Economy

Wednesday, June 20th 2007 - 21:00 UTC
Brazil with record budget primary surplus in April/May

Brazil's budget primary surplus reached in April 23.5 billion Reales (approx 12 billion US dollars) following on an equally positive March, 19.4 billion Reales (approx 10.2 billion US dollars) reported the Central Bank.
Tuesday, June 19th 2007 - 21:00 UTC
IMF warns about fiscal deficits and price controls systems

The International Monetary Fund Managing Director Rodrigo Rato warned about the risks for Latinamerica of “populist” economic measures which worsen fiscal deficits, or price controls and manipulation of exchange rates.
Monday, June 18th 2007 - 21:00 UTC
Andes tunnel cleared of snow and stranded trucks begin moving

The key mountain highway connecting Argentina with Chile was partially opened for vehicles, as weather conditions improved following days of heavy snow and wind that left thousands of tucks idle on both sides of the border.
Monday, June 18th 2007 - 21:00 UTC
Canada/Chile trade quintuples in the last five years

Trade between Chile and Canada has quintupled in the past five years, with a whopping 1.45 billion US dollars in goods now exchanged, reports Chile's International Economic Relations Directorate (DIRECON),
Sunday, June 17th 2007 - 21:00 UTC
Brazilian real interest rates are the world's highest

At the beginning of June Brazil lowered its key interest rate, Selic, to 12% a year, the lowest ever and the 16th consecutive reduction since September 2005. But still when inflation is taken into account, Brazil's benchmark real interest rate is 8.3%, the highest in the world followed by Turkey with 7.6%.
Sunday, June 17th 2007 - 21:00 UTC
Brazil revving “for takeoff rivaling China and India”

“Brazil is revving up for an economic takeoff that could rival China and India” according to Martin Weiss author of the New York investment newsletter Money and Markets who praised president Lula da Silva for having built the “foundation for the launching pad”.
Sunday, June 17th 2007 - 21:00 UTC
Santiago is once again Latam's top business city

A study by MasterCard published this week ranked Santiago de Chile as the best place in Latin America for doing business.
Thursday, June 14th 2007 - 21:00 UTC
Markets waiting for US consumer prices index out Friday

United States wholesale prices soared 0.9% in May pushed mainly by a 10.2% rise in fuel prices adding to concerns over continuing inflation risks and fears over further interest rate rises.
Thursday, June 14th 2007 - 21:00 UTC
In Chile it's 14 times better to be an executive than a worker

A recent study by the Mercer Human Resource Consulting (MHRC) group found that the average executive salary in Chile is 14 times greater than the average worker paycheck.
Thursday, June 14th 2007 - 21:00 UTC
“Industrialization” priority alarms Argentine farmers

Argentina's decision to favour industrialization, which was made public during global trade negotiations in Geneva, has caused concern among the country's powerful farm sector which has been the engine behind Argentina's strong recovery since the 2001/02 melting of the economy and default.