The US economy grew at a revised 3.3% annually in the second quarter of 2008, said on Thursday the Commerce Department, much higher than the original estimate of 1.9%.
The Argentine Central Bank president Martin Redrado said that there's no floor on sight for the international financial markets crisis, but in recent months for the first time in decades, Argentina managed to stop a run on the bank's reserves.
Latin America and the Caribbean have posted positive economic gains for the sixth year in a row, despite the global downturn, with gross domestic product (GDP) rising nearly 5% this year, according to the most recent estimates of the United Nations office in the region.
Argentina will meet all its debt obligations in 2008 and 2009, said Cabinet chief Sergio Massa addressing investor concerns that political tensions could reduce its budget surplus and slow its debt payments.
Argentina could be forced to import beef by 2012 if current policies are not modified, but current tonnage could increase by 50% if rules are changed, warned the Argentine Regional Consortia of Agriculture Research, Aacrea.
Accumulated inflation in Argentina over the last 12 months by the end of July was 28%, with food prices having risen 39% in that period and index-linking already beginning to take place, according to economist Carlos Melconian.
Australia has backed Chinese aluminum giant Chinalco's recent purchase of an 11% stake in Anglo-Australian mining giant Rio Tinto.
Uruguay suspended a Spanish pulp mill forestry plans following the discovery the group had cleared hectares of natural forest to have it replaced by eucalyptus. An investigation will determine the fine and reparation work the ENCE group will have to undertake.
Wheat production in Argentina will suffer a steep decline because of the government' inefficient agriculture policies claimed the leader of one of the country's main farmers' organizations.
Real median household income in the United States climbed 1.3% between 2006 and 2007, reaching 50,233 US dollars according to a report released Tuesday by the US Census Bureau. This is the third annual increase in real median household income.