Economy

• Friday, September 11th 2009 - 07:25 UTC

  Uruguayan businessman among Latinamerica’s hundred most powerful

  

  Uruguay’s Gabriel T. Rozman figures among Latinamerica’s hundred most powerful men and women in business according to the Latin Business Chronicle Power 100 ranking. Mr Rozman is executive vice-president for emerging markets at Tata Consulting Services, TCS, the Indian corporation that only in Latinamerica has over 6.000 staff in Latinamerica.

• Thursday, September 10th 2009 - 11:26 UTC

  UNCTAD joins the “replace the US dollar” debate

  

  The United Nations has stepped into the debate on the future of the US Dollar, mainly that it be replaced as the world's reserve currency. The idea has been floating for some time in world capitals, such as Beijing, Moscow, Tehran and Brasilia but is the first time the world organisation openly takes position.

• Thursday, September 10th 2009 - 05:05 UTC

  Argentine industrial activity in July contracts 9.5% and 8.8% in seven months

  

  With most sectors contracting industrial activity in Argentina plunged 9.5% in July compared to the same month a year ago accumulating in seven months a descent of 8.8%, according to an official report from the Argentine Industrial Union, UIA.

• Thursday, September 10th 2009 - 05:03 UTC

  Greenspan predicts another financial crisis “but different”

  

  The world will suffer another financial crisis, former Federal Reserve chief Alan Greenspan has told the BBC. “The crisis will happen again but it will be different,” he told BBC Two's The Love of Money series.

• Thursday, September 10th 2009 - 04:57 UTC

  Paraguay soy bean exports plunge 46% in eight months of 2009

  

  Paraguay soy bean exports have plummeted during the first eight months of the year according to official data released Wednesday in Asunción.

• Wednesday, September 9th 2009 - 10:41 UTC

  Chilean wheat farmers squeezed by falling prices and rising costs

  

  Just two years after wheat prices registered record highs, Chilean producers are finding themselves squeezed between rising costs and cheap imports.

• Wednesday, September 9th 2009 - 10:36 UTC

  Tories promise to end Labour’s “gravy train” and cut Parliament expenses

  

  Opposition leader David Cameron has laid down the gauntlet to PM Gordon Brown by pledging to slash pay, perks and costs at Westminster. The Tory leader outlined plans to cut the number of MPs by 10%, reduce ministerial salaries and do away with subsidised food and drink.

• Wednesday, September 9th 2009 - 10:17 UTC

  Austerity budget ahead for Britain, anticipates Chancellor Darling

  

  The Government will not flinch from the “hard choices on public spending” needed to bring Britain's national deficit back down after the country emerges from recession, Chancellor Alistair Darling has pledged.

• Wednesday, September 9th 2009 - 03:11 UTC

  Argentina could be short of funds to repay debt by next December

  

  Argentina has admitted it does have sufficient funds to cancel all its debts for the rest of the year and this could be linked to the country’s rapprochement with the International Monetary Fund.

• Wednesday, September 9th 2009 - 02:56 UTC

  S&P confirms Uruguay’s positive outlook; anticipates “smooth transition”

  

  Standard & Poor's Ratings Services said this week it expects a “smooth transition” regardless of who wins October's presidential election in Uruguay given the country’s track record of prudent economics policies. S&P also confirmed BB- sovereign credit ratings for Uruguay with the outlook “remaining stable”.