Economy

Wednesday, May 30th 2007 - 21:00 UTC
Unemployment in Magallanes 2.3%, lowest in Chile

Magallanes continues to figure as Chile's Region with the lowest unemployment according to figures released by the local chapter of the country's Statistics Office in Punta Arenas.
Wednesday, May 30th 2007 - 21:00 UTC
UN report calls for US dollar support to avoid global recession

In order for current world economic growth rates to continue, it is crucial to keep the United States dollar from falling rapidly while also avoiding a recession, says a United Nations report released Wednesday.
Tuesday, May 29th 2007 - 21:00 UTC
Boosted by savers China's stock markets continue to soar

The Chinese government trebled the stamp duty on the trading of shares in what analysts say is a bid to cool the country's overheated stock market. The tax will rise from 0.1% to 0.3% with immediate effect, Beijing said.
Friday, May 25th 2007 - 21:00 UTC
World growth is being led by Europe and Japan says OECD

The Organization for Economic Development (OECD) says that world growth is being led by Europe and Japan, which is compensating for a United States slowdown. Actually economic growth in Europe and Japan this year has overtaken the US
Wednesday, May 23rd 2007 - 21:00 UTC
US/China talks reach no tangible results on currency

Further liberalization of aviation and financial services and greater collaboration on clean energy technologies are among “tangible results” of high-level bilateral talks between the United States and China, according to U.S. officials. But no “tangible results” were arrived on the controversial currency reform issue.
Wednesday, May 23rd 2007 - 21:00 UTC
Greenspan forecasts “dramatic contraction” of Chinese stocks

Former U.S. Federal Reserve Chairman Alan Greenspan said on Wednesday he feared a “dramatic contraction” in Chinese stocks but said the global economy may be able to shrug off a drop in asset prices. U.S. and Japanese stock markets slipped following his remarks.
Tuesday, May 22nd 2007 - 21:00 UTC
US/China clash over “imbalances” and “politicizing trade”

United States Treasury Secretary Henry Paulson urged China to address “persistent trade and financial imbalances” as bilateral high-level discussions kicked off in Washington.
Tuesday, May 22nd 2007 - 21:00 UTC
Mercosur Bank of the South on track to its creation

Paraguayan President Nicanor Duarte and Mercosur ministers of Economy and Foreign Affairs decided Tuesday the creation of the Bank of the South, --an idea promoted by VenezuelaÃÂ¢€”that should act as an alternative for world multilateral organizations such as the World Bank, IMF and the Inter American Development Bank.
Tuesday, May 22nd 2007 - 21:00 UTC
Argentina's reserves at record level; unemployment 9.8%

Argentina's international reserves reached this week a record 40 billion US dollars according to the latest release from the Central Bank underlining that the strong position “effectively helps to reduce financial vulnerability, grants certitude to investors and reduces the country risk”.
Monday, May 21st 2007 - 21:00 UTC
Argentina drops to seventh place among global beef exporters

Argentina will drop from fourth to seventh place among world beef exporters this year, after having climbed in 2005 to the third position according to the latest information from the country's Ministry of Agriculture, Livestock, Fisheries and Food.