Economy

• Sunday, April 22nd 2007 - 21:00 UTC

  US and EU add efforts in support of a “strong dollar”

  

  United States Treasury Secretary Henry Paulson weekend statements in support of a “strong dollar” don't seem to have convinced markets as the greenback looks ready to slide past a two year low against the Euro.

• Saturday, April 21st 2007 - 21:00 UTC

  Bank of the South initiative with Latam increased support

  

  The Inter-American Economic Council held a high level Public Summit focused on Building Sustainable Societies in Latin America. The Summit's key objectives were to focus on Economic Development Opportunities for the poor impoverished communities of Latin America and the Caribbean and examined ways to encourage the private sector to focus on establishing and expand its corporate social responsibility programs in the region.

• Saturday, April 21st 2007 - 21:00 UTC

  US and EU “need to cede power” in World Bank and IMF

  

  United States and the European Union need to adapt to global changing economic reality and for their own good give up their leadership monopolies at the World Bank and the International Monetary Fund, according to a report from the Atlantic Council of the United States.

• Thursday, April 19th 2007 - 21:00 UTC

  Chilean exporters complain strong peso against US dollar

  The current levels of the United States dollar in Chilean money markets where it dropped to 528 pesos this week, is in line with international markets, according to the country's Central Bank president Vittorio Corbo.

• Thursday, April 19th 2007 - 21:00 UTC

  Latinamerica upbeat about prospects for 2007 and 2008

  

  Latin American economies have improved fiscal positions and achieved better shape than they have in decades, and risks to that stem mostly from the United States and China, according to a World Economic Forum report issued this week.

• Thursday, April 19th 2007 - 21:00 UTC

  Chinese impressive growth keeps surprising and rattling markets

  The Chinese economy grew an impressive 11.1% in the first quarter of 2007, but inflation in March rose to 3.3% and fears that rapid expansion will drive interest rates higher weighed on stock markets.

• Wednesday, April 18th 2007 - 21:00 UTC

  UN forecasts 7% Asia-Pacific growth but risks ahead

  Asia-Pacific countries are set to grow by over 7% this year, although the region will face several economic challenges, primarily the management of exchange rates, according to the the United Nations annual regional economic review.

• Tuesday, April 17th 2007 - 21:00 UTC

  US economy forecasted to undergo mid cycle pause

  

  IMF Managing Director Rodrigo Rato forecasted that the world economy faces another solid year of growth in 2007, estimated in 5%, and underlined the fact that the world is less dependent on the United States economy.

• Tuesday, April 17th 2007 - 21:00 UTC

  Chile's main retail market chains invest in Punta Arenas

  The Punta Arenas retail market in the extreme south of Chile has significantly grown in recent years, attracting Chile's leading retailers. Retail giants Lider, Fallabella, La Polar and Johnson's have opened branches in the southern Region XII city over the past three years, and saw profitable returns in 2006.

• Tuesday, April 17th 2007 - 21:00 UTC

  Argentine economy booming but in full production capacity

  

  Argentina's economic activity in February expanded 7.9% over the same month a year ago, and 0.6% over January 2007, according to the latest release from the National Statistics and Census Office, Indec.