Economists in a weekly central bank survey raised for a fifth straight week their forecasts for Brazil's benchmark inflation index in 2010 and 2011, underscoring concerns that growth in the economy will raise consumer prices in the months ahead, the bank said.
Brazil increased taxes on foreign investments in fixed-income securities for the second time in a month and Finance Minister Guido Mantega said countries trying to defend exports must end the “currency war.”
Luis Schmidt, the recently appointed Chilean ambassador to China, is already speaking out about his goals and needs as ambassador to the country that has become Chile's largest trading partner. Last month he attended the closing of the World Expo in Shanghai and in January will relocate to China
A senior IMF official tried to dampen talk of a global currency war, while China said it will stick to a gradual reform of its currency.
Capital flooding into Asia could lead to excessive exchange-rate moves, asset bubbles and financial instability, Domnique Strauss-Khan, the head of the International Monetary Fund, said in Shanghai Monday.
UN countries began to find common ground on some important and deep-seated problems contributing to global hunger, at a meeting of the Committee on World Food Security (CFS) in Rome.
The liberal policies carried out by former Argentine president Carlos Saúl Menem continue to reap the approval of the majority of businessmen that are attending an economic colloquy in the Argentine capital, reports the Buenos Aires Herald.
Alcohol, mainly wine has become cheaper than bottled water in New Zealand, a study showed Friday, with researchers warning there could be major implications for public health. However an independent television news investigation questioned the report.
Representatives from Chile’s Council of Food Exporters met this week for 90 minutes with the Chile’s Treasury Minister, Felipe Larraín, to express their concern over the loss of competitiveness in the sector as a result of the declining value of the US dollar versus the Chilean peso, and to propose a series of measures to address the issue.
Finance Minister Guido Mantega said the government is ready to take additional measures to limit gains in the Real, including stricter limits on risk exposure for investors in the futures market, should the currency continue to strengthen.