http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-06-30.htmlLATIN AMERICA Argentina Growth in Argentina's tax revenue may have slowed in June as quickening inflation, declining consumer confidence and a three-month farm strike took their toll on South America's second-biggest economy. ``I certainly see some deceleration in revenue,'' said Bertrand Delgado, an economist at IDEAglobal Inc. in New York. Slowing tax income may endanger President Cristina Fernandez de Kirchner's economic policy of maintaining budget surpluses as a way of insulating theMon, 30 Jun 2008 13:06:34 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-06-30.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-06-23.htmlLATIN AMERICA Argentina Argentine bonds fell to an almost five-week low after farmers renewed their strike against the government following the arrest of a farm leader. The yield on Argentina's benchmark 8.28 percent bonds due in 2033 climbed 10 basis points, or 0.10 percentage point, to 10.45 percent at 4:46 p.m. New York time, according to Bloomberg data. The bond's price fell 0.75 cent on the dollar to 79.75 cents, the lowest since May 14. Farmers launched their fourth strike since MarchMon, 23 Jun 2008 08:22:01 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-06-23.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-06-18.htmlLATIN AMERICA Argentina Argentina's annual inflation rate rose to 32 percent, according to statistics from the country's provinces, said Alfonso Prat-Gay, a former central bank president. ``The only anti-inflationary policy is the manipulation of the consumer price index,'' Prat-Gay told reporters in a televised interview on C5N television channel. Argentine food stores and gas stations may run short of supplies today as truckers, blocking highways to protest business lost to a farm strike,Wed, 18 Jun 2008 07:08:10 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-06-18.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-06-09.htmlLATIN AMERICA Argentina Argentine farm leaders said they will end their latest strike against a new export tax plan on June 9 in order to enter talks with the government and calm fears of food shortages. Argentina's four biggest farming groups said that they are willing to enter talks aimed at ending the dispute, which started when the taxes were introduced March 11. Farmers will remain ``on alert'' along roadsides as talks begin, according to an e-mailed statement drafted after an eight-hourMon, 09 Jun 2008 10:52:50 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-06-09.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-06-02.htmlFitch Ratings, in a special report published, warns of the risks to emerging market (EM) sovereign creditworthiness from rising inflation and has developed a ranking of Fitch-rated EMs according to their vulnerability to inflation shocks. "Rising inflation rather than slowing economies is the principle challenge facing policymakers in emerging economies. Low and stable inflation has underpinned macroeconomic stability and allowed governments to borrow locally rather than incur foreign currencyMon, 02 Jun 2008 07:41:04 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-06-02.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-05-26.htmlLATIN AMERICA Argentina Argentine farmers angry over a government move to raise taxes on agricultural exports ended their second strike in two months this week to negotiate, but the dispute remains unresolved. At issue is a new sliding-scale tax system that pins export taxes to international prices, raising levies on soybeans to about 40 percent at current prices from the previous fixed rate of 35 percent. Argentina is the world's No. 2 corn exporter, the third-biggest soy supplier and the No.Mon, 26 May 2008 07:41:23 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-05-26.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-05-19.htmlLATIN AMERICA Argentina Striking farmers in Argentina are counting on the plunging popularity of President Cristina Fernandez de Kirchner to hel force the repeal of higher export-taxes that have disrupted grain shipments. Farm-group leaders extended their protests yesterday for at least another six days, after the government failed to renew talks over the taxes. Farmers won the support of governors of agricultural provinces Santa Fe and Cordoba and pledged to continue to block grain trucksMon, 19 May 2008 11:19:21 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-05-19.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-05-13.htmlLATIN AMERICA Argentina Argentine farmers began their second national strike in as many months by blocking grain exports and withholding crops to protest tax increases and price caps on domestic food. An eight-day strike was called yesterday after a collapse in talks with the government, and farmers began to stop trucks on highways across the country last night. Brazil Brazil's industrial production expanded in March at the slowest pace since December 2006 as slower economic growth in the U.S.Tue, 13 May 2008 10:18:56 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-05-13.