Economy

• Monday, February 7th 2011 - 20:46 UTC

  AOL pays 315 million for online newspaper The Huffington Post

  

  Former internet media giant AOL is buying the online newspaper The Huffington Post for 315 million US dollars in a bid to regain its position as a leading producer of web content, the companies announced Monday.

• Monday, February 7th 2011 - 20:41 UTC

  Argentina conditions luxury car imports to deals with Mercosur auto-parts industry

  

  Argentina has stopped the import of high-class luxury cars and redoubled efforts to convince companies with no assembly plants in Mercosur to reduce imports and reach export agreements with Argentine auto parts industry.

• Monday, February 7th 2011 - 14:01 UTC

  Chilean wine exports recover in 2010 and reach 1.5 billion US dollars

  

  Last year was a great year for Chilean wine exports. Despite the drop in wine exports that followed the 2008 financial crisis, in 2010 the wine industry reported sales of 1.5 billion US dollars, a 12.4% increase over 2009.

• Sunday, February 6th 2011 - 21:02 UTC

  Geithner visits Brazil to discuss economic and financial cooperation

  

  United States Treasury Secretary Tim Geithner will visit Monday Brazil to discuss economic cooperation. Geithner is scheduled to return on the same day.

• Sunday, February 6th 2011 - 20:38 UTC

  Inflation, an old scourge, plagues Argentina again, says NY Times

  

  Argentina is in the midst of a consumption boom, but inflation that old Argentine plague, has once again fully surfaced, writes the New York Times Alexi Barrionuevo from Buenos Aires.

• Sunday, February 6th 2011 - 20:24 UTC

  Inflation in Uruguay picking up pushed by health and food prices

  

  Uruguay’s consumer prices rose in January at the fastest pace since 2008, led by higher health, food and beverages costs, according to the latest report from the National Institute of Statistics, INE.

• Sunday, February 6th 2011 - 13:39 UTC

  IMF urges Uruguay to temper domestic demand and secure a “soft economic landing”

  

  The International Monetary Fund urged Uruguay to focus policies on securing “a soft economic landing” amid a surge in capital inflows to emerging economies and higher commodity prices.

• Saturday, February 5th 2011 - 03:45 UTC

  China’s appetite for luxury goods fuels record sales and profits for Louis Vuitton

  

  China's appetite for luxury goods fuelled a record year for sales and profits at world industry No. 1 LVMH, (Louis Vuitton) prompting boss Bernard Arnault to say the market had entered a “new growth cycle”.

• Friday, February 4th 2011 - 23:13 UTC

  Paraguay recovers full status of free of foot and mouth disease with vaccination

  

  Paraguay recovered full status of “country free of foot and mouth disease with vaccination” following the World Organization for Animal Health (OIE) decision to lift the “high vigilance zone” over 1.2 million cattle.

• Friday, February 4th 2011 - 22:28 UTC

  Brazil preparing package to counter surging imports rapidly eroding trade surplus

  

  Brazil’s trade surplus fell more than economists expected in January from a month earlier as exports declined at a faster pace than imports. The surplus narrowed to 424 million USD last month from 5.37 billion in December, said the Trade Ministry.