Economy
EconomyArgentina’s current account balance down to 900 million USD in third quarter
Argentina's current account balance--the broadest measure of a country's transactions with the rest of the world—posted a 900 million US dollars surplus in the third quarter, but was down slightly from expectations and the performance from a quarter earlier.
Brazilian lawmakers among the best paid in the world
With the recent 62% increase Brazilian lawmakers (Lower House and Senate) will be among the best paid in the world, ahead of European and US peers and from other emerging economies.
Which are the countries most effective in reducing poverty and inequality?
Argentina, Brazil, Bolivia and Venezuela are the countries which most reduced inequality and poverty during the last decade in Latinamerica, according to Alicia Bárcena, executive secretary from the United Nations Economic Commission for Latin America and the Caribbean, Cepal.
Brazil world fourth largest market for the auto industry: 3.45 m sales in 2010
Brazil has become the world’s fourth largest market for the automobile industry with sales of 3.45 million in 2010, up 9.8% over 2009, and is also attracting massive overseas investments to the industry, reports Anfavea the Brazilian Association of automobile manufacturers.Brazil now stands behind China, United States, Japan and ahead of Germany.
Chilean wine industry booming: sales up 10% and exports 11.7%
Between Jan and Oct 2010, 83 of the top 100 Chilean wineries increased their sales of bottled wine. According to figures from Wines of Chile, 68 of these wineries increased sales by more than 10%. Exports have increased by 11.7% compared to figures during the same period in 2009.
Fiat targeting a production of over a million cars in Brazil
Fiat announced this week that it plans to invest 3 billion Real (approx. 1.7 billion USD) to build a second plant in Brazil, the carmaker’s No. 2 market after its native Italy.
China targeting economic growth of 8% and 4% inflation for 2011
The Chinese government is targeting economic growth of around 8% and inflation of around 4% next year, state television reported this week, citing Zhang Ping, the head of the National Development and Reform Commission.
Cars and construction spur Argentina industrial production 12.5% in November
Argentina's industrial production grew more than expected in November, on the back of big gains in automobile and construction materials output. Industrial production last month rose 12.5% on the year, and 4.1% in seasonally adjusted terms from October, the national statistics agency, Indec, reported Friday.
Featured Analysis
Dragon and Elephant: complicated neighbourhood
*By Sameer Jafri - Year 2010 marks sixty years of diplomatic relationship between India and China. Though the relations between the two go back to ancient times, the period since 1950 till present is mainly fraught with boundary dispute, which also led to a short-lived war in 1962. But in recent times, both sides have successfully attempted to normalize the bilateral relationship, mainly driven by the mounting bilateral trade.
UK, France, Germany join forces to freeze EU budget until end of the decade
British Prime Minister David Cameron has joined forces with France and Germany to demand a real-terms freeze in the European Union budget until the end of the decade.
