Investors scared by President Hugo Chavez's nationalization plans rushed to sell off Venezuelan stocks Tuesday, while U.S. officials and financial analysts warned that increasing government control in the power, telecom and oil sectors is a mistake.
Chile decided on Tuesday to increase to 33%, and during three months, safeguard tariffs on Argentina wheat flour, reported in Santiago the Minister of Agriculture Alvaro Rojas.
China's trade surplus in 2006 reached a mind bogging 177.5 billion US dollars compared to 102 billion in 2005, reported Wednesday the Chinese news agency Xinhua.
Agrosuper, Chile's largest meat producer could face serious fines or a shutdown of its factories by health authorities after workers of its Huechuraba plant denounced the sale of decomposing meat.
Brazil manufactured a record number of automobiles last year, 2.61 million, up 3.1% over 2005, according to a release Wednesday in Sao Paulo from the Association of Automobile manufacturers, Anfavea.
A record 711.000 cars were sold in Chile's Metropolitan Region in 2006, up 7.6% more vehicles than last year.
Argentina's Central Bank in 2006 obtained nearly 1.4 billion dollars out of investing its foreign currency reserves at a yearly yield of 5.7 percent ÃÂ¢€ the highest since a crippling five-year recession ended in 2002 ÃÂ¢€ and close to the 1.47 billion dollars the country reportedly spent last year in subsidies to keep inflation under two digits.
President Hugo Chavez announced plans on Monday to nationalize Venezuela's electrical and telecommunications companies, pledging to create a socialist state in the spirit of the Bolivarian revolution.
Evolution of trade among Mercosur members in the last few years shows unexpected surpluses for Brazil and a lesser dependency on the group's intra trade than in the nineties, according to recent data from ALADI, Latinamerican Integration Association.
The Uruguay Argentina pulp mills controversy took another turn this week when the Argentine province of Entre Rios said it would ban all wood sales to Uruguayan pulp mills and picketers announced a complete land blockade of Uruguay sometime in mid January.