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-05-05.htmlLATIN AMERICA Argentina Argentine bonds show growing speculation that the country will default for the second time this decade as inflation and anti-government protests swell. The nation’s $10.8 billion of floating-rate dollar bonds due in 2012 yield 7.52 percentage points more than Treasuries of similar maturity. That implies an almost 20% chance of Argentina halting payments in the next two years, according to Credit Suisse Group. No other emerging-market government securities have as high aMon, 05 May 2008 08:46:11 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-05-05.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-04-28.htmlLATIN AMERICA Argentina Argentine Interior Commerce Secretary Guillermo Moreno asked the country's cattle ranchers and traders to cut meat prices to the levels they were before a 21-day strike by farmers last month, InfoBae.com reported. Moreno visited the country's livestock market of Liniers, in Buenos Aires, and said that a ban on beef exports will remain until domestic prices fall, the online newspaper said, citing the market's President Roberto Arancedo. Standard & Poor's RatingsMon, 28 Apr 2008 08:13:44 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-04-28.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-04-22.htmlTraffic jams in Beijing and humming air conditioners in Dubai are replacing US highways and suburbs as the driver of global oil prices. China, India, Russia and the Middle East for the first time will consume more crude oil than the US, burning 20.67 million barrels a day this year, an increase of 4.4%, according to the International Energy Agency in Paris. US demand will contract 2% to 20.38 million barrels daily, the IEA says. Economic growth of more than 8% in China and India, coupled withTue, 22 Apr 2008 06:10:06 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-04-22.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-04-14.htmlLATIN AMERICA Brazil Brazil's consumer prices rose more than expected last month, pushing the annual rate above the central bank's target for a third month and cementing expectations policy makers will raise interest rates next week. Consumer prices, as measured by the benchmark IPCA index, climbed 0.48 percent in March, in line with the 0.49 percent in February, the government said. Brazilian banks, led by Banco do Brasil SA, gained after HSBC Securities Ltd. and Fitch Ratings said theMon, 14 Apr 2008 09:02:08 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-04-14.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-04-07.htmlLATIN AMERICA Argentina Argentine farmers, who ended a 21- day strike two days ago for talks with government officials, have yet to arrange a meeting to discuss a tax increase on exports that led to food shortages last month. ``We're still waiting for a call from the government to start negotiations,'' Luciano Miguens, the president of Argentina's Rural Society, the country's biggest farm group, said in a telephone interview from his farm in Buenos Aires province. ``We want to show themMon, 07 Apr 2008 09:43:07 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-04-07.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-03-31.htmlLATIN AMERICA Argentina Thousands of Argentines banging pots and pans took to the streets of Buenos Aires to back a strike by farmers in the biggest protest against the 3-month-old government of President Cristina Fernandez de Kirchner. Protesters supporting farmers opposed to higher export taxes surrounded the obelisk on the capital's main road and massed in the Plaza de Mayo, in front of the presidential palace. Pro-government supporters, some carrying sticks, faced off against the crowdMon, 31 Mar 2008 07:39:13 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-03-31.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-03-25.htmlLATIN AMERICA Emerging-market bonds fell, led by Venezuelan debt, as falling commodity prices prompted concern that developing-nation economies will slow. Oil, the biggest export from Venezuela, Mexico and Ecuador, fell 2.2% to $100.27 a barrel on speculation a US recession will curb demand. The Reuters/Jefferies CRB Index of 19 commodities has tumbled 8.7% this week, which would mark the largest decline since at least 1956. “Terms of trade were fantastic in the last couple of years forTue, 25 Mar 2008 09:05:51 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-03-25.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-03-17.htmlEUROPE European sovereign credits have been underperforming in the recent stress times. Independent of fundamentals such as indebtedness and budget deficits, the spreads in relation to German interest rates have risen uniformly. However, the forecast is that countries with sound macroeconomics will be able to converge to the German level sooner than weaker countries such as Italy or Greece. LATIN AMERICA Argentina Argentina's economy, the second-largest in South America, expanded 9.1 percentMon, 17 Mar 2008 10:27:50 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-03-17.