Vietnam became the latest rice-producing country to limit exports of the grain and China announced on Friday higher payments to farmers both rice and wheat in an attempt to boost crop production and cool surging inflate
Uruguayan Ministry of Economy admitted that inflation has become a permanent challenge demanding an ongoing monitoring of prices. Remarks follow the latest readjustment of fuel (2.4%) and bakery (14%) prices which have been influenced by the soaring values of oil and wheat.
Chronic neglect of agriculture in Asia and the Pacific has left over 200 million people in extreme poverty amid rising prices for foodstuffs and despite robust growth in other sectors, according to a United Nations report released Thursday.
Support for Brazilian President Lula da Silva's administration jumped to its highest level 58%, riding on a strong economy which has helped boost wages and jobs, a public opinion poll showed on Thursday.
The US economy is continuing its economic downturn although it would be premature to officially declare a recession, the Organisation for Economic Co-operation and Development (OECD) has said.
Brazil became in 2007 Spain's second most important trade partner in the region (behind Mexico) and the main destination for Spanish net investments, according to official figures released this week in Madrid.
The European Central Bank president Jean Claude Trichet anticipated high inflation for a relatively longer period than originally expected and defined growth outlook for the European Union a unusually uncertain.
The merger of the Brazilian Bolsa de Valores de Sao Paulo and the futures Bolsa de Mercaderias & Futuros-BM&F SA confirmed the creation of the world's third-biggest publicly traded securities exchange and the largest in Latin America.
The spiral in rice world prices has become an extraordinary source of revenue for exporters Thailand and Vietnam but for the rest of Asian countries is a ticking time bomb that could lead to social chaos. Rice is the staple food for hundreds of millions in Asia and the Pacific basin.
The Managing Director of the Abu Dhabi government-owned International Petroleum Investment Co Ipic and Qatar Investment Authority (QIA) will invest 2 billion US dollars in a new fund for global acquisitions. Ipic and QIA will each spend 1 billion in the fund and investment will be leveraged to make best use of acquisition potential.