Economy

Thursday, December 27th 2007 - 20:00 UTC
Chilean sheep farmer banned from selling livestock to the EU

A Tierra del Fuego sheep farmer has been banned by Chilean sanitary authorities from selling lambs and mutton to the European Union for having violated a self regulated sanitary and flock management program, reports Punta Arenas, La Prensa Austral.
Thursday, December 27th 2007 - 20:00 UTC
Argentine GDP to expand 7.2% and inflation 11% in 2008

Argentine Central Bank President Martin Redrado announced Wednesday before the Senate that the country's economy will grow 7.2% next year, with inflation averaging between 7 and 11% and exports above 60 billions US dollars.
Thursday, December 27th 2007 - 20:00 UTC
China supports strong Yuan to curb fuel and food prices

China's Yuan has soared against the US dollar in its biggest post-revaluation daily rise after the central bank signaled a shift in its policy. The Chinese central bank encouraged the jump by setting a very strong daily reference rate or mid-point of 7.3079.
Tuesday, December 25th 2007 - 20:00 UTC
WTO praises Brazil stance in the Doha Round trade talks

World Trade Organization director Pascal Lamy said Brazil had managed to impose its agenda in the current global trade liberation discussions and trusted that the Doha Round talks will be finalized in 2008.
Tuesday, December 25th 2007 - 20:00 UTC
Falklands' advanced agriculture gives farmers more choices

Agriculture in the Falkland Islands has undergone significant changes in recent years giving farmers far more choices and they can even mix farming with other activities.
Saturday, December 22nd 2007 - 20:00 UTC
US manufacturers anticipate a mild recession next year

The United States manufacturing sector will face turbulent times next year due in large part to the continuing housing collapse. As a result, the economic landscape will remain highly volatile in 2008 before rebounding in 2009, according to the Manufacturers Alliance/MAPI Quarterly Industrial Outlook, a report that analyzes 27 major industries.
Friday, December 21st 2007 - 20:00 UTC
Argentine economy expanding at an annualized 9.4%

The Argentine economy grew a robust 9.4% in the 12 months ending in October, reported the government on Thursday. A survey of 11 analysts had forecast Argentine growth at a median of 8.9%, with estimates ranging from 8.5 to 9.8%.
Thursday, December 20th 2007 - 20:00 UTC
Peru is planning not to renew loan agreements with IMF

Peru, one of the International Monetary Fund, IMF, clients has announced it has no intention of renewing the stand by agreement that extends until February 2009.
Thursday, December 20th 2007 - 20:00 UTC
Inflation, ECB target; no Euro interest rate cut on sight

The European markets fell for the consecutive third day on Wednesday after European Central Bank President Jean-Claude Trichet signaled that faster inflation will prevent policy makers from cutting interest rates to ease the continuing crunch in the credit markets.
Thursday, December 20th 2007 - 20:00 UTC
Record investment boosts Brazilian growth 5.2% in 2007

Brazil's GDP is forecasted to expand 5.2% in 2007, up from the original 4.5%, said the Applied Economics Research Institute, IPEA, an office from the Brazilian Executive. The quarterly report indicates that the industrial sector is estimated to grow 6% this year, up 0.8 percentage points above the first estimate.