Economy

Tuesday, October 2nd 2007 - 21:00 UTC
Magallanes and Punta Arenas with lowest unemployment

Magallanes Region in the extreme south of Chile again recorded the lowest unemployment rate in the country during the June-August quarter, according to the latest release from the country's Statistics Office.
Monday, October 1st 2007 - 21:00 UTC
Inflationary debate rages in Argentina; food CPI ranges 15%

Prices in Buenos Aires supermarkets and groceries jumped 1.6% in August totaling 14.1% in the first eight months of the year according to reports from the controversial Argentine Statistics and Census Office, Indec.
Monday, October 1st 2007 - 21:00 UTC
China becoming world leader in wool processing

During the first seven months of this year China purchased 202.000 tons of wool, equivalent to 1.13 billion US dollars, up 61% over the same period a year ago according to the Uruguayan Wool Secretariat.
Monday, October 1st 2007 - 21:00 UTC
Cuba and the “new climate” after more foreign investors

Cuba is considering further opening its economy to foreign investments given the “new climate” for business and “economic consolidation”. However errors of the past 2will not be repeated”.
Monday, October 1st 2007 - 21:00 UTC
IMF is no longer “policeman” says Strauss-Khan

“The IMF can no longer play the role of policeman” admitted incoming International Monetary Fund Managing Director Dominique Strauss-Kahn who added that the global economy is drastically different from when the IMF was created, and therefore “must adapt to change”.
Monday, October 1st 2007 - 21:00 UTC
Turbulence: strong € displaces concern with weak US dollar

As the Euro hits new highs against the US dollar conflicting signals seem to be coming from Europe as to how address the issue, but much will depend on what happens next Thursday when the European Central Bank and the Bank of England hold monthly meetings.
Friday, September 28th 2007 - 21:00 UTC
Wholesale prices in Uruguay soar 17.6% in nine months

Uruguay's wholesale prices soared 3.1% in September, pushed by higher agriculture costs admitted the government, bringing overall wholesale inflation for the first nine months of the year to 17.6%, compared to 9.7% in the same period a year ago.
Friday, September 28th 2007 - 21:00 UTC
United Kingdom main market for booming Chilean wine industry

Chile's wine and fish exports for the first eight months of 2007 increased a significant 34% and 12% respectively compared to the same period last year.
Friday, September 28th 2007 - 21:00 UTC
Inequality, greatest threat to global stability warns UK

Inequality is one of the greatest threats to global stability and prosperity, the United Kingdom's Foreign Minister told the General Assembly, issuing a call to industrialized nations to meet their commitments on aid, genuinely reform the international terms of trade and play their part in tackling climate change.
Thursday, September 27th 2007 - 21:00 UTC
US grows 3.8% in second quarter; housing still falling

The United States expanded 3.8% in the second quarter in spite of the mid year credit crunch, weak housing and forecasts of a slowing down, according to a revised estimate released Thursday by the US Department of Commerce. In the first quarter the US economy expanded a sluggish 0.6%.