Economy

Thursday, July 16th 2009 - 07:15 UTC
Latam forecasted to contract 1.9% this year and expand 3.1% in 2010

The Latinamerican and Caribbean economy is forecasted to contract 1.9% this year following six years of sustained growth, but is expected to expand 3.1% in 2010, according to the latest estimates released Wednesday by the United Nations Latinamerican and Caribbean Economic Commission, Cepal in Santiago de Chile.
Thursday, July 16th 2009 - 07:13 UTC
Record unemployment in UK: 2.38 million, the worst since 1995

Unemployment in the United Kingdom has soared to “truly horrendous” levels after a record 281,000 people joined the growing jobless ranks, taking the total to 2.38 million, the worst since 1995.
Wednesday, July 15th 2009 - 11:36 UTC
Brazil confident of recovery and retaining primary surplus

Finance Minister Guido Mantega said Tuesday that Brazil is not facing fiscal troubles and anti-cyclic policies are showing satisfactory results. His statement was supported by the latest release on retail sales, for May, which was higher than expected.
Wednesday, July 15th 2009 - 11:26 UTC
Chilean sheep farming industry targets double lamb exports by 2010

The Chilean sheep farming industry is embarking on a million dollar master plan to boost the national sheep population and double lamb exports by 2010.
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.