Economy

• Monday, February 21st 2011 - 07:09 UTC

  Argentina satisfied with G20 proposal to stimulate food production

  

  Argentina is satisfied with the outcome of the G-20 ministerial meeting after the proposal to regulate commodities prices was turned down, particularly in the food chapter, and because it was agreed that the best way to address current tensions is to stimulate supply.

• Monday, February 21st 2011 - 07:03 UTC

  G20 reaches deal on indicators to detect economic imbalances

  

  The G20 have reached a deal on indicators to detect economic imbalances, the French presidency said, after the meeting ended in Paris. The world's leading economies agreed on a compromise after “frank, sometimes tense” negotiations, French Finance Minister Christine Lagarde said.

• Saturday, February 19th 2011 - 06:19 UTC

  Ambitious Uruguayan trade and investment incursion to India

  

  Considered one of the most ambitious trade and investment incursions to Asia, a delegation of Uruguayan business people headed by Vice-president Danilo Astori begins Saturday a seven-day official visit to India.

• Saturday, February 19th 2011 - 06:08 UTC

  Argentine economy expanded 9.1% in 2010, announces Cristina Kirchner

  

  President Cristina Fernandez de Kirchner announced Friday that Argentina’s economy is 2010 expanded 9.1% and unemployment in the fourth quarter experienced a further drop and now stands at a record low of 7.3%.

• Saturday, February 19th 2011 - 06:03 UTC

  G20 negotiators fail to agree targets to reduce global imbalances

  

  Negotiators have failed to agree targets to reduce global economic imbalances on the first day of the two-day G20 meeting in Paris. The countries want to better coordinate economic policies to avoid a repeat of the 2008 global financial crisis.

• Friday, February 18th 2011 - 23:48 UTC

  Argentina/Brazil agree on monitoring committee to oversee bilateral trade

  

  Argentina and Brazil agreed Friday to set up a Monitoring Committee in order to exclude Brazilian products from being affected by the imports non-automatic licence system announced this week by the administration of President Cristina Fernandez de Kirchner.

• Friday, February 18th 2011 - 19:34 UTC

  Brazil’s proven oil reserves increase 11% in 2010 reaching 14.25 billion barrels

  

  Brazil’s proven oil reserves rose 10.65% in 2010 to nearly 14.25 billion barrels, the biggest annual increase in the past eight years, the ANP oil regulator announced this week. Total reserves, overwhelmingly offshore, which also include probable and possible reserves, soared 34.57% to 28.47 billion barrels.

• Friday, February 18th 2011 - 19:18 UTC

  Chilean vineyards face shortage of field workers; most migrate to construction

  

  Chile’s white wine grapes slated for harvest at the end of the month may not find enough hands to pick them. The grape harvest is the most labour-intensive period of the year for vineyards, but this year, vineyards having trouble tracking down temporary workers to work the harvest season.

• Friday, February 18th 2011 - 16:53 UTC

  “Beginning of the end for Mercosur” warn Uruguayan industrialists

  

  The chairman of the Uruguayan Chamber of Industry, Washington Burghi, warned that Argentina’s decision to restrict imports could be “the beginning of the end” for the Mercosur. However Argentine ambassador in Montevideo said decisions are targeted against Asian imports with the purpose of defending Argentine jobs.

• Friday, February 18th 2011 - 16:38 UTC

  China again raised bank reserves (eight times in 12 months) to rein inflation

  

  China’s central bank raised reserve requirements for lenders 10 days after boosting interest rates as Premier Wen Jiabao tackles accelerating inflation and the risk of asset bubbles in the fastest-growing major economy.