Bank of Japan board members decided to gradually raise interest rates following on developments in the economy and prices, according to the minutes of the February meeting and confirmed by Governor Toshihiko Fukui.
China's accumulation of United States debt is not a problem for the US or for the Federal Reserve monetary policy, said Chairman Ben Bernanke said in a letter dated March 16 but released on Monday.
An important delegation of Uruguayan businessmen will be traveling with President Tabare Vazquez to Chile next April 9/10 to promote bilateral trade and business between both countries, according to Montevideo sources.
Federal Reserve Chairman Ben Bernanke and his colleagues are still worried about inflation, even while hinting that an interest rate cut may be needed to help boost a weak economy.
A senior international banker predicted a further shake-out in emerging markets, particularly Latinamerica, arguing that asset prices in the region, (the best performing market last year) have run ahead of economic fundamentals in many cases and the market needs some sort of adjustment.
Brazil ranks as the world's tenth economy, ahead of South Korea, Holland and Australia, according to a GDP new calculation system announced by the government and which a majority of Brazilians economists consider more in line with reality.
Uruguay's economy expanded 7% in 2006 boosted by the communications and transport sectors according to the latest release from the country's Central Bank.
Argentina could increase its annual grain production to 120 million tons by 2010 from about 90 million tons currently according to a top executive of one of the country's leading soy producers.
México, Buenos Aires and Sao Paulo are among the twenty richest cities in the world according to a report on population evolution and the economy of the main capital cities, from consultants PricewaterhouseCoopers.
In spite of United States efforts by 2010 remittances from migrants will reach 100 billion US dollars annually, a significant increase from the 62 billion of 2006 according to a report from the Interamerican Development Bank, IDB.