Economy

• Monday, January 17th 2011 - 20:59 UTC

  Brazilean Central Bank Intervenes in Futures Dollar Market to Stop Real Appreciation

  

  Dilma Rousseff has taken measures to stop the appreciation of the real. The Brazilian Central Bank swapped all of the currency futures contracts in a reverse swap auction. This way the institution headed by Alexandre Tombini disembarks in the futures market.

• Monday, January 17th 2011 - 08:57 UTC

  Argentine farmers are back in a strike

  

  Argentine farmers have halted sales of wheat, corn and soy in a strike over export curbs, rekindling a dispute that helped drive global grains prices to record highs three years ago.

• Monday, January 17th 2011 - 05:51 UTC

  World Bank Projects Chile To Lead Latin American Growth In 2011

  

  The World Bank’s 2011 Global Economic Prospects (GEP) report predicts that Chile will be the fastest-growing economy in Latin America and the Caribbean, while the latter’s growth slows down.

• Tuesday, January 11th 2011 - 22:12 UTC

  Lack of rainfall in Argentina is pushing up prices for corn and soybeans

  

  Corn and soybeans advanced for a second day as dry weather stressed crops in Argentina, raising concerns the global deficit may be larger than estimated.

• Tuesday, January 11th 2011 - 22:08 UTC

  Inflation forces Argentina to urgent import of note bills from Brazil

  

  A shortage of bills that has led to lines and protests outside Argentine banks since mid-December may be resolved by next week after the country boosted imports of notes printed in Brazil.

• Tuesday, January 11th 2011 - 22:03 UTC

  Car sales in Argentina soar 43% in 2010; exports increase 38%, mostly to Brazil

  

  Total dealership car sales in Argentina rose by 43% year-on-year in 2010, the country's automobile manufacturers association Adefa said. This included both locally-produced cars and imports.

• Tuesday, January 11th 2011 - 21:56 UTC

  German bankers ready for the worst but confident they can cope with the situation

  

  Billions in loans have succeeded in pulling Greece and Ireland back from the brink of bankruptcy. But many bankers are still expecting the worst. A new Ernst & Young survey reports that almost half of German banking executives think at least one Euro-zone country will go bust.

• Tuesday, January 11th 2011 - 21:48 UTC

  Japan committed to stabilize the Euro and ensure growth in EU bilateral trade

  

  Japan is prepared to purchase over 20% of bonds that Euro-zone countries will be jointly issuing with the purpose of defusing tension and propping confidence in the Euro given the presistence of the European sovereign debt crisis, Finance Minister Yoshihiko Noda said on Tuesday in Tokyo.

• Tuesday, January 11th 2011 - 21:38 UTC

  FAO food prices index marks record; threat for global growth and social stability

  

  The United Nation's Food and Agricultural Organization, FAO, global food prices index reached a record high in December, 2010 reported the organization this week. The FAO food index tracks a basket of 55 key food commodities including items such as wheat, cooking oil and fats and sugar.

• Friday, January 7th 2011 - 05:22 UTC

  Falkland Islands: SAAS stoppage, director claims partners pressured

  

  THE planned increased use of containers for the shipment of fish, meat and wool received a blow this week with the news that the Islands’ only shipping service to South America is to end.