Economy

• Wednesday, April 7th 2010 - 21:12 UTC

  Uribe said WEF in Cartagena confirms success of “democratic security” policy

  

  The significant and numerous attendances to the World Economic Forum, Latin American chapter, taking place in Cartagena, Colombia, shows that “the Democratic Security policy has gained back confidence in Colombia” said Colombian President Álvaro Uribe during a radio interview.

• Wednesday, April 7th 2010 - 21:05 UTC

  Chilean fisheries exports and domestic sales down 46% in first quarter

  

  Fishing production in Chile’s central south BioBio region (Region VIII) is still reeling in the aftermath of the Feb. 27 earthquake and tsunami.

• Wednesday, April 7th 2010 - 20:56 UTC

  World Economic Forum on Latin America demonstrates confidence in Colombia

  

  Colombian Trade Minister Luis Guillermo Plata said that the World Economic Forum on Latin America (WEF), which was inaugurated by President Alvaro Uribe in the coastal city of Cartagena, demonstrates “confidence” in Colombia as an investment destination.

• Wednesday, April 7th 2010 - 02:38 UTC

  Confirmation of Brazilian Central banker boosts currency and confidence

  

  The Brazilian currency rose to a three-week high as central bank President Henrique Meirelles’s decision to stay in his post bolstered investor confidence in the country. The Real was trading in the range of 1.75/1.76 to the US dollar, its strongest level since March 12.

• Wednesday, April 7th 2010 - 02:13 UTC

  Daimler Benz admits having bribed government officials from 22 countries

  

  German carmaker Daimler has pleaded guilty to corruption in the US and will pay 185 million US dollars to settle the case. The charges relate to US Justice Department and Securities and Exchange Commission investigations into the company's global sales practices.

• Wednesday, April 7th 2010 - 01:03 UTC

  Energy, trade and cooperation in Mujica/Chavez agenda

  

  Energy, trade and bilateral cooperation are the main issues of the agenda that Uruguayan president Jose Mujica will address with his Venezuelan peer Hugo Chavez on Wednesday in Caracas.

• Wednesday, April 7th 2010 - 00:53 UTC

  British top earners begin paying 50p in income tax for each pound over £ 150.000

  

  British top earners will pay 50p in income tax on each pound of their salary over £150,000 from Tuesday April 6, the start of the new financial year. Previously, the highest rate of income tax payable was 40p on every pound for earnings above £37,400.

• Wednesday, April 7th 2010 - 00:12 UTC

  Bolivia plans to launch new coca leaf energy drink, “Coca Colla”

  

  The Bolivian government plans to help market the nation’s coca plant crops in products such as energy drinks, tea, toothpaste and flour.

• Tuesday, April 6th 2010 - 02:42 UTC

  Argentina began servicing public debt using Central bank reserves

  

  Argentina began servicing public debt using Central Bank reserves after making its first payment Monday, according to sources from the Economy Ministry.

• Monday, April 5th 2010 - 23:57 UTC

  Oil prices reach an 18-month high following on US encouraging data

  

  Oil prices have reached an 18-month high as analysts predict the recovery of the US economy and a rising demand for fuel. Crude oil for May delivery hit a high of 85.89 USD a barrel at one point in New York trading - the dearest since the peak of the financial crisis in October 2008.