Economy

Thursday, January 4th 2007 - 20:00 UTC
Chile's 2006 inflation peaked at 2.6%

Chile's Consumer Prices Index, IPC, ended at 2.6% in 2006 with a last 0.1% push from December, according to the latest release from the country's Statistics Institute, INE.
Wednesday, January 3rd 2007 - 20:00 UTC
Argentina takes Chile to WTO on Chilean safeguards on dairy products

Argentina has filed a dispute complaint against Chile before the World Trade Organization (WTO) after Chile in mid December imposed a 23-percent additional safeguard on some dairy products imported from Argentina.
Wednesday, January 3rd 2007 - 20:00 UTC
China promises a “stable currency policy” for 2007

China's central bank under international pressure to make the yuan more flexible will in 2007 pursue a “stable currency policy” to promote economic growth.
Wednesday, January 3rd 2007 - 20:00 UTC
Uruguayan authorities forecast 4.6% growth in 2007

Uruguay's Minister of Economy Danilo Astori announced Wednesday the country's economy would expand 4.6% in 2007, after having finished the third year running of expansion above the region's average.
Tuesday, January 2nd 2007 - 20:00 UTC
Argentine stock market among top ten in 2006

Argentina's stock market ended 2006 with an unprecedented yearly average increase of 35 percent which placed it among the world's top ten performers, the Argentine Institute for Capital Markets (IAMC, in its Spanish acronym), said in a report. Several other world markets also reached record highs.
Tuesday, January 2nd 2007 - 20:00 UTC
Latinamerican currencies exposed to appreciation tendency

Latinamerican currencies are expected to begin 2007 with the same upward tendency as during the end of 2006 as foreign investors' flock to emerging markets.
Tuesday, January 2nd 2007 - 20:00 UTC
Brazil still the slowest growing emerging economy

The latest release from the Brazilian Central Bank, based on private sector estimates, downgraded to 2.74% the 2006 GDP expansion. For 2007 the estimate among a hundred leading business men and analysts is that the economy will grow 3.5%.
Saturday, December 30th 2006 - 20:00 UTC
Court ruling fairly reasonable, law experts say

While the government praised it as reinstating certainty, some savers saw it as the end of a nightmare and banks continue mum and mulling its possible implications, law experts said that the Supreme Court ruling that ordered banks on Wednesday to reimburse savers in pesos dollar deposits frozen during Argentina's 2001 economic debacle, was fairly reasonable.
Friday, December 29th 2006 - 20:00 UTC
South Africa's Standard Bank Argentine deal an attention call for competitors

The planned purchase by Standard Bank ÃÂ¢€“ South Africa's largest private bank by assets ÃÂ¢€” of most of US' Bank of America Corp.'s BankBoston Argentina assets, marks the first large investment by a foreign player in the sector since Argentina's 2001-2002 economic meltdown, and an attention call for competitors, banking sources told MercoPress.
Thursday, December 28th 2006 - 20:00 UTC
Argentine banks must return 2001/02 frozen deposits

Five years later and in a long-awaited ruling, the Argentine Supreme Court ordered local banks to reimburse in full their customers savings that were frozen during the economic crisis of 2001/02, when Argentina also defaulted on its foreign debt.