Economy

• Saturday, May 21st 2011 - 09:40 UTC

  Inflation expectations in Argentina for the next twelve months: 29.5%

  

  Inflation expectations for the next twelve months in Argentina dropped to 29.5% in May from 30.3% in April according to the latest report from the Financial Investigation centre from the Torcuato Di Tella University, CIF.
  This is the first time in twenty months that the index is below 30%.

• Saturday, May 21st 2011 - 09:34 UTC

  Brazil/Argentine dispute abating as trade begins to normalize

  

  The trade dispute among Mercosur main partners seems to be abating from the moment Brazil authorized on Friday the introduction of 1.000 cars manufactured in Argentina that had been retained in Customs since the implementation of non automatic import licences.

• Saturday, May 21st 2011 - 09:19 UTC

  Argentina April industrial production grows 8% over a year ago

  

  Argentina's industrial production rose a seasonally adjusted 8% on the year in April, led by an expansion in automobile, metals and chemical output. Manufacturing increased 0.5% in seasonally adjusted terms from March, the national statistics agency, Indec, reported Friday.

• Saturday, May 21st 2011 - 09:14 UTC

  US processor building 180.000 tons storage grain terminal in Uruguay

  

  US agricultural processor Archer Daniels Midland Co said this week it was building a grain export terminal in Nueva Palmira, Uruguay, capable of loading large bulk shipments of corn, wheat, soybeans and soy-meal.

• Saturday, May 21st 2011 - 09:06 UTC

  Brazilian auto workers on strike demanding improved profit-sharing

  

  Brazilian workers at a factory operated by the local unit of U.S. auto maker General Motors Co. walked off the job Friday, calling a 24-hour strike to protest the company's latest profit-sharing offer.

• Friday, May 20th 2011 - 19:29 UTC

  Brazil’s Golden Age–or Parade of White Elephants?

  

  by COHA Research Associate Augustus Urschel.
  The 2014 World Cup and 2016 Olympics.
  Winning the 2014 World Cup and 2016 Summer Olympic bids continues to have both intended and unexpected consequences for this year’s miracle country. On November 28, 2010, Brazilian police and soldiers seized the Complexo do Alemão, a large favela in the Northern Zone of Rio, from drug lords.

• Friday, May 20th 2011 - 10:42 UTC

  Piñera submits bill to repeal financing military expenditure with copper exports

  

  Chilean President Sebastián Piñera signed a bill which, if approved by Congress, would eliminate a substantial source of revenue for Chile’s Armed Forces. Under current legislation, 10% of all export revenues from Chile’s National Copper Corporation (CODELCO) are directed to the Superior Council of National Defence, to be spent on weaponry and equipment.

• Friday, May 20th 2011 - 10:16 UTC

  China says new IMF chief should better represent emerging economies

  

  The new leadership of the IMF should reflect changes in the world economic order and be more representative of emerging market economies, People’s Bank of China Governor Zhou Xiaochuan said on Thursday.

• Thursday, May 19th 2011 - 21:47 UTC

  Central banks in ‘gold rush’ to diversify reserves

  

  Mexico, Russia and Thailand added gold now valued at about 6 billion US dollars to their reserves in the first quarter of 2011 as metal prices advanced to a record, the dollar weakened and US Treasuries lost investors money.

• Thursday, May 19th 2011 - 17:28 UTC

  Japan falls into recession following March’s triple blow

  

  Japan's economy shrank much more than expected in the first quarter and slipped into recession after the triple blow of the March earthquake, tsunami and nuclear crisis hit business and consumer spending and tore apart supply chains.