Economy

Tuesday, June 17th 2008 - 21:00 UTC
Farmers' conflict is costing Argentina 3.4 billion US dollars

The farmers' conflict is costing Argentina 3.4 billion US dollars, approximately 1% of GDP, but production and growth conditions in the country remain intact and are ready to resume in an excellent environment for food producing countries, according to economist Miguel Bein, a former Argentine Deputy Economy minister.
Monday, June 16th 2008 - 21:00 UTC
Latam inflation caused by growth “beyond potential”

The International Monetary Fund, IMF has called on Latinamerica's central banks to send clear signals that their main objective is fighting inflation and not to blame exclusively international rising prices.
Monday, June 16th 2008 - 21:00 UTC
Peru joins the group of fastest growing Latam's economies

AméricaEconomía, a pan regional business magazine in Latin America, has announced the official launch of a new local edition in Peru. This is the fifth local edition of the glossy magazine which has local editions in Brazil (1996), Mexico (2005), Ecuador (2006) and Chile (2007).
Monday, June 16th 2008 - 21:00 UTC
Eurozone inflation in May at its highest since 1996

Inflation in the Eurozone has a climbed to a record level amid higher food and fuel costs, official figures show. The annual rate of inflation in the 15 state zone hit 3.7% in May, according to the Eurostat statistical office.
Sunday, June 15th 2008 - 21:00 UTC
US currency gaining lost ground in Chile: 500 pesos per dollar

The US dollar is expected to open with a strong push in the Chilean money market on Monday having closed on Friday above the benchmark of 500 Chilean pesos, the highest so far this year.
Saturday, June 14th 2008 - 21:00 UTC
China's stock markets suffer biggest weekly drop since 1996

The bear market in Chinese stocks deepened on Friday as the main index tumbled 3% to a new 15-month closing low, 13.89% down over the week, the biggest weekly drop since 1996.
Friday, June 13th 2008 - 21:00 UTC
NZ company further expands in Uruguayan farming

New Zealand rural services company PGG Wrightson continues to expand in South America. The NZX-listed company announced the purchase of a 51% stake in Romualdo Rodriguez , a Uruguay-based livestock, wool and rural real estate business.
Friday, June 13th 2008 - 21:00 UTC
Specter of new default in Argentina “closer”, says FT

London's prestigious Financial Times has published a scathing report on Argentina's financial situation and the loss of confidence in the current government which it argues “has brought the specter of a new default closer”.
Friday, June 13th 2008 - 21:00 UTC
US May inflation at its fastest rate since last November

Inflation in the United States rose at its fastest pace for six months in May because of sharply higher energy costs. Consumer prices rose 0.6% last month, government figures showed, the steepest monthly increase since last November.
Friday, June 13th 2008 - 21:00 UTC
Argentina unable to fulfill export quota of prime beef to EU

Argentina is unlikely to fulfill its contract to supply the European Union with 28,000 tonnes of boneless top prime cuts of beef, also known as Hilton cuts, according to government and meat industry sources.