Economy

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.
Monday, May 3rd 2010 - 04:14 UTC
Auto Industry Investment Plans Confirm Brazil as One of Five Main Global Markets

The Brazilian automotive industry will invest 11.2 billion US dollars over the next two years to 2012, an amount that tops the 8.1 billion of the three preceding years, local media said Saturday.
Monday, May 3rd 2010 - 02:24 UTC
Euro Zone and IMF Agree to 110 Billion Euro Aid for Greece; Summit in Brussels

Euro zone members and the IMF have agreed to a 110 billion Euro (146.2 billion US dollars) three-year bailout package to rescue Greece's embattled economy. In return for the loans, Greece will make major austerity cuts which Prime Minister George Papandreou said involved “great sacrifices”.
Saturday, May 1st 2010 - 08:36 UTC
Argentina Publishes Terms of the Defaulted 20 Billion Bonds Swap

The Argentine government has published the offer to swap 20 billion US dollars in defaulted bonds on specialized media around the globe and on www.argentina2010offer.com website.
Saturday, May 1st 2010 - 07:28 UTC
Euro Zone Leading Bank Praises Latam Growth and Financial System

Latin America currently has “the best financial system in the world”, said Francisco Luzón, member of the Board and head of the Latin American Division of Spain’s Banco Santander (NYSE:STD), the biggest bank by market capitalization in the Eurozone.
Saturday, May 1st 2010 - 07:21 UTC
China at the Centre of the World with the Opening of Shanghai World Expo

The Shanghai World Expo has got underway Friday evening with a dazzling display of artistic performances, fancy fireworks and high technologies at the opening ceremony.
Saturday, May 1st 2010 - 02:16 UTC
Taxes in UK Must Rise Sharply Anticipates Think Tank

Taxes in Britain must rise sharply over the next decade to bring down borrowing, according to the National Institute of Economic and Social Research (NIESR). In a report, the think tank said taxes would have to rise by the equivalent of 6p on the basic income tax rate to get the budget deficit below 3% by 2020.
Saturday, May 1st 2010 - 02:13 UTC
US Economy Expands 3.2%, Third Consecutive Quarter of Growth

The US economy grew in the first three months of this year, but at a slower rate than the previous quarter. US consumer spending saw its biggest increase in three years in the first three months of 2010, which drove the country's overall economy to its third consecutive quarter of growth.
Saturday, May 1st 2010 - 01:07 UTC
Brazilian Central Bank Purchases Dollars to Limit Gains in the Real

Brazil’s Real fell on Friday for the first time in three days as the government stepped up efforts to limit gains in the currency. The real lost 0.6% to 1.7384 per dollar at the end of the week after increasing 2.4% in April and 1.1% for the week.
Thursday, April 29th 2010 - 07:18 UTC
Farm Exports Leading Latam Strong Recovery, Says FAO

Latinamerica and the Caribbean are undergoing a strong recovery boosted mainly by agriculture exports, said José Graziano da Silva, head of FAO’s regional office in Panama, during the presentation of the Report on Agriculture and Rural Development 2010 Prospects for Latinamerica.