Economy

Tuesday, May 27th 2008 - 21:00 UTC
March 08 recorded sharpest drop in US cars miles traveled

United States are driving much less forced by fuel prices, continuing a trend which began last November and has been confirmed by the latest March 2008 release from the Federal Highway Administration, FHWA.
Tuesday, May 27th 2008 - 21:00 UTC
Uruguay's oil bill jumps 32% to 1.8 billion US$ in 2008

Uruguay's annual oil bill is set to jump 32% to 1.8 billion US dollars if the barrel of crude remains on average at 130 US dollars admitted Uruguayan private sector consultants who anticipated a far “worst impact scenario” if energy prices keep spiraling.
Sunday, May 25th 2008 - 21:00 UTC
Chilean income growth remained near stagnant in 2007

Despite near stagnant income growth Chile has the third largest income growth in Latinamerica. Chilean workers' wages rose 8.6% from this time last year. However, consumer price inflation surged at 8%, so real incomes grew a mere 0.6% compared to the first quarter of 2007, the National Statistics Institute (INE) reported.
Friday, May 23rd 2008 - 21:00 UTC
Farmland prices in all regions of Brazil rise sharply

Farmland prices in Brazil have risen sharply of late, driven up by rising international commodities prices, especially grains, agricultural analysts AgraFNP said in a report released this week.
Wednesday, May 21st 2008 - 21:00 UTC
US monetary policy appears appropriately calibrated, says Fed

The US Federal Reserve injected 75 billion US dollars liquidity into the banking system on Tuesday but a monetary “pause” in the near future is possible as the central bank's interest-rate reductions take effect.
Wednesday, May 21st 2008 - 21:00 UTC
World trade talks boosted by new “negotiating texts”

World Trade Organization Director General Pascal Lamy said on Tuesday that the negotiating documents put forward this week on agriculture and industrial goods trade proved a platform for intensified work in the coming weeks.
Wednesday, May 21st 2008 - 21:00 UTC
Petrobras third largest traded corp. in the Americas

Brazil's government managed oil corporation Petrobras said on Tuesday that according to media reports it is now the third-largest publicly-traded company in the Americas.
Wednesday, May 21st 2008 - 21:00 UTC
Catholic Church “perceives” growing poverty in Argentina

Bishop Jorge Casaretto, head of the Argentine Catholic Church Social Pastoral Committee said that perception at the moment ”is that poverty (in Argentina) is increasing”. The statement contradicts a recent Argentine government report indicating that poverty had fallen to 20.7% in the second half of 2007 compared to the previous 23.4%.
Wednesday, May 21st 2008 - 21:00 UTC
Chile has endemic two digits youth unemployment rate

Youth unemployment in Chile is far higher than that of adults, and has been for years. According to a study by the International Labor Organization (ILO), the youth unemployment rate in Chile in the last ten years has been, on average, three times higher than that of adults.
Tuesday, May 20th 2008 - 21:00 UTC
Climatic emergency in Comodoro Rivadavia hit by snow storm

A “climatic emergency” was declared Monday in Comodoro Rivadavia following strong winds, rain and snow storms which covered most of the Argentine Patagonian province of Chubut with several feet of snow.