Economy

• Thursday, September 30th 2010 - 04:46 UTC

  Peru, Chile, Colombia integrate stock-exchange operations

  

  Integrated Peruvian, Chilean and Colombian stock-exchange operations are set to begin November 22 announced the president of Peru's stock exchange Roberto Hoyle who said that the integration would attract investors and increase competitiveness .“The integration will be an important step to increasing attractiveness and competitiveness, as well as greater capital flows,” said Hoyle.

• Thursday, September 30th 2010 - 02:49 UTC

  Chilean exporters want government support to face weakening US dollar

  

  Chilean exporters associations of farmers and manufacturers announced they will be requesting government intervention in the foreign exchange market because the “cheap” dollar is threatening their competitiveness edge and profits.

• Thursday, September 30th 2010 - 02:32 UTC

  IMF calls for tighter supervision of credit rating agencies

  

  Credit rating agencies need tighter supervision because their activities have a strong impact on funding costs for debt issuers and can affect financial stability, the International Monetary Fund said.

• Thursday, September 30th 2010 - 02:24 UTC

  Beef to become ‘the salmon of fifty years ago’ and the ‘caviar of the future’

  

  The Food and Agriculture Organization, FAO, forecasts that beef will become an extremely luxury good world wide by 2050 because of soaring production costs.

• Thursday, September 30th 2010 - 00:51 UTC

  Latinamerican banks meet in Punta del Este to analyze post-crisis opportunities

  

  More than 1500 participants from the banking world are expected to attend the November assembly of the Latinamerican Federation of banks, Felaban, to be held in Punta del Este, Uruguay.

• Wednesday, September 29th 2010 - 19:15 UTC

  Latam forecasted to grow 5.5% to 6% this year, spurred by Mercosur members

  

  World Bank's Chief Economist for Latin America and the Caribbean Augusto de la Torre said that the Latin American economy will grow between 5.5 and 6% this year spurred mostly by a good performance from Mercosur members.

• Wednesday, September 29th 2010 - 04:40 UTC

  IMF head sees “no major danger” of escalation of currency devaluations

  

  International Monetary Fund Managing Director Dominique Strauss-Kham sees no major danger of an escalation of currency devaluations as countries seek to boost economic growth.

• Wednesday, September 29th 2010 - 04:38 UTC

  Argentina chairs G-77; CFK demands effective multilateralism

  

  President Cristina Fernández de Kirchner led on Tuesday in New York the 34th G-77 annual meeting to celebrate Argentina's appointment as the group's chairmanship.

• Wednesday, September 29th 2010 - 04:27 UTC

  Record gap between the richest and poorest in the US, according to Census

  

  The income gap between the richest and poorest in United States grew last year to the widest amount on record as young adults — and children in particular — struggled to stay afloat in the recession.

• Wednesday, September 29th 2010 - 01:14 UTC

  Argentina gold production up 21% this year estimated to reach 2.05 million ounces

  

  Argentina’s gold production will rise by about 21% in 2010 from a year earlier, Mining Secretary Jorge Mayoral announced in Buenos Aires.