Economy

• Tuesday, September 7th 2010 - 05:17 UTC

  London alert as EU readies to approve supra-national financial regulatory agencies

  

  Europe's regulation chief has told London based companies to 'remain calm' over plans to give Brussels new powers to control their business.

• Monday, September 6th 2010 - 05:19 UTC

  Canadian company impressed by first “gold values” prospecting in Uruguay

  

  The Canadian company B2Gold announced “impressive gold values” from a systematic mechanical trenching program in the south of Uruguay where in association with a local company (Weeping Apple S.A.) it has an option to survey ten claims totalling 34.200 hectares.

• Monday, September 6th 2010 - 05:15 UTC

  IMF confident risks of further large price spikes for wheat have eased

  

  Despite a large rise in the two months to August, wheat prices remain well below levels reached during the boom in 2008 and market pricing indicates that the risks of further large price spikes have eased, says a report from the IMF.

• Monday, September 6th 2010 - 05:05 UTC

  Brazilian investment fund purchases Burger King targets Latam expansion

  

  Burger King (NYSE:BKC) announced that it has agreed to sell the company to an investment firm based out of Brazil in a deal valued at approximately 4 billion US dollars, which includes the assumption of debt.

• Monday, September 6th 2010 - 04:54 UTC

  EU agrees on three new watchdogs for the financial system

  

  European Union has reached an agreement on reforms in the financial sector with the creation of a European Systemic Risk Council and three new watchdogs covering banking, insurance and securities markets.

• Monday, September 6th 2010 - 04:26 UTC

  IMF confident world economy is recovering but warns about fiscal consolidation

  

  The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, IMF First Managing Director, John Lipsky said on Sunday.

• Saturday, September 4th 2010 - 05:36 UTC

  South Korea confirms interest in free trade talks with Mercosur

  

  South Korea, Asia’s fourth largest economy is seeking to launch bilateral trade talks with Mercosur in a move to deepen links with Latinamerica according to a report from the Yonhap news agency.

• Saturday, September 4th 2010 - 05:01 UTC

  Brazilian economy slows down but still expands at annualized 8.9%

  

  Brazil's economy grew 8.8% in the second quarter compared to the same period a year earlier due to strong domestic investment. The government statistics agency IBGE said Friday that capital spending spiked 26.5% in the April-June period compared to the same period last year.

• Saturday, September 4th 2010 - 05:00 UTC

  Argentina’s car industry booming could reach 700.000 units in 2010

  

  Argentina’s August 2010 car output reached 72,967 units, which resulted in a 52.6% rise regarding the same month of last year; sales to dealers totalled 61,599 units, or 44.8% more than in August 2009; and exports amounted to 42,526 units, representing a 45.6% year-on growth, according to the Argentine Automakers Association (ADEFA).

• Friday, September 3rd 2010 - 05:26 UTC

  Budget days: Uruguay GDP forecasted to expand 30% in five years

  

  It’s budget time in Uruguay and the government has presented to Congress its revenue and expenditure estimates (821 articles) based on a five-year forecast for the economy, which private analyst consider too rosy.