Economy

• Tuesday, June 21st 2011 - 03:05 UTC

  Embraer announces in Paris Air Show orders for 39 E-190 regional jets

  

  Brazil’s Embraer announced Monday at the Paris Air Show it had won orders for 39 E-190 regional jets and estimates is has “good chances” of firm orders from US carrier Delta Air Lines, which will likely make a decision to renew its fleet by October.

• Tuesday, June 21st 2011 - 02:38 UTC

  Brazil targets 5% increase for next crop and loans 67bn USD to farmers at zero rate

  

  Brazilian president Dilma Rousseff announced an agriculture support plan of approximately 67 billion US dollars with the purpose of increasing by 5% the 2011/2012 harvest of grains and oil-seeds

• Tuesday, June 21st 2011 - 02:24 UTC

  “With a few drops of its reveres, China can finance Ecuador’s development”

  

  Ecuadorian president Rafael Correa said China has one of the largest liquid international reserves in the world and could with “a few drops” finance the development of his country and the whole of Latin America.

• Monday, June 20th 2011 - 20:26 UTC

  Moody’s upgrades Brazil’s sovereign credit rating to “Baa2”

  

  Ratings agency Moody's Investors Service upgraded Brazil's sovereign credit rating on Monday, giving a vote of confidence in the government's efforts to prevent the region’s largest economy from overheating.

• Monday, June 20th 2011 - 20:18 UTC

  Unasur forecasts greater role for Latam in new international order

  

  A new global order is emerging as a result of the world crisis and recession in developed countries and Latin America has a crucial role to play given its very satisfactory economic performance in recent years, said Unasur Secretary General Maria Emma Mejia.

• Monday, June 20th 2011 - 01:27 UTC

  Uruguayan exporters and government officials clash over costs and the US dollar

  

  Uruguayan exporters and government officials clashed over the (depressed) value of the US dollar in the local market and its impact on overseas sales competitiveness and profits. The differences surfaced during the celebration of “Exporters Day”.

• Sunday, June 19th 2011 - 22:52 UTC

  Cruise vessels would be allowed to operate casinos while docked in Gibraltar

  

  Senior cruise executives from across the globe showed “considerable interest” in plans to permit gambling on cruise ships docked overnight in Gibraltar.

• Sunday, June 19th 2011 - 22:46 UTC

  Greece and Spain react to the Euro-pact of painful economic reforms

  

  As the Euro crisis debt crisis expands, Greek Prime Minister George Papandreou appealed to parliament to support a new cabinet appointed to push through painful economic reforms, saying a debt default would be catastrophic for the country and the European Union.

• Sunday, June 19th 2011 - 10:13 UTC

  Uruguay private consumption expanding several points higher than GDP

  

  The Uruguayan economy expanded 2.3% in January-March over the previous quarter, which has elevated forecasts for the twelve months of 2011 to a floor of 6.5%. However the Uruguayan government is concerned that consumption again expanded at a higher rate than GDP.

• Saturday, June 18th 2011 - 03:02 UTC

  Green light for construction of Uruguay’s second pulp mill

  

  The construction of Uruguay’s second pulp mill, which includes a power plant and port facilities have been authorized following the approval of the Montes del Plata environment policies.