Uruguay has offered far better conditions for the export of Bolivian products from Uruguayan ports than Chile has, revealed on Friday Bolivian Foreign Affairs minister David Choquehuanca.
A Paraguayan delegation of government officials and private sector representatives will be travelling to China in the near future to begin conversations for the formal establishment of trade relations with Beijing, announced the country’s Foreign Affairs minister Hector Lacognata.
The Brazilian government is looking at restricting credit lines to Argentina in retaliation for its neighbor's efforts to stall local imports, reported on Friday the daily O Estado de S. Paulo.
A consensus has emerged Thursday at the expanded Group of Eight summit in Italy on the need to close the Doha Round on world trade talks by the end of next year. The World Trade Organization (WTO) talks began in 2001 and were aimed at lowering trade barriers for agriculture and the services sector and to boost trade and development for poor countries.
Financial magazine América-Economía this week ranked 60 Chilean companies among the top 500 businesses in Latin America on the basis of sales – five more than in 2007. Chile follows Brazil (212) and Mexico (126) in the ranking, surpassing bigger economies like Argentina (35) and Venezuela (7).
Bank of England Monetary Policy Committee adopted a wait and see stand as they held off from delivering more aid to the recession-blighted UK economy. The Bank had been expected to expand its quantitative easing (QE) programme - effectively printing money - by £25 billion to £150 billion, but took no further action after its two-day meeting.
United States widely respected investor and financial wizard Warren Buffet said on Thursday unemployment in the US could reach 11% and a second stimulus package could be needed to pull the world’s largest economy out of recession.
The leaders of G8 believe the world economy still faces significant risks and may need further help, but macro-economic stimulus “must be consistent with price stability and medium-term fiscal sustainability” according to summit documents that also reflect failure to agree climate change goals for 2050.
The Latinamerican economy is forecasted to contract 2.6% this year according to the latest estimates from the International Monetary Fund, with Mexico showing the worst performance plummeting 7.3% in 2009.
A United States regulator is to hold hearings to decide whether it should clamp down on speculation in the energy market.