Economy

Tuesday, April 17th 2007 - 21:00 UTC
Chile's main retail market chains invest in Punta Arenas

The Punta Arenas retail market in the extreme south of Chile has significantly grown in recent years, attracting Chile's leading retailers. Retail giants Lider, Fallabella, La Polar and Johnson's have opened branches in the southern Region XII city over the past three years, and saw profitable returns in 2006.
Tuesday, April 17th 2007 - 21:00 UTC
Argentine economy booming but in full production capacity

Argentina's economic activity in February expanded 7.9% over the same month a year ago, and 0.6% over January 2007, according to the latest release from the National Statistics and Census Office, Indec.
Monday, April 16th 2007 - 21:00 UTC
British pound ready to break the 2 US dollars benchmark

The British pound hit a 14-year high of 1.9938 against the dollar, with many experts believing it will break through the 2 dollars benchmark in the next few days.
Monday, April 16th 2007 - 21:00 UTC
NYT calls for the resignation of World Bank president

The New York Times has called for the dismissal of World Bank President Paul Wolfowitz who is entangled in a scandal over securing a huge pay raise awarded to a close female friend.
Friday, April 13th 2007 - 21:00 UTC
European Central Bank leaves interest rate on hold at 3.75%

The European Central Bank decision on Thursday to leave key interest rates at 3.75% came as no surprise to money markets. However the ECB said it would monitor the risks to price stability “very closely”, avoiding the stronger word “vigilance”.
Friday, April 13th 2007 - 21:00 UTC
US/Brazil manufacturers agree to lobby for global free trade

Brazil and United States manufacturing industries agreed on Friday in Sao Paulo to join efforts in achieving a reduction of trade barriers, which so far have frustrated a long expected global free trade agreement.
Friday, April 13th 2007 - 21:00 UTC
IMF recommends “careful vigilance” of credit expansion in Latinamerica

The International Monetary Fund, IMF said Latin America's private credit expansion requires “careful vigilance”, particularly with household loans and collateral conditions.
Wednesday, April 11th 2007 - 21:00 UTC
Excellent prospects for South American soybean farmers

The international soybean market, the main crop in Argentina and Brazil, is showing excellent prospects for South American farmers reports Oil World a reputed publication from the industry
Wednesday, April 11th 2007 - 21:00 UTC
March trade surplus surprise from China but not for longÃÂ¢€Ã‚Â¦

China surprised all forecasts and reported a shock tumble in the size of its trade surplus. According to official figures, the March surplus was 6.9 billion US dollars, down from 23.8 billion in February and well below the 20 billion forecast by analysts.
Wednesday, April 11th 2007 - 21:00 UTC
Argentine policy to contain inflation “has collapsed”

The Argentine government prices policy “has collapsed” and inflation could become out of control warned on Wednesday Javier Gonzalez Fraga, a former Central Bank president and expert in capital markets.