Economy

Friday, May 4th 2007 - 21:00 UTC
Brazilian stocks record; Bovespa index above 50.000 points

Brazilian stocks climbed Thursday to a new record pushing the benchmark Bovespa index above 50,000 for the first time. The index of most-traded shares on the Sao Paulo exchange rose 746.68 or 1.5% to 50,218.22.
Friday, May 4th 2007 - 21:00 UTC
South American countries agree creation of development bank

The Finance and Economy ministers from Argentina, Brazil, Bolivia, Ecuador, Paraguay and Venezuela decided Thursday in Quito the creation in parallel of a development bank and a macroeconomic stabilization fund to support financially the region.
Friday, May 4th 2007 - 21:00 UTC
S&P Raises Uruguay Outlook to Positive

S&P has raised its outlook on Uruguay's B+ sovereign credit rating to positive from stable to reflect expectations of a sustained implementation of the economic policy agenda.
Thursday, May 3rd 2007 - 21:00 UTC
South America set for dairy increase

The FAO and other specialists of the Dairy Industry predict that, by year 2027, world demand for dairy products will have increased 20% while the price of milk will maintain the same and South American countries will become the key players of the world market for supply of dairy products.
Wednesday, May 2nd 2007 - 21:00 UTC
US regional offensive in support of free trade agreements

United States Deputy Secretary of State John D. Negroponte warned Wednesday that rejection by the Democrat controlled Congress of free trade agreements with Colombia, Peru and Panama would mean a serious blow for Washington's interests in the region.
Sunday, April 29th 2007 - 21:00 UTC
Latam must prepare for China post raw materials trade

The trade honeymoon between China and Latin America cannot last forever, experts warn: sooner or later, the Asian giant will reduce its need for raw materials, and countries across the Americas will then have to offer value-added, higher-tech goods.
Saturday, April 28th 2007 - 21:00 UTC
IMF concerned with “social gaps” and “populist” governments

Latin American governments should increase social spending while maintaining sound fiscal policies to reduce poverty and growing political dissatisfaction in the region, IMF Managing Director Rodrigo de Rato said at a conference in Boston.
Friday, April 27th 2007 - 21:00 UTC
China confident in reining inflation with higher interest rates

Inflation in China is forecasted to stay within the government's target zone of 3% in 2007 giving Beijing authorities enough space to push ahead with pricing reforms for resources, according to a government economist.
Friday, April 27th 2007 - 21:00 UTC
Santiago Consensus calls for integration and education investment

Chile's Michelle Bachelet and Brazil's Lula da Silva called for deeper regional integration and increased investment in education, two priorities that mirrored a consensus among the 400 business, government and civil society leaders from 28 countries participating in the World Economic Forum on Latin America in Santiago.
Friday, April 27th 2007 - 21:00 UTC
Euro Sets New Record High Vs. Dollar After Weak U.S. GDP

The dollar fell to an all-time low against the euro Friday, after a government report showed the U.S. economy slowed to a real annualized growth rate of 1.3% in the first quarter, marking the weakest expansion in four years.