Economy

Thursday, January 21st 2010 - 12:17 UTC
According to Argentina’s two tier statistics system unemployment fell to 8.4%

Argentine President Cristina Fernández de Kirchner announced Wednesday the unemployment rate had fallen from 9.1% to 8.4% in the last quarter of 2009.
Thursday, January 21st 2010 - 06:53 UTC
China freezes liquidity and sends global markets tumbling

Global shares have fallen amid concerns that China's plans to reduce lending by its banks will hurt the worldwide economy. The falls came after Chinese state media said authorities had ordered commercial banks to stop lending for the rest of January.
Thursday, January 21st 2010 - 06:51 UTC
“The best place to mine in South America (Chile) just got better”

International mining groups this week were effusive in their support of Chile’s newly elected president Sebastian Piñera, a billionaire businessman with substantial holdings in Lan Airline, Chilevision (a TV station) and Colo Colo (a popular soccer team).
Wednesday, January 20th 2010 - 12:51 UTC
Argentine depositors look for security and discretion in Uruguay’s banks

Argentines disenchanted with their current government are taking their savings to refuge in neighbouring Uruguay where deposits of non residents have soared 20% during 2009, according to primary estimates from the Central Bank.
Wednesday, January 20th 2010 - 09:06 UTC
Argentine president travels to China to boost trade and cooperation

Argentine President Cristina Fernández de Kirchner will visit China next week as the country is in the middle of a controversy with Congress over a debt repayment plan which would appeal to Central bank resources but has been frozen by the courts.
Wednesday, January 20th 2010 - 09:03 UTC
The process to keep Japan’s flag carrier alive has began, says minister

Japan Airlines is to slash about 15,700 jobs and receive an 8 billion USD lifeline as part of turnaround efforts after filing for bankruptcy protection. The collapse of JAL, Asia’s top carrier was widely expected after it struggled with the aviation downturn and a debt burden of more than 25 billion USD.
Wednesday, January 20th 2010 - 08:55 UTC
Chile and China make huge investments to increase copper production

Chile’s state-owned mining company, Codelco, last week announced a 1.9 billion US dollars project to develop a subterranean mine at its Chuquicamata opencast mine facility in Chile’s northern Atacama region (region III).
Wednesday, January 20th 2010 - 07:04 UTC
UK December inflation jumps to 2.9%, biggest rise in a single month

Inflation in the United Kingdom jumped at a record rate in December, official figures have shown. The Consumer Prices Index (CPI) hit 2.9% last month - much higher than expected by the City - compared with just 1.9% in November.
Tuesday, January 19th 2010 - 13:45 UTC
Argentina/Brazil review bilateral trade in February

Argentina and Brazil will be meeting early February in Buenos Aires to assess how bilateral trade has been evolving and to plan the following steps to keep improving trade relations between Mercosur senior members.
Tuesday, January 19th 2010 - 13:40 UTC
IMF warns it’s too early to withdraw stimulus packages

International Monetary Fund Managing Director Dominique Strauss-Kahn said it’s too early for policy makers to withdraw stimulus that’s driving the global recovery.