Economy
EconomyPunta Arenas among three cities with lowest unemployment
During the second quarter of this year Magallanes in the extreme south of Chile is again the country's region with the lowest unemployment level, 2.8%, while Punta Arenas and Porvenir are among the three cities with less people out of jobs, according to the latest release from the Labor Statistics Office.
New attempt by China to cool the economy (and trade partners)
For a sixth time this year China tightened credit on Monday in a new effort to cool its roaring economy, ordering banks to shrink the pool of money for lending by increasing their reserves.
Latinamerica energy future is promising but autarchic
Latinamerica is set to invest 267 billion US dollars in energy projects in the next two decades according to the United Nations Economic Committee for Latinamerica and the Caribbean, CEPAL.
Uruguay has 3.8 cattle per capita, highest in the world
Uruguay currently has a cattle herd of 12 million head with beef becoming the main export commodity of the country, over a billion US dollars last year. Based on this it can be said that Uruguay is the country with the highest number of cattle per capita, 3.8.
Kirchner claims there's a plot to hike inflation indexes
Argentine prosecutors have requested that Domestic Trade Secretary Guillermo Moreno and the newly-appointed Beatriz Paglieri, the official in charge of calculating inflation, be summoned to testify.
IMF candidate says bridging rich/poor gap is essential
Bridging the gap between rich and poor countries should be as high a priority for the International Monetary Fund as helping to solve the world's financial imbalances, Dominique Strauss Kahn, the probable next managing director of the IMF told the Financial Times.
US Congress warns Beijing about “unfair” Yuan manipulation
A key United States Senate committee supported new measures to protect US business and workers from what it says are unfair currency manipulation by China. The move is seen as a warning to China which US politicians say has depressed the value of the Yuan to boost trade.
Volatility hits regional sovereign bonds risk assessment
Chile's country risk assessment shot this week to its highest level since August 2003 but is still the lowest in Latinamerica. International volatility with investors selling stocks and higher risk bonds and moving into more stable US bonds is seen as the cause behind the events of last week.
Global stock markets plunge on fears of credit crunch
United States Treasuries surged Thursday in a flight to safety as stocks plunged in the US and Europe on growing fears of a global credit crunch and weaker than expected economic data.
US calls on Argentina to honor repudiated sovereign debt
The American Task Force Argentina (ATFA) applauded Wednesday the US Government for formally stating for the first time that the government of Argentina must honor the repudiated sovereign debts owed to international creditors, “including over 20 billion US dollars in default claims by international bondholders” and that these lingering issues “adversely impact Argentina's investment climate”.
