Economy

• Tuesday, October 26th 2010 - 02:32 UTC

  Iglesias praises agreement to giver emerging economies greater say in IMF

  

  Enrique Iglesias, Ibero-America secretary general praised the G-20 decision to reform the IMF giving greater representation to the emerging economies but warned that the so called “currencies war” threatens to trigger a dangerous bout of protectionism at world level.

• Monday, October 25th 2010 - 21:45 UTC

  Qatar interested in buying Christie’s to help with kingdom’s museum collection

  

  Qatar, the wealthy Gulf Arab state whose foreign assets include London property and investments in Volkswagen, may buy Christie's auction house to bolster its cultural credentials, the Financial Times said.

• Monday, October 25th 2010 - 21:28 UTC

  Brazil’s current account deficit at an annual record boosted by the strong Real

  

  Brazil’s 12-month current account gap widened to a record high in September as domestic demand and the Real appreciation boosted spending on imports.

• Monday, October 25th 2010 - 21:23 UTC

  Malnutrition kills 206 children in six months in Argentine province

  

  A total of 206 children have died this year of malnutrition in the northern Argentina province of Misiones (bordering with Paraguay and Brazil), revealed Monday Governor Maurice Closs.

• Monday, October 25th 2010 - 03:49 UTC

  Petrobras Confirms Tupi Field Could Hold 8 Billion Barrels

  

  Brazilian state-controlled energy giant Petrobras said Friday that the drilling of a new exploratory well at the offshore Tupi field confirms potential recoverable reserves of between 5-8 billion barrels of oil equivalent.

• Monday, October 25th 2010 - 03:28 UTC

  PM Cameron: Cuts Are Right And Hit Rich Hardest

  

  David Cameron has again defended his Government's spending cuts, insisting they are “fair” with society's richest shouldering the greatest burden.

• Monday, October 25th 2010 - 02:55 UTC

  US says China is “committed” to allow the Yuan to appreciate

  

  United States Treasury Secretary Timothy Geithner has said he believes China is now “committed” to allowing the Yuan to go up in value. Mr Geithner made the comment in a TV interview before he held talks with China's Vice-Premier, Wang Qishan.

• Sunday, October 24th 2010 - 02:36 UTC

  Rum sales overtake pisco in Chile. Beer tops the list of beverages

  

  For the first time, Chilean household purchases and supermarket sales of rum have surpassed those of pisco, according to Nielsen Chile data.

• Sunday, October 24th 2010 - 02:00 UTC

  G20 agrees review of IMF: Europe looses influence to developing countries

  

  The Group of 20 (G20) nations reached in Korea a dramatic deal on Saturday as China, the United States agree to avoid “currency war” and to refrain from having too much trade surplus or deficit.

• Saturday, October 23rd 2010 - 04:38 UTC

  Latam shoe industry calls for “united front” against China’s disloyal practices

  

  Latin America’s foot-wear industry are proposing a “united front” against what they describe as “disloyal trade practices” from China, as part of the Asian giant’s foreign trade policies.