Economy

Friday, June 13th 2008 - 21:00 UTC
NZ company further expands in Uruguayan farming

New Zealand rural services company PGG Wrightson continues to expand in South America. The NZX-listed company announced the purchase of a 51% stake in Romualdo Rodriguez , a Uruguay-based livestock, wool and rural real estate business.
Friday, June 13th 2008 - 21:00 UTC
Specter of new default in Argentina “closer”, says FT

London's prestigious Financial Times has published a scathing report on Argentina's financial situation and the loss of confidence in the current government which it argues “has brought the specter of a new default closer”.
Friday, June 13th 2008 - 21:00 UTC
US May inflation at its fastest rate since last November

Inflation in the United States rose at its fastest pace for six months in May because of sharply higher energy costs. Consumer prices rose 0.6% last month, government figures showed, the steepest monthly increase since last November.
Friday, June 13th 2008 - 21:00 UTC
Argentina unable to fulfill export quota of prime beef to EU

Argentina is unlikely to fulfill its contract to supply the European Union with 28,000 tonnes of boneless top prime cuts of beef, also known as Hilton cuts, according to government and meat industry sources.
Friday, June 13th 2008 - 21:00 UTC
Latam growth prospects slowdown in rest of 08 and 09

Latin American and Caribbean economies will start to slow in the second half of this year and possibly into 2009 because of the rise in oil and food prices, the United Nations Latinamerican Economic Commission, Cepal said on Friday.
Thursday, June 12th 2008 - 21:00 UTC
London Stock Exchange after Argentine companies

The London Stock Exchange is very much interested in having Argentine companies join the market since Argentina has excellent conditions: natural resources, technology and a trained population, according to Graham Dallas, senior manager from LSE currently visiting Buenos Aires to promote London's financial markets.
Thursday, June 12th 2008 - 21:00 UTC
Cubans who work more will get higher salaries

In what some experts call Raúl Castro's boldest break yet from socialism, Cuban state companies have until August to overhaul their salary structures to one that pays hard-workers more than slackers, the government newspaper reported Wednesday.
Thursday, June 12th 2008 - 21:00 UTC
Floods in US Midwest send corn futures to new highs

Corn prices hit new highs this week after the US Department of Agriculture forecast that output would fall because of poor weather. Corn reached a record price of above 7 US dollars a bushel for July delivery on the Chicago Board of Trade after the government cut its forecasts for the 2008 yield by 3%.
Thursday, June 12th 2008 - 21:00 UTC
Europe's bargains: Swiss unleaded fuel and Spain's diesel

United Kingdom motorists traveling in Europe will find the cheapest fuel in Spain and Switzerland, according to a survey from the Post Office Travel Services.
Wednesday, June 11th 2008 - 21:00 UTC
US exports up but not enough to pay April's oil bill

Despite healthy exports the rising cost of importing foreign oil caused the US trade deficit to widen 7.8% in April to 60.9 billion US dollars, the largest for 13 months.