Unemployment in Chile's capital Santiago reached 8.9% in December 2007, according to a report compiled by the Department of Economy at the University of Chile.
World Trade Organization members are hoping to agree on the most challenging chapters of the stalled Doha round of trade talks next Easter said the Swiss economy minister in Davos during the closing meetings of the economic forum.
Vancouver is the world's best place to live, a survey by the Economist Intelligence Unit (EIU) has found. In Latinamerica although no city manages ideal living conditions, Montevideo in Uruguay, Santiago in Chile and Buenos Aires in Argentina offer the region's best conditions.
The United Nations Economic Committee for Latinamerica and the Caribbean, Cepal and the Andean Promotion Corporation, CAF downgraded their prospects for the region's growth this year fearing the impact of a recession in United States.
International Monetary Fund Director General Dominique Strauss-Kahn called for a serious response to the risk of a United States recession and encouraged fiscal stimulus programs in some countries warning that monetary policy is not enough. He also supported more multilateral regulation.
Economic turbulence largely due to credit market turmoil and rising oil prices could spur an increase in global unemployment by an estimated 5 million persons in 2008, the International Labour Office (ILO) said Thursday in its annual Global Employment Trends report (GET).
Argentina reported a monthly primary budget deficit for the first time in three years pushed by higher social security spending and subsidized loans for small businesses.
World soybean supplies are smaller than expected and high exports are cutting stocks in key producing countries, Hamburg-based oilseeds analysts Oil World said.
Cuban leader Fidel Castro, who remains in a convalescent state hospitalized in Havana because of gastrointestinal problems, wrote an essay which became public yesterday where he stated that Argentina and Brazil could be the life-jackets of the Latin America region's economy, because of their production of meat and cereals.
Wall Street banking giant Merrill Lynch unveiled on Thursday a huge net loss of 7.8 billion US dollars for 2007, compared to a net profit of 7.5 billion in 2006. The loss includes a massive 14.1 billion write-down on failed investments related to sub-prime mortgages.