Economy

Wednesday, July 18th 2007 - 21:00 UTC
Brazil jet lands and crashes into fuel depot: 176 feared dead

A passenger jet crashed and burst into flames after skidding off a runway at Brazil's busiest airport Tuesday and barreling across a highway, officials said. All 176 people on board were feared dead in what would be Brazil's deadliest air disaster, and at least 15 people were killed on the ground.
Tuesday, July 17th 2007 - 21:00 UTC
Brazil: 0.75% of population dominates 50% of GDP

An estimated 130.000 Brazilians have financial assets valued at over a million US dollars which totals 573 billion US dollars, well above half the country's GDP, according to a report published Sunday in Folha de Sao Paulo.
Tuesday, July 17th 2007 - 21:00 UTC
Peirano expected to confirm Argentina's economic policy

Argentina's Industry Secretary Miguel Peirano was the man finally chosen by President Nestor Kirchner to head the Economy Minister for the few months left of his administration that officially ends next December 10.

Peirano, 40, is scheduled to take office Tuesday at 19:00 hours.
Monday, July 16th 2007 - 21:00 UTC
LAN signs contract for 26 carbon fiber B 787 “Dreamliners”

Chile's flag carrier LAN Airlines SA announced last week it will add 32 Boeing 787 Dreamliner long-haul aircraft to the company's fleet between 2011 and 2016, marking the largest investment in the company's history. The 26 aircraft contract is in the range of 3.2 billion US Dollars.
Monday, July 16th 2007 - 21:00 UTC
China stamps temporary ban on US meat imports

China has suspended the import of tainted meat products from seven United States companies, including Tyson Foods Inc, the world's largest meat processor reports the Monday edition of China Daily.
Friday, July 13th 2007 - 21:00 UTC
US asks WTO for panel to decide on alleged Chinese subsidies

United States formally requested Thursday the World Trade Organization to establish a dispute settlement panel to judge whether Chinese subsidies to industry violate WTO rules as US experts claim.
Friday, July 13th 2007 - 21:00 UTC
Paulson praises Uruguay and calls for increased trade flows

United States Treasury Secretary Henry Paulson said on Thursday in Montevideo that increased trade flows will give Latin America more opportunity to spread the benefits of economic growth and to reduce poverty. He also praised Uruguay's open markets policies and sound economic decisions.
Friday, July 13th 2007 - 21:00 UTC
World's richest man interested in Panama Canal expansion

Mexican tycoon Carlos Slim, rated as the world's richest man, is competing with other international consortiums for the projected expansion of the Panama Canal, according to official Panamanian sources.
Wednesday, July 11th 2007 - 21:00 UTC
US dollar in new record low against the Euro and Sterling

The dollar fell on Tuesday to a record low against the Euro and a 26-year low against the British pound as investors feared that the deteriorating U.S. sub-prime mortgage market could eventually slow the economy.
Wednesday, July 11th 2007 - 21:00 UTC
Argentina targets UK beef market at the Royal Show

Argentina is looking to increase its exports of high-quality chilled beef into the UK by up to 20 percent over the next year.