Economy

• Wednesday, November 10th 2010 - 05:57 UTC

  Latin America’s second largest bourse by market value is launched in Peru

  

  The main securities exchanges in Chile, Colombia and Peru plan to begin trialling cross-border stock trading in an arrangement that may lead to the creation of Latin America’s second-largest bourse by market value.

• Wednesday, November 10th 2010 - 05:36 UTC

  EU fines eleven airlines 800 millon Euros for a global cargo cartel

  

  Europe's competition watchdog hit 11 airlines with nearly 800 million Euros in fines Tuesday for running a global cargo cartel that included Air France-KLM, British Airways and Japan Airlines.

• Wednesday, November 10th 2010 - 05:33 UTC

  Contrary to expectations China’s October trade surplus soars to 27.2 billion

  

  As world leaders prepare to debate international trade imbalances this week, China announced Wednesday that its trade surplus surged last month to a staggering 27.2 billion US dollars, a 61% increase over the 16.9 billion surplus in September.

• Wednesday, November 10th 2010 - 05:28 UTC

  China resists becoming the locomotive for the world economy, says IMF

  

  China is resisting pressure to become a locomotive to pull the floundering US economy out of its hole, notably by stubbornly pegging its Yuan to the dollar, a senior IMF official said on Tuesday.

• Wednesday, November 10th 2010 - 02:23 UTC

  Uruguayan lamb and mutton exports fall 40% in ten months of 2010

  

  Uruguayan lamb and mutton exports during the first 10 months of 2010 fell 40% to 11,628 tons compared with the same period in 2009, while average export prices increased 50% to US$4,766/ton as a result of strong demand.

• Wednesday, November 10th 2010 - 01:53 UTC

  World area under vines and wine production down expect for Argentina

  

  The world area under vines and vitivinicultural production continued in 2010 its downward trend with the exception of Argentina and Chile according to the International Organization of Wine and Vine, OIV

• Tuesday, November 9th 2010 - 18:36 UTC

  Uruguay’s leading banker calls for prudence, austerity and less triumphalism

  

  In spite of Uruguay’s good macroeconomic performance there are weak points and a productivity shock, fiscal austerity plus regional coordination to address external surprises should be considered, said Enrique Iglesias, economist, former banker and currently Ibero-America Secretary General.

• Tuesday, November 9th 2010 - 12:43 UTC

  Gold soars to new record; up 7% in the last week, 29% in 2010

  

  The price of gold has hit another record high as investors worry about inflation and Europe's budget troubles. Tuesday morning it was trading at $1,421 an ounce.

• Tuesday, November 9th 2010 - 04:17 UTC

  Diverging growth rates in rich countries according to OECD report

  

  Growth rates in the world's developed economies are set to diverge, the OECD said, with the recovery losing steam in France, Brazil, Canada, China, Italy and Britain, but picking up pace in Germany, Japan and the United States.

• Tuesday, November 9th 2010 - 02:23 UTC

  EU-Mercosur trade talks: Scottish farmers present five main objections

  

  Scottish farmers have openly expressed their opposition to the ongoing trade talks between the European Union and Mercosur demanding guarantees on human health, animal health and food safety before any additional access for imported products from the South American block is agreed.