Economy

• Wednesday, July 15th 2009 - 07:56 UTC

  Argentine inflation cooling as economy slows down

  

  Argentina’s official consumer inflation in June was 0.4%, totalling 5.3% in the last twelve months and 2.7% in the first half of this year, according to the latest release from the controversial Statistics and Census Office, Indec.

• Tuesday, July 14th 2009 - 10:19 UTC

  WTO blasts protectionism and warns global crisis is far from over

  

  Warning that the global economic crisis is far from over, World Trade Organization Director-General Pascal Lamy said Monday that protectionism is not the answer to tackling the turmoil.

• Monday, July 13th 2009 - 11:50 UTC

  US trade deficit in 2009, 350 billion USD less than in 2008

  

  United States saw its deficit narrow to 26 billion US dollars in May, its lowest level in more than nine years, according to figures from the Commerce Department. Imports continued to fall while exports increased, pushing the deficit to its lowest level since November 1999.

• Monday, July 13th 2009 - 11:46 UTC

  Brazil feed lot industry more cautious about expansion

  

  Brazil is planning to increase the number of cattle in feed lots by 4.6% which would be equivalent to a total of 1.673.500 heads, according to Beef Point, a Brazilian portal linked to the meat industry.

• Saturday, July 11th 2009 - 18:15 UTC

  Bolivia interested in Uruguayan ports for its overseas trade

  

  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.

• Saturday, July 11th 2009 - 18:07 UTC

  Paraguay plans to open trade office in Shanghai

  

  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.

• Saturday, July 11th 2009 - 15:23 UTC

  Brazil could restrict credit to Argentina in retaliation for trade barriers

  

  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.

• Friday, July 10th 2009 - 12:51 UTC

  G8 and G5 consensus to close the Doha Round trade talks next year

  

  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.

• Friday, July 10th 2009 - 12:28 UTC

  Sixty Chilean companies in Top 500 of Latinamerica

  

  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).

• Friday, July 10th 2009 - 12:19 UTC

  Bank of England adopts “wait and see” stand on money injection

  

  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.