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Chile central bank seen cutting CPI, upping GDP views  SANTIAGO: Chile's central bank is expected to raise its economic growth forecast and trim its inflation outlook for 2012 when its closely watched quarterly monetary policy report is issued on Wednesday, a Reuters survey of Chilean-based analysts showed. They said the central bank will likely use the report to express a "wait and see" posture on interest rate policy as it weighs the potential impact of uncertain economic developments abroad. The central bank in January cut its benchmark interest rate to 5 percent, and has kept it there since. It recently said that it considers that a "neutral rate," a stance expected to be maintained in Wednesday's monetary policy report. In standard monetary policy parlance, a neutral interest rate neither spurs or curbs economic growth, all other factors being equal. Four out of 10 analysts polled by Reuters see the central bank's monetary policy report (IPoM) raising the 2012 economic growth range estimate to ...


Venezuela CARACAS: Venezuela's annual inflation slowed for the eighth consecutive month in August, beating government forecasts for the year and giving President Hugo Chavez respite from concerns over soaring prices ahead of the Oct. 7 presidential election. Twelve-month inflation to August was 18.1 percent, compared with 19.4 percent in July. The decrease keeps the rate below the symbolic 20 percent level for the second month in a row and puts the government on track to beat its full-year ...

Obama warns he may mist up at Michelle  NORFOLK: US President Barack Obama warned his daughters might see their Dad cry Tuesday when his wife steps up to give her speech at the Democratic National Convention. The president, running for a second term in a tight election, said he could get "all misty" when First Lady Michelle Obama steps to the podium to headline the first night of the nominating jamboree in Charlotte, North Carolina. "Now, I know that whatever I say here today it's ...

Argentina confirms August tax revenue was 60.46bn pesos  BUENOS AIRES: Argentina's August tax revenue rose 29.2 percent from the same month last year to 60.46 billion pesos ($13.0 billion), the tax agency said on Tuesday. This confirmed the figure announced by President Cristina Fernandez in a nationally televised speech on Monday. The official tax-take beat expectations for revenue of 58.94 billion pesos, according to the median in a Reuters poll. Copyright Reuters, 2012

Argentina approves more corn exports  BUENOS AIRES: Argentina's government has approved the export of another 2.75 million tonnes of 2011/12 corn, an industry source told Reuters on Tuesday. Argentina, the world's second-biggest corn supplier after the United States, had previously granted export permits for 13.5 million tonnes of corn from last season's drought-hit harvest. Copyright Reuters, 2012

Crisis shows Europe of KRYNICA: The debt crisis is showing up a new division within the European Union between members able to cope and those whose courage falls short, Polish President Bronislaw Komorowski said Tuesday. "The division into old and new Europe is being replaced by the new order of a Europe of the able and the less courageous," Komorowski told hundreds of delegates in a keynote speech launching the 22nd Krynica Economic Forum, an annual event in southern Poland ...

After HELSINKI: Rovio, the Finnish makers of the world's most-downloaded mobile app, "Angry Birds", will launch a new game called "Bad Piggies" on September 27, the company said Tuesday. "This innovative game turns the franchise on its head by letting the fans play as the pigs," Rovio said in a statement. The "Angry Birds" game involves using slingshots to launch little birds at fortresses built by green pigs -- an absurdist, addictive game that quickly became the most ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln