Economy

Saturday, March 10th 2007 - 21:00 UTC
“No talks with Argentina with blocked bridges” reiterates Vazquez

In spite of the simultaneous blockading by Argentine pickets of the three bridges leading to Uruguay, President Tabare Vazquez reiterated during a joint press conference on Saturday next to visiting US President George Bush that he will “not negotiate while the blockades persist”.
Friday, March 9th 2007 - 21:00 UTC
Argentina temporarily bans wheat and flour exports

In an effort to ensure domestic supply and contain inflation Argentina announced Thursday the temporarily suspension of wheat and flour exports.
Thursday, March 8th 2007 - 21:00 UTC
Joint anti FAM disease program in critical border area

Foot and mouth disease multination sanitary missions will begin acting in the second half of March along the common borders of Argentina, Paraguay, Brazil and Bolivia, where FAM is endemic revealed Uruguayan authorities.
Thursday, March 8th 2007 - 21:00 UTC
Lan ranked best airline in South America

Chile's LAN was chosen as the premier airline in Central and South America by U.S. magazine Global Traveler. The company received the award based on a reader survey conducted by the magazine between February and August of last year.
Thursday, March 8th 2007 - 21:00 UTC
Euro zone rate up 25 points to 3.75%; unchanged in UK

The European Central Bank raised its key interest rate 25 points to 3.75% in an attempt to keep inflation under control and in the United Kingdom the Bank of England left rates unchanged at 5.25%.
Thursday, March 8th 2007 - 21:00 UTC
Huge security and protests for Bush in Sao Paulo

United States president George Bush arrived late Thursday to Sao Paulo for a 24 hours visit to Brazil, --the first leg of his Latinamerican trip--, amidst serious street protests with eight people injured and scores arrested.
Wednesday, March 7th 2007 - 21:00 UTC
Greenspan: “one third probability” of recession

Former Federal Reserve Chairman Alan Greenspan said there's a “one-third probability” of a recession this year in United States and that the current expansion won't have the staying power of its decade-long predecessor.
Wednesday, March 7th 2007 - 21:00 UTC
World economy “is very strong”, says US Treasury Secretary

United States Treasury Secretary Henry Paulson in the middle of an Asian tour and currently in South Korea expressed confidence in the global economy describing it as strong and characterized by low inflation.
Wednesday, March 7th 2007 - 21:00 UTC
Brazil on course to a more flexible monetary policy

Brazil's Central Bank on Wednesday cut the basic reference interest rate Selic by 25 points to 12.75%, in line with market expectations and government promises of a more flexible monetary policy
Wednesday, March 7th 2007 - 21:00 UTC
Negative February Consumer Price Index in Chile: -0.2%

Chile's Consumer Price Index deflated 0.2% in February, totaling 0.1% in the first two months of 2007 and 2.7% in the last twelve months, according to a release from the country's National Statistics Institute.