IMF Managing Director Rodrigo Rato forecasted that the world economy faces another solid year of growth in 2007, estimated in 5%, and underlined the fact that the world is less dependent on the United States economy.
Ethanol production is expected to dominate the energy summit of South American nations which has got underway Monday in the Venezuelan Caribbean island of Margarita.
The Punta Arenas retail market in the extreme south of Chile has significantly grown in recent years, attracting Chile's leading retailers. Retail giants Lider, Fallabella, La Polar and Johnson's have opened branches in the southern Region XII city over the past three years, and saw profitable returns in 2006.
There's a close relation between the fate of the Islands claimed by Argentina and the future of the developing world. The British will only yield when Argentina's international power is greater than theirs.
By Cesar Mayoral, Argentine ambassador before United Nations.
Uruguay asserted on Tuesday its dialogue spirit for the coming two days meeting in Spain where the controversial issue of the construction of pulp mills, and alleged pollution, in shared waterways will be discussed with Argentine representatives.
Argentina's economic activity in February expanded 7.9% over the same month a year ago, and 0.6% over January 2007, according to the latest release from the National Statistics and Census Office, Indec.
A jump in fuel prices pushed the United States March retail prices index to its highest in twelve months, 0.6%. However the good news is that core inflation which excludes energy and food costs rose by 0.1%, down from 0.2% in February and 0.3% in January.
South American leaders meeting in Venezuela for the first regional energy summit agreed on Tuesday a declaration that includes traditional and alternative fuels, such as ethanol, plus the creation of the South American Energy Council to follow up hemispheric energy related agreements.