Economy

Tuesday, June 17th 2008 - 21:00 UTC
Lula da Silva and top banker determined to stop inflation

Brazilian President Lula da Silva and the country's top banker said fighting inflation remains a top priority, the latest warning against surging consumer prices. Speaking to an audience of investors at the Sao Paulo stock exchange, Lula da Silva said the government is determined to stop short-term inflation pressures from becoming permanent.
Tuesday, June 17th 2008 - 21:00 UTC
US Producer prices climb 1.4% in May, 7.2% in 12 months

Producer prices in United States jumped by more than expected in May pushed higher by the soaring fuel and food prices, according to the latest release from the US Labor Department.
Tuesday, June 17th 2008 - 21:00 UTC
Greater regulation for “speculation” in US and UK oil futures

The United States Commodity Futures Trading Commission and its United Kingdom counterpart reached a deal with ICE Futures Europe to impose regulations on West Texas Intermediate oil contracts that trade on the London-based electronic exchange within 120 days, CFTC chairman told the US Senate.
Tuesday, June 17th 2008 - 21:00 UTC
Argentines' inflation expectations for next 12 months: 34.7%

Argentines expect consumer prices to increase on average 34.7% in the coming twelve months, which is slightly lower than the previous report, according to the latest release from the Finance Research Center belonging to the Torcuato Di Tella Univeristy.
Tuesday, June 17th 2008 - 21:00 UTC
Farmers' conflict is costing Argentina 3.4 billion US dollars

The farmers' conflict is costing Argentina 3.4 billion US dollars, approximately 1% of GDP, but production and growth conditions in the country remain intact and are ready to resume in an excellent environment for food producing countries, according to economist Miguel Bein, a former Argentine Deputy Economy minister.
Monday, June 16th 2008 - 21:00 UTC
Latam inflation caused by growth “beyond potential”

The International Monetary Fund, IMF has called on Latinamerica's central banks to send clear signals that their main objective is fighting inflation and not to blame exclusively international rising prices.
Monday, June 16th 2008 - 21:00 UTC
Peru joins the group of fastest growing Latam's economies

AméricaEconomía, a pan regional business magazine in Latin America, has announced the official launch of a new local edition in Peru. This is the fifth local edition of the glossy magazine which has local editions in Brazil (1996), Mexico (2005), Ecuador (2006) and Chile (2007).
Monday, June 16th 2008 - 21:00 UTC
Eurozone inflation in May at its highest since 1996

Inflation in the Eurozone has a climbed to a record level amid higher food and fuel costs, official figures show. The annual rate of inflation in the 15 state zone hit 3.7% in May, according to the Eurostat statistical office.
Sunday, June 15th 2008 - 21:00 UTC
US currency gaining lost ground in Chile: 500 pesos per dollar

The US dollar is expected to open with a strong push in the Chilean money market on Monday having closed on Friday above the benchmark of 500 Chilean pesos, the highest so far this year.
Saturday, June 14th 2008 - 21:00 UTC
China's stock markets suffer biggest weekly drop since 1996

The bear market in Chinese stocks deepened on Friday as the main index tumbled 3% to a new 15-month closing low, 13.89% down over the week, the biggest weekly drop since 1996.