Economy

• Tuesday, July 6th 2010 - 09:29 UTC

  Brazilian development bank lending level and rates triggers controversy

  

  Brazil’s state development bank President Luciano Coutinho rejected criticism that record lending is placing a burden on the central bank to keep inflation in check and slowing the reduction of public debt.

• Tuesday, July 6th 2010 - 09:17 UTC

  Automotive production and exports soar in Argentina

  

  Automotive production rates in Argentina increased 46.6% year-on-year in June to 65,256 units, according to the ADEFA Argentina car-makers' association. The rates are promoting the domestic economy.

• Tuesday, July 6th 2010 - 07:20 UTC

  IMF needs to find ‘adequate balance between economics and politics’

  

  The International Monetary Fund should find an adequate balance between economics and politics, and take advantage of its cross-country experience to deepen its engagement in the Western Hemisphere and improve the effectiveness of its economic policy advice, a group of high-level advisors recommended Monday.

• Monday, July 5th 2010 - 05:18 UTC

  EU takes Argentina’s “restrictive measures” on trade to the WTO

  

  The first week of negotiations in years between the European Union and Mercosur to reach a political and trade association agreement that took place in Buenos Aires did not end well.

• Monday, July 5th 2010 - 05:05 UTC

  IDB president Moreno forecasted to be re-elected this week for five more years

  

  The Inter American Development Bank will be electing new President this week, but with the nomination period closed last June 26 and no names presented, Colombia’s Luis Alberto Moreno seems certain to be re-elected.

• Monday, July 5th 2010 - 04:51 UTC

  Venezuela and Chile to preside over another Latam unity group

  

  Venezuela and Chile will jointly preside over a new regional block to promote integration in the Americans but excluding United States and Canada was announced over the weekend during a meeting of Foreign Affairs ministers in Venezuela.

• Sunday, July 4th 2010 - 03:44 UTC

  World Bank committed 17.9 billion USD is support of Latam in 2010

  

  The World Bank Group (WBG) committed 17.9 billion US dollars in fiscal year 2010 –a slightly higher figure over last year’s record lending of 17.1 billion- to support countries in Latin America and the Caribbean (LAC) as they recover from the global financial crisis and resume a path of sustained growth, according to the latest report from the multilateral organization.

• Friday, July 2nd 2010 - 03:47 UTC

  Consumer goods imports make Brazil’s trade surplus fall 44% in first half of 2010

  

  Brazil’s trade surplus fell 44% in the first half of 2010 from the same period a year ago as domestic growth boosted imports of consumer goods and exports missed estimates, the Trade Ministry said.

• Thursday, July 1st 2010 - 21:10 UTC

  Construction slump in Punta Arenas lifts unemployment to 6%

  

  Unemployment in the extreme south of Chile, Magallanes Region, increased for the second mobile quarter running and now stands at 6% with construction industry receiving the heaviest blow, according to the latest release from the regional Statistics Office, INE.

• Thursday, July 1st 2010 - 07:22 UTC

  Latinamerica, one of the very few benefiting from Spain’s EU presidency

  

  Spain's ambitious six-month presidency of the EU was eclipsed by the European debt crisis which thrust the country's fragile economy into the global spotlight and weakened the Spanish government, analysts said.