Economy

Saturday, July 7th 2007 - 21:00 UTC
June inflation in Chile reaches 0.9%, the highest since 1991

The National Statistics Institute (INE) revealed this week that Chile's Consumer Price Index increased 0.9% in June. That figure is nearly double the 0.5% monthly government projection, and it revived calls for higher interest rates to calm inflation worries.
Saturday, July 7th 2007 - 21:00 UTC
Lake disappearance linked to global warming

Experts from Chile's National Forestry Service (CONAF) and the Valdivia Center for Scientific Studies (Cecs) this week linked the May disappearance of a glacial lake in far southern Chile to global warming. The team made these claims after a series of visits to the site of the lost lake starting Thursday, and noted there is a possibility that the lake could reform.
Saturday, July 7th 2007 - 21:00 UTC
German high court rules Argentina must repay bondholders

Argentina has no excuse to avoid repaying private German sovereign bond holders who lost out in the worst sovereign debt collapse in modern history, Germany's top court said Friday.
Saturday, July 7th 2007 - 21:00 UTC
LAN holder, and conservative leader, fined for insider trading

Chile's securities regulator on Friday fined a leading right-wing politician and former presidential candidate for insider trading of LAN Airlines SA stock
Friday, July 6th 2007 - 21:00 UTC
June's “official” inflation in Argentina 0.4%, but it's hard to believe

Argentina' “devalued” Statistics and Census Office, Indec, announced on Thursday June's “official” inflation, 0.4% and 3.9% for the first half of the year which is one full point off from the same period in 2006.
Thursday, July 5th 2007 - 21:00 UTC
Fearing “pricing pressure” Bank of England raised rates to 5.75%

The Bank of England has raised interest rates from 5.5% to 5.75%, its fifth rate rise since last August and warned that inflation remains a danger, saying “most indicators of pricing pressure remain elevated”.
Wednesday, July 4th 2007 - 21:00 UTC
Doha round global trade talks heading for “deep freeze”

World Trade Organisation (WTO) chief Pascal Lamy said this week the Doha Round global trade talks risks heading into a “deep freeze” but could be saved if key countries made small concessions.
Wednesday, July 4th 2007 - 21:00 UTC
Brazil to become a “strategic” partner of the European Union

The first ever summit between the European Union and Brazil is taking place in Portugal marking the start of what both sides hope will become a new “strategic” partnership on issues such as energy, climate change and human rights.
Tuesday, July 3rd 2007 - 21:00 UTC
Less tourists visited Brazil in 2006 but they spent more

Foreign visitors to Brazil last year left an estimated 4.3 billion US dollars, up 11.77% over 2005, in spite the number actually dropped and the recurrent air traffic problems in Brazilian skies.
Monday, July 2nd 2007 - 21:00 UTC
World Bank names new Latam country directors

Pamela Cox, World Bank Vice President for Latin America and the Caribbean, announced the appointment of three new country directors for the region to head the units of Mexico and Colombia; the Andes: Bolivia, Ecuador, Peru and Venezuela; and the Southern Cone: Argentina, Chile, Paraguay and Uruguay, effective July 1st, 2007.