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-03-10.htmlLATIN AMERICA Brazil According to the Monthly Industrial Survey - Physical Production/Brazil (PIM-PF/Brazil) released by the Brazilian Institute of Geography and Statistics (IBGE), industrial production free of seasonal influences increased 1.8% in January compared to December. In relation to January of last year production rose 8.5%. Colombia/Ecuador/Venzezuela The presidents of Ecuador, Colombia and Venezuela shook hands at a regional meeting in the Dominican Republic, which clearly removedMon, 10 Mar 2008 09:59:07 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-03-10.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-03-03.htmlLATIN AMERICA Argentina Argentina, the world's largest exporter of soy flour and soy oil, reported that the country's trade surplus almost tripled last month from a year earlier. The South American country reported a $1.16 billion surplus in January, up from $436 million in the same month a year earlier, the National Statistics Institute said in a statement. Brazil Brazil's central bank posted a loss of 47.5 billion reais ($28.5 billion) in 2007, triple the amount in the prior year, because ofMon, 03 Mar 2008 07:58:34 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-03-03.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-02-25.htmlLATIN AMERICA Argentina Argentina's government will raise pension payments 15 percent by July, raising the minimum payment to 689 pesos ($219), newspaper La Nacion reported. President Cristina Fernandez de Kirchner wants to increase the purchasing power of pensioners hurt by inflation and will grant them a 7.5 percent increase in March and another similar increase in July, the newspaper said, citing government officials it didn't identify by name. Fitch warned on Thursday that Argentina mayMon, 25 Feb 2008 09:36:22 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-02-25.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-02-18.htmlLATIN AMERICA Argentina Venezuelan President Hugo Chavez said Argentina, which is facing energy shortages this year, can count on Venezuela to supply oil and natural gas. Argentina ``has no need to worry'' about energy supplies, Chavez said during a meeting with representatives from the Argentine government, in comments broadcast by Venezuelan state television. Unions representing 70 percent of registered workers in Argentina are demanding wage increases of as much as 30 percent, saying theyMon, 18 Feb 2008 12:26:11 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-02-18.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-02-11.htmlLATIN AMERICA Further declines in the dollar may help some emerging-market nations with rising currencies by making it easier for them to repay dollar-denominated debt, Moody's Investors Service said. ``For countries with large dollar debt, it could be some kind of tail wind,'' said Dietmar Hornung, vice president and senior analyst in Frankfurt for Moody's. In a report today, a research team led by Hornung said these countries would gain the most in debt relief should the dollar continue toMon, 11 Feb 2008 11:02:22 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-02-11.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-02-04.htmlLATIN AMERICA Argentina Argentina's inflation rate rose at least 22.3 percent last year, compared with 8.5 percent as officially reported, according to the union representing the country's National Statistics Institute. The government has underreported the data, said Marcela Almeida, at a news conference at the institute in Buenos Aires. The union based its inflation calculation on official prices that they consider ``reliable,'' Almeida said. She was a statistician with the agency's consumerMon, 04 Feb 2008 13:17:14 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-02-04.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-01-28.htmlLATIN AMERICA Argentina Argentina's industrial output rose 9.9 percent in December from a year earlier, the National Statistics Institute reported. Industrial production last month rose a seasonally adjusted 0.5 percent from November, the institute reported in Buenos Aires. Brazil Brazil's ethanol industry has grown as the government champions the fuel as a means to create jobs, curb pollution and lessen dependence on fossil fuels. Behind the boom lies a harsher reality for the 500,000 workersMon, 28 Jan 2008 10:43:54 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-01-28.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-01-21.htmlLATIN AMERICA Argentina Argentina's economy expanded 9.6 percent in November from a year earlier, President Cristina Fernandez de Kirchner said in a speech in Buenos Aires. Fernandez said that industrial production in Argentina grew 9.9 percent in December. Brazil Brazilian President Luiz Inacio Lula da Silva plans to sign agreements with Cuba during his visit this week to help the island-nation begin deep-water oil exploration. ``I will sign several accords in Cuba,'' Lula said during hisMon, 21 Jan 2008 12:27:18 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-01-21.