Economy

• Tuesday, October 6th 2009 - 11:48 UTC

  Chile, Argentina, Uruguay, best places to live in South America, says UN

  

  In a report released Monday, the United Nations Human development index ranks Norway as the best place in the world to live. Factors such as life expectancy, literacy, school enrolment, health system and GDP help determine these rankings.

• Tuesday, October 6th 2009 - 11:46 UTC

  Latinamerica’s recovery “very slow” and with “rising unemployment”

  

  Latinamerica’s recovery will be very show while unemployment keeps a rising tendency, warned on Monday Alicia Barcena, Executive Secretary for the United Nations Latinamerica and Caribbean Economic Commission, Cepal.

• Tuesday, October 6th 2009 - 11:44 UTC

  Brazil’s Real in new record against US dollar; has gained 32% this year

  

  Brazil’s currency rose to the strongest level in more than a year after a statement from the Group of Seven’s leaders lacked support to stem the dollar’s slide against major currencies, prompting investors to buy higher- yielding assets.

• Tuesday, October 6th 2009 - 11:39 UTC

  IT set to create 5.8 million new jobs and 75.000 new businesses by 2013

  

  Worldwide growth in the Information Technology sector will create 5.8 million new jobs and 75,000 new businesses in the next four years, research from Microsoft has forecast.

• Tuesday, October 6th 2009 - 11:33 UTC

  Dairy farmers’ cow protest in Brussels, which is divided over milk policy

  

  Hundreds of farmers protested Monday in Brussels to put pressure on European Union (EU) agriculture ministers meeting to discuss low milk prices. The talks came after weeks of protests across Europe, with farmers dumping milk stocks and withholding supplies at what they see as uneconomic prices.

• Tuesday, October 6th 2009 - 07:30 UTC

  Argentina and the IMF ready to re-establish normal working technical relations

  

  International Monetary Fund Managing Director, Dominique Strauss Khan, told Argentine Central Bank head Martín Redrado that the eventual revision of Argentina's economy by the multilateral organization would be “strictly technical,” according to IMF sources.

• Tuesday, October 6th 2009 - 06:38 UTC

  “Historic day” for Brazil which for the first time becomes IMF creditor

  

  Brazil became on Monday for the first time ever a creditor of the International Monetary Fund when it formalized a decision to buy 10 billion US dollars worth of IMF notes nominated in SDR.

• Monday, October 5th 2009 - 13:39 UTC

  US federal judge limits claims of Argentine defaulted bonds

  

  A US federal judge has rejected an effort to attach some assets of Argentina's state-owned Banco de La Nacion to satisfy claims of investors holding defaulted Argentine bonds.

• Monday, October 5th 2009 - 13:20 UTC

  US economic power declining because of financial crisis, says World Bank

  

  United States economic power is declining as a result of the financial crisis, the head of the World Bank has said. “One of the legacies of this crisis may be recognition of changed economic power relations,” said World Bank president Robert Zoellick.

• Saturday, October 3rd 2009 - 12:01 UTC

  IMF confirms normal relationship with Argentina “in the near future”

  

  International Monetary Fund Managing Director Dominique Strauss-Kahn is confident that the fund will resume a “normal” relationship with Argentina soon, he said on Friday.