Economy

Tuesday, June 24th 2008 - 21:00 UTC
ECB member wants “tough” reply to “alarming” inflation

European Central Bank council member Klaus Liebscher said the bank has to be “tough” when deciding on interest rates and described the current inflation in the Euro zone as “alarming”, according to an interview with Market News International.
Tuesday, June 24th 2008 - 21:00 UTC
IMF: current situation testing Latam achievements

IMF chief Dominique Strauss-Kahn warned on Monday of the rising threat of inflation in Latin America, urging policymakers to take steps to contain the shock to prices from energy and food.
Tuesday, June 24th 2008 - 21:00 UTC
Beijing calls on industry to absorb higher energy costs

China will cap price rises by manufacturers to keep consumer inflation stable following the country's fuel price hike, the National Development and Reform Commission said in a statement over the weekend.
Tuesday, June 24th 2008 - 21:00 UTC
Lux & Ireland richest countries in EU; UK above average

Luxembourg is by far the richest country in the European Union, with Ireland second at almost half its gross domestic product per capita, while Bulgaria is the poorest, according to the latest release from the European Union statistics office.
Monday, June 23rd 2008 - 21:00 UTC
Venezuelan economy displaces Argentina as third largest

Venezuela will replace Chile as the country with the region's highest GDP per capita and Argentina as the region's third-largest economy, according to a Latin Business Chronicle analysis of data from the International Monetary Fund (IMF).
Sunday, June 22nd 2008 - 21:00 UTC
Brazil plans to invest 40 billion U$D in agriculture 2008/09

Brazil will be announcing this week the annual investment plan in support for agriculture and livestock which is estimated to increase 12% totaling in the region of 40 billion US dollars, said Agriculture Minister Reinhold Stephanes.
Sunday, June 22nd 2008 - 21:00 UTC
US dollar drops to July 2002 level in Uruguay markets

For the sixth week running the US dollar has depreciated againts the Uruguayan peso in the local Money market accumulation a loss of 9.98%. In the 26 weeks of 2008, the Uruguayan peso has increased during 19.
Sunday, June 22nd 2008 - 21:00 UTC
Brazil targets joining world milk production short list in 5 years

In five years Brazil could climb from seventh to first position as the world's main milk producer, according to Marcus Ellias head of the trust controlling the former Italian dairy giant Parmalat Brazilian branch.
Saturday, June 21st 2008 - 21:00 UTC
Punta Arenas short of staples because of farmers' conflict

Punta Arenas in the extreme south of Chile is suffering a critical shortage of staples mainly sugar, rice and flour as a direct consequence of the Argentine farmers conflict that has been dragging for over 100 days.
Thursday, June 19th 2008 - 21:00 UTC
Lula and top aides in financial summit to curb inflation

Brazilian President Lula da Silva, cabinet ministers and his main economic advisors are considering a range of measures, (from budget cuts to pruning credit) with the purpose of curbing inflation according to Folha de Sao Paulo