Economy

• Friday, September 10th 2010 - 03:21 UTC

  Goldman Sachs fined 27 million USD in UK for “inadequate disclosure”

  

  The United Kingdom financial watchdog slapped a 27 million US dollars fine on Goldman Sachs for inadequate disclosure of a US probe into the Wall Street powerhouse.

• Friday, September 10th 2010 - 02:33 UTC

  Venezuela food prices drop in August ahead of crucial congressional election

  

  Venezuela reported the slowest monthly inflation of the year in August after the government moved to tackle sporadic food shortages by importing more goods ahead of the September 26 congressional elections.

• Thursday, September 9th 2010 - 23:08 UTC

  India increasing trade and investment links with Peru

  

  Following closely on the steps of China but with lesser exposure India is increasing trade, investment and business links with Latin America, the latest of which a Bussiness seminar in Lima, Peru.

• Thursday, September 9th 2010 - 23:03 UTC

  FT describes Uruguay and Paraguay as “Latin America’s impressive little guys”

  

  Under the heading of “Latin America’s impressive little guys, Uruguay and Paraguay”, the Financial Times praises the two countries for “punching above their weight” and catching the attention of foreign corporate investors.

• Thursday, September 9th 2010 - 22:52 UTC

  Forbes: Chile, Peru, Colombia, best countries for business in Latin America

  

  Chile, Peru, Colombia are listed among the Best Countries for Business according to a ranking from the US Forbes magazine which includes 129 countries taking into consideration several indexes: GDP growth, GDP/capita, trade balance, population and budget affairs.

• Thursday, September 9th 2010 - 05:42 UTC

  Strong showing of Chilean economy anticipates 5.5% GDP expansion in 2010

  

  The recent 7.1% spurt in Chile’s economic growth registered by the Imacec index (a monthly indicator for economic activity) has made analysts increasingly bullish about Chile’s long-term growth prospects.

• Thursday, September 9th 2010 - 05:33 UTC

  Argentina’s industrial production expands 11.8% in first seven months of 2010

  

  Argentina's industrial production rose sharply on the year in July but slowed somewhat from the brisk pace posted in June, the manufacturing group UIA said in a report Wednesday.

• Thursday, September 9th 2010 - 05:26 UTC

  Japanese Yen rallies to 15-year high on China’s record purchase of bonds

  

  As the Yen rallied to a fifteen year high against the US dollar, Japan’s government said it will seek discussions with China over the nation’s record purchases of Japanese bonds as an appreciating currency threatens to undermine an economic recovery.

• Thursday, September 9th 2010 - 02:35 UTC

  Latin America and the Caribbean the most unequal region in the world

  

  Latin America and the Caribbean is the most unequal region in the world with ten of the fifteen countries with the highest levels of inequality in the region. This inequality is persistent, self-perpetuating in areas where social mobility is low and it poses an obstacle to progress in human development.

• Wednesday, September 8th 2010 - 11:56 UTC

  Piñera ready to present 700m/1bn USD mining royalty bill

  

  After many negotiations and discussions, the Chilean government’s set deadline for a new mining royalty bill is here. This week, the Chilean government will present its bill before Congress - with or without the much awaited proposal by the opposition parties.