The Governing Council of the European Central Bank, ECB left interest rates unchanged at 4% on Thursday, emphasizing monetary policy will be accommodative and conditioned to further gathering of information given the current high level of uncertainty in financial markets.
August tax revenue in Argentina was a higher-than-expected 17.87 billion pesos, (almost 6 billion US dollars) rising 37.4% from the same month last year, partly due to big jumps in sales and income tax revenues, reported Economy Ministry.
The Bank of England's Monetary Policy Committee (MPC) voted Thursday to maintain the official Bank Rate paid on commercial bank reserves at 5.75% but also cautioned it would monitor closely effects of the current credit re pricing on inflation.
Autocar, the world's oldest car magazine, has exposed all-new Land Rover Freelander through its paces in the Falkland Islands. The territory is considered one of the most rugged and challenging locations for any 4x4 vehicle.
Although many of Chile's agro-industrial sectors have suffered this year due to labor conflicts and an exceptionally cold winter, its wine industry is thriving
The United States economy is feeling a limited impact from the credit re-pricing and weak housing industry, the Federal Reserve said in its Beige Book report Wednesday. The report suggested the Fed may not be in a rush to aggressively cut interest rates despite skittish financial markets.
While many people believe China will effectively quite soon become the world's second economy and catch up with United States sometime this century, MIT Professor Lester Thurow for a range of reasons argues that China's century will not be this one, but the next.
While productivity levels have increased worldwide over the past decade, gaps remain wide between the industrialized region and most others, although South Asia, East Asia, and Central & South-Eastern Europe (non-European Union) & CIS have begun to catch up the International Labor Office (ILO) said in a new report published Monday.
Wheat rose to a record in Paris on Monday as traders speculated that Russia could curb shipments to restrain domestic food prices. Moscow has formed a working group that will consider measures to curb grain prices, which may include sales from state inventories as well as export duties and quotas.
On the first day of Chilean President Michelle Bachelet's trip to Japan, she and Japanese Prime Minister Shinzo Abe signed a Free Trade Agreement (FTA), which came into effect immediately. That accord is expected to create 50,000 new jobs and significantly increase Chile's exports to Japan.