Economy

Tuesday, June 1st 2010 - 02:52 UTC
Argentina extends bond restructuring on request from Italian creditors

Argentina is extending its 18.3 billion US dollars bond restructuring at the request of Italian creditors and the country’s financial regulator, Economy Minister Amado Boudou said on Monday.
Tuesday, June 1st 2010 - 02:44 UTC
IDB plans to lend 10 billion USD in 2010

The Inter American Development Bank, IDB, is ready to disburse 10 billion US dollars in loans to Latinamerica during fiscal 2010, said the bank’s president Luis Moreno.
Tuesday, June 1st 2010 - 02:40 UTC
China warns of a double-dip recession because of European sovereign debt

China warned that Europe's struggle to contain soaring debt posed a risk to global economic growth, raising the spectre of a double-dip recession.
Tuesday, June 1st 2010 - 01:39 UTC
Latinamerica exposed to European slowdown, but not Brazil, forecast experts

The United Nations Economic Committee for Latinamerica and the Caribbean, Cepal, anticipates that growth in the region will be less than in previous years because of the economic downturn in developed countries but the tendency should not influence Brazil, the region’s largest economy.
Monday, May 31st 2010 - 04:20 UTC
European weakened governments must address this week tough decisions

Budget Minister Francois Baroin indicated on Sunday that France should not take for granted its AAA rating, which allows Paris to borrow relatively cheaply on international markets and finance its big budget deficit.
Monday, May 31st 2010 - 04:04 UTC
Experts warn Europe’s ‘austerity zeal’ could dampen anaemic recovery

Experts are warning that European governments rush to cut budget deficits with draconian austerity measures could mean a blow for Europe's tentative economic recovery.
Monday, May 31st 2010 - 01:14 UTC
Brazilian businessmen not convinced by Mrs. Kirchner’s promises

Argentine President Cristina Fernandez de Kirchner promises that ‘there weren't, nor ever will be, barriers’ blocking Brazilian imports’ was received with disbelief by the Brazilian business community.
Saturday, May 29th 2010 - 07:04 UTC
Celso Amorim remembers Argentina that “Brazil is a huge market”

Brazilian Foreign Minister Celso Amorim was the latest high ranking official to complain about the limitations applied to bilateral trade with Argentina and said it was imperative for the country to understand that “Brazil is a huge market.”
Saturday, May 29th 2010 - 05:32 UTC
Economics Nobel Prize Stiglitz favours regulation of risk rating agencies

Economics Nobel Prize Joseph Stiglitz said it was time to end with the “authority” that countries have deposited in risk assessment agencies and which “have not done things correctly” and have been an essential factor in giving “the global crisis a nice boost”.
Saturday, May 29th 2010 - 05:26 UTC
Mrs. Kirchner promises there will never be barriers to Brazilian imports

Argentine President Cristina Fernández de Kirchner assured that “there weren't, nor ever will be, barriers blocking Brazilian imports,” after holding a meeting in Rio de Janeiro with her Brazilian counterpart Lula da Silva, a gathering she classified as “more than good.”