Economy

• Sunday, November 27th 2011 - 08:11 UTC

  IMF chief praises Latinamerica, which can provide ‘some lessons to the advanced world’

  

  IMF chief Christine Lagarde who this week will be visiting Latinamerica said that Brazil, Mexico and Peru, like to many other countries in the region have done remarkably well over the past few years and can provide some lessons to the advanced countries.

• Sunday, November 27th 2011 - 08:07 UTC

  Lagarde leaves Argentina out of tour for not complying with understanding

  

  IMF chief specifically excluded Argentina from its coming Latinamerican tour because the government of President Cristina Fernandez still has to comply with what was agreed last July, basically normalizing the controversial INDEC stats office and open its books to auditing as happens with all other members of the G20.

• Sunday, November 27th 2011 - 05:54 UTC

  Petrobras domestic oil production stable at 2m bpd during October

  

  Brazil's government managed oil and gas company Petrobras said on Friday its average October domestic crude output remained stable versus September at 2.00 million barrels per day.

• Sunday, November 27th 2011 - 01:17 UTC

  UNASUR agrees to promote inter-trade and make operational infrastructure bank

  

  Unasur (Union of South American Nations) Economy and Finance ministers plus Central bank governors agreed to promote inter-regional trade as a way to cope with the incoming international crisis and anticipated that the South (development) Bank would formally be in operations in three weeks time.

• Saturday, November 26th 2011 - 03:20 UTC

  Mercosur to share intelligence and coordinate regionally organized crime combat

  

  Combating the drugs and arms trade and traffic of people as well as a greater coordination of regional intelligence services are among the pillars in security affairs that Argentina, as chair of Mercosur in the first half of 2012 will be applying.

• Saturday, November 26th 2011 - 03:18 UTC

  Strong process of land concentration and in foreign hands in Latam says FAO

  

  A report from the UN Food and Agriculture Organization, FAO, in seventeen Latinamerican and Caribbean countries discovered an intense concentration and foreign-held land process.

• Saturday, November 26th 2011 - 03:16 UTC

  Bolivia admits 26.1% live in extreme poverty but not on the hunger fringe

  

  The Bolivian government strongly rejected a statement from a FAO (UN Food and Agriculture Organization) official saying that 26% of the population (2.5 million people) is on the hunger fringe since they can not satisfy their basic food needs.

• Saturday, November 26th 2011 - 03:15 UTC

  Cuba opens bank loans for small businesses, private farmers and house repair

  

  Cuba has authorised banks to loan money to small businesses, private farmers and people who want to repair or build homes - a revolutionary step for the island's government.

• Saturday, November 26th 2011 - 03:12 UTC

  FAO estimates record oilseed production but soybean crop will be down

  

  Global oilseed production is estimated at record 472 million tons in the 2011-12 marketing year starting October but the growth in output will be subdued, FAO said in a report. Similarly soy bean production is expected to fall to 260.7 million tons from 265.8 million in 2010/2011.

• Friday, November 25th 2011 - 13:46 UTC

  Falklands’ by-election December 15: two seats on dispute

  

  Following the resignation of MLAs Emma Edwards (Stanley Constituency) and Bill Luxton (Camp Constituency) nominations have now been confirmed for the forthcoming Falkland Islands double bye-election on the 15th December.