Economy

• Friday, November 12th 2010 - 15:43 UTC

  Inflation or no inflation: that is the question for the Argentine government

  

  Fissures inside the Argentine cabinet are surfacing and refer to one of the most irritating issues for the administration of President Cristina Fernandez de Kirchner: inflation or no inflation.

• Friday, November 12th 2010 - 13:52 UTC

  As Argentine farming recovers machinery sales soar

  

  Sales of farm machinery in Argentina soared 73% totalling 7.074 units, in the third quarter compared to the same period a year ago and 33.6% over the previous quarter according to the latest release from the Statistics and Census Office, Indec.

• Friday, November 12th 2010 - 13:44 UTC

  Peruvian economy steaming ahead at 8%; top of the list in the region for business

  

  Finance Minister Ismael Benavides said Peru's economy should grow between 8% and 8.5% this year, with inflation ending the year from 2.2% to 2.5%. The Peruvian Central Bank latest forecast was annual growth of 7.5% to 8%.

• Friday, November 12th 2010 - 05:10 UTC

  G-20 drafts a “standstill” compromise declaration to avoid protectionism

  

  Leaders of the Group of 20 (G20) member nations meeting in Korea are expected to reach a compromise Friday on trade and currency issues that have so far marred the spirit of the global gathering, in a bid to make headway in the G20 process and keep the two-year-old global policy forum afloat.

• Friday, November 12th 2010 - 00:50 UTC

  Deepest austerity measures in decades stall Spanish economy recovery

  

  Spain’s economy stalled in the third quarter as the deepest austerity measures in three decades, aimed at taming the Euro region’s third-biggest budget deficit, undermined the recovery from an almost two-year recession.

• Friday, November 12th 2010 - 00:34 UTC

  China’s inflation peaks 4.4% in October pushed by food prices and tight supplies

  

  China's consumer price index (CPI), a major gauge of inflation, reached its 2010 peak in October but the tendency is likely to slow down over the rest of the year, a report from the Bank of Communications forecast on Thursday.

• Thursday, November 11th 2010 - 22:04 UTC

  Latin American leaders at G-20 call for responsibility from rich countries

  

  Leaders from Brazil, Mexico and Argentina in the framework of the G-20 summit in Korea called on rich countries for a commitment to end the “currencies war” and ensure balanced growth out of the current crisis.

• Thursday, November 11th 2010 - 06:16 UTC

  “The dollar strength rests on the fundamental strength of the US economy”

  

  Following is a text of a letter from President Barack Obama to G20 leaders due to meet in Seoul from tomorrow. The letter was sent on Tuesday.

• Thursday, November 11th 2010 - 06:15 UTC

  Obama arrives in Seoul but a G-20 summit consensus still out of reach

  

  President Barack Obama tried to swing the G20 spotlight back onto global imbalances and take his own country's policies out of the glare as world leaders gathered in Seoul.

• Thursday, November 11th 2010 - 06:07 UTC

  India set to become second largest copper consumer by 2020

  

  COCHILCO, Chile’s copper commission, estimates that by the end of this decade, India’s demand for copper will rise from the current figure of 610,000 tons to between 2.4 million and 3.6 million tons annually.