Stories for August 20th 2011

Saturday, August 20th 2011 - 06:52 UTC
Latam markets follow world trend but fall less than the US and EU

Latin American stocks fell on Friday as deepening fears of a US recession and a wider financial crisis that could result from Europe's debt troubles kept investors cautious.
Saturday, August 20th 2011 - 06:48 UTC
Argentina’s organized labour has also been rattled by CFK’s Sunday landslide

Last Sunday’s landslide victory of Argentine president Cristina Fernandez not only showed her domain of the political stage but also weakened some of her ‘inevitable’ allies that challenge her authority: such is the case of the powerful CGT organized labour leader Hugo Moyano.
Saturday, August 20th 2011 - 06:45 UTC
Argentine industry says ‘inflation’ is main issue to address by next government

Argentina’s powerful Industrial Union (UIA) warned that if President Cristina Fernandez de Kirchner is re-elected next October one of the top issues of her agenda will be taking action in order to control “a concerning inflation”.
Saturday, August 20th 2011 - 06:43 UTC
Peru halts coca plants eradication and works to redesign new anti-drugs program

Peru has temporarily halted the eradication of coca plants used to make cocaine as it works to redesign its anti-drug programs, the country's interior ministry announced this week.
Saturday, August 20th 2011 - 06:37 UTC
Feisty Uruguay wins respect from neighbours and investors

The following feature piece from Reuters written by Hillary Burke and Malena Castaldi gives an idea of Uruguay’s international standing.
Saturday, August 20th 2011 - 06:34 UTC
Argentina’s industrial output in July could be feeling the Brazilian pinch

In spite of the good overall performance of the Argentine economy with annual growth estimated at 8.2%, industrial output had a lower showing and climbed 7.6% in July over the same month last year, according to the Industrial Monthly Estimator, EMI.
Saturday, August 20th 2011 - 06:30 UTC
Consumers’ inflation expectation in Argentina remains steady at 25%, says UTDT

Argentina's 12-month inflation expectations were unchanged for a sixth straight month in August, according to a closely watched survey published by the Torcuato Di Tella University.
Saturday, August 20th 2011 - 06:28 UTC
Argentine economy steams ahead at an annual rate of 8.2% in June

Argentina's economy grew by a wide margin in June on the back of a consumer spending spree and solid demand for the country's grains and manufactured goods overseas, according to the national statistics office, Indec.
Saturday, August 20th 2011 - 06:26 UTC
“Years to lower unemployment” with US economy so slow, says Fed member

The United States economy is growing so slowly that it will take years to wrench lofty unemployment rates back to normal levels, Cleveland Federal Reserve Bank President Sandra Pianalto said.
Saturday, August 20th 2011 - 06:21 UTC
Corn boom forecasted in Argentina as the grain most resilient to quotas’ system

Argentina is undergoing a “corn planting boom” because of its more diversified market opportunities which help to ease the full impact of the export quotas system imposed by the government of Cristina Fernandez.