Economy

• 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.

• Wednesday, November 3rd 2010 - 00:27 UTC

  China offers to finance US infrastructure and help create jobs

  

  China’s sovereign wealth fund has urged the Obama administration to spend 1trillion US dollars on infrastructure over the next five years, to create jobs and improve US competitiveness.

• Tuesday, November 2nd 2010 - 04:41 UTC

  Uruguayan exports expand 20% in value during first ten months of 2010

  

  Uruguayan exports expanded over 20% in value during the first ten months of the year with Brazil consolidating as the country’s main trade partner, according to a report from Uruguay’s Exporters Union.

• Tuesday, November 2nd 2010 - 04:40 UTC

  World Bank warns of “great uncertainty” in Argentina; policy corrections needed

  

  The death of former Argentine President Nestor Kirchner creates “great uncertainty” in South America’s second-biggest economy and a rally in stocks and bonds may have been unwarranted, the World Bank’s chief economist for Latin America said.

• Tuesday, November 2nd 2010 - 01:46 UTC

  President-elect Rousseff names business-friendly transition team

  

  Brazilian President-elect Dilma Rousseff named a market-friendly transition team on Monday as she prepares to take the helm of a booming economy threatened by heavy government spending and an overvalued currency.

• Monday, November 1st 2010 - 05:50 UTC

  Six South American countries with the worst income distribution inequality

  

  A newly released regional report on economic inequality ranked Chile as one of the top 15 countries in the world with the worst inequality of income distribution and declares Latin America and the Caribbean to be the region with the worst inequality worldwide.

• Monday, November 1st 2010 - 05:33 UTC

  EU agrees tough budget rules and mechanisms to anticipate “bubbles”

  

  EU leaders say tough new budget rules agreed at their summit in Brussels will protect the Euro from a future Greek-style debt crisis. The EU “sealed a solid pact to strengthen the Euro,” said European Council President Herman Van Rompuy.

• Monday, November 1st 2010 - 05:25 UTC

  Cattle prices in Punta Arenas soar pushed by world demand for beef

  

  After a decade of stalled values for live cattle in Punta Arenas, extreme south of Chile, prices for calves have almost trebled to over three dollars per kilo, which represents a 90% increase over a year ago.

• Monday, November 1st 2010 - 00:41 UTC

  Argentina’s business sector does not expect major changes in economic policy

  

  Argentina’s business sector does not expect major changes in the country’s current economic course following the death of former president Nestor Kirchner who was considered the man behind the scenes steering the main policy decisions.