Economy

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.
Wednesday, June 11th 2008 - 21:00 UTC
London world's leading financial centre; Santiago in Latam

London has been named the most influential financial centre in the world for the second consecutive year in spite of competition from fast rising hubs in Asia, according to MasterCard's second annual survey.
Wednesday, June 11th 2008 - 21:00 UTC
Obama announces windfall profits tax on oil corporations

Democratic presidential candidate Barack Obama sought to tap into US citizens' anxiety over high gasoline prices yesterday by pledging to seek a windfall profits tax on US oil companies if elected.
Wednesday, June 11th 2008 - 21:00 UTC
Uruguayan economy expanded 10.9% in the first quarter

Boosted by strong exports of agricultural commodities and domestic demand for communications services the Uruguayan economy expanded 10.9% in the first quarter of this year, compared to the same period a year ago.
Wednesday, June 11th 2008 - 21:00 UTC
Argentine consumers' expectations decline to lowest since 2003

Public opinion perception and expectations about the Argentine economy are currently going through the most serious declination since the Kirchner couple first reached government in 2003.
Wednesday, June 11th 2008 - 21:00 UTC
Warning that Uruguay is running out of “fiscal margin”

In spite of the good performance of the Uruguayan economy academics and former ministers have warned that given the expansion of public spending and subsidies to alleviate energy prices, the government is running out of “fiscal margin” in the event of a contingency.