Economy

• Monday, April 18th 2011 - 21:51 UTC

  Finland’s anti-Euro strong showing could block Portugal’s bailout negotiation

  

  What’s the link between Portugal's bailout negotiations and Finland? Well negotiations began under a cloud Monday after an anti-Euro party scored big gains in a Finnish election and immediately vowed to derail the pending rescue.

• Monday, April 18th 2011 - 19:13 UTC

  S&P downgrades US debt outlook from “stable to negative”, because of budget deficit

  

  The United States have been warned that the credit rating on its government debt could be cut by Standard & Poor's. The risk rating agency is concerned that Democrats and Republicans will not be able to agree a plan to reduce the growing US deficit.

• Monday, April 18th 2011 - 09:51 UTC

  An estimated 40% of Argentine live on less than 8 US dollars per day

  

  An estimated 16 million Argentines, (out of a population of 40 million) live on less than 800 pesos per month which is equivalent to 8 US dollars per day, according to the latest data from the official Homes Standing Poll.

• Monday, April 18th 2011 - 07:10 UTC

  China’s anti-inflation crusade raises bank reserves: fourth time in four months

  

  China raised banks' required reserves for the fourth time this year, extending the fight against excessive liquidity and stubbornly high inflation in the world's second-largest economy.

• Saturday, April 16th 2011 - 10:02 UTC

  Argentina has not replied IMF recommendations for an inflation index

  

  IMF Western Hemisphere Director Nicolás Eyzaguirre said the organization had not yet received any official communication from the Argentine government regarding IMF recommendations over its inflation index.

• Saturday, April 16th 2011 - 09:57 UTC

  IMF chief warns on the dangerous cocktail of unemployment and inequality

  

  Economic stability depends on a strong middle class that can propel demand. We will not see this if growth does not lead to decent jobs, or if growth rewards the favoured few over the marginalized many.

• Saturday, April 16th 2011 - 09:43 UTC

  US short term inflation under control, but PPI show upward trend

  

  US March retail prices rose 0.5% accumulating 2.7% in the last twelve months according to the latest report from the US Labour Department. Core consumer price index, which excludes volatile food and energy prices, was up only 0.1%.

• Saturday, April 16th 2011 - 02:10 UTC

  UK celebrates Sunday Malbec World Day, Argentina’s flagship grape variety

  

  Wines of Argentina are gearing up for its first ever Malbec World Day, a global celebration of Argentina’s ‘hero’ grape variety, according to worldwide drinks industry news Harpers Wine & Spirit.

• Saturday, April 16th 2011 - 02:00 UTC

  Canadian company will develop gold mine project in Argentine Patagonia

  

  Argentina's Planning Ministry said Thursday that Canadian mining company Goldcorp Inc. (GG) will invest 850 million US dollars to put into production its Cerro Negro gold project in Santa Cruz Province.

• Saturday, April 16th 2011 - 00:22 UTC

  Brazil 2012 budget estimates: primary surplus 3.1% of GDP, dollar at 1.76 Real

  

  Brazil is aiming for a primary budget surplus of 3.1% of GDP in 2012 as the government tries to put its public accounts back into better shape. Brazil’s economy is expected to grow 5.0% in 2012, compared to a 4.5% growth forecast for this year, according to an outline of the 2012 budget released Friday.