Economy

• Friday, September 7th 2012 - 02:55 UTC

  OECD warns recession is “taking hold” of Euro zone including largest economies

  

  Europe's debt crisis is pushing the 17-country Euro-zone toward recession and dragging down the global economy, the Organization for Economic Cooperation and Development said in a report.

• Thursday, September 6th 2012 - 06:15 UTC

  August anticipates that Uruguay’s annual inflation out of target at 8%

  

  Consumer prices in Uruguay rose 0.93% during August, above expectations and leaving the Central bank with not much margin to apply counter measures. In the twelve months to August inflation was 7.88%, up from July’s 7.48%.

• Thursday, September 6th 2012 - 04:22 UTC

  Latam governance and economic performance receives positive balance from OAS

  

  The Secretary General of the Organization of American States (OAS), José Miguel Insulza offered a positive balance of governance in Latinamerica and the performance of the region’s economy, in general, during the last twelve months.

• Thursday, September 6th 2012 - 04:04 UTC

  Brazil August inflation relatively stable, but food prices could change the picture

  

  Brazil's annual inflation remained relatively stable in August, and was broadly in line with economists' forecast, data released by statistical office IBGE. The consumer price index increased 5.24% on an annual basis in August, just ahead of the 5.2% recorded in July.

• Thursday, September 6th 2012 - 03:59 UTC

  ‘Copper insulated’ Chilean economy outperforming and Peso becoming too strong

  

  The Chilean central bank raised its forecast for economic growth this year to between 4.75% and 5.25% (from 4% to 5%), adding that it expects GDP to expand 4% to 5% in 2013.

• Thursday, September 6th 2012 - 03:34 UTC

  Brazil among the 50 most competitive nations according to WEF report

  

  For the first time, Brazil is among the group of the 50 most competitive nations in the world, says the Global Competitiveness Report, released by the World Economic Forum.

• Thursday, September 6th 2012 - 03:30 UTC

  Brazil sold 1.25bn dollar global bonds due in 2013 at lowest borrowing cost ever

  

  Brazil on Wednesday sold 1.25 billion in dollar-denominated global bonds due in 2023, at the cheapest borrowing costs ever from foreign investors. High demand allowed the government to improve financing conditions by lowering the bond's yield spread over comparable US Treasury debt to 110 basis points from an initial 115 basis points.

• Wednesday, September 5th 2012 - 06:13 UTC

  Real estate sales in Buenos Aires City lose steam for eighth month running

  

  Real estate sales in Buenos Aires City dropped for the eighth month running in July and 27.6% over a year ago because of the US dollar clamp according to the monthly evolution index of sales documents from the Notaries College of the Argentine capital.

• Wednesday, September 5th 2012 - 05:47 UTC

  Soybeans reach record price in Chicago, past the threshold of 650 dollars/ton

  

  Soybean prices again climbed on Tuesday in Chicago reaching a historic record of 650.74 dollars the ton, boosted by investors’ purchases fearing limited supplies because of the worst drought in the US in the last five decades.

• Wednesday, September 5th 2012 - 05:40 UTC

  Brazil applies 25% tariff increase on 100 imported goods; another 100 list in the making

  

  The Brazilian government approved a 25% tariff increase on an additional list of 100 goods from outside Mercosur and at the same time announced the implementation of a monitoring scheme for those items’ prices in the domestic market to avoid unduly increases.