Economy

Wednesday, March 2nd 2011 - 06:17 UTC
US Congress works on bill to postpone government shut-down for two weeks

The US House of Representatives has approved a measure to fund the US government for a further two weeks, avoiding a looming shut-down. The bill from the Republican-led chamber would cut government spending by 4 billion USD in that period.
Tuesday, March 1st 2011 - 18:43 UTC
Cell phones sales in Chile soared 21% in 2010 and now total 21 million

In 2010, the number of cell phones in Chile grew to over 21 million, a 21% increase. Cell phone businesses attribute this growth to the number and variety of cheap tariffs available.
Tuesday, March 1st 2011 - 18:40 UTC
Brazil’s Embrear becomes the world’s leading executive-jet manufacturer

Brazilian executive-jet maker Embraer boosted by domestic demand, became in 2010 the number one world company in sales totalling 145 units and 19% of the global market.
Tuesday, March 1st 2011 - 06:55 UTC
“Brazil has no money to buy jet fighters” in 2011 confirms top official

The Brazilian government has “no money to buy jet fighters” in 2011 confirmed Finance minister Guido Mantega in reference to the tender for the purchase of at least 36 modern aircraft and for which France, United States and Sweden are competing.
Tuesday, March 1st 2011 - 06:40 UTC
Argentina’s imports growth outpacing exports by two to one

Argentina’s January trade surplus in January confirmed the shrinking tendency increasingly present all along 2010 as imports’ growth outpaced exports by two to one.
Tuesday, March 1st 2011 - 06:20 UTC
Oil prices fall slightly Monday as Saudis confirm they are covering Libyan gap

Oil prices fell on Monday in ‘choppy’ trading as expectations that increased production from Saudi Arabia can offset supply disruptions in the region allowed investors to pause after Libya's turmoil sent prices to two and half year peaks last week.
Tuesday, March 1st 2011 - 00:07 UTC
China lowers annual economic growth target from 7.5% to 7%

China's Prime Minister Wen Jiabao says China is lowering its annual economic growth target from 7.5% to 7% and is determined to contain soaring prices. He was speaking in a question and answer session with internet users in what has become an annual online chat. Mr Wen said China needed to ensure that growth was sustainable.
Monday, February 28th 2011 - 23:55 UTC
US budget deficits the biggest long-term worry for top economists

United States government deficits are the biggest long-term worry of top U.S. economists, according to a survey released Monday. The survey of 47 top economists by the National Association of Business Economics predicted that the US federal deficit will jump to 1.4 trillion US dollars in the fiscal year ending in September.
Monday, February 28th 2011 - 09:05 UTC
Uruguay has the best business climate in Latam, says FGV and IFO

Uruguay offers the best business climate out of eleven countries from Latin America according to the latest ratings released by the Brazilian Getulio Vargas Foundation, FGV and IFO from the University of Munich in Germany.
Monday, February 28th 2011 - 06:50 UTC
Mercosur central bankers warn task ahead has become “more complicated”

Mercosur central banks’ presidents meeting in Peru last Friday agreed that the task ahead has become ‘more complicated’ because of growing inflationary pressures triggered by soaring food and oil prices.