Economy

Tuesday, March 30th 2010 - 04:46 UTC
Argentine dockworkers strike expands; 5.000 trucks waiting to unload

Argentine dockworkers expanded the strike to eight terminals, mainly in the Greater Rosario port area, the heart of the country’s soy bean belt, demanding higher pay and improved working conditions. The conflict comes when Argentina, the world’s third exporter of the oil seed prepares to ship the latest crop.
Tuesday, March 30th 2010 - 04:34 UTC
Rio Tinto executives sentenced to lengthy jail terms for bribery by Chinese court

Four Rio Tinto executives have been found guilty of bribery and stealing secrets by a Chinese court and have all been handed lengthy jail terms. Australian Stern Hu was handed a 10-year sentence. Wang Yong was given 14 years, Liu Caikui seven years and Ge Minqiang eight years.
Tuesday, March 30th 2010 - 04:31 UTC
Lula da Silva unveils massive four year infrastructure program

Brazilian President Luiz Inacio Lula da Silva announced Monday an 886 billion US dollars infrastructure investment plan that would be carried out by his chosen successor, Cabinet Chief Dilma Rousseff, should she win the October presidential election.
Tuesday, March 30th 2010 - 04:23 UTC
Relief in European Union: Greece manages to take 5 billion Euros in 7 year bonds

Greece on Monday took five billion Euros with a seven-year bond just days after being given a lifeline by the European Union to help resolve its unprecedented debt crisis but analysts noted timid demand for the offer.
Tuesday, March 30th 2010 - 04:21 UTC
US Treasury planning to sell 27% stake in Citigroup during 2010

Citigroup Inc.’s largest shareholder, the US Treasury Department, is planning to sell its 27% stake this year in what could become the biggest profit for the bank-bailout program.
Tuesday, March 30th 2010 - 04:17 UTC
Latest strike by cabin crew cost British Airways £ 5 million a day

British Airways has said that the latest strike by cabin crew has cost them £5.5m-a-day - down from £7m for the first walkout. The airline claims it carried 118,575 passengers in total over Saturday and Sunday compared to 86,262 the last weekend.
Monday, March 29th 2010 - 04:25 UTC
China takes the lead position as the world’s main exporter

The World Trade Organization confirmed China's top position in the global markets saying it had now overtaken Germany as the world's top exporter. The United States comes in third on the list behind Germany.
Monday, March 29th 2010 - 04:19 UTC
Chinese firm buys Volvo from Ford for 1.8 billion USD

A Chinese firm has sealed a 1.8 billion USD deal to buy Volvo, the troubled US-owned Swedish car maker, ending more than a decade of ownership by Ford Motors.
Monday, March 29th 2010 - 04:16 UTC
Mujica meets Lula da Silva to consider bilateral and regional integration

Increasing trade, bilateral and regional integration dominate Monday’s agenda for the meeting in Brasilia between President Lula da Silva and Uruguayan leader Jose Mujica.
Saturday, March 27th 2010 - 06:38 UTC
Gap between rich and poor in Latinamerica is largest in the world, says UN

The gap between the rich and poor in Latinamerica has not ceased to increase in the last decades and currently 20% of the wealthiest hold 56.9% of resources, while the region’s main cities host 127 million people, according to the latest report from United Nations-Habitat.