Economy

Monday, October 1st 2012 - 06:33 UTC
The 34-country Arab League/Unasur political and trade summit takes off in Peru

President Cristina Fernández leaves Monday evening for Peru to participate in the 3rd Summit of South American-Arab Countries (ASPA) leaders, scheduled to take place on October 1st and 2nd in the Ministry of Culture, in the Peruvian capital Lima.
Monday, October 1st 2012 - 06:23 UTC
Cruise season in Chile begins 6 November; Punta Arenas expects 47 calls

As of next 6 November Chile’s port cities will display their best since on that date the official 2012/13 cruise season begins which extends until mid April and the country has great expectations of recovering a leading position in the region.
Saturday, September 29th 2012 - 09:16 UTC
Anticipating an inflation sprint Uruguay’s central bank raised benchmark rate to 9%

Uruguay's central bank raised its benchmark interest rate 25 basis points to 9% on Friday in a bid to cool inflation expectations. The bank had held the rate steady at its last two monthly monetary policy meetings.
Friday, September 28th 2012 - 17:02 UTC
EU employment and social situation rapidly diverging and deteriorating

The employment and social situation in the EU remained very serious in the second quarter of 2012 with unemployment rising overall but also displaying significant differences between Member States, households' financial situation deteriorating and child poverty increasing, a press release of the European Commission (EC) informs.
Friday, September 28th 2012 - 16:36 UTC
Report recommends complete overhaul of Libor system and jail for those who try to manipulate it

A report into the Libor rate-rigging scandal says the system is broken and suggests its complete overhaul, including criminal prosecutions for those who try to manipulate it. Its author, regulator Martin Wheatley, told the BBC that bankers guilty of fixing Libor in future could be jailed.
Friday, September 28th 2012 - 06:15 UTC
UN highlights role of tourism in achieving sustainable development objectives

United Nations officials highlighted on Thursday 27 September the role that tourism can play in achieving sustainable development objectives, as they marked World Tourism Day.
Friday, September 28th 2012 - 06:12 UTC
Argentina will adopt tough measures to guard nine years of economic achievements

Argentina has “stronger financial support than other countries” and will adopt tough policies to guard the nine years of economic achievements, said Economy Deputy Finance Minister Axel Kicillof addressing the Lower House Budget and Finance Committee to discuss the main guidelines for next year’s budget.
Friday, September 28th 2012 - 02:47 UTC
UN economic office warns on South America’s export trade vulnerability

Foreign trade in Latin America and the Caribbean will suffer from the economic slowdown that started in the second half of 2011. The value of regional exports will increase by 4% in 2012, whereas imports will grow 3% - according to estimates presented in the new Economic Commission for Latin America study released on Thursday.
Friday, September 28th 2012 - 02:37 UTC
Chile becomes the leading exporter of cherry and dried plums to China

Chilean fruit exports to China have experienced a great increase in recent years having jumped 35% in 2011 (over 2010), with a value of 438 million dollars, according to statistics provided to the Chilean Ministry of Agriculture, which place Chile as one of the main fruit providers from the southern hemisphere.
Friday, September 28th 2012 - 01:31 UTC
Indonesia replacing counter-insurgency fighters with Brazilian Tucanos

Four Brazilian manufactured A-29 Super Tucano fighter planes arrived at East Jakarta’s Halim Perdanakusuma Base in the first wave of new “counter-insurgency” turboprop fighters purchased as part of the Indonesian Military’s (TNI) push to modernize its fleet.