Economy

• Thursday, October 21st 2010 - 11:06 UTC

  Chilean companies become aware of business impact on freshwater resources

  

  Some companies in Chile have recently become involved in a movement to measure the impact of businesses on freshwater resources.

• Thursday, October 21st 2010 - 07:30 UTC

  Lula da Silva promises to defend currency from further appreciation

  

  Brazil’s Lula da Silva said that the G-20 group must address the issue of the “currencies war” in direct reference to the forced depreciation by some rich countries of their currencies which negatively affects the competitiveness of its trade partners, particularly in the developing world.

• Thursday, October 21st 2010 - 07:19 UTC

  With frozen income BBC has to fund World Service and Welsh language TV

  

  The TV licence fee, which funds Britain’s BBC, is to be frozen for six years at £145.50, the Chancellor has confirmed. The BBC will also take over the cost of the Foreign Office-funded World Service, BBC Monitoring and some of the costs of Welsh language TV channel S4C.

• Thursday, October 21st 2010 - 07:11 UTC

  UK unveils biggest spending cuts in decades; half a million public jobs to go

  

  Chancellor George Osborne has unveiled the biggest UK spending cuts for decades, with welfare, councils and police budgets all hit. The pension age will rise sooner than expected, some incapacity benefits will be time limited and other money clawed back through changes to tax credits and housing benefit.

• Wednesday, October 20th 2010 - 22:58 UTC

  Argentina to declare wine “a national drink” helping promote the industry

  

  Argentina will soon declare wine “a national drink” given its growing quality production and long rooted consumption dating back to the time of the colony several centuries ago.

• Wednesday, October 20th 2010 - 22:46 UTC

  Uruguay and Switzerland sign a Double Taxation Agreement

  

  The governments of Uruguay and Switzerland agreed a Double Taxation Agreement (DTA) on October 18. The document was signed by the Uruguay’s Economy Minister, Fernando Lorenzo, and his Swiss counterpart, Hans-Rudolf Merz.

• Wednesday, October 20th 2010 - 03:14 UTC

  Strong recovery in Latin America but eye on overheating warns IMF

  

  With many Latin American and Caribbean economies recovering faster than anticipated, the challenge for policymakers is ensuring a moderation in domestic demand to avoid overheating, the IMF said.

• Wednesday, October 20th 2010 - 03:06 UTC

  US Treasury launches fourth sale of Citigroup common stock

  

  The US Treasury Department said it has launched a fourth sale of 1.5 billion shares of Citigroup Inc common stock under a prearranged trading plan.

• Wednesday, October 20th 2010 - 03:02 UTC

  Fiat plans to invest 6 billion USD by 2015 in Brazil to boost production

  

  Italy's Fiat will invest 10 billion Reais (USD 6 billion) in Brazil by 2015 in operations that include production of cars, auto parts and agricultural machinery.

• Wednesday, October 20th 2010 - 02:58 UTC

  Lehman bankruptcy proceedings expenses crossed the billion US dollars

  

  Expenses related to the bankruptcy proceedings of Lehman Brothers Holdings, whose collapse worsened the financial meltdown in 2008, has crossed the 1 billion US dollar mark.