Economy

• Monday, September 19th 2011 - 06:34 UTC

  Obama to propose a “Buffett Tax” on people making over a million dollars

  

  US President Barack Obama, will propose a 'Buffett Tax' on people making more than US$1 million a year as part of his deficit recommendations to Congress on Monday.

• Monday, September 19th 2011 - 06:31 UTC

  Greece hangs from the cliff while EU leaders can’t agree on rescue or default

  

  Greece’s ability to avoid default hangs in the balance this week as international monitors get set to assess whether Prime Minister George Papandreou can meet the conditions of rescue loans.

• Sunday, September 18th 2011 - 12:26 UTC

  Falkland Islands: 2016 for oil says Rockhopper but Islanders cautious

  

  Rockhopper Exploration’s announcement this week that they expect to begin pumping oil in 2016, set the international media off on a further round of speculation about future wealth, but Falklands stakeholders and interested parties are taking a more cautious approach.

• Saturday, September 17th 2011 - 05:07 UTC

  Mercosur consolidates as leading soybean region with 52% of world’s production

  

  In twelve years Mercosur has consolidated as the leading region in soybean production with 52% of the world crop and the potential to further expand area and yields.

• Saturday, September 17th 2011 - 05:03 UTC

  Argentina’s economy expanded 9.1% in the second quarter, according to Indec

  

  Argentina's economy grew 9.1% in the second quarter from a year earlier, the national statistics agency, Indec, reported Friday.

• Saturday, September 17th 2011 - 03:03 UTC

  World Cup 2014 delays expose Brazil’s planning and infrastructure weaknesses

  

  Brazil’s celebration of the 1,000-day countdown to the 2014 is being marred by construction delays as striking workers and government foot-dragging hurt preparations for the soccer tournament.

• Saturday, September 17th 2011 - 02:58 UTC

  Argentina will defend domestic market from flood of “Asian textile imports”

  

  Argentina will reinforce the defence of its domestic market from ‘the danger of an invasion of Asian countries’ imports, as a consequence of the world crisis, promised this week Industry Minister Debora Giorgi.

• Saturday, September 17th 2011 - 02:54 UTC

  China loosing edge to Asian neighbours as world’s cheapest place to manufacture

  

  China is losing its edge as the world's cheapest place to manufacture goods, a new report suggests. Indonesia and Bangladesh are benefiting most as rising costs in China force firms to switch production, it says.

• Saturday, September 17th 2011 - 02:50 UTC

  Chile leaves benchmark rate unchanged, but warns about tight labor market

  

  Chile’s central bank kept its benchmark interest rate unchanged this week for the third straight month and indicated that a tight labor market may prevent it from following Brazil and cutting rates next month.

• Saturday, September 17th 2011 - 02:28 UTC

  Geithner’s proposal to scale up rescue package gets cool response from EU

  

  US Treasury Secretary Timothy Geithner drew a cool response from EU policymakers when he urged them to leverage their bailout fund to better tackle the debt crisis and to start speaking with one voice.