Economy

• Monday, November 1st 2010 - 00:41 UTC

  Argentina’s business sector does not expect major changes in economic policy

  

  Argentina’s business sector does not expect major changes in the country’s current economic course following the death of former president Nestor Kirchner who was considered the man behind the scenes steering the main policy decisions.

• Saturday, October 30th 2010 - 18:57 UTC

  Peru proposes South American Pacific countries free movement zone

  

  Peruvian President Alan Garcia is proposing to Chilean President Sebastian Piñera a zone for free movement of goods, people and capital, a zone that would include Colombia, Panama, Ecuador, Peru and Chile.

• Saturday, October 30th 2010 - 05:15 UTC

  Iran “partner” in the industrialization of Bolivia’s lithium reserves

  

  Bolivian President Evo Morales announced this week that Iran will “partner” in the development and manufacturing of the country’s lithium reserves, an association which had also shown interest from industry groups and governments of other countries.

• Saturday, October 30th 2010 - 05:13 UTC

  US economy growing again but not enough to quell frustration about jobs

  

  The United States economy is growing but not enough to help with jobs. The US Commerce Department says GDP grew 2%, at an annual rate, between July and September - a slight increase from the previous quarter.

• Friday, October 29th 2010 - 04:06 UTC

  Argentine bonds post big gains and stocks hit new record

  

  Argentine bonds posted big gains and stocks hit a new record high Thursday as markets anticipated a more business-friendly environment following the death of former president Nestor Kirchner.

• Thursday, October 28th 2010 - 05:54 UTC

  Argentine shares and bonds reacted positively to death of Kirchner

  

  Argentine shares and bonds rose on Wednesday after the death of political heavyweight and former President Nestor Kirchner removed from the 2011 election campaign a contender seen as unfriendly to markets.

• Thursday, October 28th 2010 - 05:29 UTC

  Petrobras confirms light oil at deepwater exploration well in north-east

  

  Brazilian government-controlled energy giant Petrobras said signs of oil found at in its first deepwater exploration well in the Sergipe-Alagoas Basin mark the opening of a new “exploratory frontier”.

• Tuesday, October 26th 2010 - 05:11 UTC

  Roubini forecasts “cloudy” outlook for the Argentine economy in 2011

  

  Nouriel Roubini, the New York University professor who predicted the global financial crisis, said the outlook for Argentina’s economy is “cloudy” and GDP is slated to decline in 2011 as the global slowdown may lead to fewer exports.

• Tuesday, October 26th 2010 - 04:46 UTC

  Singapore wants to merge with Sydney and create Asia’s second financial hub

  

  The Singapore stock exchange (SGX) has unveiled a multi-billion dollar bid for the company that owns the Australian Stock Exchange (ASX) in Sydney. If approved the 8.3 billion take-over would mark the first stock exchange merger in the Asia Pacific region.

• Tuesday, October 26th 2010 - 04:32 UTC

  US Treasury bonds fetch negative yield ahead of Fed’s actions to prop inflation

  

  US Treasury Department sold securities that fetched a negative yield for the first time, implying investors are willing to pay the government to own its debt. This is a milestone in the current rock-bottom interest rate environment, as the Federal Reserve is widely expected next week to announce it will buy more Treasuries to jump-start a sluggish economy.