Economy

• Wednesday, June 11th 2008 - 21:00 UTC

  Warning that Uruguay is running out of “fiscal margin”

  In spite of the good performance of the Uruguayan economy academics and former ministers have warned that given the expansion of public spending and subsidies to alleviate energy prices, the government is running out of “fiscal margin” in the event of a contingency.

• Wednesday, June 11th 2008 - 21:00 UTC

  Venezuela invites private sector with joint ventures

  Venezuelan president Hugo Chávez said foreign investors have no longer “any room in the country” because they are only interested in making money and transferring earnings overseas. However, he invited private companies to joint ventures in “non strategic” areas of the economy.

• Wednesday, June 11th 2008 - 21:00 UTC

  Brazil May inflation records fastest pace in three years

  

  Consumer prices in Brazil rose in May at the fastest pace in more than three years, 0.79%, underscoring concerns about inflation pressures in Latinamerica's largest economy.

• Tuesday, June 10th 2008 - 21:00 UTC

  Farmers' conflict: behind harsh words, dim light of hope

  

  Argentine President Cristina Fernandez de Kirchner defended on Monday her decision to impose a controversial sliding tax system on agricultural exports and said farmers opposing her government policies are undermining the country's fight against poverty.

• Tuesday, June 10th 2008 - 21:00 UTC

  S. Korean government on the cliff over US beef imports

  

  Thousands of protestors in downtown Seoul continued an overnight street march into early Wednesday morning, calling for the renegotiation of a United States beef import agreement despite an offer by the entire South Korean Cabinet to resign, reported the local Yonhap news agency

• Tuesday, June 10th 2008 - 21:00 UTC

  Argentina May inflation with “new system”: 0.6%

  

  Argentina's consumer price index in May was 0.6% according to the country's Statistics and Census Institute (Indec) which has began applying a new methodology. This means that in the fives months of 2008 inflation was 4% and 9.1% in the last twelve months.

• Tuesday, June 10th 2008 - 21:00 UTC

  Brazil GDP expands 5.8% in first quarter; overheat concern

  Brazil's Gross Domestic Product, GDP, expanded 5.8% in the first quarter compared to the same period a year ago, and 0.7% over the previous quarter, according to the latest release from the Brazilian Statistics and Geography Institute, IBGE.

• Monday, June 9th 2008 - 21:00 UTC

  Chile's richest families assets total 71 billion U$D

  In the last four years, wealth controlled by Chile's richest families grew by 45% to 71 billion US dollars, according to a study done by Chilean financing evaluation company LarrainVial, consulting company Accenture and the Universidad Adolfo Ibáñez.

• Monday, June 9th 2008 - 21:00 UTC

  More losses and fresh funding for US banking system

  United States investment bank Lehman Brothers is raising 6 billion US dollars to boost its finances after predicting a loss of 2.8 billion in the second quarter of 2008.

• Sunday, June 8th 2008 - 21:00 UTC

  Uruguay's exports closing on 10 billion US dollars in 08

  Exports from one of Mercosur's junior members Uruguay could reach ten billion US dollars this year, a considerable hike from the 6.8 billion of 2007 and the original official estimate of “above 9 billion US dollars”, according to sources from the Ministry of Economy.