Economy

• Friday, September 3rd 2010 - 05:20 UTC

  Peru and Xstrata sign 4.2 billion USD deal to develop copper mine

  

  Switzerland's Xstrata mining group and the Peruvian government Thursday signed a 4.2-billion-dollar deal to develop a copper mine in the southeastern Peru of the country, said President Alan Garcia.

• Friday, September 3rd 2010 - 05:18 UTC

  Uruguayan exports in eight months reach 4.4 billion US dollars

  

  Uruguayan exports in the first eight months of 2010 reached 4.475 billion US dollars which is 22% higher than the same period of last year, according to official data released this week.

• Friday, September 3rd 2010 - 05:14 UTC

  Manufacturing growth data from the US and China helps boost markets

  

  Manufacturing growth in the US and China improved in August, helping to boost global stock markets. The US sector expanded for its 13th straight month in August, according to the Institute for Supply Management.

• Friday, September 3rd 2010 - 03:30 UTC

  Wheat climbs as Russia extends ban on exports until next year’s crop

  

  Wheat climbed after Russia, the third-largest grower last year, extended a ban on exports into next year following a drought destroyed crops, tightening global supplies. The United Nations’ Food and Agriculture Organization called a special meeting to address the global grains situation.

• Thursday, September 2nd 2010 - 21:21 UTC

  The 29 dollars ten pound “burger” that brings family and friends together

  

  The biggest hamburger in the Caribbean, a ten pound (4.5 kilos) family burger, is prepared and served with a secret sauce in Puerto Rico and for the very tempting price of 29 US dollars.

• Thursday, September 2nd 2010 - 21:08 UTC

  Argentina calls on Mercosur to become world’s main agro-food business region

  

  Argentine president Cristina Kirchner called on Mercosur partners to convert the group into the world’s leading agro-food business region and to put an end to asymmetries.

• Thursday, September 2nd 2010 - 07:21 UTC

  Brazilian central bank keeps benchmark interest rate on hold at 10.75%

  

  Brazil's central bank held on Wednesday its benchmark interest rate at 10.75%, ending a monetary tightening cycle that helped cool the economy as the country prepares for October 3 presidential election.

• Thursday, September 2nd 2010 - 07:19 UTC

  Korea and Peru conclude free trade agreement effective next year

  

  Korea and Peru concluded in Lima negotiations for a free trade agreement (FTA), which is expected to go into effect midway through next year once it is approved by the parliaments of the two countries.

• Thursday, September 2nd 2010 - 07:10 UTC

  Brazil announces major iron deposit discovery in Matto Grosso

  

  Brazil's Mato Grosso state government announced Wednesday it had registered a major mineral deposit discovery with an estimated 11.5 billion tons of iron ore of a 41% Fe grade plus another 428 million tons of phosphates.

• Thursday, September 2nd 2010 - 07:06 UTC

  Australia confirms it’s a world wine power and agrees labelling with the EU

  

  A new labelling deal with Australia may make Europe's winemakers feel more than a little light-headed as imitations will no longer be sold with names like champagne and sherry.