China is attempting to make the Yuan more flexible and so reflect demand and supply market forces, however a strong appreciation of the Chinese currency could be risky for the economy warned an outstanding Chinese economist.
Argentina has been voted the world's fifth top nation of moaners in a new survey by NOP World. Nearly a quarter of people questioned admitted having complained about something in the previous 12 months, Asian News International reported.
Uruguay and Brazil have urged Mercosur partners Argentina and Paraguay to speed up an institutional reform of Mercosur in order to bring greater transparency and continuity to its policies, and put free trade talks with the European Union back on track.
The value of Argentine farmland increased 210% in the last four years and grain production 116% between 1993 and 2005, revealed Argentine Economy minister Roberto Lavagna during a meeting with farmers.
World population will reach seven billion in seven years time pushed by the demographic growth in developing countries according to a private report.
Venezuelan president Hugo Chavez forecasted that the international oil price will stabilize in the range of 65 US dollars per barrel during the next two years but warned that market volatility could see it soar to 90 US dollars.
The World Bank's decision to cut fees and boost limits for its biggest borrowers should help the lender cement a role in fast-growing nations such as China and Brazil said development analysts.
A Peruvian passenger plane crashed during a severe storm in Peru's northeastern jungle on Tuesday, killing at least 40 people, police said.
Conservative US evangelist Pat Robertson called for the assassination of Venezuelan President Hugo Chávez, saying the leftist leader wanted to turn his country into ”the launching pad for communist infiltration and Muslim extremism.
Argentina's farm exports to other South American nations rose 20 percent to 6.4 million tons in the first half of the year, compared with the same period in 2004, the government said yesterday.