Economy

• Tuesday, January 5th 2010 - 13:00 UTC

  Dakar rally considered a “gold mine” for northern Chile tourism industry

  

  The Dakar Rally that began in the Southern Cone on New Year’s Day has some people applauding, but others not so happy. The Dakar Rally is divided between Argentina and Chile and includes eight days of racing in Chile before concluding January 16 in Buenos Aires.

• Tuesday, January 5th 2010 - 12:52 UTC

  Brazil’s main financial group has set eyes on UK’s rescued banks

  

  Brazil’s leading private banking institution Itaú-Unibanco denied London press reports it was interested in block-buying into UK banks that were saved from collapse in 2008 by the British government, as well as banks in other countries including United States, but admitted an interest in shares

• Tuesday, January 5th 2010 - 12:48 UTC

  Argentina car production booming expects record year in 2010

  

  Argentine car manufacturers are looking ahead with great optimism to what they consider an “excellent” 2010 when they expect to break several records, according to Cesar Luis Ramirez Rojas, president of the Argentine car manufacturers association

• Tuesday, January 5th 2010 - 12:33 UTC

  Uruguayan beef and vegetables in Argentina’s 2011menu

  

  Argentina is a nation that prides itself on having more cattle than people but because of erred policies may soon be forced to import beef to keep its meat-loving citizens happy at the dinner table.

• Thursday, December 31st 2009 - 11:12 UTC

  Uruguayan economy forecasted to grow 4%; peso appreciated 25% in 2009

  

  Uruguay’s peso achieved a record annual gain as neighboring Brazil’s economic recovery fueled demand for the country’s exports. The peso has jumped 25% this year, (9.4% in the last quarter) its biggest annual advance since the government created it in 1993 to replace the nuevo peso as part of an effort to stem surging inflation.

• Thursday, December 31st 2009 - 11:07 UTC

  Argentina’s stock market completes biggest annual gain in 18 years: 115%

  

  Argentina’s main stock index completed its biggest annual gain in 18 years. The Merval index’s 115% rise this year is its best performance since 1991 and reverses a 50% drop in 2008.

• Thursday, December 31st 2009 - 11:01 UTC

  Chile’s share-index advanced 51% in 2009; Peso 26% stronger

  

  Chile's leading share index ended 2009 with an annual gain of 51% as utility, retail and commodity stocks fuelled the biggest annual rise in 16 years. At the same time, Chile's currency, the peso ended with a 26% annual advance against the dollar, traders said.

• Thursday, December 31st 2009 - 09:15 UTC

  Brazil’s market soars 83% in 2009 and Real appreciates 34% against US dollar

  

  The performance of Brazilian stocks in 2009 has been one of the highest in the world while the local currency, the Real reflected the recovery of Latinamerica’s largest economy by appreciating 34% against the US dollar this year.

• Thursday, December 31st 2009 - 04:39 UTC

  IDB record loan approvals but needs capital increase by 2011

  

  The Inter-American Development Bank set record levels of loan approvals and disbursements in 2009, playing a counter-cyclical role by providing financing to Latin American and Caribbean countries in the face of the global economic crisis.

• Thursday, December 31st 2009 - 02:22 UTC

  Scientific warning that Argentina’s hake TAC “high risk scenario”

  

  Measures recently adopted by the Argentina’s Fisheries Federal Council regarding hake TACs imply very high risks for sustainability and, therefore, to the continuity of related economic activities throughout the country, claims the Centre for Development and Sustainable Fisheries (CeDePesca).