While Zurich is considered the best city in the world to live in, Montevideo in Uruguay leads in Latinamerica followed by Buenos Aires and Santiago de Chile according to the Mercer Human Resource Consulting Quality of Living ranking of 215 cities taking New York as reference, with 100 points.
Uruguay sold this week 500 million US dollars in inflation-linked bonds denominated in pesos and due to mature in 2027, at a yield of 4.25% over inflation, said Economy Minister Danilo Astori.
US Federal Reserve Chairman Ben Bernanke said Wednesday that uncertainty about the outlook for the US economy has increased and any future decisions on rates will depend on the evolution of growth and inflation.
Thousands of anxious Bolivians desperate to travel to Spain before Friday, when visas will begin to be required, flooded this week two of the country's main airports. In the middle of the chaos the government claims the massive exodus has been encouraged by travel agencies, some of which have swindled travelers.
The United Kingdom government must wake up to the fact that the upturn in the world economy has the potential to make beef much more expensive for consumers and, by implication, stretch supplies.
United States falling home values, poor consumer confidence and rising fuel prices knocked Tuesday Wall Street and Latinamerican stock markets. The New York-based Conference Board index for March fell to 107.2 from 111.2 a month earlier.
Consulting firm Pricewaterhouse Coopers recently ranked the richest cities in the world by measuring economic output and consumer buying power. Santiago ranked 53rd overall, but 5th among other cities in Latin America, after Mexico, Buenos Aires and Sao Paulo and Rio de Janeiro.
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.