Economy

Tuesday, May 20th 2008 - 21:00 UTC
US April wholesale inflation takes short rest in April

United States Producer's Price Index increased 0.2% in April following the big 1.1% jump in March but the improvement is likely to be temporary since during April food prices remained unchanged and energy actually dropped, reported the US Labor Department on Tuesday.
Tuesday, May 20th 2008 - 21:00 UTC
Export strength gives US manufacturing brighter outlook

Hopes for something more than a temporary rebound in the US economy anytime soon could be frustrated, but the manufacturing outlook in particular might be somewhat brighter due to continuing strength in exports, according to a new report.
Tuesday, May 20th 2008 - 21:00 UTC
Uruguay leads region's Economic Climate Index

The economic climate in Latinamerica dropped in April to its lowest level since 2003 according to the latest edition of the joint index from the Brazilian Getulio Vargas Foundation, FGV, and the IFO Institute from Munich, Germany.
Monday, May 19th 2008 - 21:00 UTC
“Quantum” yield keep Mercosur/EU trade talks stalled

Mercosur and European Union trade negotiations remain stalled following on Saturday's meeting in Lima according to reports from the Argentine press. Argentine president Cristina Fernandez de Kirchner and the head of the European Commission Jose Manuel Borroso could only agree that it was a discussion with “passion” and if “no country yields, there's no agreement”.
Monday, May 19th 2008 - 21:00 UTC
Soros forecasts “severe” slowdown in real economy

US, UK citizen, Hungarian born billionaire investor George Soros has given his gloomiest assessment of the state of the US and world economies in an interview with the BBC business editor Robert Peston
Sunday, May 18th 2008 - 21:00 UTC
Good year for business in Latinamerica

Uruguay ranked fourth in the best country in Latin America to do business listing, according to the second annual Latin Business Index from Latin Business Chronicle. The index has Chile again at the top and Venezuela at the bottom of the 19 countries list.
Saturday, May 17th 2008 - 21:00 UTC
Chinese investor eyeing 9% stake in BHP Billiton

Shares in mining giant BHP Billiton have jumped on fresh speculation a Chinese investor is eyeing up a 9% stake in the company. The Australian press reported that “Chinese interests” have approached an Australian investment fund to help buy into the world's biggest miner.
Saturday, May 17th 2008 - 21:00 UTC
Brazil's Real rises to nine-year high; up 19% in 12 months

Brazil's Real rose to a nine-year high as the US dollar slumped and investor demand for commodities and higher-yielding assets increased. Last April 30 Standard & Poor's upgraded Brazilian debt sending the Real and the Sao Paulo Bovespa stock index to new records.
Saturday, May 17th 2008 - 21:00 UTC
EU and Latinamerican leaders promise tighter trade ties

Leaders from Latin America, Europe and the Caribbean wrapped up a one-day summit in Lima promising to tighten trade ties even as some Andean nations balked at signing new free-trade agreements.
Saturday, May 17th 2008 - 21:00 UTC
Governors creep into the Argentine farmers' conflict

Argentine provincial governors, from different angles have called on the striking farmers and the government to resume dialogue as the only way out to the two months stand off over a sliding grain and oilseeds export tax system which is “harming” the Argentine people and institutions.