Tag: commodities

• Tuesday, February 8th 2011 - 17:49 UTC

  Rate hikes expected in Brazil and Chile as global commodity prices drive inflation

  

  Global commodity prices continue to be the main driver of inflation in both Brazil and Chile, according to the latest Latin America update report from Capital Economics.

• Friday, February 4th 2011 - 21:07 UTC

  France and FAO call for greater regulation to curb commodities speculation

  

  France and the U.N. food agency FAO warned on Friday about the risk of a new global food crisis and ensuing riots, calling for greater regulation to curb speculation on commodities markets.

• Wednesday, February 2nd 2011 - 06:49 UTC

  Latin America inter-region trade soared 24.6% in 2010

  

  Inter-region Latinamerican trade soared 24.6% to 133 billion US dollars during 2010 according to the latest report from ALADI (Latinamerican Integration Association) released Tuesday in Montevideo. This signals a significant recovery from the late 2008 financial crisis but still is short of that year’s record of 146 billion USD.

• Sunday, January 23rd 2011 - 16:26 UTC

  Opportunity for Latin America?

  

  The dynamics of the past few months regarding the price of oil, prime materials and food stuffs, worryingly reminds us of what happened to the world economy mid-2008. At the time the sky high price of oil – which reached U$147 a barrel - and the food crisis caused havoc.

• Thursday, September 16th 2010 - 02:36 UTC

  Gold surges to a new all time high of 1.274,75 per ounce

  

  The gold price surged to a new all-time high on Wednesday driven by a weaker dollar and its safe haven appeal. The precious metal was up almost 2% at $1,274.75 per ounce, surpassing the previous record of $1,265.30 struck on June 21.

• Wednesday, September 15th 2010 - 00:27 UTC

  Ending the commodities ‘curse’

  

  By Augusto de la Torre (*) - In 1672, Potosí, Bolivia, was one of the largest and richest cities in the world. Located at the base of Cerro Rico, Potosi was a hotbed of Spanish silver mining, the operations of which were so prolific; a Potosi became synonymous for great riches.

• Thursday, April 29th 2010 - 18:59 UTC

  Fish Meal Price Rockets Because of Chilean Earthquake Damage to Plants

  

  The earthquake in Chile earlier this year destroyed Chilean processing plants tightening world supply of fishmeal and causing world market prices to hit an all-time high. Chile is the world’s second biggest exporter of fishmeal, second only to Peru.

• Tuesday, April 27th 2010 - 21:57 UTC

  IMF Warns Latam “Cheap and Abundant Credit” Rises Risk of Boom-Bust Cycle

  

  Latin American economies as a whole are recovering nicely from the global economic downturn but “cheap and abundant external finances raise the risk of a boom-bust cycle”, said Nicolas Eyzaguirre, IMF Western Hemisphere Department Director.

• Friday, April 23rd 2010 - 01:26 UTC

  Latam growingly dependent on Chinese demand for commodities

  

  Latinamerican countries with a greater link to China such as Chile, Brazil and Peru are moving out of the crisis faster and stronger according to a World Bank report which underlines the increasing significance of the Asian giant for the region.