Economy

• Monday, November 15th 2010 - 08:27 UTC

  Rousseff’s Brazil expected to restrain public spending and lower interest rates

  

  Brazilian President-elect Dilma Rousseff efforts to restrain public spending will allow the central bank to cut the benchmark interest rate next year, Finance Minister Guido Mantega said.

• Monday, November 15th 2010 - 08:19 UTC

  EU ministers and Ireland discussing possible (80 billion Euro) bailout

  

  Ireland is in talks with European officials about current “market conditions” as Germany pushes it to accept a bailout and help reverse a bond sell-off across the euro-region’s periphery.

• Monday, November 15th 2010 - 08:17 UTC

  APEC summit in Japan calls for regional free-trade zone, but gives no details

  

  Leaders of the 21-member Asia-Pacific Co-operation (Apec) forum have pledged to move towards creating a regional free-trade area. The agreement was announced at the end of a two-day summit in Yokohama, Japan.

• Monday, November 15th 2010 - 08:11 UTC

  Business concern in Argentina with inflation trend: “double the official figure”

  

  Argentine businessmen from different sectors showed their concern about the upward trend of the inflation and assured that “the real volume doubles the one reported by the Indec national statistics bureau.”

• Friday, November 12th 2010 - 18:10 UTC

  Canadian bank interested in setting foot in Uruguay

  

  Nova Scotia bank is close to buying Advent International Corp.’s 54% stake in Uruguay’s Nuevo Banco Comercial, Business News Americas reported on its website.

• Friday, November 12th 2010 - 18:01 UTC

  Europe ratifies support for Ireland’s budget policy and sovereign debt

  

  Irish Finance minister Brian Lenihan has welcomed a statement of support over Ireland's debts from Germany, Britain, France, Italy and Spain. The five countries attending the G20 summit in South Korea said that bondholders would not be forced to share the pain of the current debt crisis.

• Friday, November 12th 2010 - 17:29 UTC

  G20 agrees on “indicative guidelines” for imbalances and hopes for the best

  

  Leaders of the Group of 20 (G20) member nations meeting in Korea reached a vague compromise Friday on currency and trade issues, calling for a workable resolution for the next G20 summit in France, slated for November next year.

• 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%.