The recovery of the Uruguayan economy from the 2002 crisis has exceeded all expectations but continued efforts are needed to entrench macroeconomic stability, deepen structural reforms and reduce vulnerabilities, reports the IMF in the last reviews of a stand by arrangement with Uruguay.
BUENOS AIRES ÃÂ¢€” Italy's Gruppo Beltrame, Europe's fifth largest steelmaker, is considering plans to build its first plant outside Europe in Argentina at a cost of about 53 million dollars to manufacture plate for the shipbuilding sector, Río Santiago shipyard (ARS) said in a statement.
China will continue to pursue a prudent monetary policy in the coming months, aiming to keep the Yuan exchange rate stable at a reasonable and balanced level, said Monday China's Central Bank in Beijing.
The US dollar closed in Chile at its highest in two months last week, 531 pesos, following the continuous drop in copper prices, the country's leading export.
Moody's Investors Service upgraded the foreign- and local-currency bond ratings of Uruguay to B1 from B3 following a steady improvement in fiscal performance, a reduction in external and government debt ratios, and a significant reduction of refinancing risks.
It's beginning to sound like a scratched CD, but supplies of soybeans are large.
The market, though, is bidding up soybeans so producers will keep soybeans in their rotation for 2007.
U.S. ending stocks for Aug. 31, 2007 are projected at 565 million bushels.
A high number of Latin Americans are concerned about a shortage of jobs, according to the 18-country Latinobarómetro released by The Economist. 45 per cent of respondents in Panama select unemployment as the most important problem, followed by 39 per cent in Uruguay and 37 per cent in Nicaragua.
The Foreign Investment Committee (FIC) reported that in 2006 the amount of foreign investment in Chile reached US$4.815 billion, 183 percent higher than in 2005.
United States producers' prices (wholesale prices) registered last November the biggest increase in three decades, while the housing slump showed signs of bottoming out.
Brazilian manufacturers expressed Tuesday their frustration given the absence of an official reforms agenda to help thrust economic growth next year which is forecasted to be in the range of 3.5%.