The United States economy contracted 2.4% in 2009 according to the latest estimates from the US Bureau of Economic Analysis. Growth in 2008 was 0.4%.
“Inflation in a growing country is good” said Hugo Moyano Argentina’s leader of the powerful labour unions confederation, CGT, a day after having openly complained that “inflation in Argentina is a fact, and nobody can deny it’s a reality”.
HMS York, the Portsmouth-based Type 42 destroyer and currently patrolling the Falkland Islands as part of her South Atlantic deployment is celebrating her 25 years at sea. She was accepted into service on March 1985.
President Hugo Chavez has added three days to Venezuela's Easter holiday to deal with a growing energy crisis. The move which will close government and public offices means most Venezuelans will have a seven-day break starting on 1 April.
Chile’s fresh fruit business has been whip-lashed the past weeks by the 8.8 earthquake which struck February 27, at the height of the fresh fruit export season. Large shipments of table grapes - roughly four million cases - and other fruit had to be stored while authorities worked over time to get port facilities operating again.
Brazil's central bank policy-makers said on Thursday they are ready to raise rates next month to curb inflation pressure as jobs data highlighted the strength of the country's economic rebound.
Argentina’s main union leader and a close political ally of President Cristina Kirchner, Hugo Moyano said that “inflation in Argentina is a fact, and nobody can deny it’s a reality”. His words follow previous statement from Economy minister Amado Boudou who admitted “prices’ tension but “not necessarily inflation”
Mercosur main country members, Argentina and Brazil begun on Thursday a two-day round of bilateral trade talks in Brazil to discuss basically whether to continue or not with the non-automatic licenses both countries hold.
The United States Geological Survey (USGS) reported this week that Chile’s devastating 8.8 magnitude earthquake on Feb. 27 has been officially ranked as the world’s fifth largest quake ever.
Norberto Yahuar, Argentina’s Fisheries Under Secretary is currently in China to advance on a fisheries cooperation agreement which would open Argentine ports to Chinese trawlers and jiggers while Beijing would lower tariffs to Argentine produce.