Economy

• Sunday, October 24th 2010 - 02:36 UTC

  Rum sales overtake pisco in Chile. Beer tops the list of beverages

  

  For the first time, Chilean household purchases and supermarket sales of rum have surpassed those of pisco, according to Nielsen Chile data.

• Sunday, October 24th 2010 - 02:00 UTC

  G20 agrees review of IMF: Europe looses influence to developing countries

  

  The Group of 20 (G20) nations reached in Korea a dramatic deal on Saturday as China, the United States agree to avoid “currency war” and to refrain from having too much trade surplus or deficit.

• Saturday, October 23rd 2010 - 04:38 UTC

  Latam shoe industry calls for “united front” against China’s disloyal practices

  

  Latin America’s foot-wear industry are proposing a “united front” against what they describe as “disloyal trade practices” from China, as part of the Asian giant’s foreign trade policies.

• Saturday, October 23rd 2010 - 03:45 UTC

  G20 rejects as “planned economy” US proposal setting targets to trade imbalances

  

  US proposals that countries set targets to reduce trade imbalances appeared to be running into opposition at the G20 meeting of leading economies. US Treasury Secretary Timothy Geithner wrote to G20 members on Friday suggesting limiting surpluses and deficits to a percentage of output.

• Saturday, October 23rd 2010 - 03:22 UTC

  Argentine industrial production soars 9.7% in September over a year ago

  

  Argentina's industrial production surged in September boosted by domestic demand and strong export markets. Industrial production rose 9.7% in September from the year-ago month, and was up 1.2% from August, the national statistics agency Indec reported Friday.

• Friday, October 22nd 2010 - 05:42 UTC

  Chile cuts customs’ red tape to help exporters face stronger peso

  

  Chile will cut red tape on customs to help exporters hit by a strong peso as one measure to ease the effects of the currency's rapid appreciation, Finance Minister Felipe Larrain said on Thursday.

• Friday, October 22nd 2010 - 03:16 UTC

  Brazil set to grow 7.5% this year and 5.9% in 2011; inflation 5.1% and 5%

  

  Brazil’s GDP may grow 7.5% this year, up from a previous estimate of 7%, the Finance Ministry said in a report published on its website Thursday. The ministry also raised its forecast for average growth between 2010 and 2014 to 5.9%, from 5.7%.

• Friday, October 22nd 2010 - 03:07 UTC

  Geithner promises Brazil it won’t allow the US dollar to weaken

  

  US Treasury Secretary Timothy Geithner told Brazil’s Finance Minister Guido Mantega that the Obama administration won’t allow the US dollar to weaken, Mantega said.

• Friday, October 22nd 2010 - 03:03 UTC

  Business and government officials meet in China to promote Latam/Asia trade

  

  A thousand government officials and business executives from Latin America and the Caribbean, China, Japan and Korea participated Thursday in the opening session of the China-Latin American Caribbean Business Forum with high-ranking Chinese authorities and Inter-American Development Bank (IDB) executives.

• Friday, October 22nd 2010 - 02:58 UTC

  Morales says Bolivia will produce 30% of world’s lithium carbonate demand

  

  President Evo Morales said on Thursday that Bolivia does not need foreign investors to develop an ambitious lithium carbonate project by 2014.