Economy

Friday, July 13th 2007 - 21:00 UTC
US asks WTO for panel to decide on alleged Chinese subsidies

United States formally requested Thursday the World Trade Organization to establish a dispute settlement panel to judge whether Chinese subsidies to industry violate WTO rules as US experts claim.
Friday, July 13th 2007 - 21:00 UTC
Paulson praises Uruguay and calls for increased trade flows

United States Treasury Secretary Henry Paulson said on Thursday in Montevideo that increased trade flows will give Latin America more opportunity to spread the benefits of economic growth and to reduce poverty. He also praised Uruguay's open markets policies and sound economic decisions.
Friday, July 13th 2007 - 21:00 UTC
World's richest man interested in Panama Canal expansion

Mexican tycoon Carlos Slim, rated as the world's richest man, is competing with other international consortiums for the projected expansion of the Panama Canal, according to official Panamanian sources.
Wednesday, July 11th 2007 - 21:00 UTC
US dollar in new record low against the Euro and Sterling

The dollar fell on Tuesday to a record low against the Euro and a 26-year low against the British pound as investors feared that the deteriorating U.S. sub-prime mortgage market could eventually slow the economy.
Wednesday, July 11th 2007 - 21:00 UTC
Argentina targets UK beef market at the Royal Show

Argentina is looking to increase its exports of high-quality chilled beef into the UK by up to 20 percent over the next year.
Wednesday, July 11th 2007 - 21:00 UTC
Organic yields “can better conventional farming”

Organic farming can yield up to three times as much food as conventional farming in developing countries, and holds its own against standard methods in rich countries, according to United States researchers.
Wednesday, July 11th 2007 - 21:00 UTC
Lula da Silva receives Paulson with long list of complaints

US Secretary of the Treasury Henry Paulson received a long list of complaints during his visit Wednesday to Brazil's president Luiz Inacio Lula da Silva, said Finance Minister Guido Mantega who acted as the spokesperson of the meeting in Brasilia.
Saturday, July 7th 2007 - 21:00 UTC
Euro rate unchanged at 4%, but policy remains “accommodative”

The European Central Bank, as forecasted, kept its key interest rate at 4% on Thursday, but President Jean-Claude Trichet hinted of future rate hikes in response to continued growth in Germany, Italy and other European countries.
Saturday, July 7th 2007 - 21:00 UTC
June inflation in Chile reaches 0.9%, the highest since 1991

The National Statistics Institute (INE) revealed this week that Chile's Consumer Price Index increased 0.9% in June. That figure is nearly double the 0.5% monthly government projection, and it revived calls for higher interest rates to calm inflation worries.
Saturday, July 7th 2007 - 21:00 UTC
Lake disappearance linked to global warming

Experts from Chile's National Forestry Service (CONAF) and the Valdivia Center for Scientific Studies (Cecs) this week linked the May disappearance of a glacial lake in far southern Chile to global warming. The team made these claims after a series of visits to the site of the lost lake starting Thursday, and noted there is a possibility that the lake could reform.