Economy

• 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.”

• Saturday, May 29th 2010 - 05:21 UTC

  Argentine minister warns Greece about the IMF “dangerous policies”

  

  On an article published Friday in the German daily “Frankfurter Allgemeine Zeitung,” Argentine Finance Secretary Hernán Lorenzino warned about the IMF “dangerous policies” like the ones proposed to help Greece leave its crisis behind.

• Saturday, May 29th 2010 - 02:59 UTC

  IMF praises management of Peruvian economy; forecasts 5 to 7% growth in 2010

  

  International Monetary Fund (IMF) praised Peru as a clear example of how to enforce the right economic policies since its GDP this year is expected to grow 5 to 7%.