Economy

• 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.

• Wednesday, September 8th 2010 - 04:16 UTC

  Chilean regional airports international passenger traffic up 55% in five years

  

  Increased travel to Chile’s tourist sites, tax free zones, and mining areas have necessitated greater travel to regional airports, the Civil Aeronautics Board reported last week. As a result, Iquique and Easter Island lead in the number of flights, followed by Arica and Punta Arenas.

• Wednesday, September 8th 2010 - 02:32 UTC

  EU follows US and approves new framework for financial supervision

  

  The European Union finance ministers agreed Tuesday to establish a new framework for financial supervision, designed to help prevent future financial crises. The measures include a European Systemic Risk Board to oversee the health of Europe's economy.

• Wednesday, September 8th 2010 - 01:55 UTC

  FAO says there is no world food crisis, but fears market anxiety and panic buying

  

  Food commodities markets will remain more volatile in years ahead and the international community will need to develop appropriate ways of dealing with that, a top FAO official said Tuesday.

• Wednesday, September 8th 2010 - 01:53 UTC

  Paraguay vaccinating against FMD; fears about Bolivia’s cattle sanitary condition

  

  Paraguay has already vaccinated 74% of its cattle heard against foot and mouth disease FMD, which is considered very positive, but there are lingering doubts about the sanitary situation in Bolivia that remains a threat for Mercosur, the world’s leading exporter of beef.

• Wednesday, September 8th 2010 - 01:51 UTC

  US “run out of bullets” to stimulate the economy, says Roubini

  

  Influential market commentator and New York University Professor Nouriel Roubini believes the US has ‘run out of bullets’ in its efforts to stimulate the economy and expects it to drag the global economy back into recession.

• Wednesday, September 8th 2010 - 00:38 UTC

  Ten years to recover Argentina’s cattle herd, if current policies are changed

  

  Recovering Argentina’s herd to 2007 levels will require at least ten years even if current policies, which have caused its downfall, are drastically changed, according to a report from the Catholic University of Argentina released last month.