Economy
EconomyBush administration pushes for FTA with Colombia and Peru
United States Secretary of State Condoleezza Rice this week requested from Congress the ratification of the Free Trade Agreements, FTA, which the White House has signed with Peru and Colombia.
Argentina's January basic food basket index up 2.95%
Argentina's basic food basket consumed by the average family jumped 2.59% last January over December, which is more than double the official consumer prices index for the first month of 2007.
G 7 Ministers address world financial markets' stability
Europe's concern with the stability of world financial markets is one of the main issues to be addressed by the seven most industrialized countries Finance ministers meeting, G-7, which is meeting in Germany and will see China participate for the first time in the main debates.
Growing mineral exports boost Peruvian economy
Peru's Central Bank raised the country's economic growth forecast for 2007 from 5.7 to 6.8%, following a 7.9% expansion in 2006, which was the highest since 1995.
Credibility blow to Kirchner's price controls policy
Argentine president Nestor Kirchner tried Thursday to disengage this week's rise in the country's risk rating and drop in sovereign bonds, from the controversy over the ousting of the head of the Statistics and Census Office (INDEC) responsible for calculating inflation.
ECB warns about medium term risks to price stability
The European Central Bank, ECB, decided Thursday to keep its key interest rate on hold at 3.5%, but pointed out that “strong vigilance” remains essential to ensure that “risks to price stability over the medium term do not materialize”.
Bank of England leaves rates unchanged at 5.25%
The Bank of England left interest rates unchanged at 5.25% following a surprise rise last month. In January, the Bank increased rates from 5.0% to 5.25% in an attempt to curb inflation, which had hit an 11-year high of 3% the month before.
US Fed chief warns about growing economic inequality
United States Federal Reserve Chairman Ben Bernanke said on Tuesday that while on average economic well-being has increased for US citizens the degree of inequality in economic outcomes has raised as well.
China, the locomotive for Latinamerican expansion
Latinamerica could experience a trade boom in the next five to ten years if China sustains its current rates of growth said Andres Solimano from the UN Economic Commission for Latinamerica, CEPAL.
Venezuela prepares an anti inflation package
Venezuela is preparing a package of measures to contain inflation which begun 2007 with a 2% in January, announced Ricardo Sanguino chairman of the Congressional Finance Committee.
