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Chile's currency continues rapid advance as economy grows

Topics:economy
Largely due to big inflows of capital resulting from the expectation of increased economic growth in Chile, the local currency, the peso, has continued its rapid rise in value.

Chile News Digest Chile's Peso Rises to Two-Week High as Economic Growth Quickens (Bloombergs)
Posted: 04/08/07 08:26 by Giovanni

Venezuela won't recognize current value of nationalized co's.

Topics:economy
Announcing the nationalization of four companies in the Orinoco oil reserve, Venezuela says it will only recognize the "booked investments," rather than current net value of the multi-billion dollar projects.

Venezuela News Digest Venezuela says will recognize only Orinoco book value (Reuters)
Posted: 04/06/07 07:18 by Kali

Bolivia to re-nationalize main telecoms company.

Topics:economy
Announcing a commission to look into the matter, the Bolivian government has announced plans to re-nationalize the country's principal telecommunications company.

Bolivia News Digest Bolivia plots nationalization of principal telecom company (International Herald Tribune)
Posted: 04/05/07 08:01 by Giovanni

Uruguay inflation rate surges

Topics:economy
In the biggest jump in the rate of inflation since December 2004, the March consumer prices rose 7.36% from a year earlier, pushing the inflation rate to a two-year high, largely due to rising prices for food, beverages and transportation.

Uruguay News Digest Uruguay March Consumer Prices Rise From Year Earlier (Bloombergs)
Posted: 04/02/07 11:51 by Kali

4.25% inlation linked bonds sold by Uruguay.

Topics:economy
The government of Uruguay has sold $500 million of 20 year, inflation-linked peso bonds in international markets. The bonds will yield 4.25 percentage points over the rate of inflation.

Uruguay News Digest Uruguay Sells $500 Million of 20-Year CPI-Linked Debt (Bloombergs)
Posted: 04/02/07 11:44 by Kali
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