Economy

• Tuesday, October 11th 2011 - 23:41 UTC

  Uruguay celebrated the bicentennial with a huge colourful popular party

  

  Uruguay celebrated Monday October 10 the bicentennial of its emancipation process with a great colourful, open party that attracted over 300.000 people to the streets and stages in the capital Montevideo.

• Tuesday, October 11th 2011 - 23:37 UTC

  Protestors beaten in Boston; in New York a “Billionaire’s tour” is planned

  

  Tensions boiled over Tuesday in downtown Boston, where police arrested over 100 protesters from the Occupy Boston movement after the group expanded its encampment.

• Tuesday, October 11th 2011 - 23:34 UTC

  Trichet warns EU sovereign debt has become “systemic”

  

  Europe's top financial watchdog warned Tuesday that the Euro zone's sovereign debt crisis has become systemic and threatens global economic stability unless decisive action is taken urgently.

• Tuesday, October 11th 2011 - 08:15 UTC

  Food high prices and volatility to continue; investment in agriculture critical, says UN

  

  Food price volatility featuring high prices is likely to continue and possibly increase, making poor farmers, consumers and countries more vulnerable to poverty and food insecurity, the United Nations' three Rome-based agencies said in the global hunger report published Monday.

• Tuesday, October 11th 2011 - 07:48 UTC

  China to increase oil and sales tax (5 to 10%) to reduce consumption

  

  China will expand a tax on oil and natural gas sales to the entire country as of November first to try and reduce consumption. The tax will be 5-10% of sales, the State Council said Monday.

• Tuesday, October 11th 2011 - 07:44 UTC

  ”We are the 99%” protestors in downtown Chicago disrupt bankers’ events

  

  Thousands of protesters, including teachers and religious leaders, converged on downtown Chicago Monday to rally against economic inequality, with two financial industry events in their crosshairs.

• Tuesday, October 11th 2011 - 07:38 UTC

  Business leaders tell Obama how millions of jobs could be created

  

  President Barack Obama could create millions of jobs by attracting more foreign capital to the United States, helping entrepreneurs and being more aggressive in energy, business leaders said.

• Tuesday, October 11th 2011 - 07:20 UTC

  Mercosur a ‘priority’ almost a ‘sanctuary’ for Brazilian trade and diplomacy

  

  Brazil is reinforcing its diplomacy’s legal and trade departments in anticipation of a major impact from a possible global situation and in this context “Mercosur is a priority, almost a sanctuary” announced Monday the Foreign Affaire ministry.

• Tuesday, October 11th 2011 - 07:13 UTC

  Brazil is a “decisive partner” for Argentina in the event of a major crisis

  

  For Argentina, Brazil is a “decisive partner” in addressing the negative effects of the world economic crisis which has hit the United States and the European Union, said on Monday Argentina’s Deputy Economy minister Roberto Feletti.

• Monday, October 10th 2011 - 23:00 UTC

  China warns Washington of a ‘trade war’ if US Senate votes punishing the Yuan

  

  China reiterated that an expected vote this week in the US Senate on a bill intended to pressure Beijing to allow its currency to raise if made into law would result in a trade war and hurt US-China ties.