Economy

Thursday, May 29th 2008 - 21:00 UTC
Farmers' conflict shadows “inflation and poverty”

Argentine former Economy minister Roberto Lavagna said that the current conflict of the government with the farmers helps to over shadow other critical issues for Argentine consumers such as inflation.
Thursday, May 29th 2008 - 21:00 UTC
Soy gains in Chicago with Argentine farmers' conflict

Soybean futures advanced in Chicago as Argentina's farmers decided to stop selling crops and livestock until next week in the third protest in two months over export taxes.
Thursday, May 29th 2008 - 21:00 UTC
US economy surprise: 0.9% growth in first quarter

The United States economy performed better than expected in the first quarter of 2008 having expanded 0.9% according to the latest data from the Commerce Department.
Wednesday, May 28th 2008 - 21:00 UTC
Federal Reserve member decides to return to academia

Federal Reserve Governor Frederic Mishkin will leave at the end of August and return to teaching at Columbia University, the United States central bank announced Wednesday.
Tuesday, May 27th 2008 - 21:00 UTC
Brazil announces a regional central bank and common currency

After having formally launched last Friday the Union of South American Nations, Unasur, the region in on track to creating a Central Bank and a common currency announced this week Brazilian president Lula da Silva.
Tuesday, May 27th 2008 - 21:00 UTC
Paraguay demanding from Brazil 2 billion US dollars energy bill

Paraguay expects to see its share of the energy business with Brazil to increase to at least two billion US dollars said an energy expert and advisor to Paraguayan president elect Fernando Lugo.
Tuesday, May 27th 2008 - 21:00 UTC
Argentina's trade surplus positive but down 30% in April

Argentina's trade surplus narrowed 30% in April from a year earlier to a lower-than-expected 864 million US dollars as surging imports offset high commodities export prices, according to official data from the Argentine government.
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.