Economy

• Tuesday, May 18th 2010 - 04:43 UTC

  Brazil is “well prepared” for possible Euro debt crisis spill over

  

  Brazil is well prepared for any negative spillover effects from the EU debt and Euro crisis, although things “could be worse”, according to Brazilian Central Bank president Henrique Meirelles currently in New York.

• Tuesday, May 18th 2010 - 04:33 UTC

  Athens looking into US investment banks role in current Greek debt crisis

  

  Greece is investigating US investment banks and their role in the run-up to the Greek debt crisis which has shaken faith in Euro zone economies, Prime Minister George Papandreou said in comments broadcast.

• Tuesday, May 18th 2010 - 04:29 UTC

  Cuba scraps bureaucracy to help farmers boost food production

  

  Cuba's private farmers will in future purchase supplies directly instead of having them allocated by the state, the government said on Sunday, in the latest concession to demands for more autonomy.

• Tuesday, May 18th 2010 - 04:25 UTC

  Uruguay beef exports in first quarter total 98.300 tons and 265 million USD

  

  During the first quarter of this year Uruguay beef exports to Russia reached 25.800 tons, which is almost twice more than during the same period of last year.

• Tuesday, May 18th 2010 - 04:20 UTC

  Argentine private sector recommends close monitoring of Brazilian indicators

  

  According to Argentina’s Finance Executives' Institute (IAEF) May report the country’s economy experienced an expansive boost during this year's first four months, thus somehow dodging the European and Euro crisis triggered by the Greek situation which could extend to the so called PIGS (Portugal, Ireland, Greece and Spain).

• Tuesday, May 18th 2010 - 01:02 UTC

  EU 27 and Latam/Caribbean 33 trade reached 140 billion Euros in 2009

  

  Between 2000 and 2009, the European Union 27 exports of goods to the 33 Latin American and Caribbean (LAC) countries grew more slowly than imports: exports rose from 59 billion Euro to 66 billion, while imports increased from 54 billion to 74 billion, according to a Europa press release on the eve of the Madrid summit.

• Monday, May 17th 2010 - 05:11 UTC

  Chavez trying to prevent speculation with US dollars

  

  Venezuelan President Hugo Chavez signed Sunday a currency law passed by the National Assembly this week that seeks to stem a decline in the local currency Bolívar, according to a broadcast on state television.

• Monday, May 17th 2010 - 01:46 UTC

  Europe living “truly dramatic times”, the most difficult since WWI, says Trichet

  

  European Central Bank President Jean-Claude Trichet called for more effective sanctions against countries violating the region’s Stability and Growth Pact and said the ECB acted independently when it bought government bonds, Spiegel magazine reported, citing an interview.

• Saturday, May 15th 2010 - 04:49 UTC

  World Stock Markets Plunge and Euro Falls to 18-Month Low

  

  World stock markets plunge Friday and the Euro hit an 18-month low against the dollar, on growing fears that the austerity packages unveiled across Europe could tip the continent back into recession and stifle global economic recovery.

• Saturday, May 15th 2010 - 04:39 UTC

  Volcker Fears Potential Disintegration of the Euro, Without Common Fiscal Policy

  

  Former Federal Reserve chairman and advisor of the Obama administration is concerned that the Euro area may break up after the Greek fiscal crisis that sparked an unprecedented bailout by the region’s members.