Chinese inflation for the second consecutive month peaked a ten year high pushed by a sharp rise in meat prices. The consumer price index reached 6.5% in the year to August, up from 5.6% in July, said the National Bureau of Statistics.
The United States trade deficit narrowed 0.3% last July to 59.2 billion US dollars with record food and car exports helping to offset higher costs of imported crude.
Nearly 15% of Chile's work force earns a salary that is less than the legal minimum wage, according to the latest Survey of National Socioeconomic Composition (CASEN).
The euro hit a new all-time high against the U.S. dollar on Wednesday, climbing as high as US$1.3878 amid speculation that the Federal Reserve will soon cut interest rates.
Argentine Agriculture Secretary Javier de Urquiza and the governor of Chubút province, Mario das Neves, signed an agreement whereby the PRODERPA Patagonian Rural Development Project will start to be implemented.
Chile is slated to become the first country in Latin America to reach a Gross Domestic Product (GDP) of over 10.000 US dollars per capita, according to a recent report by Columbia University's Economist Intelligence Unit.
Asia Pacific Economic Cooperation, APEC, leaders meeting in Australia pledged on Sunday their political will and flexibility to bring faltering global trade talks into their final phase this year.
Millions of people throughout the developing world could be left out of the window of opportunity created by current windfalls of commodities unless those funds are used to diversify emerging economies according to a report by a United Nations (UN) agency.
Current financial turmoil is identical to that seen in earlier stock market crashes, particularly in 1987 and the fallout from the near demise of Long Term Capital Management in 1998, warned former Federal Reserve chairman Alan Greenspan.
Global markets fell sharply following on United States employment data which triggered wider economic prospects. The surprise 4.000 reduction in the US workforce in August sent the main Dow Jones index down 250 points to 13,113.