Argentina's international reserves reached this week a record 40 billion US dollars according to the latest release from the Central Bank underlining that the strong position effectively helps to reduce financial vulnerability, grants certitude to investors and reduces the country risk.
Argentina will drop from fourth to seventh place among world beef exporters this year, after having climbed in 2005 to the third position according to the latest information from the country's Ministry of Agriculture, Livestock, Fisheries and Food.
In three years time Chile could triple its beef production from the current 247.000 annual tons to 750.000 tons according to the country's Cattle and Sheep Genetics improvement Council which depends from the Ministry of Agriculture.
The People's Bank of China widened on Friday the fluctuation band of the Yuan, raised interest rates and curbed bank loans to tame a runaway economy and ease trade tensions with United States and Europe.
The Bank of Japan on Thursday kept its key interest rate on hold at 0.5% after a recent slip in consumer prices but the country's chief banker cautioned about leaving rates too low, too long.
The World Bank Board announced late Thursday that President Paul Wolfowitz will resign June 30, putting an end to his two year controversial tenure finally undermined by the generous compensation he arranged for his girlfriend.
Argentina's economy expanded 7.6% in March compared to a year ago and accumulated 8% growth in the first quarter of the year according to a release from the country's Statistics and Census Office.
The Bank of England on Thursday raised interest rates by 25 basis points to a six-year high of 5.5% as expected. It's the fourth increase in nine months, lifting the benchmark interest rate to its highest level since April 2001.
The United States trade deficit widened by more than expected in March, as higher oil and petrol prices sent imports to the second-highest level on record.
The European Central Bank decided on Thursday's meeting, held in Dublin, to maintain the benchmark interest rate on hold at 3.75%. However many analysts believe ECB's strong vigilance could see rates rise as early as June to keep inflation in check.