Economy

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.
Monday, February 28th 2011 - 06:36 UTC
Argentina/Uruguay launch campaign to jointly organize 2030 World Cup

Uruguay and Argentina will take advantage of the coming 2011 America Cup (Copa América) to promote their joint candidacy to organize soccer’s major event: the 2030 World Cup on occasion of the centenary of the first time the tournament was played.
Monday, February 28th 2011 - 06:32 UTC
Inflation challenges Brazil; tighter monetary measures anticipated

Brazil's general price index, or IGP-M, rose 1% month-on-month in February, compared to 0.79% rise in January, the Getulio Vargas Foundation said Friday. Economists' had forecast the index to rise 1.01%.
Monday, February 28th 2011 - 01:21 UTC
Paraguay exported more beef than Argentina in 2010

Paraguay overtook Argentina as beef exporter in 2010 confirming the country’s loss of leadership in the world’s meat markets, according to reports in the Argentine and Paraguayan media.