Controversy erupted in Britain following reports in the London press that the Royal Navy will experience a drastic cut to its surface fleet and promotion for RN officers is to be frozen for five years as a result of cost cutting measures.
Five years after the melting of the Argentine economy and one of the country's major financial setbacks including a massive devaluation, Argentina has the least valued currency against the US dollar, according to a panel of economists from J P Morgan investment bank.
Exports of Chilean bottled wine to foreign markets are increasingly lucrative, with wine prices increasing in nine of the top ten market destinations between January to November last year.
The European Union called on the United States to show leadership in reviving the stalled Doha trade talks ahead of meetings in Washington next Monday of top EU officials with President George W. Bush and the new Democrat congressional leaders.
Chile's exports ÃÂ¢€ at least in terms of dollar amounts ÃÂ¢€ rose dramatically in 2006, fueled in large part by record high copper prices.
Argentina in the first ten months of 2006 exported 376.000 tons of rice valued at 98 million dollars US dollars, half of which to Mercosur partner Brazil, which is also its main trading partner.
Chile's Consumer Prices Index, IPC, ended at 2.6% in 2006 with a last 0.1% push from December, according to the latest release from the country's Statistics Institute, INE.
Argentina has filed a dispute complaint against Chile before the World Trade Organization (WTO) after Chile in mid December imposed a 23-percent additional safeguard on some dairy products imported from Argentina.
China's central bank under international pressure to make the yuan more flexible will in 2007 pursue a stable currency policy to promote economic growth.
Uruguay's Minister of Economy Danilo Astori announced Wednesday the country's economy would expand 4.6% in 2007, after having finished the third year running of expansion above the region's average.