Economy

Friday, December 17th 2010 - 07:01 UTC
Asia’s emerging giants move closer; agree trade goal of 100 billion USD by 2015

India and China agreed to raise the bilateral trade to 100 billion US dollars by 2015, step up investments and permit banks of other countries to open branches and representative offices.
Friday, December 17th 2010 - 06:45 UTC
Mercosur summit launches ambitious action plan to ensure customs union

Mercosur leaders meeting in Brazil launched a plan to adopt common trade, investment and immigration policies to help underpin unprecedented economic growth in the region.
Thursday, December 16th 2010 - 23:59 UTC
China and Argentina sign Tax information exchange agreement

China and Argentina signed a Tax Information Exchange Agreement (TIEA) in order to improve transparency in the two countries’ bilateral trade and investment.
Thursday, December 16th 2010 - 23:56 UTC
IMF votes aid loan to Ireland, but open to discussions with a new government

The International Monetary Fund (IMF) approved a 22.5 billion Euros loan for Ireland and said it was open to re-negotiating parts of the bailout package with a new government provided its overall targets were adhered to.
Thursday, December 16th 2010 - 23:52 UTC
IMF technical support for Argentina Statistics Office will continue until next April

International Monetary Fund (IMF) will continue collaborating with Argentina national statistics bureau, Indec, in order to create “a price index with stronger credibility,” the spokeswoman of the organization, Caroline Atkinson, assured in Washington.
Thursday, December 16th 2010 - 18:28 UTC
Argentina’s top businessman warns about inflation and Chinese investments

Argentina’s most influential businessman warned about the “inflationary escalade” which, if not contained can lead to an unfavourable climate for investments. Paolo Rocca, Techint group CEO made the statements during an entrepreneurs’ forum where he called for “business responsibility”, “clear rules of the game”, “transparency” and questioned the landing of Chinese oil corporations in Argentina.
Thursday, December 16th 2010 - 03:58 UTC
Australia present at the Mercosur summit in Brazil

Australian Foreign Secretary Kevin Rudd will be present at the two-day Mercosur summit which begins Thursday in Foz de Iguazu. Rudd met on Wednesday with his Brazilian peer Celso Amorim ahead of the summit and in the framework of the “Australia-Brazil Dialogue” created last September.
Thursday, December 16th 2010 - 03:45 UTC
Trade among Mercosur members forecasted to reach 42 billion USD

Trade between the four member Mercosur block is expected to reach 42 billion US dollars in 2010 revealed Argentine Industry minister Debora Giorgi who on Thursday will be participating of the Mercosur summit in Foz de Iguazu, Brazil.
Thursday, December 16th 2010 - 03:31 UTC
Brazil expects to reach UN Millennium Development Goals by 2012

The Brazilian government announced Tuesday that the country has seen a solid drop in childhood malnutrition which, together with the social progress achieved in other areas, meets the criteria under the U.N. Millennium Development Goals for the eradication of extreme poverty.
Wednesday, December 15th 2010 - 22:49 UTC
Spain again on the brink as Moody’s questions 2011 financial requirements

Moody's rating agency threatened Wednesday to downgrade Spain's credit rating, hammering markets as it warned of a 170-billion-Euro refinancing challenge ahead in 2011.