Economy

Thursday, January 25th 2007 - 20:00 UTC
Argentina: record exports and a 12.4 billion surplus

Argentina last year posted a 12.4 billion dollar trade surplus on record exports of 46.6 billion dollars and record imports of 34.2 billion dollars, helped by an average growth of about nine percent in each of the last four years after a crippling five-year recession.
Thursday, January 25th 2007 - 20:00 UTC
Uruguay signs trade agreement with United States

Following months of negotiations the Uruguayan government signed Thursday a controversial trade agreement with United States in spite of dissent inside the left leaning ruling coalition over how far closer links with Washington will lead.
Wednesday, January 24th 2007 - 20:00 UTC
Argentine vegetables & legumes 2006 export revenue up 18%

Argentina last year exported fresh vegetables and legumes for 264 million dollars, nearly half of which were accounted for by garlic and onion, with fellow Mercosur trade partner Brazil being the main destination.
Tuesday, January 23rd 2007 - 20:00 UTC
Argentine booming soybean industry breaks new records

Argentine soy bean mills processed 2.68 million tons of soybeans in November, up 28.9% from the same month a year earlier, reported the Agriculture Secretariat this week in Buenos Aires.
Tuesday, January 23rd 2007 - 20:00 UTC
New York loosing competitive edge as financial capital

New York City is losing its competitive edge and could give up its lead as the financial capital of the world in ten years according to a report commissioned by Mayor Michael Bloomberg and NY Senator Charles Schumer.
Monday, January 22nd 2007 - 20:00 UTC
Argentine farmers protest commodities higher export taxes

Several Argentine farmers associations are planning a full day of protest for next Tuesday in four main cities to express their dissatisfaction and rejection with the current agriculture policy of President Nestor Kirchner's administration.
Monday, January 22nd 2007 - 20:00 UTC
Brazil still far from Investment Grade says Fitch

Brazil is still far from the much coveted Investment Grade in spite of financial market speculations according to the risk rating agency Fitch Ratings which estimates that the BBB qualification will have to wait “two to three” years.
Monday, January 22nd 2007 - 20:00 UTC
Argentina completes four years of growth at “Chinese” rates

Five years ago in the middle of political and economic chaos Argentina defaulted and devalued the currency putting an end to a decade of a fixed exchange rate of one peso equivalent to one US dollar.
Monday, January 22nd 2007 - 20:00 UTC
Ecuador plans to restructure debt with 60% face value cut

Following on Argentina's steps, Ecuador plans to cover fiscal needs with the sale of bonds to Venezuela and will renegotiate part of its sovereign bonds only admitting 40% of face value, announced Ecuadorian Finance minister Ricardo Patiño.
Saturday, January 20th 2007 - 20:00 UTC
Argentine industry grows for fourth straight year

Argentina's industrial production grew 8.3 percent last year mainly fuelled by a good performance in the car, construction and food sectors, achieving 50 straight months of growth, according to the state-run INDEC statistics and censuses agency.