Economy

• Wednesday, January 26th 2011 - 18:14 UTC

  Argentine Wheat Exports May Fall to Lowest in Almost Three Decades

  

  Wheat sales for the 2009-2010 season in Argentina are primarily from the crop harvested through January 2010, which was curbed by water shortages, reports Bloomberg.

• Wednesday, January 26th 2011 - 17:17 UTC

  Davos Economic Forum Gets Underway, Adjusting to “New Reality”

  

  Adjusting to the “new reality,” was top of the agenda at the World Economic Forum on Tuesday. Some 2,500 business leaders, politicians and social activists are looking forward, while trying to anticipate unexpected shocks, it was reported.

• Tuesday, January 25th 2011 - 01:28 UTC

  Risk of Latin American Economies Overheating

  

  The International Monetary Fund (IMF) has warned of the risks of inflation and overheating of the economy in Latin America, at a forum held in Paris.

• Monday, January 24th 2011 - 20:16 UTC

  Pacific Ring Countries to Make Energy Sharing Plans

  

  Future cooperative agreements among the countries of the Pacific Ring could reduce electricity costs in Chile’s far north by up to 25 percent. Chile’s energy costs are currently the highest in the region.

• Monday, January 24th 2011 - 04:52 UTC

  Argentine Farmers End Protest: For Now

  

  The farmers’ strike which has been taking in place in Argentina for the past week ended on midnight Sunday but the leaders have warned that members of the relevant rural entities will meet in two weeks, to discuss further measures and that they do not rule out another strike. The current measures had put a halt to the sale of grains.

• Sunday, January 23rd 2011 - 16:26 UTC

  Opportunity for Latin America?

  

  The dynamics of the past few months regarding the price of oil, prime materials and food stuffs, worryingly reminds us of what happened to the world economy mid-2008. At the time the sky high price of oil – which reached U$147 a barrel - and the food crisis caused havoc.

• Saturday, January 22nd 2011 - 07:02 UTC

  Oil Price in Venezuela at Two Year High

  

  Figures released by the Venezuelan Ministry of Energy and Petroleum said the average price of crude oil sold by Petroleras de Venezuela (PDVSA) rose this week to U$ 86.79 up from U$ 85.987 last week.

• Thursday, January 20th 2011 - 23:05 UTC

  Uruguayan Low Unemployment Causing Problems

  

  To have low unemployment is something most countries would be proud of and not moan about. However, in Uruguay unemployment is at an all-time low of 6.1% and is causing concern among economists, human resource companies and businesses, reports the BBC.

• Thursday, January 20th 2011 - 16:52 UTC

  UK Unemployment at Record High

  

  The latest figures from the Office of National Statistics show that the number of unemployed in the UK has increased by 49,000 to 2.5 million, with a record number of young people out of work.

• Thursday, January 20th 2011 - 16:44 UTC

  Brazil Raises Interest Rate to 11.25%

  

  Brazil’s Central Bank has increased its key interest rate to 11.25% in the hope of halting inflation. The rate has gone up from 10.75% and is the first under the Government of President Vilma Rousseff, who came in to office earlier this month.