During the first seven months of this year China purchased 202.000 tons of wool, equivalent to 1.13 billion US dollars, up 61% over the same period a year ago according to the Uruguayan Wool Secretariat.
Cuba is considering further opening its economy to foreign investments given the new climate for business and economic consolidation. However errors of the past 2will not be repeated”.
The IMF can no longer play the role of policeman admitted incoming International Monetary Fund Managing Director Dominique Strauss-Kahn who added that the global economy is drastically different from when the IMF was created, and therefore must adapt to change.
As the Euro hits new highs against the US dollar conflicting signals seem to be coming from Europe as to how address the issue, but much will depend on what happens next Thursday when the European Central Bank and the Bank of England hold monthly meetings.
Uruguay's wholesale prices soared 3.1% in September, pushed by higher agriculture costs admitted the government, bringing overall wholesale inflation for the first nine months of the year to 17.6%, compared to 9.7% in the same period a year ago.
Chile's wine and fish exports for the first eight months of 2007 increased a significant 34% and 12% respectively compared to the same period last year.
Inequality is one of the greatest threats to global stability and prosperity, the United Kingdom's Foreign Minister told the General Assembly, issuing a call to industrialized nations to meet their commitments on aid, genuinely reform the international terms of trade and play their part in tackling climate change.
The United States expanded 3.8% in the second quarter in spite of the mid year credit crunch, weak housing and forecasts of a slowing down, according to a revised estimate released Thursday by the US Department of Commerce. In the first quarter the US economy expanded a sluggish 0.6%.
Winnie the Pooh, the honey loving bear at the heart of a royalty's lawsuit, can continue to reap millions for Disney, a Los Angeles appeals court ruled this week, tossing out the latest challenge to a disputed, lucrative contract.
After the International Monetary Fund (IMF) announced that the economic crisis in the United States has not yet peaked, Chile's Minister of Finance Andres Velasco assured government officials this week Chile is prepared for economic turbulence.