Gold rose Thursday to a one-month high as rising consumer prices in United States and the UK boosted investor demand for an inflation hedge. Silver touched a 30-year high.
London has beaten New York, Tokyo and Paris to become the world's highest grossing shopping city.
The UK capital, which boasts more big-name stores than any other, had the highest retail sales last year, with shoppers spending £62.4billion.
IMF Managing Director is scheduled to visit Uruguay next month where he will meet President Jose Mujica and his economic team before flying to Brazil. Dominique Strauss-Khan will arrive in Uruguay from Panama and is not scheduled to visit Argentina, according to Uruguayan government sources.
The number of foreign tourists visiting Argentina jumped 27.1% in 2010 compared to the year before, while dollars spent increased 25.9% according to air and sea arrivals and City of Buenos Aires numbers compiled by the country’s Statistics and Census Office, Indec.
The Brazilian National Civil Aviation Agency (ANAC) has published its operational data for the month of January 2011.
US Federal Reserve officials are increasingly confident of the economic recovery but remain unsatisfied with the healing of the job market, minutes of their January meeting released showed.
Argentina's industrial production in January continued to expand at a quick pace, led by strong output of machinery and equipment, food, non-metallic minerals and chemicals, a local think tank reported Wednesday.
Brazilian state-run development bank BNDES will receive at least 45 billion Real or 27 billion US dollars from the government to extend its program of low-cost loans for supporting company investments in capital goods, local media reported this week.
Imports restrictions imposed this week by the Argentine government with the purpose of “preserving the re-industrialization process” cover approximately 200 products totalling annual imports of a billion US dollars, according to preliminary reports.
Brazil reiterated opposition to a French plan to impose regulation on commodity prices, saying it could have negative effects on major suppliers such as itself. Brazil is totally opposed to a mechanism of control or regulation of commodity prices, Finance Minister Guido Mantega told reporters, reiterating a position he gave last week.