Economy

• Thursday, March 24th 2011 - 07:14 UTC

  Argentine economy growing strong, benefits from imports’ restrictions

  

  Argentina's industrial output rose sharply and the trade surplus beat market expectations during the month of February signalling that the economy is still growing strong.

• Thursday, March 24th 2011 - 07:08 UTC

  Federal Reserve board member warns about “extraordinary speculative activity”

  

  United States Federal Reserve Bank of Dallas President Richard W. Fisher said he sees “extraordinary speculative activity” in the US after the central bank pumped record amounts of stimulus into the economy.

• Thursday, March 24th 2011 - 06:32 UTC

  Bank of England remains divided 6 to 3 on interest rate hike

  

  Six members of the Bank of England’s nine-strong Monetary Policy Committee, including Governor Mervyn King, continued to oppose the minority campaign for an immediate rise in benchmark UK interest rates at the MPC’s meeting two weeks ago, minutes revealed Wednesday.

• Thursday, March 24th 2011 - 03:11 UTC

  Inflation in Uruguay feeling impact of 11.4% private domestic demand expansion

  

  Private domestic demand was a crucial element in the 2010 performance of the Uruguayan economy that expanded 8.5%, for the eighth year running, according to the latest report from the Central bank. But inflation is also running well above target.

• Wednesday, March 23rd 2011 - 19:47 UTC

  Argentina forecasted to expand 6.8% in electoral year with 25% inflation

  

  Goldman Sachs raised its forecast for Argentina’s economic growth in 2011 after the economy expanded last year at the fastest pace since 2005. Alberto Ramos Goldman Sachs economist raised the GDP expansion estimate to 6.8% from a previous 5.6%, according to an e-mail statement.

• Wednesday, March 23rd 2011 - 19:43 UTC

  Good year for lemons and orange juice, but nor for tangerines and grapefruits

  

  World lemon and orange juice production is set to grow while the crop of tangerines and grapefruits are forecasted to drop according to a citrus trade report from the US Department of Agriculture.

• Wednesday, March 23rd 2011 - 19:30 UTC

  Uruguay expands record 8.5% in 2010; forecasts 6% this year

  

  The Uruguayan economy completed in 2010 the eighth year running of expansion having recorded 8.5%, which together with 2008 and 1998 makes them the best three years of the last two decades. Uruguay managed to skip the 2009 global recession with a 2.9% expansion.

• Wednesday, March 23rd 2011 - 02:44 UTC

  Brazil reiterates significance of Mercosur and strategic relation with Argentina

  

  Brazil reaffirmed the significance of Mercosur for President Dilma Rousseff administration’s foreign policy and underlined the strategic relation with Argentina, Brazil’s main associate in the trade block.

• Tuesday, March 22nd 2011 - 23:34 UTC

  Tepco will have to compensate farmers around Fukushima area, says Japan

  

  Tokyo Electric Power (Tepco) will have to compensate farmers for losses caused by the nuclear radiation leaking from its power plants, Japan has said.

• Tuesday, March 22nd 2011 - 22:51 UTC

  UK Consumer prices index soars to 4.4% in February; 15 months above target

  

  The UK Consumer Prices Index (CPI) annual rate of inflation has risen to 4.4%, up from 4% in January. This was driven by higher food, fuel and clothing costs and was the highest level for more than two years.