Economy

Thursday, August 18th 2011 - 20:57 UTC
US and Euro zone “dangerously close to recession” warns Morgan Stanley

The United States and Euro zone are “dangerously close to recession,” Morgan Stanley said on Thursday, criticizing policymakers and predicting the European Central Bank will have to reverse its rates policy.
Thursday, August 18th 2011 - 07:06 UTC
Colombia/Canada launch FTA promoting agro-trade and mining investment

The Canada-Colombia Free Trade Agreement which took effect on Monday August 15 is Canada's fourth bilateral trade deal with a Latin American country and eliminates tariffs on a range of goods and services in an effort to facilitate trade and investment.
Thursday, August 18th 2011 - 06:57 UTC
Fitch ratings sees a decade of opportunities for construction industry in Latam

According to a new report issued by Fitch Ratings, the magnitude of investments in infrastructure during the next decade will provide unprecedented levels of opportunity for Latin American construction companies with the outlook for most companies in the industry being positive.
Thursday, August 18th 2011 - 06:50 UTC
Falklands’ resumes support for containerized international freight services

The Falkland Islands government and the local fishing industry have promised support for the maintenance of the containerised international freight services, which is expected to resume activities in the coming months.
Thursday, August 18th 2011 - 06:47 UTC
Positive rating outlook for Argentina although warnings on inflation effects

The Fitch rating agency decided to maintain a positive rating outlook for Argentina, although it warned about the effects of inflation.
Thursday, August 18th 2011 - 06:41 UTC
Brazil economic activity fell in June for the first time since 2008

Brazil's economic activity fell in June for the first time since 2008. The central bank's IBC-Br economic activity index fell 0.26% in June from May the first sequential drop since December 2008, when the global financial crisis plunged major economies into recession.
Wednesday, August 17th 2011 - 23:42 UTC
La Niña threatens Brazil and Argentina crops says Oil World

South American grain and oilseed production may be in jeopardy from the formation of a La Niña weather pattern, which might curb rainfall in parts of Brazil and Argentina, Oil World said.
Wednesday, August 17th 2011 - 23:06 UTC
Record prices for Uruguayan beef but insufficient cattle in 2011/2012

Uruguay’s beef industry is short of cattle and the annual slaughter for 2011 is expected to be the lowest in a decade, similar to ten years ago when the foot and mouth disease crisis that isolated the country from world markets.
Wednesday, August 17th 2011 - 14:40 UTC
Brazil JBS, world’s largest beef producer, reports losses and mounting debt

Brazil's JBS SA, the world's biggest beef producer, reported a second-quarter net loss of 180.8 million Real (114 million dollars), reversing a year-ago gain as US performance suffered.
Wednesday, August 17th 2011 - 08:16 UTC
Sarkozy and Merkel pledge support for the Euro but disappoint markets

The leaders of France and Germany meeting in Paris unveiled wide-reaching plans for closer Euro zone integration, including deficit limits and biannual summits but said joint Euro bonds could only be a long-term option.