Economy

• 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.

• 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.