Economy

• Monday, August 22nd 2011 - 07:10 UTC

  Venezuela has requested 99 tons of gold holdings from the Bank of England

  

  Venezuela’s central bank has requested its 99 tons of gold holdings from the Bank of England, according to a bank statement sent by e-mail, citing the institution’s president Nelson Merentes.

• Monday, August 22nd 2011 - 07:01 UTC

  Argentina needs ‘no contingency or emergency plan’ to face the crises

  

  Economy Minister Amado Boudou rejected the possibility that Argentina launches a brusque devaluation of its currency to make exports more competitive and insisted Argentina needs no emergency or contingency plan to face the challenge of the current crisis in the developed economies.

• Monday, August 22nd 2011 - 06:55 UTC

  Uruguay and Colombia have best ‘business climate’ in Latin America

  

  Business climate remained stable in Latin America during the second quarter of the year in spite of signs of the incipient global financial crisis, according to the Brazilian Foundation and think-tank Getulio Vargas. Uruguay and Colombia led the pack of the most pro-business countries in the region.

• Saturday, August 20th 2011 - 06:52 UTC

  Latam markets follow world trend but fall less than the US and EU

  

  Latin American stocks fell on Friday as deepening fears of a US recession and a wider financial crisis that could result from Europe's debt troubles kept investors cautious.

• Saturday, August 20th 2011 - 06:45 UTC

  Argentine industry says ‘inflation’ is main issue to address by next government

  

  Argentina’s powerful Industrial Union (UIA) warned that if President Cristina Fernandez de Kirchner is re-elected next October one of the top issues of her agenda will be taking action in order to control “a concerning inflation”.

• Saturday, August 20th 2011 - 06:37 UTC

  Feisty Uruguay wins respect from neighbours and investors

  

  The following feature piece from Reuters written by Hillary Burke and Malena Castaldi gives an idea of Uruguay’s international standing.

• Saturday, August 20th 2011 - 06:34 UTC

  Argentina’s industrial output in July could be feeling the Brazilian pinch

  

  In spite of the good overall performance of the Argentine economy with annual growth estimated at 8.2%, industrial output had a lower showing and climbed 7.6% in July over the same month last year, according to the Industrial Monthly Estimator, EMI.

• Saturday, August 20th 2011 - 06:30 UTC

  Consumers’ inflation expectation in Argentina remains steady at 25%, says UTDT

  

  Argentina's 12-month inflation expectations were unchanged for a sixth straight month in August, according to a closely watched survey published by the Torcuato Di Tella University.

• Saturday, August 20th 2011 - 06:28 UTC

  Argentine economy steams ahead at an annual rate of 8.2% in June

  

  Argentina's economy grew by a wide margin in June on the back of a consumer spending spree and solid demand for the country's grains and manufactured goods overseas, according to the national statistics office, Indec.

• Saturday, August 20th 2011 - 06:26 UTC

  “Years to lower unemployment” with US economy so slow, says Fed member

  

  The United States economy is growing so slowly that it will take years to wrench lofty unemployment rates back to normal levels, Cleveland Federal Reserve Bank President Sandra Pianalto said.