Economy

Friday, January 26th 2007 - 20:00 UTC
Chile banking industry “The most profitable in the world”

Chilean banks were among the most profitable in the world in 2006, with profits of 18.56 percent in 2006, according to recent figures developed by Chile's Bank and Financial Institution Supervisory Board (SBIF).
Friday, January 26th 2007 - 20:00 UTC
Argentina's risk rate drops to new record and is below Brazil's

Argentina's rate risk dropped Friday below that of neighboring Brazil, a day after the successful floating of sovereign bonds totaling 500 million US dollars, at the lowest interest rate since August 2005.
Friday, January 26th 2007 - 20:00 UTC
Argentine banks enjoy bonanza after debacle

Just a few years after its worst financial debacle in history, Argentina is going through a surprising banking bonanza and experts say it is highly to continue, at least in the short- to mid-term.
Thursday, January 25th 2007 - 20:00 UTC
Global unemployment remains at historic high, says UN

The number of people unemployed worldwide remained at an historical high of nearly 200 million in 2006 despite strong global economic growth, only modest gains were made in lifting some of the 1.37 billion working poor living on less than 2 US dollars per day out of poverty, and the pattern looks set to continue this year, according to a United Nations report released Thursday.
Thursday, January 25th 2007 - 20:00 UTC
Argentina: record exports and a 12.4 billion surplus

Argentina last year posted a 12.4 billion dollar trade surplus on record exports of 46.6 billion dollars and record imports of 34.2 billion dollars, helped by an average growth of about nine percent in each of the last four years after a crippling five-year recession.
Thursday, January 25th 2007 - 20:00 UTC
Uruguay signs trade agreement with United States

Following months of negotiations the Uruguayan government signed Thursday a controversial trade agreement with United States in spite of dissent inside the left leaning ruling coalition over how far closer links with Washington will lead.
Wednesday, January 24th 2007 - 20:00 UTC
Argentine vegetables & legumes 2006 export revenue up 18%

Argentina last year exported fresh vegetables and legumes for 264 million dollars, nearly half of which were accounted for by garlic and onion, with fellow Mercosur trade partner Brazil being the main destination.
Tuesday, January 23rd 2007 - 20:00 UTC
Argentine booming soybean industry breaks new records

Argentine soy bean mills processed 2.68 million tons of soybeans in November, up 28.9% from the same month a year earlier, reported the Agriculture Secretariat this week in Buenos Aires.
Tuesday, January 23rd 2007 - 20:00 UTC
New York loosing competitive edge as financial capital

New York City is losing its competitive edge and could give up its lead as the financial capital of the world in ten years according to a report commissioned by Mayor Michael Bloomberg and NY Senator Charles Schumer.
Monday, January 22nd 2007 - 20:00 UTC
Argentine farmers protest commodities higher export taxes

Several Argentine farmers associations are planning a full day of protest for next Tuesday in four main cities to express their dissatisfaction and rejection with the current agriculture policy of President Nestor Kirchner's administration.