The European Central Bank decision on Thursday to leave key interest rates at 3.75% came as no surprise to money markets. However the ECB said it would monitor the risks to price stability very closely, avoiding the stronger word vigilance.
Brazil and United States manufacturing industries agreed on Friday in Sao Paulo to join efforts in achieving a reduction of trade barriers, which so far have frustrated a long expected global free trade agreement.
The International Monetary Fund, IMF said Latin America's private credit expansion requires careful vigilance, particularly with household loans and collateral conditions.
The international soybean market, the main crop in Argentina and Brazil, is showing excellent prospects for South American farmers reports Oil World a reputed publication from the industry
China surprised all forecasts and reported a shock tumble in the size of its trade surplus. According to official figures, the March surplus was 6.9 billion US dollars, down from 23.8 billion in February and well below the 20 billion forecast by analysts.
The Argentine government prices policy has collapsed and inflation could become out of control warned on Wednesday Javier Gonzalez Fraga, a former Central Bank president and expert in capital markets.
A report from the International Monetary Fund, IMF, increased 2007 growth forecasts for the region with Argentina clearly leading while Chile and Paraguay expansions were downgraded.
Argentina's National Ombudsman Eduardo Mondino filed Tuesday an appeal with the courts seeking to stop a retroactive hike in gas prices that the President Nestor Kirchner administration authorized in the province of Buenos Aires.
Wall Street declined Wednesday following the release of Federal Reserve minutes from last month's meeting showing policymakers were unanimous in the view that inflation, not economic weakness, was their major worry.
Uruguayan president Tabare Vazquez together with several ministers and a delegation of businessmen arrived Monday in Santiago for a two days visit to Chile with the purpose of exploring new market opportunities and export possibilities for Uruguay.