Economy

• Wednesday, May 5th 2010 - 06:14 UTC

  China’s Tightens Credit, Pushes Stock Markets to their Lowest in Seven Months

  

  China's stocks fell on Tuesday sending the benchmark index to the lowest in seven months, on concern ordering banks to set aside more reserves won't be enough to avert asset bubbles in the world's third-largest economy.

• Wednesday, May 5th 2010 - 06:03 UTC

  IMF Anticipates Good Prospects for Argentine Defaulted Bond Swap

  

  Given the high levels of global liquidity, Argentina should succeed in restructuring its 20 billion US dollars in defaulted bonds according to a senior official from the International Monetary Fund.

• Wednesday, May 5th 2010 - 02:54 UTC

  Argentina with the Highest GDP Per Capita PPP in 2009

  

  Argentina became the richest country in Latin America in 2009 as measured by GDP per capita purchasing power parity, PPP, according to a Latin Business Chronicle analysis based of new data from the International Monetary Fund.

• Wednesday, May 5th 2010 - 02:06 UTC

  Brazil to Announce Exports’ Stimuli Measures to Compensate for Strong Real

  

  The Brazilian Government is expected to announce Wednesday a number of exports' stimulation measures in order to try to compensate the area which claims losses caused by the strong Brazilian currency exchange rate and the drop of global commerce.

• Tuesday, May 4th 2010 - 19:20 UTC

  IMF Says Latam Recovering Faster than Expected but With “Bubble” Risks

  

  The recovery in Latin America and the Caribbean is advancing faster than anticipated but at different speeds across countries, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook-Western Hemisphere report, which was launched Tuesday in Montevideo, Uruguay.

• Tuesday, May 4th 2010 - 05:48 UTC

  European Central Bank Beefs Greek Rescue-Plan; Takes “Junk” Bonds as Collateral

  

  The European Central Bank (ECB) has moved to shore up the €110 billion EU/IMF rescue of Greece by offsetting the impact of the “junk” rating on the country’s debt.

• Tuesday, May 4th 2010 - 05:37 UTC

  Lula da Silva Confirms Paraguay the Promised Power Line and Bridge

  

  President Lula da Silva reassured Paraguay that Brazil will build the promised 500 kW power transmission line from the Itaipú dam to the capital Asunción, as well as a bridge over the Paraná River shared by both countries.

• Tuesday, May 4th 2010 - 05:29 UTC

  German Cabinet Approves Contribution to Greek Bail Out

  

  Germany's cabinet has approved its contribution to the Eurozone and IMF bailout of Greece. The German parliament is set to pass the legislation later this week to allow its loan—worth 22.4 billion Euros over three years—to be paid.

• Tuesday, May 4th 2010 - 05:20 UTC

  Almost Half of 43.7 Million Colombians Live Below the Poverty Line

  

  More than 20 million Colombians, 45.5% of the population live below the poverty line and 16.6% suffer extreme poverty, according to an official report released by the country’s statistics agency, DANE. The country’s total population is 43.7 million.

• Tuesday, May 4th 2010 - 05:06 UTC

  In First Three Days Chile’s Pavilion at Shanghai Expo Received 46.000 Visitors

  

  The Shanghai Expo in China officially opened its doors to the public on Saturday and Chile is one of more than 200 countries and companies showing their wares during the six-month event.