Economy

Tuesday, March 25th 2008 - 21:00 UTC
Bull market for lamb and mutton in 2008 predicts SUL

In the first six weeks of 2008 the average price of Uruguayan ovine meat exported to Brazil averaged 2.593 US dollars per ton, which is 17% higher than in the same period of 2007, according to the latest edition of the official publication from the Uruguayan Wool Secretariat (SUL).
Tuesday, March 25th 2008 - 21:00 UTC
USDA: Raising a child to adulthood costs 204.000 US dollars

Middle income families in United States should calculate that raising a child born in 2007 to adulthood will demand an estimated 204.060 US dollars in food, housing and education costs, according to an annual report from the US Department of Agriculture.
Tuesday, March 25th 2008 - 21:00 UTC
Argentina's foreign debt stands at 123 billion US dollars

Argentina's foreign debt stood at the end of 2007 at 123.197 billion US dollars, a 13.3% hike over the 108.762 billion of 2006, according to the latest report from the country's Statistics and Census Institute, Indec.
Monday, March 24th 2008 - 21:00 UTC
US bakers warn about high wheat prices and shortages

United States bakers are feeling the pinch of higher wheat prices and have been visiting Washington warning about the possible consequences for the US consumer if the current price level persists, reports FarmPolicy.com (*).
Friday, March 21st 2008 - 21:00 UTC
OECD forecasts US economy zero growth in second quarter

United States economic growth is grinding to a halt, but the Euro zone is doing relatively well so far, according to the latest assessment from the Organisation for Economic Cooperation and Development.
Friday, March 21st 2008 - 21:00 UTC
South America better prepared for US recession challenge

Although the Latin American economy isn't “immune” to the crisis in the United States, it's in a better position than 10 years ago and Central America and the Caribbean will feel the effects more than South American countries, said World Bank vice president Pamela Cox this week in Bogota.
Thursday, March 20th 2008 - 21:00 UTC
“Fed rate cuts will not make difference” warns Stiglitz

Nobel Prize winning economist Joseph Stiglitz said the current financial crisis is the worst the world has seen since the Great Depression of the 1930s and the US Federal Reserve move to cut interest rates will not make much difference.
Thursday, March 20th 2008 - 21:00 UTC
Brazil trade surplus rapidly shrinking by flood of imports

Brazil's trade surplus shrank to 882 million US dollars in February, less than one third of the same month a year ago 2.9 billion US dollars, according to the country's Ministry of Development, Industry and Foreign Trade.
Thursday, March 20th 2008 - 21:00 UTC
Chilean main banker cautions on low US dollar speculation

Chile's Central Bank (BC) president Jose De Gregorio cautioned this week against speculation on the low US dollar, warning that, when the currency begins to regain value, such actions could cause significant financial losses.
Thursday, March 20th 2008 - 21:00 UTC
Credit crisis could “wipe” 800 billion from financial system

The mounting global credit crisis could develop into a financial “contagion” and could wipe 800 billion US dollars of value from the books of US and global financial institutions, an official of the International Monetary Fund said.