In spite of Uruguay’s good macroeconomic performance there are weak points and a productivity shock, fiscal austerity plus regional coordination to address external surprises should be considered, said Enrique Iglesias, economist, former banker and currently Ibero-America Secretary General.
The price of gold has hit another record high as investors worry about inflation and Europe's budget troubles. Tuesday morning it was trading at $1,421 an ounce.
Growth rates in the world's developed economies are set to diverge, the OECD said, with the recovery losing steam in France, Brazil, Canada, China, Italy and Britain, but picking up pace in Germany, Japan and the United States.
Scottish farmers have openly expressed their opposition to the ongoing trade talks between the European Union and Mercosur demanding guarantees on human health, animal health and food safety before any additional access for imported products from the South American block is agreed.
Risks are still high that developed nations will face difficulties in rolling over their debt and possibly trigger a crisis the International Monetary Fund said in its “Fiscal Monitor” report released this month.
A recent study shows Chileans’ low sensitivity to one of the nation’s biggest problems—poverty. Despite that 58.8% of Chileans say they believe poverty to be one of the country’s biggest problems only 15.3% say they feel responsible for the low quality of life of those who have limited resources.
VETERAN Argentine wool-man Joaquin (Jack) B Allolio (71) whose Falklands/Argentine agricultural trade ambitions were interrupted by a war, is to achieve his dream of returning to the Falkland Islands after thirty years.
World Bank President Robert Zoellick has called on bickering G-20 nations to bring gold back into the global monetary system as an anchor to guide currency movements.
The Brazilian Confederation of Industry, CNI, is strongly lobbying president-elect Dilma Rousseff who takes office next January first to adopt additional measures to help contain the strong appreciation of the Real vis-à-vis the US dollar.
Argentina’s Agriculture and Livestock minister Julian Domínguez and representatives from the cereals and oilseed markets coincided that Argentina will have a record crop this 2010/11 season and considerable export surplus of wheat and corn: 5.5 million and 18.5 million tons respectively.