Economy

• Wednesday, June 27th 2007 - 21:00 UTC

  Oil World forecasts fall in global 2007/08 soybean harvest

  

  The global 2007-08 soybean harvest is likely to fall by eight million tons on the season to 227.61 million tons, according to forecasts from Hamburg-based oilseeds analysts Oil World.
  This would be below the 2007/08 global forecast consumption of 237.90 million tons, up from an estimated 227.36 million tons in 2006-07.

• Tuesday, June 26th 2007 - 21:00 UTC

  Lan Chile fined for &quotdominant&quot practices in Punta Arenas

  

  Chile?s Free Competition Tribunal, TDLC, fined Lan Airlines and Lan Cargo the equivalent of 128.000 US dollars each for non competition practices in the transport of international cargo to Punta Arenas, where both companies have a “dominant situation”, according to the ruling.

• Monday, June 25th 2007 - 21:00 UTC

  Argentina's inflation record controversy to be aired in Congress

  

  In all Argentine cities with a local index measuring the evolution of retail prices, inflation last May was double that registered in the capital Buenos Aires, reported Monday the National Statistics and Census Office, Indec.

• Monday, June 25th 2007 - 21:00 UTC

  International banks forecast slower growth in Argentina

  

  Economic activity in Argentina is forecasted to moderate in the second half of this year and in 2008 as investment decelerates in spite of strong domestic demand and overseas favorable conditions, according to the International Institute of Finance, (IIF) the lobby representing the world?s largest banks.

• Monday, June 25th 2007 - 21:00 UTC

  Dramatic drop in Magallanes Region poverty levels

  

  Although Magallanes Region in the extreme south of Chile has witnessed a significant drop in poverty and indigence rates, there are still some worrisome pockets, according to the latest Socioeconomic Characterization Poll, CASEN, released last week.

• Sunday, June 24th 2007 - 21:00 UTC

  Evolution of minimum wages in Latam: Argentina leads

  

  Chile saw a 16% real increase in its minimum wage over the past 7 years, putting it in 5th place among Latin American countries. Argentina came in first, doubling its minimum wage since 2000, followed by Uruguay, which increased by 50%. Brazil and Ecuador took 4th and 5th place.

• Friday, June 22nd 2007 - 21:00 UTC

  Desperate last minute talks to save Doha round trade talks

  

  Negotiations among four key World Trade Organisation (WTO) governments over a new global agreement collapsed Thursday with India and Brazil blaming US and European unwillingness to cut farm aid and import duties on commodities.

• Thursday, June 21st 2007 - 21:00 UTC

  China fears strong Yuan could lead to unemployment

  China should let the Yuan appreciate at a faster rate to reduce the country's dependency on exports and thus prevent a possible assets bubble because of the easy access to credit, said an outstanding economist former advisor to the country's Central Bank.

• Wednesday, June 20th 2007 - 21:00 UTC

  Brazil with record budget primary surplus in April/May

  

  Brazil's budget primary surplus reached in April 23.5 billion Reales (approx 12 billion US dollars) following on an equally positive March, 19.4 billion Reales (approx 10.2 billion US dollars) reported the Central Bank.

• Tuesday, June 19th 2007 - 21:00 UTC

  IMF warns about fiscal deficits and price controls systems

  The International Monetary Fund Managing Director Rodrigo Rato warned about the risks for Latinamerica of “populist” economic measures which worsen fiscal deficits, or price controls and manipulation of exchange rates.