Economy

Saturday, November 29th 2008 - 20:00 UTC
Mercosur partners divided over protectionism

As was anticipated Mercosur senior members Argentina and Brazil proposed Friday an increase of the common external tariff, (AEC) for certain products, and as was expected junior members Uruguay and Paraguay rejected the idea.
Saturday, November 29th 2008 - 20:00 UTC
Unemployment up and Nov. inflation plunges in Euro zone

Unemployment in the European Union 15 nations that share the Euro shot up to 7.7% in October ? the highest level in two years ? as growth dropped sharply. Inflation on the other hand plunged to 2.1% in November as oil came down from the record prices of last July.
Saturday, November 29th 2008 - 20:00 UTC
Lan confident it can cope the coming air industry turbulence

LAN Chile is reviewing its investment plans given the expected deceleration in world air traffic next year, although the company remains particularly strong and resilient to outside turbulences, according to Enrique Cueto, executive vice-president of Chile's flan carrier.
Friday, November 28th 2008 - 20:00 UTC
UK Treasury becoming main private banker

British taxpayers will take a 57.9% stake in Royal Bank of Scotland after investors snubbed its £15 billion share offer, the bank said on Friday. RBS existing shareholders refused to buy the new stock because the bank's shares were trading below the 65.5p offer price announced in October.
Friday, November 28th 2008 - 20:00 UTC
Spain launches stimulus plan to create 300.000 jobs

Spain has launched an 11 billion Euro plan aimed at boosting the economy and creating 300,000 jobs. The plan, which represents 1.1% of Spain's GDP is part of the European Union's 200 billion Euro stimulus announced on Wednesday.
Thursday, November 27th 2008 - 20:00 UTC
China admits concern with unemployment and social unrest

The slowdown of China's economy is gathering force as the global financial crisis spreads, anticipating rising unemployment and social unrest, admitted the country's top planner. The non written understanding of Chinese communist party supremacy in exchange for sustained growth has begun to sputter.
Thursday, November 27th 2008 - 20:00 UTC
Cuba, Argentina, Peru, main Latam debtors of Paris Club

The Paris Club of creditor nations disclosed this week for the first time ever how much it is owed world wide, --330 billion US dollars--, with Cuba, Argentina and Peru top of the list in Latinamerica.
Wednesday, November 26th 2008 - 20:00 UTC
On the melamine trail, Brazil promotes dairy exports in China

Brazil, the world's largest exporter of poultry and second-biggest supplier of soybeans, is seeking investments in ports and roads from China, its largest market for agricultural products.
Wednesday, November 26th 2008 - 20:00 UTC
Russia reopens meat market to Argentina, closes Australia

Russia has re-opened its market for meat products from an Argentine and a Paraguayan company and banned such imports from five Australian companies, the veterinary watchdog Rosselkhoznadzor said in a statement.
Wednesday, November 26th 2008 - 20:00 UTC
Argentina admits global crisis, unveils stimulus plan

Argentina announced on Tuesday a package of measures to soften the impact of the global crisis by boosting investments and protecting jobs. The plan includes tax breaks to encourage companies to retain workers and incentives for savers and companies to bring back funds deposited overseas.