Economy

Monday, April 2nd 2007 - 21:00 UTC
Under intense pressure US and South Korea reach trade agreement

United States and South Korea reached Monday a free trade accord involving 29 billion US dollars and if ratified by the two Congresses would be the largest for the US since the North American Free Trade Agreement in 1994.
Monday, April 2nd 2007 - 21:00 UTC
Montevideo chosen as the best city to live in Latinamerica

While Zurich is considered the best city in the world to live in, Montevideo in Uruguay leads in Latinamerica followed by Buenos Aires and Santiago de Chile according to the Mercer Human Resource Consulting Quality of Living ranking of 215 cities taking New York as reference, with 100 points.
Friday, March 30th 2007 - 21:00 UTC
Uruguay sells 500 million US dollars in bonds and tightens credit

Uruguay sold this week 500 million US dollars in inflation-linked bonds denominated in pesos and due to mature in 2027, at a yield of 4.25% over inflation, said Economy Minister Danilo Astori.
Thursday, March 29th 2007 - 21:00 UTC
Bernanke: “Increased uncertainty” about US economy

US Federal Reserve Chairman Ben Bernanke said Wednesday that uncertainty about the outlook for the US economy has increased and any future decisions on rates will depend on the evolution of growth and inflation.
Thursday, March 29th 2007 - 21:00 UTC
Bolivian massive exodus before Spain no visa deadline

Thousands of anxious Bolivians desperate to travel to Spain before Friday, when visas will begin to be required, flooded this week two of the country's main airports. In the middle of the chaos the government claims the massive exodus has been encouraged by travel agencies, some of which have swindled travelers.
Tuesday, March 27th 2007 - 21:00 UTC
Not enough beef to go around “in five years time”

The United Kingdom government must wake up to the fact that the upturn in the world economy has the potential to make beef much more expensive for consumers and, by implication, stretch supplies.
Tuesday, March 27th 2007 - 21:00 UTC
US falling home values brings uncertainty to markets

United States falling home values, poor consumer confidence and rising fuel prices knocked Tuesday Wall Street and Latinamerican stock markets. The New York-based Conference Board index for March fell to 107.2 from 111.2 a month earlier.
Monday, March 26th 2007 - 21:00 UTC
Santiago is the 5th richest city in Latin America

Consulting firm Pricewaterhouse Coopers recently ranked the richest cities in the world by measuring economic output and consumer buying power. Santiago ranked 53rd overall, but 5th among other cities in Latin America, after Mexico, Buenos Aires and Sao Paulo and Rio de Janeiro.
Monday, March 26th 2007 - 21:00 UTC
Japan Central Bank committed to gradual rate increases

Bank of Japan board members decided to gradually raise interest rates following on developments in the economy and prices, according to the minutes of the February meeting and confirmed by Governor Toshihiko Fukui.
Monday, March 26th 2007 - 21:00 UTC
Federal Reserve: Chinese holdings of US dollars “is not a problem”

China's accumulation of United States debt is not a problem for the US or for the Federal Reserve monetary policy, said Chairman Ben Bernanke said in a letter dated March 16 but released on Monday.