Economy

Wednesday, October 28th 2009 - 14:22 UTC
IMF praises Argentina’s potential for growth, but …

Argentina has the potential for a faster growth, but it needs to do more, especially in policies to return to financial markets said the director of the Western Hemisphere Department of the International Monetary Fund Nicolás Eyzaguirre.
Wednesday, October 28th 2009 - 14:19 UTC
US pushing for a stronger Yuan, but China remain reluctant

The United States welcomes the rise in the Yuan's exchange rate in recent years but wants the currency to climb further, visiting Commerce Secretary Gary Locke said. However, a Chinese trade official said that despite pressure for the Yuan to appreciate, the currency would probably not see a major adjustment until the country's exports improve noticeably.
Wednesday, October 28th 2009 - 06:07 UTC
Trade disputes cast doubts on the “Argentine-Brazilian” strategic alliance

Trade obstacles imposed by Brazil against Argentine exporters in reprisal for similar measures by the Argentine government of President Cristina Fernandez de Kirchner escalated Tuesday when the Brazilian ambassador was summoned to the Argentine Foreign Affairs ministry.
Tuesday, October 27th 2009 - 12:23 UTC
Brazil planning to cut taxes to stimulate domestic consumption

Brazil is considering extending stimulus tax cuts on home appliances even as the country’s economic recovery shows signs of gaining momentum. Tax cuts helped Brazilian auto industry sales to soar.
Tuesday, October 27th 2009 - 09:18 UTC
Brazil Marfrig food company turns a profit in the third quarter

Brazilian food company Marfrig Alimentos, with strong interests in Uruguay and Argentina turned a profit in the third quarter of this year compared to a year ago, as new acquisitions boosted its capacity.
Tuesday, October 27th 2009 - 09:15 UTC
US largest commercial real-estate lender files for bankruptcy protection

Capmark Financial Group Inc., one of the largest commercial real-estate lenders in the United States announced that it had filed for bankruptcy protection. The firm said it has filed motions to allow it to continue to pay vendors and salaries, and that the move “should not impact the way Capmark does business with its customers and partners.”
Tuesday, October 27th 2009 - 07:46 UTC
China launches stock market to help finance new industries

China is launching its long-awaited Nasdaq-style stock market in the southern city of Shenzhen. Twenty eight small- and medium-sized enterprises are expected to debut on the new exchange.
Monday, October 26th 2009 - 12:45 UTC
Chilean fresh fruit exporters suing government for overcharges

In early November a Chilean court will rule on a 108 million US dollars lawsuit brought by 126 Chilean fresh fruit export companies against the nation’s Agriculture and Livestock Service (SAG) agency.
Monday, October 26th 2009 - 10:06 UTC
Revenue hungry Argentine government tightens fiscal measures

The Argentine government announced a package of fiscal control measures on Thursday, including the use of electronic bills for sales of imported goods, second-hand car sales and hotel operations.
Saturday, October 24th 2009 - 16:56 UTC
UK suffering the longest recession since records began

The UK is now in the grip of the longest recession since records began, according to gloomy official figures. Hopes for an end to the recession were scuppered as the economy shrank by a shock 0.4% between July and September - a record sixth quarter in a row of decline.