Investments

• Tuesday, August 30th 2011 - 05:55 UTC

  Brazil to increase primary surplus and make room for cut in interest rates

  

  Brazil plans to further contain government spending this year to prepare the country for a global slowdown and make room for a cut in interest rates, Finance Minister Guido Mantega said on Monday.

• Tuesday, August 30th 2011 - 03:56 UTC

  Nobel laureate praises Argentina; tells US and EU spending is the way out of recession

  

  United States and the European Union “are using the same recipe that the IMF applied on Argentina” to address the current global financial crisis and this only leads to “stagnation” said Nobel laureate Joseph Stiglitz attending a gathering of Nobel Prize recipients and young economists in Lindau, Germany.

• Tuesday, August 30th 2011 - 03:54 UTC

  Argentina regulator to investigate YPF and Repsol YPF on accounting standards

  

  Argentina’s securities regulator said it will investigate the chairman and chief executive officer of YPF SA, the nation’s largest oil producer, as part of a probe into the company’s accounting.

• Tuesday, August 30th 2011 - 03:53 UTC

  Uruguay plan to regularize 676 shanty towns (200.000 people), most in Montevideo

  

  Uruguay announced it will invest 150 million dollars for the eradication of shanty towns, 90% of which are located in Montevideo, half of them in contaminated and flood-prone areas.

• Tuesday, August 30th 2011 - 03:42 UTC

  Business leaders and organized labour ignore Argentina’s official inflation index

  

  Following the agreement which raised the Argentine minimum wage by 25%, equivalent to 549 dollars per month, business leaders and representatives from the labour unions admitted that when it comes to salaries negotiations the official inflation index from the government statistics office, Indec, “is not taken into account”.

• Tuesday, August 30th 2011 - 03:39 UTC

  Argentina expects another car production record next year: a million units

  

  The Argentine automobile industry will expand its production capacity to a million units annually by 2012 following on the expected record production of 840.000 this year boosted by domestic demand and exports to brazil, said Anibal Borderes president of the country’s Automobile Manufacturers Association, Adefa.

• Monday, August 29th 2011 - 08:29 UTC

  Brazil to regulate credit-rating agencies to help them improve quality of their analysis

  

  Brazil Securities and Exchange Commission, CVM, expects to have ready by the end of the year a regulatory framework for risk rating agencies with the purpose of improving the quality of their analysis, said Maria Helena Santana, president of CVM.

• Friday, August 26th 2011 - 03:10 UTC

  Delta decides to buy American and orders 100 Boeing 737 worth 8.5bn dollars

  

  Delta Air Lines Inc. agreed to buy 100 Boeing Co. 737 single-aisle jets with a catalogue value of 8.5 billion dollars as the carrier postponed plans to buy another 100 smaller jets from Brazil’s Embraer SA or Canada’s Bombardier Inc.

• Friday, August 26th 2011 - 03:08 UTC

  Warren Buffett comes to the rescue of Bank of America

  

  US billionaire Warren Buffett's company Berkshire Hathaway has announced it is investing 5 billion dollars in Bank of America. News of the famous investor's move sent Bank of America's shares up by 25%, before moving back to 10% ahead.

• Thursday, August 25th 2011 - 06:31 UTC

  Mexican billionaire Slim boosts stakes in Saks and New York Times

  

  Mexican billionaire Carlos Slim spent 8.8 million dollars to boost his stakes in Saks Inc. and New York Times adding to his biggest US holdings as the stock market slumped last week. Saks gained the most in almost a year.