Economy

Tuesday, December 4th 2007 - 20:00 UTC
Bush and Garcia hail approval of US/Peru free trade agreement

The United States/Peru free trade agreement on Tuesday cleared Congress and was ready for President George W. Bush signature, a victory for the US and Peruvian embattled leaders.
Tuesday, December 4th 2007 - 20:00 UTC
Chilean Central Bank has new president MIT educated

Chilean president Michelle Bachelet on Monday named economist José De Gregorio as the new president of Chile's Central Bank (BC). De Gregorio, currently the BC's vice president, will replace Vittorio Corbo, whose term expires on December 6.
Monday, December 3rd 2007 - 20:00 UTC
US Treasury Secretary optimistic about aid plan for homeowners

United States mortgage lenders and regulators are close to finalizing an aid plan for homeowners hit by the credit crunch, US Treasury Secretary Henry Paulson said on Monday during a housing conference in Washington.
Sunday, December 2nd 2007 - 20:00 UTC
Euro markets with “sufficient liquidity” until January, says ECB

The European Central Bank announced Friday it would continue to supply markets with sufficient liquidity until the end of the year to keep short term interest rates the closest possible to the reference rate.
Sunday, December 2nd 2007 - 20:00 UTC
World meat up 1% in 2007; Brazil main beef exporter

The United Nations Food and Agriculture Organization (FAO) published its bi-annual Food Outlook forecasting that world meat production during 2007 will reach 278.3 MMT, which is 1% above 2006.
Sunday, December 2nd 2007 - 20:00 UTC
Spanish investors moderately optimistic about 2008 Latam

Less growth, more inflation, tougher decisions than so far but nothing catastrophic is the 2008 forecast of Spanish businesses that have strong investments in Latinamerica and are planning to further expand their positions.
Friday, November 30th 2007 - 20:00 UTC
Booming S. Korea, 11th largest trading country in 2007

South Korea is expected to edge past Hong Kong to become the 11th largest trading nation in the world this year, the Seoul government agency Yonhap reported on Friday.
Friday, November 30th 2007 - 20:00 UTC
Every two containers in the Pacific, one is from China

The number of container units handled by China's mainland ports this year hit 100 million this week, highlighting the country's position as a major player in the industry worldwide, reports China's Daily.
Friday, November 30th 2007 - 20:00 UTC
Chinese markets recover and edge above 5.000 points

Chinese stocks made a big comeback on Thursday to edge just over 5,000 points again, recovering part of the more than 20% losses in less than two months reports China's Daily.
Friday, November 30th 2007 - 20:00 UTC
Frosts cut Argentine wheat production by 1.2 million tons

According to the first reports late frosts in early November could have cut Argentina's expected wheat production by an estimate of 1.5 to 2 million tons according to wheat farmers organizations.