Economy

• 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.

• 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.