Economy

Tuesday, June 3rd 2008 - 21:00 UTC
Argentine “inflation alert” according to the Daily Telegraph

Under the title of “Argentine alert as inflation specter stalks half the world”, London's Daily Telegraph, --using Argentina as a lead case--, describes how international bankers managed to convince pension funds to invest in an estimated 300 billion US dollars in inflation linked sovereign bonds from emerging economies, which “hawk eyes” then considered safe.
Monday, June 2nd 2008 - 21:00 UTC
Peru plans to grow 7% annually until at least 2015

Peru is planning a sustained growth averaging 7% until 2015, with minimum inflation based on the opening of the economy that has seen tariffs drastically cut in the last two years, said the country's Economy minister Luis Carranza during a visit to Chile where he was the main speaker at a trade forum.
Monday, June 2nd 2008 - 21:00 UTC
Chile pumps one billion dollars to help stabilize fuel prices

Chile announced Monday a one billion US dollars injection to the fuel prices stabilization fund and another 250 million US dollars to prop the government owned fuel company ENAP in an attempt to ease the impact of ever increasing international crude prices.
Sunday, June 1st 2008 - 21:00 UTC
Unemployment creeps in Chile with 8.2% in Santiago

Unemployment continues to creep up in Chile, but the construction and financial services sectors softened the blow by adding more jobs in April than any other sector, the Chilean Statistics Institute (INE) reported on Thursday.
Saturday, May 31st 2008 - 21:00 UTC
World's richest man confident in Latinamerica's future

Carlos Slim, president of Telmex, Mexico's telecommunications giant said he was confident in the current and future growth of Latinamerica during his participation in a forum in Mexico City to celebrate the country's fiftieth anniversary of the Economics Circle.
Saturday, May 31st 2008 - 21:00 UTC
Greenspan forecasts no “bubble” threat because of inflation

United States former Federal Reserve Chairman Alan Greenspan said on Friday in Canada that he does not expect another “bubble” in world markets for a long time but warned about the threat of inflation.
Saturday, May 31st 2008 - 21:00 UTC
Oil prices makes Euro Zone inflation bounce to 3.6% in May

Inflation in the Euro zone bounced to a record 3.6% in May amid soaring oil prices, according to a first estimate from the EU Eurostat data agency released on Friday. The 12-month inflation rate had eased in April to 3.3% after hitting 3.6% in March, the highest level since the launch of the Euro in 1999.
Friday, May 30th 2008 - 21:00 UTC
Ten states of Brazil to be declared free of FAM with vaccine

The Animal Health Organization, OIE, with seat in Paris is expected to declare ten states of Brazil including the Federal District of Brasilia free of foot and mouth disease with vaccination.
Friday, May 30th 2008 - 21:00 UTC
Brazil powerhouse: Fitch hikes debt to investment grade

Fitch Ratings became this Thursday the second large rating agency in less than a month to up Brazil credit ratings to investment grade. Fitch said in a statement that the upgrade “reflects the dramatic improvement in Brazil's external and public sector balance sheet”.
Friday, May 30th 2008 - 21:00 UTC
EU steel lobby rejects BHP Billiton Rio Tinto takeover bid

Mining giant BHP Billiton Ltd. formally filed Friday with the European Commission to take over rival Rio Tinto, triggering an antitrust review of the hostile takeover. The EC confirmed the notification and will reach a decision by July 4 when it can approve the deal, open an in-depth investigation or permit a short extension.