Economy

Wednesday, September 8th 2010 - 01:51 UTC
US “run out of bullets” to stimulate the economy, says Roubini

Influential market commentator and New York University Professor Nouriel Roubini believes the US has ‘run out of bullets’ in its efforts to stimulate the economy and expects it to drag the global economy back into recession.
Wednesday, September 8th 2010 - 00:38 UTC
Ten years to recover Argentina’s cattle herd, if current policies are changed

Recovering Argentina’s herd to 2007 levels will require at least ten years even if current policies, which have caused its downfall, are drastically changed, according to a report from the Catholic University of Argentina released last month.
Tuesday, September 7th 2010 - 08:08 UTC
Reclaiming Investment Grade, key priority of the Uruguayan government

Uruguay is resolutely on its way to reclaim the investment grade status it lost in 2002 according to Franco Uccelli an analyst with JP Morgan Chase. Uccelli says that growth continues to outperform expectations; infrastructure projects are set to take centre stage; fiscal consolidation is firmly underway; the public debt burden is poised to decline and no international bond issuance is planned for 2010. Fundamental support for the currency remains intact and a return to Investment Grade has become a key priority for the government.
Tuesday, September 7th 2010 - 05:52 UTC
Uruguay announces re-purchase of 500 million USD of sovereign debt

The Uruguayan government announced that it authorized the repurchase of 500 million US dollars of sovereign debt with the purpose of optimizing its composition and the maturing timetable.
Tuesday, September 7th 2010 - 05:50 UTC
S&P raises Uruguay’s long term credit ratings to BB from BB-

Standard & Poor's Ratings Services raised its long-term foreign and local currency sovereign credit ratings on Uruguay to BB from BB- with a stable outlook thanks to the country's track record of sustained economic growth.
Tuesday, September 7th 2010 - 05:42 UTC
Analysts and government forecast Brazilian economy set to expand 7.3% in 2010

Analysts covering Brazil’s economy raised their forecast for GDP growth this year to 7.34%, according to a central bank survey. Economists held their 2011 economic growth forecast unchanged at 4.5%, according to the median estimate in a survey of 100 analysts taken September 3 and published Monday.
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.