Economy

Saturday, January 6th 2007 - 20:00 UTC
Controversy erupts over intended cuts in Royal Navy

Controversy erupted in Britain following reports in the London press that the Royal Navy will experience a drastic cut to its surface fleet and promotion for RN officers is to be frozen for five years as a result of cost cutting measures.
Saturday, January 6th 2007 - 20:00 UTC
Argentine peso, 25% below “equilibrium exchange point”

Five years after the melting of the Argentine economy and one of the country's major financial setbacks including a massive devaluation, Argentina has the least valued currency against the US dollar, according to a panel of economists from J P Morgan investment bank.
Friday, January 5th 2007 - 20:00 UTC
Chile's wine prices rise on international markets

Exports of Chilean bottled wine to foreign markets are increasingly lucrative, with wine prices increasing in nine of the top ten market destinations between January to November last year.
Friday, January 5th 2007 - 20:00 UTC
EU top delegation to meet Bush and Democrat leadership

The European Union called on the United States to show leadership in reviving the stalled Doha trade talks ahead of meetings in Washington next Monday of top EU officials with President George W. Bush and the new Democrat congressional leaders.
Thursday, January 4th 2007 - 20:00 UTC
2006 exports rocket to record high. EU is CODELCO chief importer

Chile's exports ÃÂ¢€“ at least in terms of dollar amounts ÃÂ¢€” rose dramatically in 2006, fueled in large part by record high copper prices.
Thursday, January 4th 2007 - 20:00 UTC
Brazil buys half of Argentina's growing rice exports

Argentina in the first ten months of 2006 exported 376.000 tons of rice valued at 98 million dollars US dollars, half of which to Mercosur partner Brazil, which is also its main trading partner.
Thursday, January 4th 2007 - 20:00 UTC
Chile's 2006 inflation peaked at 2.6%

Chile's Consumer Prices Index, IPC, ended at 2.6% in 2006 with a last 0.1% push from December, according to the latest release from the country's Statistics Institute, INE.
Wednesday, January 3rd 2007 - 20:00 UTC
Argentina takes Chile to WTO on Chilean safeguards on dairy products

Argentina has filed a dispute complaint against Chile before the World Trade Organization (WTO) after Chile in mid December imposed a 23-percent additional safeguard on some dairy products imported from Argentina.
Wednesday, January 3rd 2007 - 20:00 UTC
China promises a “stable currency policy” for 2007

China's central bank under international pressure to make the yuan more flexible will in 2007 pursue a “stable currency policy” to promote economic growth.
Wednesday, January 3rd 2007 - 20:00 UTC
Uruguayan authorities forecast 4.6% growth in 2007

Uruguay's Minister of Economy Danilo Astori announced Wednesday the country's economy would expand 4.6% in 2007, after having finished the third year running of expansion above the region's average.