Bolivian President Evo Morales renewed his pledge to nationalize his country's mining industry, saying he would complete the task this year.
The Office of the U.S. Trade Representative (USTR) announced this week that Chile has been elevated from its Watch List to its Priority Watch List for alleged failure to comply with U.S. standards for intellectual property rights protection. The USTR cited the software and pharmaceutical industries in Chile as presenting the greatest threats to American business interests.
Oil plunged Thursday to its lowest level price since May 2005, below 52 US dollars a barrel, following the continued steep rise in heating oil stocks in United States and a resumption of crude pumping top Europe by Russia.
Investors scared by President Hugo Chavez's nationalization plans rushed to sell off Venezuelan stocks Tuesday, while U.S. officials and financial analysts warned that increasing government control in the power, telecom and oil sectors is a mistake.
Chile decided on Tuesday to increase to 33%, and during three months, safeguard tariffs on Argentina wheat flour, reported in Santiago the Minister of Agriculture Alvaro Rojas.
China's trade surplus in 2006 reached a mind bogging 177.5 billion US dollars compared to 102 billion in 2005, reported Wednesday the Chinese news agency Xinhua.
Agrosuper, Chile's largest meat producer could face serious fines or a shutdown of its factories by health authorities after workers of its Huechuraba plant denounced the sale of decomposing meat.
Brazil manufactured a record number of automobiles last year, 2.61 million, up 3.1% over 2005, according to a release Wednesday in Sao Paulo from the Association of Automobile manufacturers, Anfavea.
A record 711.000 cars were sold in Chile's Metropolitan Region in 2006, up 7.6% more vehicles than last year.
Argentina's Central Bank in 2006 obtained nearly 1.4 billion dollars out of investing its foreign currency reserves at a yearly yield of 5.7 percent ÃÂ¢€ the highest since a crippling five-year recession ended in 2002 ÃÂ¢€ and close to the 1.47 billion dollars the country reportedly spent last year in subsidies to keep inflation under two digits.