC

  Uruguay satisfied with oil corporations’ interest in exploring in its maritime shelf

  

  At least ten first line oil and gas corporations expressed interest in the road show set up by Uruguay in Houston to promote hydrocarbons exploration on its continental shelf, according to one of the Directors of the country’s fuels company Ancap.

• Friday, October 21st 2011 - 07:41 UTC

  Uruguay and EC committed to advance with the EU/Mercosur association accord

  

  Uruguay and the European Commission agreed on the importance of promoting economic and investment relations and ratified their commitment to advance negotiations for a Mercosur/EU wide ranging trade and association agreement that is “integral, balanced and ambitious”.

• Friday, October 21st 2011 - 05:34 UTC

  Fitch warns Argentina on ‘inconsistent policies’ that spur inflation and volatility

  

  Argentina’s sovereign rating is “heavily constrained by inconsistent” policies that have accelerated inflation and economic volatility, Fitch Ratings said three days before presidential elections.

• Friday, October 21st 2011 - 05:19 UTC

  World Cup 2014 takes off in Sao Paulo and Maracana stadium the final

  

  Sao Paulo will host the opening match of the 2014 World Cup and Rio de Janeiro's Maracana stadium, where Uruguay in 1950 knocked out the host’s dream of its first Cup, will stage the final, FIFA announced Thursday.

• Friday, October 21st 2011 - 05:13 UTC

  Brazil reaffirms its political and trade influence in Angola and Mozambique

  

  Brazil reaffirmed its influence in Africa with the visit by President Dilma Rousseff on Thursday of the oil rich ‘brother’ nation Angola. Rousseff had previously visited South Africa and Mozambique.

• Friday, October 21st 2011 - 05:03 UTC

  Brazil Supreme Court suspends 90 days higher tax on imported cars

  

  Brazil’s Supreme Court suspended until mid-December a higher tax on imported cars imposed in September to protect local manufacturers from cheap import from China, Korea and elsewhere.