Economy

Monday, April 11th 2011 - 23:50 UTC
FT forecasts Spain will be next in seeking financial assistance

The mix of high external indebtedness, the fragility of the financial sector and the probability of further declines in asset prices increase the probability of a funding squeeze at some point means that “Spain will be the next country to seek financial assistance from the EU and the International Monetary Fund”, argues one of the Financial Times respected columnists.
Monday, April 11th 2011 - 21:09 UTC
Brazil aware its relation with China raises the risk of “Dutch Disease”

President Rousseff arrived in Beijing Monday to begin a state visit to China that will incorporate Thursday’s summit of BRIC leaders. However Ms Rousseff’s trip to China is symbolically important since it is her first overseas visit outside Latin America and underlines the growing importance of the Brazil/China relationship, points out Capital Economics.
Monday, April 11th 2011 - 21:04 UTC
IMF optimistic report but warnings about overheating in emerging economies

The global economic recovery is gaining strength, with world growth projected at about 4½ percent in both 2011 and 2012, but unemployment remains high, and risks of overheating are building in emerging market economies, the IMF said in its latest forecast.
Monday, April 11th 2011 - 19:49 UTC
China plans to invest 10 billion USD in soy production and processing in Brazil

China plans to invest ten billion US dollars in the production, storage and transport of soybeans in Brazil to ensure the supply of the commodity of which it is the world’s main importer, according to press reports in Beijing.
Monday, April 11th 2011 - 19:42 UTC
EU agriculture ministers meet to address current trade talks with Mercosur

European Union Agriculture ministers will be meeting this week in Luxembourg to discuss the current trade negotiations with Mercosur, according to European Commission sources.
Monday, April 11th 2011 - 06:29 UTC
South America military expenditure up 2010, but insignificant in global terms

The region with the largest increase in military expenditure in 2010 was South America, with a 5.8% increase in real terms, reaching a total of 63.3 billion US dollars according to the latest report from the Stockholm International Peace Research Institute, SIPRI.
Monday, April 11th 2011 - 06:22 UTC
Mercosur costs and growing domestic demand limit beef export volumes

With stronger local currencies Mercosur main beef exporters, Brazil and Uruguay are finding it more profitable to supply their domestic markets than exporting, in spite of growing international demand.
Monday, April 11th 2011 - 06:17 UTC
With Colombia support Venezuela gets temporary extension of Andean membership

Colombian President Juan Manuel Santos and Venezuela’s Hugo Chavez agreed over the weekend to temporarily extend the bilateral trade pact within the framework of the Andean Community, or CAN, despite Venezuela’s pending withdrawal from that regional organization on April 21.
Monday, April 11th 2011 - 06:04 UTC
Unemployment in Latam to remain strong into 2012 because of ‘uncertainties’

An estimated 17 million people will suffer unemployment in Latin America well into 2012 according to latest estimates from the Economic Commission for Latin America and the Caribbean, ECLAC.
Monday, April 11th 2011 - 05:47 UTC
Controversy in Bolivia about the true volume of proven natural gas reserves

Bolivia has fallen from second to sixth place in the ranking of largest holder of proven natural gas reserves in South America, with Peru behind Venezuela as the two leading countries, admitted a Bolivian Hydrocarbons Association, or CBH, report.