Almost five million US dollars in development funds were delivered last year to 519 companies in Magallanes Region in the extreme south of Chile, which represents a 30% increase over 2006.
Soybeans has become the main summer cultivation in Uruguay for the agriculture year 2007/08, confirming eight years running of expansion according to the latest release from the country's Agriculture Statistics Office, DIEA.
European Central Bank (ECB) chief Jean-Claude Trichet is very satisfied with central banks' coordinated action to help banks hit by the credit crunch. The US Federal Reserve, the ECB and central banks from the UK, Canada and Switzerland injected billions to calm money markets in December.
Brazilian auto production hit 2.97 million units in 2007, up 13.9% from 2006 while domestic sales totaled 2.2 million units, which was also a record, 22.9% higher than in 2006 according to the Brazilian Motor Vehicle Manufacturers Association, or Anfavea.
United Kingdom living standards are set to overtake those in the United States this year for the first time since the 19th century, research has claimed. The UK's GDP is expected to rise to £23,500 per person during 2008, £250 more than the £23,250 GDP per head predicted for Americans, according to Oxford Economics.
China's central bank said it will take more steps this year to cool inflation and prevent the world's fastest growing major economy from overheating. A tighter monetary policy will help prevent the economy from overheating and prevent price increases from spreading, the central bank said in a statement last week after concluding a two-day annual work meeting in Beijing.
Record oil prices and continuing high food costs kept Euro zone inflation at 3.1% in December, reported the European Central Bank (ECB).
Consumer prices in Chile rose 0.5% in December and the annual rate reached 7.8% the highest level since June 1996 according to the latest report from the government-run National Statistics Institute, INE.
Uruguay's consumer prices index increased 0.3% in December totaling 8.5% in 2007, two full points above the Central Bank's target and the highest since the 10.2% of 2003, according to the country's Statistics Institute monthly report
Wrapping up the Customs Code, productive integration and advancing in trade talks with India and the South Africa Customs Union are the main objectives on which Mercosur will be fully committed until next July, announced Argentina which holds the group's chair for the next six months.