Economy

Friday, July 4th 2008 - 21:00 UTC
Record sale of cars and farm machinery in booming Brazil

The Brazilian automobile industry produced and sold a record number of new vehicles in the first half of 2008, with flex-fuel cars leading the surge according to the auto manufacturers' association, Anfavea, said on Friday.
Thursday, July 3rd 2008 - 21:00 UTC
Forbes ranks Chile as tops in Latam in business

Forbes Magazine this week ranked Chile as the best Latin America country for doing business. Chile ranked 19th among all the world's countries, up nine notches compared to last year. Mexico ranked 43rd, Uruguay 44th.
Thursday, July 3rd 2008 - 21:00 UTC
Euro zone hikes basic rate to 4.25%; oil at new record

The European Central Bank hiked on Thursday its key rate 25 points to 4.25%. This is the first rise in a year and is geared to contain food and fuel prices that in June reached an annualized 4%, the highest since 1996.
Thursday, July 3rd 2008 - 21:00 UTC
UK Defence £ 3 billion contracts for two new aircraft carriers

Britain's Ministry of Defence signed this week contracts to build two future aircraft carriers, to be named HMS Queen Elizabeth and HMS Prince Of Wales, the biggest and most powerful surface warships ever constructed in the UK.
Thursday, July 3rd 2008 - 21:00 UTC
Argentina exports 4.124 tons of ovine meat in five months

During the first five months of 2008, lamb and mutton exports from Argentina totaled 4.124 tons equivalent to 15.1 million US dollars which represents a 5% increase in volume and 19% in value, according to the latest statistics from SENASA, the Agro-food health and quality service.
Thursday, July 3rd 2008 - 21:00 UTC
Argentina unable to complete EU beef Hilton quota

For the first time in almost thirty years Argentina was unable to fulfill its high priced special cuts Hilton quota of beef for the European Union in the fiscal year which ended June 30.
Wednesday, July 2nd 2008 - 21:00 UTC
June inflation in Uruguay, 1.28% and 5.44% in six months

The June Consumer Prices Index in Uruguay soared 1.28% over May, totalling 5.44% inflation in the first half of the year according to the official release from the National Statistics Institute, INE.
Wednesday, July 2nd 2008 - 21:00 UTC
FAO warns about impact of increasing land degradation

Land degradation is on the rise in many parts of the world, with direct consequences for an estimated 1.5 billion people – or a quarter of the world's population – the United Nations Food and Agriculture Organization, FAO said on Wednesday, calling for renewed attention to tackle the issue.
Wednesday, July 2nd 2008 - 21:00 UTC
Typhoon becomes RAF most advanced multi-role aircraft

The Royal Air Force's Typhoon aircraft marked another milestone in its capability this week when it was declared operational in the air-to-ground role, becoming the Service's most advanced multi-role aircraft. The multi-role capability means that RAF Typhoons can now carry out precision Ground Attack as well as Air Defence tasks
Wednesday, July 2nd 2008 - 21:00 UTC
Argentina's Supreme Court rulings could torpedo export taxes

Argentina's Supreme Court could play a decisive role in the several months stand off between the administration of President Cristina Fernandez de Kirchner and farmers over the implementation of levies on grains and oil seeds exports.