Economy

• Friday, February 25th 2011 - 06:36 UTC

  Brazil wants global trade talks, ‘but will not make new concessions’

  

  Brazil's Foreign Affairs ministry told U.S. officials on Thursday that Brazil wants global talks at the World Trade Organization to move forward, but can't make any new concessions.

• Friday, February 25th 2011 - 06:23 UTC

  Repsol-YPF doubles profits; targets Brazil’s new fields instead of Argentina

  

  Repsol-YPF, Spain’s biggest oil company, said fourth-quarter profit more than doubled after refining margins improved and crude prices increased. Profit adjusted to exclude inventories and one-time items climbed to 499 million Euros from 241 million Euros a year earlier, the Madrid-based company said on Thursday.

• Friday, February 25th 2011 - 06:20 UTC

  Record profits for world’s largest iron ore producer on China’s insatiable demand

  

  Brazilian mining giant and the world’s largest iron- ore producer Vale SA said its fourth-quarter profit almost quadrupled, because of surging prices for the raw material used to make steel.

• Friday, February 25th 2011 - 03:48 UTC

  Spain ‘closely following’ fishing companies difficulties in port of Montevideo

  

  The Spanish embassy is closely following the difficulties faced by Spanish fishing companies in the port of Montevideo, some of which have decided to stop operating in Uruguay.

• Friday, February 25th 2011 - 01:52 UTC

  Seven Latam countries on track to have credit ratings upgraded

  

  Seven countries in Latin America are on track to have their ratings upgraded in the short term, as the region's credit cycle remains supported by healthy economic growth and greater policy stability, Fitch Ratings said on Thursday.

• Friday, February 25th 2011 - 01:04 UTC

  India pledges greater economic cooperation and trade with Uruguay

  

  India pledged on Thursday greater economic cooperation with Uruguay in sectors such as agriculture, pharmaceuticals, textiles, automobiles, machineries and IT. In 2009-10, bilateral trade stood at 64.3 million US dollars.

• Thursday, February 24th 2011 - 18:31 UTC

  Falklands welcomes Chilean port fees decision

  

  THE decision by Chile to reduce the costs of port access and docking operations was welcomed by the Falkland Islands Tourist Board today.

• Thursday, February 24th 2011 - 16:40 UTC

  Quake’s knock to NZ economy estimated in 9 to 12 billion US dollars

  

  The Prime Minister of New Zealand, John Key, says emergency teams in Christchurch are now focusing on recovering bodies, rather than finding survivors of the earthquake.
  He has confirmed that 98 people are known to have been killed in the recent earthquake, and more than 200 others are still missing.

• Thursday, February 24th 2011 - 07:44 UTC

  Boudou announces strong increase in government tax revenue and surplus

  

  Argentina’s primary surplus rose 103.7% and reached 2.1 billion Pesos (522 million US dollars) during January year-on-year, according to Economy Minister Amado Boudou. Tax revenue in January set a new record of 40.7 billion Pesos due to booming economic growth and rising inflation.

• Thursday, February 24th 2011 - 07:38 UTC

  Spanish fishing vessels abandon Montevideo because of costly labour demands

  

  Fifteen Spanish flagged fishing vessels will no longer operate in Montevideo because labour claims disputes with crew members can include vessel seizures or significant collateral deposits demands by the Uruguayan justice before they can return to sea.