Argentine former Economy minister Roberto Lavagna said that the current conflict of the government with the farmers helps to over shadow other critical issues for Argentine consumers such as inflation.
Soybean futures advanced in Chicago as Argentina's farmers decided to stop selling crops and livestock until next week in the third protest in two months over export taxes.
The United States economy performed better than expected in the first quarter of 2008 having expanded 0.9% according to the latest data from the Commerce Department.
Federal Reserve Governor Frederic Mishkin will leave at the end of August and return to teaching at Columbia University, the United States central bank announced Wednesday.
After having formally launched last Friday the Union of South American Nations, Unasur, the region in on track to creating a Central Bank and a common currency announced this week Brazilian president Lula da Silva.
Paraguay expects to see its share of the energy business with Brazil to increase to at least two billion US dollars said an energy expert and advisor to Paraguayan president elect Fernando Lugo.
Argentina's trade surplus narrowed 30% in April from a year earlier to a lower-than-expected 864 million US dollars as surging imports offset high commodities export prices, according to official data from the Argentine government.
United States are driving much less forced by fuel prices, continuing a trend which began last November and has been confirmed by the latest March 2008 release from the Federal Highway Administration, FHWA.
Uruguay's annual oil bill is set to jump 32% to 1.8 billion US dollars if the barrel of crude remains on average at 130 US dollars admitted Uruguayan private sector consultants who anticipated a far worst impact scenario if energy prices keep spiraling.
Despite near stagnant income growth Chile has the third largest income growth in Latinamerica. Chilean workers' wages rose 8.6% from this time last year. However, consumer price inflation surged at 8%, so real incomes grew a mere 0.6% compared to the first quarter of 2007, the National Statistics Institute (INE) reported.