Economy

Tuesday, November 18th 2014 - 11:19 UTC
Bolivia confident Mercosur incorporation process will be ironed out at the next summit

Bolivia trusts that at the coming Mercosur summit in Argentina it can advance in solving the “technical-legal” difficulties that are delaying the country's full membership of the trade and political group. Allegedly one of the main differences rests in neighboring Paraguay and how it would accept Bolivia's incorporation.
Tuesday, November 18th 2014 - 08:22 UTC
Rousseff pledges that Petrobras corruption case “will change the country forever”

Brazil's President Dilma Rousseff said investigations into corruption at the state-owned oil company, Petrobras, could change the country forever. This was the first time she spoke since the arrest on Friday of 23 people suspected of corruption and money-laundering.
Tuesday, November 18th 2014 - 08:13 UTC
Argentina celebrates G20 summit support on sovereign debt restructuring

The official communiqué of the G20 summit released at the end of the bloc’s meeting in Brisbane, Australia, included a paragraph on sovereign debt restructuring process, as requested by Argentina. Economy Minister Axel Kicillof and Foreign Minister Héctor Timerman celebrated it and described it as ‘historic’.
Tuesday, November 18th 2014 - 08:04 UTC
G20 agrees on growth, climate change and taxes, but Putin leaves pressed on Ukraine

Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine.
Tuesday, November 18th 2014 - 07:59 UTC
German bondholders join the “me-too club” demanding payment of Argentine bonds

Demands against Argentina by so-called “me-too” bondholders, who are asking to be paid in the same conditions as Elliot and Aurelius Managment holdouts, are starting to pile up as holders of Argentine bonds issued under German law who didn’t take part of the country’s debt swap filed a new complaint at a United States court to demand full payment.
Tuesday, November 18th 2014 - 07:32 UTC
Land Rover plus Holland & Holland design one of the most luxurious SUVs for hunters

What is the most you have ever paid for a hunting-related feature on your car? In partnership with British gun maker Holland & Holland, Land Rover has designed what they call one of the most luxurious SUVs for hunters and recreational shooters on the market.
Tuesday, November 18th 2014 - 07:00 UTC
Argentina imposes even tougher controls on foreign trade and currencies

The Argentine government has strengthened its control over the expenditure and income of currency in foreign trade through the creation of the Tracking and Tracing of Foreign Trade Transactions Unit, responsible for monitoring “prices and quantities of exported and imported goods and services, as well as foreign currency income/expenditures.”
Tuesday, November 18th 2014 - 06:52 UTC
David Cameron: Red lights are flashing on the global economy (*)

The G20 meeting in Brisbane made it clearer than ever to me that we in Britain must stick to our long-term economic plan. Six years on from the financial crash that brought the world to its knees, red warning lights are once again flashing on the dashboard of the global economy
Tuesday, November 18th 2014 - 06:39 UTC
European Union blasts main trading partners over protectionism

The tendency to impose trade-restricting measures remains strong among the European Union's commercial partners, fuelling continuing uncertainty in the world economy. These are the main findings of the European Commission's annual report on protectionism published Monday 17 November.
Tuesday, November 18th 2014 - 06:26 UTC
China and Australia seal major free trade agreement after a decade of talks

China and Australia have sealed a major free trade agreement, as Chinese President Xi Jinping made a rare address to parliament in Canberra. The deal, the result of a decade of talks, will open up markets worth billions of dollars, Canberra says.