China's trade surplus reached 23.91 billion US dollars in September, the fourth largest on record. Demand from Europe and the US boosted exports despite cuts in tax rebates aimed at curbing its export boom.
Brazilian Defence minister Nelson Jobim stated that the Amazon sovereignty is non negotiable and rejected recommendations from a United Nations panel that last week shared with former US Vice president Al Gore the Nobel Peace Prize and suggested the creation of an international treaty to guarantee the protection of the vast rain forest in South America.
Argentina's poorest, ten per cent of the population live on less than four US dollars per day while on the other extreme half a million households can dispose of 220 US dollars per day according to a report from a private consulting firm released this week.
The United States August trade deficit dropped substantially to its lowest since last January, 57.6 billion US dollars, as export levels rose to a monthly high and imports fell, reported the Department of Commerce.
Federal Reserve governor Randall Kroszner said this week that the central bank was forced to cut its benchmark interest rate in September because earlier attempts to increase liquidity did not help enough.
With the US dollar operating in the Chilean Money exchange market below the 500 pesos benchmark, and still sliding, the Chilean Central Bank decision to leave the basic rate unchanged came as a relief.
The International Monetary Fund's chief economist said on Wednesday repercussions from recent market turmoil should be contained within advanced economies, with growth in emerging markets likely to remain broadly on track.
House prices are falling at their fastest rate for two years as buyers stay away from the market, new figures have shown.
A general agreement on global trade liberalization in the Doha round of talks is closer than most people think, said U.S. Commerce Secretary Carlos Gutierrez Wednesday.
Current boom copper demand has catapulted the value of the metal to its highest price in more than 40 years. The Chilean Copper Commission reported that the average copper price through September this reached 3.27 US dollar per pound, highest average price since 1966, when the commodity averaged US$3.63 for the year.