Economy

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.
Friday, March 23rd 2007 - 21:00 UTC
Uruguay interested in free trade agreement with Chile

An important delegation of Uruguayan businessmen will be traveling with President Tabare Vazquez to Chile next April 9/10 to promote bilateral trade and business between both countries, according to Montevideo sources.
Thursday, March 22nd 2007 - 21:00 UTC
Fed concerned about growth and inflation

Federal Reserve Chairman Ben Bernanke and his colleagues are still worried about inflation, even while hinting that an interest rate cut may be needed to help boost a weak economy.
Thursday, March 22nd 2007 - 21:00 UTC
Leading banker warns of “market adjustments” in Latam

A senior international banker predicted a further shake-out in emerging markets, particularly Latinamerica, arguing that asset prices in the region, (the best performing market last year) “have run ahead of economic fundamentals in many cases” and the market needs some sort of adjustment.
Thursday, March 22nd 2007 - 21:00 UTC
Brazil's economy moves to tenth position worldwide

Brazil ranks as the world's tenth economy, ahead of South Korea, Holland and Australia, according to a GDP new calculation system announced by the government and which a majority of Brazilians economists consider more in line with reality.
Thursday, March 22nd 2007 - 21:00 UTC
Uruguay's economy expands fourth year running; 7% in 2006

Uruguay's economy expanded 7% in 2006 boosted by the communications and transport sectors according to the latest release from the country's Central Bank.
Tuesday, March 20th 2007 - 21:00 UTC
Argentina's grain crop forecasted to reach 120 million tons

Argentina could increase its annual grain production to 120 million tons by 2010 from about 90 million tons currently according to a top executive of one of the country's leading soy producers.