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-01-14.htmlLATIN AMERICA Brazil Brazil will lower its target for the budget surplus before interest payments this year after the Senate refused to renew a financial-transactions tax, Planning Minister Paulo Bernardo told O Estado de S. Paulo. The government may cut the target to invest in public works, Bernardo said in an interview with columnist Ribamar Oliveira. xBrazil's consumer prices rose the most in more than two years last month, making it harder for the central bank to further cut LatinMon, 14 Jan 2008 09:48:58 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-01-14.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-01-07.htmlLATIN AMERICA Brazil Standard & Poor's Ratings Services said that it affirmed its 'BB+' long-term foreign, 'BBB' long-term local, 'B' short-term foreign, and 'A-3 short-term local currency sovereign credit ratings on the Federative Republic of Brazil, following a week of mixed success on the fiscal front. The outlook on the ratings is positive. Standard & Poor's also published an article entitled "Loss Of CPMF Is A Setback-But Not A Derailment-For Brazil's Credit Prospects," whichMon, 07 Jan 2008 11:05:02 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-01-07.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-12-17.htmlLATIN AMERICA Argentina Argentina, South America's second-largest economy, borrowed $280 million from Corporacion Andina de Fomento to finish infrastructure projects as the nation contends with a dearth of financing stemming from its 2001 debt default. Argentina plans to use $200 million to fund part of the Interconexion Electrica Comahue-Cuyo electricity project, and the remaining money to finance repairs for the Paso Internacional El Pehuenche road plan, Corporacion Andina said in aMon, 17 Dec 2007 09:03:49 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-12-17.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-12-10.htmlLATIN AMERICA Argentina Cristina Fernandez de Kirchner, the first woman elected president of Argentina, replaces her husband Nestor Kirchner today with a pledge to maintain policies that have stoked both growth and inflation. The new president, a 54-year-old former senator, will take the oath of office at the congress building in Buenos Aires. Fernandez’s support for her husband’s economic growth policies may conflict with efforts to slow price increases that some economists say are twice theMon, 10 Dec 2007 08:12:01 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-12-10.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-12-03.htmlLATIN AMERICA Colombia Colombia's monthly inflation rate rose more than expected in November, led by an increase in prices for recreation and food. Consumer prices rose 0.47 percent last month after a 0.01 percent increase in October, the state statistics agency said in Bogota. Ecuador Ecuador removed the president of the state-owned oil company after protests in the Amazon region shut down some production. PetroEcuador President Carlos Pareja was fired and will be replaced by Fernando Zurita,Mon, 03 Dec 2007 09:48:13 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-12-03.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-11-26.htmlLATIN AMERICA Argentina Argentine President Nestor Kirchner said the country's jobless rate in the third quarter fell to its lowest in more than 15 years amid surging economic growth. Kirchner, speaking at the presidential palace, said the unemployment rate fell to 8.1 percent in the third quarter, the lowest since October 1992, compared with 8.5 percent in the second quarter. Industrial production rose 9.3 percent to 9.5 percent for the 12 months through October, Kirchner said. Argentina'sMon, 26 Nov 2007 09:21:24 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-11-26.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-11-19.htmlLATIN AMERICA Argentina The Paris Club would consider a formal proposal from Argentina to repay its debt owed to the group of official creditors with a positive spirit, Xavier Musca, chairman of the club, told Reuters. Argentina owes the Paris Club $6.3 billion and the country's new president-elect, Cristina Fernandez de Kirchner is expected to ask for it to be restructured. Under current Paris Club rules, this would require Argentina to sign up to a programme with the International MonetaryMon, 19 Nov 2007 12:32:07 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-11-19.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-11-12.htmlLATIN AMERICA Argentina Argentina's center-left government announced sweeping export tax increases on grains, a step aimed at giving the state a bigger share of agricultural profits at a time of high global food prices. Argentina is one of the world's top suppliers of farm goods, including wheat, corn and soybeans, but soaring international prices have fuelled inflation and that has prompted a string of government measures aimed at safeguarding domestic supplies and keeping prices underMon, 12 Nov 2007 12:47:34 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-11-12.