Economy

Thursday, May 15th 2008 - 21:00 UTC
Uruguay downplays possible impact of Argentine situation

Uruguayan financial authorities minimized the possible economic impacts on Uruguay of the current uncertainty scenario in Argentina because of the ongoing conflict with farmers and which has temporarily suspended the neighboring country's cereal and oil seeds exports.
Thursday, May 15th 2008 - 21:00 UTC
Chilean wineries plan to hike investment in Argentina

Several Chilean wine makers have recently disclosed plans to increase their investments in Argentina, a country also well-known for the alcoholic beverage.
Thursday, May 15th 2008 - 21:00 UTC
Uruguayan exporters' gruel government's economic policies

Uruguay's economic team defended the current government's policies and denied any loss of competitiveness, increased government expenditure or inflation out of control. However the Uruguayan business community was not entirely convinced with the arguments and complained about the inefficiency and high costs of energy and fuel provided by government monopolies.
Thursday, May 15th 2008 - 21:00 UTC
Uruguayan made Chinese cars export to Argentina

In thirty days time Chery-Socma Uruguay, a Chinese, Argentine Uruguayan consortium will be making its first export of Uruguayan assembled cars to Argentina. The announcement was made during a visit this week to the plant by Uruguayan president Tabare Vazquez and Hui Liangyu, China's Deputy Primer Minister.
Thursday, May 15th 2008 - 21:00 UTC
Record soybean crop in Paraguay: 6.8 million tons

Paraguay's soy bean 2007/08 crop is expected to reach a record 6.8 million tons helped by good yields and an expansion of the area planted according to the country's soy exporters chamber.
Thursday, May 15th 2008 - 21:00 UTC
Brazil's ready to increase interest rates to contain inflation

Brazil's Central bank chairman Enrique Meirelles said this week that the bank is ready to cap pressure on prices with the purpose of keeping inflation under control even when this could impact on the strong economic growth of the economy.
Thursday, May 15th 2008 - 21:00 UTC
EU and Mercosur address trade accord in Peru

Negotiations for an association, trade and cooperation agreement between the European Union and Mercosur are in stand by waiting for results from the World Trade Organization, Doha round, said the European Commission president Jose Manuel Barroso.
Thursday, May 15th 2008 - 21:00 UTC
Farmers' conflict begins to impact growth indexes

The Argentine economy expanded at an annual 7.9% in April closing the first four months of 2008 with at an annual growth rate of 7.5%. This would be the sixth year running that the Argentine economy has been expanding vigorously after five years averaging 8.5%.
Wednesday, May 14th 2008 - 21:00 UTC
US food prices in April soar at fastest rate in 18 years

United States food prices jumped at the fastest pace for 18 years in April, but consumer price inflation still eased. Consumer prices increased 0.2% in the month, down from March's figure of 0.3%, even though food costs jumped by 0.9%, according to Labor Department figures.
Wednesday, May 14th 2008 - 21:00 UTC
Tough competition and fuel prices knock Iberia red

Spanish airline Iberia reported a loss in the first quarter of the year compared with a 12.9 million Euro net profit last year. Soaring fuel prices and stiff competition forced the company to a loss of 441.000 Euros.