Economy

Monday, July 21st 2008 - 21:00 UTC
Repeal of latest farm export tax estimated in 1.5 billion USD

The Argentine government decision to repeal the controversial grains and oilseeds sliding export tax system, --which triggered a four month conflict with farmers-- will cost the Treasury an estimated 1.25 to1.5 billion US dollars according to economic experts quoted in the Buenos Aires media.
Sunday, July 20th 2008 - 21:00 UTC
Brazil calls for regional trade to cut US, EU dependency

The presidents of Brazil and Colombia vowed Saturday to boost trade and investment between their nations ahead of crucial world trade talks this week. Brazilian President Lula da Silva urged Colombia and the region to increase trade ties “so we aren't left dependent on a single partner,” such as the US or European Union.
Friday, July 18th 2008 - 21:00 UTC
UN calls for concerted action on food and energy crises

Urgent changes in global agricultural policies are needed to meet the threats of soaring food and energy prices, the United Nations General Assembly President said on Friday.
Friday, July 18th 2008 - 21:00 UTC
Paraguayan economy grows on soy exports and construction

Boosted by agriculture, construction and manufacturing Paraguay's GDP expanded at an annual 7.6% during the first quarter of 2008, according to the latest report from the country's Central Bank. Last year the Paraguayan economy expanded 6.4%.
Friday, July 18th 2008 - 21:00 UTC
Lula da Silva praises strength and speed of regional integration

South American integration is “advancing fast and with our own resources” said Brazilian president Lula da Silva on Friday during a regional summit in Amazonia with the presidents of Bolivia and Venezuela
Friday, July 18th 2008 - 21:00 UTC
Spain supports re-Argentinization of Aerolíneas & Austral

Spanish vice president Maria Teresa Fernandez de la Vega described on Friday the agreement by which Argentina regains control of flag air carrier Aerolineas Argentinas as “satisfactory”.
Friday, July 18th 2008 - 21:00 UTC
Mrs. Kirchner cancels export tax; farmers' conflict “is over”

President Cristina Fernandez de Kirchner administration canceled the widely protested farm export tax hike on Friday following four long months of protest and a stunning rejection by the Senate. First reactions from farmers was that the “conflict is over”.
Thursday, July 17th 2008 - 21:00 UTC
Mercosur and EU planning post-Doha trade negotiations

Mercosur and the European Union could resume trade talks in two months time because “we're interested in having an open discussion next September or October” according to the EU commissioner for Latinamerica Stefano Saninno who this week visited Buenos Aires.
Wednesday, July 16th 2008 - 21:00 UTC
Black Tuesday for the US economy plagued with bad news

Tuesday was a particularly black day for the US with a rainfall of bad news including Federal Reserve chairman Ben Bernanke forecast of “numerous difficulties” ahead for the US economy plus reports of the highest inflation since 1981.
Wednesday, July 16th 2008 - 21:00 UTC
Financial crisis and inflation fears plunge global markets

Global shares fell sharply during Tuesday on fears over the state of the US economy, with the Dow Jones index closing at its lowest level in two years.