Economy

Sunday, June 17th 2007 - 21:00 UTC
Brazilian real interest rates are the world's highest

At the beginning of June Brazil lowered its key interest rate, Selic, to 12% a year, the lowest ever and the 16th consecutive reduction since September 2005. But still when inflation is taken into account, Brazil's benchmark real interest rate is 8.3%, the highest in the world followed by Turkey with 7.6%.
Sunday, June 17th 2007 - 21:00 UTC
Brazil revving “for takeoff rivaling China and India”

“Brazil is revving up for an economic takeoff that could rival China and India” according to Martin Weiss author of the New York investment newsletter Money and Markets who praised president Lula da Silva for having built the “foundation for the launching pad”.
Sunday, June 17th 2007 - 21:00 UTC
Santiago is once again Latam's top business city

A study by MasterCard published this week ranked Santiago de Chile as the best place in Latin America for doing business.
Thursday, June 14th 2007 - 21:00 UTC
Markets waiting for US consumer prices index out Friday

United States wholesale prices soared 0.9% in May pushed mainly by a 10.2% rise in fuel prices adding to concerns over continuing inflation risks and fears over further interest rate rises.
Thursday, June 14th 2007 - 21:00 UTC
In Chile it's 14 times better to be an executive than a worker

A recent study by the Mercer Human Resource Consulting (MHRC) group found that the average executive salary in Chile is 14 times greater than the average worker paycheck.
Thursday, June 14th 2007 - 21:00 UTC
“Industrialization” priority alarms Argentine farmers

Argentina's decision to favour industrialization, which was made public during global trade negotiations in Geneva, has caused concern among the country's powerful farm sector which has been the engine behind Argentina's strong recovery since the 2001/02 melting of the economy and default.
Wednesday, June 13th 2007 - 21:00 UTC
All ready for the launching this month of the South Bank

Technical teams from Argentina, Brazil, Paraguay, Bolivia, Venezuela and Ecuador agreed this week in Buenos Aires on the terms for the establishment and Foundation Act of the South Bank, reported Argentina's Ministry of Economy.
The teams held two full days of meetings Monday and Tuesday, with Chile acting as an observer.
Wednesday, June 13th 2007 - 21:00 UTC
White House and Congress clash over China trade gap

The United States government refused on Wednesday to name China as a manipulator of currency values to gain unfair trade advantages and rejected a request by Congress members to file a trade case against Beijing on the currency issue.
Tuesday, June 12th 2007 - 21:00 UTC
UK inflation slows to 2.5% in May but still above target

United Kingdom's rate of inflation slowed in May to 2.5%, the weakest level in seven months, according to figures from the Statistics Office. Inflation in April was 2.8%.
Monday, June 11th 2007 - 21:00 UTC
Rich countries & G 20 prepare for new round of trade talks

Developing countries are vowing to stand their ground on key principles in deadlocked world trade talks, Brazilian Foreign Minister Celso Amorim said after meeting counterparts in Geneva.