Economy

Tuesday, August 10th 2010 - 11:39 UTC
Chilean economy recovering strongly shows Central bank data

Chile’s Central Bank released the Economic Activity Index (IMACEC) results for June on Sunday showing an increase in economic activity of 6.8%, over June 2009. The results showed an increase in activity across the board — from the transportation and electric industries, to gas and water.
Tuesday, August 10th 2010 - 01:30 UTC
Argentina confident it can issue debt in US dollars below 9% interest rate

Argentine Economy Minister Amado Boudou confirmed what newspaper Ámbito Financiero had anticipated a week ago: the plan is to issue debt in US dollars but below the 9% mark, which with the current panorama may allow for an even lower percentage index.
Monday, August 9th 2010 - 07:46 UTC
Argentina's warning to would-be Euro deserters

The tensions between the eurozone's north and south, and the complex and politically costly transfers of money required to dampen the euro crisis, have led many people to think the unthinkable: saving Europe's common currency may require that some countries abandon it.
Monday, August 9th 2010 - 07:36 UTC
To spend or not to spend: Is that the main question?

The debate over fiscal policy has reached a fork in the road. One way leads to maintaining or increasing the fiscal stimulus. This column argues that policymakers should take the other path. This would mean phasing out government expenditure while phasing in social protection programmes at the risk of a double-dip recession but potentially resulting in a more vibrant economy.
Saturday, August 7th 2010 - 06:03 UTC
Employment in US down; fears about strength of economic recovery

Employment in the United States fell for a second straight month in July as more temporary census jobs ended while private hiring rose less than expected, pointing to an anaemic economic recovery.
Saturday, August 7th 2010 - 00:43 UTC
Brazil ready to confirm another record crop: 147.1 million tons

Brazil is poised to confirm its largest crop ever, 147.1 million tons in 2009/2010, which is 9% higher that the 135.1 million of 2008/09 according to the latest survey from Conab, the country’s National Supply Agency. The latest record was in 2007/08 with 146 million tons.
Friday, August 6th 2010 - 22:20 UTC
Bolivia’s gas reserves ‘comfortably’ sufficient for the next twenty years

Bolivia’s proven gas reserves stand at 19 trillion cubic feet, which means the country can address domestic and foreign demand comfortably during the next 20 years announced Friday by Energy and Hydrocarbons minister Fernando Vincenti.
Friday, August 6th 2010 - 06:05 UTC
Argentine businessmen demand strong institutions and respect for private sector

Argentina’s most powerful business organizations and personalities made a strong presentation in support of the legal system and the private sector as indispensable conditions for a sustained and continued economic development that includes all Argentines.
Friday, August 6th 2010 - 06:03 UTC
Euro zone benchmark rate unchanged, but ECB needs to absorb extra liquidity

European Central Bank President Jean Claude Trichet said Europe is recovering faster than forecast and money markets are improving, paving the way for the ECB to phase out liquidity tools used to fight the financial crisis.
Friday, August 6th 2010 - 06:01 UTC
Bank of England leaves rate on hold at 0.5%; concerns over recovery strength

The Bank of England has voted to keep interest rates on hold at 0.5% amid concerns over the strength of the economic recovery. The decision by the bank's Monetary Policy Committee (MPC) means rates will stay at their current record low for an 18th month. It suggests the committee does not see high inflation as a serious concern.