Economy

Monday, February 26th 2007 - 21:00 UTC
Greenspan forecasts “possible” US recession end of 2007

Former Federal Reserve Chairman Alan Greenspan said Monday in a video conference with Hong Kong businessmen that a recession in the United States economy was “possible” at the end of the year because the economy has grown since 2001.
Sunday, February 25th 2007 - 21:00 UTC
US severe poverty reached 32-year high: 16 million people

The gap between the “haves” and “have-nots” in United States keeps widening and the percentage of US citizens who are living in deep or severe poverty has reached a 32-year high, 16 million, according to a report from McClatchy Newspapers.
Friday, February 23rd 2007 - 20:00 UTC
Impact of corn prices boom on other farming activities

Corn grain prices have reached a historical level of 123 Chilean pesos, approximately 25 US cents per kilogram, a 73% rise from 2006 figures. This significant leap is a result of the growing ethanol production in the U.S. for which the cereal is essential.
Friday, February 23rd 2007 - 20:00 UTC
Brazil could begin to relax its strict monetary policy

Brazil has named a strong critic of the country's Central Bank strict (and controversial) monetary policy as representative before the International Monetary Fund, IMF, according to a release from the Finance Ministry.
Thursday, February 22nd 2007 - 20:00 UTC
Venezuela offers financial support to Ecuador

Venezuela has set aside 500 million US dollars for cooperation with Ecuador although how the financing would be extended has still not been decided, said Thursday Venezuelan Finance minister Rodrigo Cabezas.
Wednesday, February 21st 2007 - 20:00 UTC
Japan doubles interest rates signaling end of deflation

Japan's central bank doubled interest rates to 0.5% on Thursday following signs of steady growth in the economy and indicating the end of deflation that has plagued the country for years.
Wednesday, February 21st 2007 - 20:00 UTC
US inflation surprises with 0.2% increase in January

United States consumer prices increased 0.2% in January pushed by rising medical and food costs despite a fall in energy prices, reports the US Department of Labor
Wednesday, February 21st 2007 - 20:00 UTC
Venezuela's Chavez grants Kirchner more financial support

Argentina and Venezuela signed Wednesday several agreements establishing ever closer cooperation and financial links including a joint issue of a 1.5 billion US dollars Bond of the South.
Sunday, February 18th 2007 - 20:00 UTC
Peru intent on austerity, to auction a “frivolity symbol”

The Peruvian government has decided to auction the presidential aircraft as part of its austerity policy announced cabinet chief Jorge del Castillo. Earlier in the week President Alan García described the aircraft as a “frivolity symbol”.
Sunday, February 18th 2007 - 20:00 UTC
“Good” but no so good season for Punta Arenas hotels

The number of hotel bookings and passengers this season in Punta Arenas has not been homogeneous according to a survey among the main hotels and published in the local La Prensa Austral.