Economy

Friday, April 27th 2007 - 21:00 UTC
Santiago Consensus calls for integration and education investment

Chile's Michelle Bachelet and Brazil's Lula da Silva called for deeper regional integration and increased investment in education, two priorities that mirrored a consensus among the 400 business, government and civil society leaders from 28 countries participating in the World Economic Forum on Latin America in Santiago.
Friday, April 27th 2007 - 21:00 UTC
Euro Sets New Record High Vs. Dollar After Weak U.S. GDP

The dollar fell to an all-time low against the euro Friday, after a government report showed the U.S. economy slowed to a real annualized growth rate of 1.3% in the first quarter, marking the weakest expansion in four years.
Thursday, April 26th 2007 - 21:00 UTC
Uruguay/US trade and investment talks in Washington

Uruguay and United States resumed on Thursday trade and investment talks in Washington with the purpose of increasing bilateral exchanges. Uruguay is targeting an increase in its current 20.000 tons of beef quota, free of tariffs, and the opening of the US market for lamb and mutton.
Wednesday, April 25th 2007 - 21:00 UTC
Chile and Brazil, the most attractive for private investment

Chile, Brazil, Colombia and Peru figure as the most attractive countries in Latinamerica for private investment in infrastructure according to a report from the World Economic Forum meeting this week in Santiago de Chile. At the other end Venezuela, Bolivia and the Dominican Republic figure as the less attractive.
Tuesday, April 24th 2007 - 21:00 UTC
UK Barclays and ABN Amro agree to largest bank merger

Britain's Barclays bank agreed to merge with Dutch bank ABN Amro in a deal worth 90 billion US dollars, creating one of the world's largest banks with a turnover of 190 billion US dollars.
Tuesday, April 24th 2007 - 21:00 UTC
Toyota en route to dethrone GM as world's top automaker

Japan's Toyota sold more vehicles globally in the first quarter of 2007 than General Motors according to preliminary figures the clearest sign yet that the Japanese company is on track to overtake its U.S. rival as the world's top automaker.
Tuesday, April 24th 2007 - 21:00 UTC
US housing market problems persist: March sales down 8.4%

Sales of second hand United States homes fell 8.4% in March, the sharpest month-on-month drop for 18 years according to data from the National Association of Realtors released on Tuesday.
Tuesday, April 24th 2007 - 21:00 UTC
China warns cooperation with US could be ”seriously undermined

China warned this week that the recent complaints filed by the United States against China to the World Trade Organization (WTO) would seriously damage cooperation between the two countries.
Tuesday, April 24th 2007 - 21:00 UTC
Crash of Spanish real state market knocks Madrid's stock exchange

Europe's main stock markets closed lower in line on Tuesday following a weak performance on Wall Street and the full impact of the Spanish stock exchange hit by a housing market crash.
Monday, April 23rd 2007 - 21:00 UTC
China becomes main destination for Chilean exports

China replaced the United States as the principal destination for Chilean exports in this year's first quarter. Chile's exports from January to March totalled over 15 billion US dollars, of which nearly 15.5% approximately 2.4 billion went to China.