Stories for January 2010

Tuesday, January 5th 2010 - 13:09 UTC
Global trade recovery from major contraction in 70 years forecasted slow

Global trade is expected to pick up again this year at a significant rate but not sufficient to overcome losses of 2009. Last year trade plunged 12.25% the worst result in seventy years and a full recovery can only be anticipated for 2011 when China will be confirmed as the world’s leading exporter.
Tuesday, January 5th 2010 - 13:06 UTC
Argentina’s inflation third highest in the world, say private consultants

Private consultants estimate that Argentina’s inflation in 2009 and in spite of the devalued government statistics was the third highest in the world behind the Democratic Republic of Congo and Venezuela.
Tuesday, January 5th 2010 - 13:00 UTC
Dakar rally considered a “gold mine” for northern Chile tourism industry

The Dakar Rally that began in the Southern Cone on New Year’s Day has some people applauding, but others not so happy. The Dakar Rally is divided between Argentina and Chile and includes eight days of racing in Chile before concluding January 16 in Buenos Aires.
Tuesday, January 5th 2010 - 12:56 UTC
PM Brown admits he is the underdog in the forthcoming general election

UK Gordon Brown has admitted he is the underdog in the forthcoming general election battle - but insisted he is ready to “fight” for Britain. The Prime Minister said voters faced a “big choice” between the Tories promise of “austerity” and Labour's plans to encourage “aspiration”.
Tuesday, January 5th 2010 - 12:52 UTC
Brazil’s main financial group has set eyes on UK’s rescued banks

Brazil’s leading private banking institution Itaú-Unibanco denied London press reports it was interested in block-buying into UK banks that were saved from collapse in 2008 by the British government, as well as banks in other countries including United States, but admitted an interest in shares
Tuesday, January 5th 2010 - 12:48 UTC
Argentina car production booming expects record year in 2010

Argentine car manufacturers are looking ahead with great optimism to what they consider an “excellent” 2010 when they expect to break several records, according to Cesar Luis Ramirez Rojas, president of the Argentine car manufacturers association
Tuesday, January 5th 2010 - 12:45 UTC
Brazilian exports in 2009 suffer worst performance in six decades

Brazil trade surplus in 2009 was 24.615 billion US dollars the lowest since 2002 (13.13 billion USD) and the worst since President Lula da Silva has been in office, according to the latest release from the Development, Trade and Industry ministry.
Tuesday, January 5th 2010 - 12:37 UTC
Chile: Final Mistake

The Concertación’s leaders don’t understand the country they helped create.
By Andrés Allamand
Tuesday, January 5th 2010 - 12:35 UTC
China buys into Canada’s tar sands; Angola signs oilfield deals with Iraq

Canada's Industry Minister, Tony Clement, has given PetroChina the go-ahead for a 1.7 billion US dollars acquisition of two oil sand projects.
Tuesday, January 5th 2010 - 12:33 UTC
Uruguayan beef and vegetables in Argentina’s 2011menu

Argentina is a nation that prides itself on having more cattle than people but because of erred policies may soon be forced to import beef to keep its meat-loving citizens happy at the dinner table.