Economy

Wednesday, January 9th 2008 - 20:00 UTC
Brazil beef industry further expands into Argentina

Brazil's third-largest beef exporter, Marfrig Frigorificos e Comercio de Alimentos SA through its Argentine branch Breeders & Packers SA has acquired Argentina's Mirab SA for 36 million US dollars said the company in a statement.
Wednesday, January 9th 2008 - 20:00 UTC
P Arenas abattoir geared for Arab clients looks to Mecca

Next January 17 Chilean Minister of Agriculture Alvaro Rojas will inaugurate an abattoir for sheep in Punta Arenas which has been specifically conditioned for Islamic markets. The slaughtering space looks towards Mecca the holiest of all Islamic cities which is an advantage to for selling to Arab countries.
Wednesday, January 9th 2008 - 20:00 UTC
The inflation data no one understands: Argentina's 8.5%

Argentina released the latest data on the consumer prices index which according to the controversial Nacional Statistics and Census Office, Indec, was 0.9% in December totaling 8.5% for the whole twelve months.
Wednesday, January 9th 2008 - 20:00 UTC
Chilean government aid for Magallanes private sector

Almost five million US dollars in development funds were delivered last year to 519 companies in Magallanes Region in the extreme south of Chile, which represents a 30% increase over 2006.
Tuesday, January 8th 2008 - 20:00 UTC
Uruguay soybean area expands for eighth year running

Soybeans has become the main summer cultivation in Uruguay for the agriculture year 2007/08, confirming eight years running of expansion according to the latest release from the country's Agriculture Statistics Office, DIEA.
Tuesday, January 8th 2008 - 20:00 UTC
Central bankers' dilemma: liquidity or inflation risks

European Central Bank (ECB) chief Jean-Claude Trichet is “very satisfied” with central banks' coordinated action to help banks hit by the credit crunch. The US Federal Reserve, the ECB and central banks from the UK, Canada and Switzerland injected billions to calm money markets in December.
Tuesday, January 8th 2008 - 20:00 UTC
Brazilian auto production and exports new records

Brazilian auto production hit 2.97 million units in 2007, up 13.9% from 2006 while domestic sales totaled 2.2 million units, which was also a record, 22.9% higher than in 2006 according to the Brazilian Motor Vehicle Manufacturers Association, or Anfavea.
Tuesday, January 8th 2008 - 20:00 UTC
Believe it or not: Brits richer than US citizens in 2008

United Kingdom living standards are set to overtake those in the United States this year for the first time since the 19th century, research has claimed. The UK's GDP is expected to rise to £23,500 per person during 2008, £250 more than the £23,250 GDP per head predicted for Americans, according to Oxford Economics.
Sunday, January 6th 2008 - 20:00 UTC
Cooling inflation, China's central bank main task for 2008

China's central bank said it will take more steps this year to cool inflation and prevent the world's fastest growing major economy from overheating. A “tighter monetary policy” will “help prevent the economy from overheating and prevent price increases from spreading”, the central bank said in a statement last week after concluding a two-day annual work meeting in Beijing.
Sunday, January 6th 2008 - 20:00 UTC
Euro-zone inflation challenges ECB monetary policy

Record oil prices and continuing high food costs kept Euro zone inflation at 3.1% in December, reported the European Central Bank (ECB).