Chile's economy grew 0.5% in December, the worst performance for that month in a decade, according to the latest figures released on Thursday by the country's Central Bank.
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The US unemployment rate rose to 7.6% in January, up from 7.2% in December, according to official figures released on Friday. The rise puts the unemployment rate at the highest level since 1992.
Consumer inflation in Chile during January dropped 0.8%, the lowest since the same month in 1943, accumulating 6.3% in the last twelve months, according to the latest report from the country's Statistics Institute, INE.
Lack of rainfall, collapse of commodities prices plus misguided camp policies from the Argentine government will cost farmers a fall in income of 43 billion pesos (equivalent to 12.5 billion US dollars) in 2009 compared to last year, according to the Argentine Rural Confederations, CRA.
Repsol has made a significant new oil find in the deepwater area of the Gulf of Mexico, in US waters. The discovery was made in the Buckskin well in Keathley Canyon, 300 kilometres offshore Houston.
Brazilian January consumer inflation was 0.48% accumulating 5.84% in the last twelve months, slowing for a third consecutive months after having reached a three year high in October, according to the latest release from the country's statistics office.
Insufficient rainfall in south Brazil, mostly in the states of Rio Grande do Sul, Parana, Matto Grosso do Sul and west Santa Catarina, will cause a 6.53% drop in the 2008/09 grain crop, which will fall from 144.11 million tons to 134.70 million tons, reported this week the Supply Office (Conab) from the Agriculture and Livestock ministry.
Brazil's government-managed oil and gas corporation Petrobras announced Wednesday its domestic Exploration and Production plan for 2009/2013 which involves 92 billion US dollars.
Mexico's central bank and finance ministry confirmed that the bank had intervened on Wednesday to prop up the ailing peso currency by selling dollars directly to market players.