Economy

Tuesday, October 9th 2007 - 21:00 UTC
Cristina K rejects “monetarist” and “neo-liberal” economics

Argentine Senator Cristina Fernandez de Kirchner said if elected president her administration would discard “monetarist” and “neo-liberal” solutions to combat any outbreak of inflation, which has become the main campaign issue of those opposing her husband President Nestor Kirchner.
Tuesday, October 9th 2007 - 21:00 UTC
EU farmers lobby for ban on Brazilian meat imports

The European Union may resort to a ban on Brazilian meat imports if the country does not improve food safety standards, the European Union's health chief said on Tuesday addressing members of the European Parliament.
Monday, October 8th 2007 - 21:00 UTC
Greenspan says US economic growth slowing

Alan Greenspan, who served for 19 years as chairman of the Federal Reserve and has made a new splash with a memoir critical of Republicans and the Bush White House for not getting better control over federal spending, says today that the odds of a recession in coming months are “less than 50-50”.
Monday, October 8th 2007 - 21:00 UTC
Region gives final touches to launching of Bank of the South

Economy and Finance ministers from all South American countries, except for Peru and Colombia, are meeting Monday in Brazil to discuss final details of a regional development financial institution sponsored by Venezuela's President Hugo Chavez.
Monday, October 8th 2007 - 21:00 UTC
IMF Rato warns Latam about impacts of US sub prime crisis

The credit squeeze will force governments worldwide to make substantial changes to their budget plans, Rodrigo Rato, outgoing managing director of the International Monetary Fund, has warned. He said that the credit squeeze was a “serious crisis” that was not over yet and would curtail growth worldwide.
Monday, October 8th 2007 - 21:00 UTC
Argentine dairy farms tempted to turn to wheat and soy

Farmers from Argentina's dairy belt, one of the most productive in the world are considering converting into cereals and oil seeds given the low reference prices imposed by the Argentine government.
Saturday, October 6th 2007 - 21:00 UTC
Record budget surplus in Chile this year: 8.1% of GDP

Because of high copper prices, Chilean treasury officials now believe that they will end the year with a historic budget surplus of 8.1% of the Gross Domestic Product (GDP).
Friday, October 5th 2007 - 21:00 UTC
Soaring wheat prices cause food crises in poor countries

Up to 36 countries worldwide are facing food crises at a time when the price of wheat has hit record levels and stocks are described as worryingly low by the latest crop and food situation report published by the UN Friday.
Friday, October 5th 2007 - 21:00 UTC
Federal Reserve cools hopes of second rate cut this month

The United States Federal Reserve Board Vice Chairman Donald Kohn said on Friday policy makers must be “nimble” in setting interest rates given the risks of both slower U.S. economic growth and faster inflation.
Thursday, October 4th 2007 - 21:00 UTC
US dollar continues to drop against Chilean peso

The US Dollar dropped to its lowest value in relation to the Chilean Peso in over seven years on Monday, before slightly rebounding on Tuesday. Meanwhile, President Michelle Bachelet responded to this news by saying that the currency's continuing decline is a source of concern in Chile.