Economy

• Tuesday, January 16th 2007 - 20:00 UTC

  China's “only interest” in Latam is finite resources

  China is willing to invest billons of US dollars in Latinamerica to ensure the supply of natural resources but the region's leaders are wrong if they believe that “ideological similarities” guarantee a long cooperation since the interest of Beijing is opportunity, according to the Hong Kong based “China Economic Review”.

• Sunday, January 14th 2007 - 20:00 UTC

  Chile's 2006 inflation rate, 2.6%; 2007 target 3%

  Chile's National Statistics Institute (INE) reported 2.6% inflation for 2006, well within the goal set by Chile's Central Bank.

• Friday, January 12th 2007 - 20:00 UTC

  Penguin News Update

  

  Headlines: Royal visit; Vet hopeful of reindeer recovery; Holberg en route to Monte; This week's cruise visitors.

• Friday, January 12th 2007 - 20:00 UTC

  Tax on Argentine soy exports to subsidize food basket

  

  With the purpose of ensuring in 2007 an inflation of one digit, the Argentine government announced subsidies for items making up the basic food basket to be partially financed with additional taxing on soybean exports.

• Friday, January 12th 2007 - 20:00 UTC

  Argentina says “Oust Botnia” stamped bills fully valid

  

  Argentina's Central Bank said yesterday that bills that have been stamped the legend “Oust Botnia” amid a dispute between Argentina and Uruguay over a Uruguayan pulp mill – and that in hundreds of cases have been retained by cashiers as false — are fully valid and cannot be rejected by anyone or retained by banks.

• Thursday, January 11th 2007 - 20:00 UTC

  Bank of England surprise move takes rate to 5.25%

  

  The Bank of England raised Thursday UK interest rates to 5.25% from 5% in an effort to curb inflation and surprising analysts who were expecting the decision for next month.

• Thursday, January 11th 2007 - 20:00 UTC

  Euro zone interest rate remains unchanged at 3.5%

  The European Central Bank balancing growth against inflation held its key interest rate steady at 3.5% Thursday but is expected to keep a close eye on prices and economic momentum ahead of a possible increase in March.

• Thursday, January 11th 2007 - 20:00 UTC

  US calls on Brazil to relaunch stalled Doha round talks

  

  United States on Thursday called on Brazil to exercise influence over its peers in the G-20 group of developing nations and try to achieve a breakthrough in the stalled Doha global trade talks.

• Thursday, January 11th 2007 - 20:00 UTC

  Morales announces 2007 nationalization of mining industry

  

  Bolivian President Evo Morales renewed his pledge to nationalize his country's mining industry, saying he would complete the task this year.

• Thursday, January 11th 2007 - 20:00 UTC

  Chile in US list of “intellectual property” rigging

  The Office of the U.S. Trade Representative (USTR) announced this week that Chile has been elevated from its “Watch List” to its “Priority Watch List” for alleged failure to comply with U.S. standards for intellectual property rights protection. The USTR cited the software and pharmaceutical industries in Chile as presenting the greatest threats to American business interests.