Economy

• Sunday, February 6th 2011 - 20:38 UTC

  Inflation, an old scourge, plagues Argentina again, says NY Times

  

  Argentina is in the midst of a consumption boom, but inflation that old Argentine plague, has once again fully surfaced, writes the New York Times Alexi Barrionuevo from Buenos Aires.

• Sunday, February 6th 2011 - 20:24 UTC

  Inflation in Uruguay picking up pushed by health and food prices

  

  Uruguay’s consumer prices rose in January at the fastest pace since 2008, led by higher health, food and beverages costs, according to the latest report from the National Institute of Statistics, INE.

• Sunday, February 6th 2011 - 13:39 UTC

  IMF urges Uruguay to temper domestic demand and secure a “soft economic landing”

  

  The International Monetary Fund urged Uruguay to focus policies on securing “a soft economic landing” amid a surge in capital inflows to emerging economies and higher commodity prices.

• Saturday, February 5th 2011 - 03:45 UTC

  China’s appetite for luxury goods fuels record sales and profits for Louis Vuitton

  

  China's appetite for luxury goods fuelled a record year for sales and profits at world industry No. 1 LVMH, (Louis Vuitton) prompting boss Bernard Arnault to say the market had entered a “new growth cycle”.

• Friday, February 4th 2011 - 23:13 UTC

  Paraguay recovers full status of free of foot and mouth disease with vaccination

  

  Paraguay recovered full status of “country free of foot and mouth disease with vaccination” following the World Organization for Animal Health (OIE) decision to lift the “high vigilance zone” over 1.2 million cattle.

• Friday, February 4th 2011 - 22:28 UTC

  Brazil preparing package to counter surging imports rapidly eroding trade surplus

  

  Brazil’s trade surplus fell more than economists expected in January from a month earlier as exports declined at a faster pace than imports. The surplus narrowed to 424 million USD last month from 5.37 billion in December, said the Trade Ministry.

• Friday, February 4th 2011 - 22:22 UTC

  Brazil’s industrial output fell in December for second month running

  

  Brazil’s industrial output unexpectedly fell for a second straight month in December. Output in December fell 0.7% from November after a 0.2% decline in the previous month, the national statistics agency IBGE said this week.

• Friday, February 4th 2011 - 21:53 UTC

  Argentina still haunted by the holdouts from the 2001 default

  

  Argentina’s attempts to return to global credit markets nine years after its 2001/02 default received this week mixed results. New York Federal Judge Thomas Griesa has issued a ruling urging Argentina to pay 54.33 million Euros (US$75.1 million) to the Capital Ventures International Fund.

• Friday, February 4th 2011 - 21:21 UTC

  Rousseff and Obama to discuss ways to counteract China’s undervalued Yuan

  

  Brazilian President Dilma Rousseff will discuss with her U.S. counterpart Barack Obama ways to counteract the threat posed by an undervalued Yuan and cheap imports from China, a Brazilian official said.

• Friday, February 4th 2011 - 21:17 UTC

  US recovery still needs help for stronger job creation, says Bernanke

  

  The US economic recovery still needs help from the Federal Reserve despite signs of improvement, the central bank's chairman Ben Bernanke said.