Economy

Thursday, November 4th 2010 - 19:31 UTC
Emerging economies ready to counter the Federal Reserve latest liquidity injection

Asia and Latinamerica emerging economies anticipated that they would be implementing new measures to limit the inflow of capitals following on the United States Federal Reserve announcement that it would pump more liquidity into the faltering US economy.
Thursday, November 4th 2010 - 18:19 UTC
Overseas investment cap for Chilean pension funds increased from 60% to 80%

Chile's central bank said on Thursday it would gradually raise foreign investment limits for pension funds to 80% from 60% as it seeks to counter the recent sharp appreciation of the Chilean Peso.
Thursday, November 4th 2010 - 17:51 UTC
Uruguay the most prosperous country in Latinamerica says Legatum Institute

Uruguay is the highest positioned Latinamerican country in the 2010 list ranking the prosperity of 110 of the world’s nations by the London analytical centre Legatum Institute and its Legatum Prosperity Index.
Thursday, November 4th 2010 - 15:50 UTC
Uruguay leads the region in direct foreign investment percentage increase: 35.4%

Uruguay is the country in Latin America and the Caribbean which experienced the highest percentage increase in direct foreign investment during the first half of the year, according to the latest report from the United Nations Economic Commission for Latin America and the Caribbean, Cepal.
Thursday, November 4th 2010 - 05:23 UTC
Brazil warns more Fed liquidity could lead to protectionist policies

Brazil said on Wednesday it was worried by the US Federal Reserve's plan to buy billions more dollars in bonds, saying the US policy of easy money could lead countries to enact protectionist policies.
Thursday, November 4th 2010 - 02:09 UTC
Colombia takes measures to stem appreciation of the local currency

Colombia’s government and central bank announced new measures to stem a rally in the peso after President Juan Manuel Santos expressed concern its appreciation is hurting exporters and job growth.
Thursday, November 4th 2010 - 02:08 UTC
China set to grow 10% this year, but risks of property bubble warns World Bank

The World Bank has raised its growth forecasts for the Chinese economy. However the bank warns of risks from the surging property market and bank lending.
Wednesday, November 3rd 2010 - 23:40 UTC
Spanish newspaper El Pais launched this week its Chilean edition

The Spanish newspaper El Pais is strengthening its presence in Latin America after starting this week with an edition in Chile that will be distributed together with the Santiago daily La Tercera.
Wednesday, November 3rd 2010 - 23:29 UTC
Fed decides to pump an additional 900 billion USD to the US economy

The Federal Reserve announced Wednesday it will pump 600 billion US dollars into the US economy by the end of June next year to try and boost the fragile recovery. The stimulus equates 75 billion USD a month, slightly more than economists had expected.
Wednesday, November 3rd 2010 - 04:35 UTC
Argentine president reaffirms current “economic and social development model”

Argentine president Cristina Fernandez de Kirchner (CFK) vindicated and praised the economic model launched by her husband and predecessor, deceased former head of state Nestor Kirchner. She also promised to deepen the model.