Economy

Monday, July 14th 2008 - 21:00 UTC
EU reopens market for Uruguayan fisheries exports

Uruguayan fisheries exports to the European Union have officially resumed this week after having overcome sanitary observations interposed at the beginning of the year, reported the country's Fisheries Department (DINARA) director Daniel Montiel.
Monday, July 14th 2008 - 21:00 UTC
Chile basic rate up; consumer confidence at its lowest

Chile's Central Bank raised its target interest rate by 50 points last week to 7.25%, the highest level since February 1999. Citing the need to pull back inflation to its 3% policy goal, the bank raised the monetary policy rate (TPM) for the third time in 2008.
Monday, July 14th 2008 - 21:00 UTC
Spanish group definitively decided to abandon Argentina

The Spanish group Marsans expects to finalize this week an agreement to sell Aerolíneas Argentinas and its subsidiary Austral to the Argentine government according to company sources in Madrid.
Sunday, July 13th 2008 - 21:00 UTC
Poor countries need 6 billion USD annually to pay for food

Poor countries will need some 6 billion US dollars in food aid annually, with food and energy prices expected to remain high for years to come, said Robert Zoellick, president of the World Bank.
Sunday, July 13th 2008 - 21:00 UTC
US government bails out mortgage finance companies

The United States government has announced sweeping measures to shore up the nation's two largest mortgage finance companies, Freddie Mac and Fannie Mae.
Saturday, July 12th 2008 - 21:00 UTC
US trade deficit falls in May; oil imports lowest since 2002

The United States trade deficit shrank in May even when average prices for imported oil surged during the month to a record, according to a US Department of Commerce release on Friday. The deficit narrowed to 59.8 billion US dollars from 60.5 billion in April as both exports and imports rose to record highs.
Saturday, July 12th 2008 - 21:00 UTC
US government moves into collapsed top mortgage lender

One of the largest United States mortgage lenders, the California-based IndyMac Bank, has collapsed amid a growing credit crisis. Federal regulators seized the bank's assets, fearing it might not be able to meet withdrawals by depositors. It is the second-largest financial institution to fail in US history, regulators say.
Saturday, July 12th 2008 - 21:00 UTC
US satisfied with Argentine handling of farmers' dispute

The United States said it was satisfied at the way the Argentine government is handling the dispute with the farmers, said Argentine Ambassador to the US Héctor Timerman on Friday, after participating in a meeting with the US Under-Secretary for Western Hemispheric Affairs Thomas Shannon and the Treasury Department Deputy Assistant Secretary for the Western Hemisphere Brian O'Neill.
Friday, July 11th 2008 - 21:00 UTC
Argentina's official June inflation 0.6% other estimates 1.5%

The Consumer Prices Index in Argentina increased 0.6% in June and 4.6% in the first half of the year. Wholesale prices jumped 1% in June totaling 6.3% in the first six months of 2008, both percentages according to the official Statistics and Census Office, Indec
Thursday, July 10th 2008 - 21:00 UTC
Brazil's Central Bank promises full action against inflation

The Brazilian Consumer price index unexpectedly slowed in June from May, though on an annual basis inflation remains at its fastest pace since November 2005, according to the latest report from the country's IBGE (Brazilian Geography and Statistics Institute) released on Thursday.