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-11-05.htmlUS The Federal Reserve cut the fed funds rate by 25 basis points to 4.50%, and the discount rate by an equivalent ¼ ppt. to 5.0%. The FOMC now views the upside risks to inflation and downside risks to growth as "roughly balanced." LATIN AMERICA Argentina Argentina's President-elect Cristina Fernandez de Kirchner will have more control of Congress than her husband, helping ensure passage of government-sponsored bills after she takes office Dec. 10. Fernandez's coalition will have 48 senatorsMon, 05 Nov 2007 12:57:38 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-11-05.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-10-29.htmlLATIN AMERICA Argentina Argentina's first lady Cristina Fernandez de Kirchner won yesterday's election, becoming the first elected female president of the country. She pledged to fight poverty and extend growth. With 61.6 percent of polling stations reporting, Fernandez, a 54-year-old senator, had 43.9 percent support compared with 22.2 percent for excongresswoman Elisa Carrio and 18 percent for former Economy Minister Roberto Lavagna, the electoral commission reported. Carrio conceded defeatMon, 29 Oct 2007 09:18:55 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-10-29.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-10-22.htmlLATIN AMERICA Argentina A group representing U.S. holdouts from Argentina's $104 billion defaulted-debt restructuring in 2005 asked the Paris Club to pressure the South American country to enter negotiations. American Task Force Argentina said in a letter to the Paris Club that Argentina is violating international standards in refusing to negotiate with the holdouts. ``We urge the Paris Club to communicate to Argentina that a reasonable, timely, debt payment agreement can be reached with allMon, 22 Oct 2007 09:05:18 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-10-22.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-10-15.htmlLATIN AMERICA Argentina Argentine President Nestor Kirchner said South America's second-largest economy will reach an accord with the Paris Club group of creditor nations to repay about $6 billion in defaulted debt. Kirchner didn't provide details of the plans. Argentina, which defaulted on $95 billion in debt in 2001 and devalued its currency the following year, restructured most of its debt in 2005, failing to reach an accord with the Paris Club. Brazil Brazil's inflation rate fell to aMon, 15 Oct 2007 09:11:47 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-10-15.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-10-08.htmlLATIN AMERICA Argentina Argentina's central bank doubled its repurchase agreements and cut their interest rates by a quarter point today in an effort to boost liquidity and lower borrowing costs in South America's second-largest economy. The central bank lowered rates today on 7, 14, and 30-day repurchase agreements to 10.25 percent, 10.5 percent and 10.75 percent, respectively, the bank said in a statement first released Sept. 27. Brazil Brazil's trade surplus narrowed in September from theMon, 08 Oct 2007 09:56:59 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-10-08.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-10-01.htmlLATIN AMERICA Ecuador Ecuadorean President Rafael Correa said the South American country will pay its debts this year and next and will continue to do so as long as it has the funds. ``There is no financing problem this year and there won't be a financing problem next year,'' Correa, 44, said in a speech at the Council of the Americas in New York. Correa has threatened to halt payments on the nation's $10 billion foreign debt as recently as December to free up funds for social spending.Mon, 01 Oct 2007 09:40:16 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-10-01.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-09-24.htmlLATIN AMERICA Argentina Argentina’s economy expanded 8.6% in July, compared with the same month a year ago. Brazil Brazil's real rose to near the highest in almost two months on speculation dollar inflows will increase on resumed purchases of riskier emerging-market assets after the Federal Reserve cut borrowing costs. Colombia Colombia's peso rose to its strongest in more than a month on expectations of rising investment from abroad in higher-yielding local assets. The currency had itsMon, 24 Sep 2007 14:05:26 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-09-24.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-09-17.htmlLATIN AMERICA Argentina Argentine Central Bank President Martin Redrado said the bank is “deeply concerned” about the country’s inflation rate. Consumer prices in Argentina rose 8.7 percent last month from the same period a year earlier, the third-fastest rate reported in South America after Venezuela and Uruguay. President Nestor Kirchner has tried to stem inflation by limiting exports of beef and wheat to keep domestic prices down, reaching price accords with companies like Unilever NV, andMon, 17 Sep 2007 11:37:17 GMThttp://www.fxstreet.com/fundamental/analysis-reports/Rainer.Singer@erstebank.at (Erste Bank der oesterreichischen Sparkassen AG)http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2007-09-17.html