Economy
EconomyShareholders unite: Barclays cancels directors' bonuses
Britain's Barclays PLC has said that executive directors will not receive any annual bonus this year as the bank seeks to pacify investors over its £7 billion fundraising. The bank also announced that all members of its board, including chief executive John Varley and investment banking boss Bob Diamond, are to be put up for re-election at its AGM next April.
UK inflation drops fastest rate in 16 years; deflation fears
Inflation in the United Kingdom is dropping at its fastest rate for 16 years thanks to falling fuel prices. The Consumer Prices Index (CPI) slowed to 4.5% in October from 5.2% the previous month.
Crucial week for the survival of US auto industry
United States president-elect Barack Obama said all parties involved in the US auto industry should come together to formulate an economic survival plan.
Japan and Hong Kong officially accept they are in recession
Japan's economy has entered its first recession since 2001 after shrinking by 0.1% in the third quarter. The world's second-biggest economy had previous shrunk by 0.9% in the April to June quarter.
IMF calls for more funding to help with global recovery
The head of the International Monetary Fund says it will need more funding if it is to play a bigger role in aiding a global economic recovery.
Punta Arenas promotes rhubarb as an alternative crop
Magallanes Region is promoting rhubarb as an alternative crop for local small farmers and garden plots in the south of Chile where climate conditions are described ideal for the plant.
Magallanes economy recovers dynamism expands 4.7% in Q3
Magallanes Region in the extreme south of Chile had a positive performance of 4.7% in the third quarter of the year breaking with a sliding tendency since the huge methanol complex close to Punta Arenas was forced to cut production because of insufficient supply of Argentine natural gas.
Uruguay meat exports in ten months totalled 1.3 billion USD
Uruguay meat exports totalled 1.3 billion US dollars until November 8, a 55% value increase over the same period a year ago, according to the latest statistics from the country's Meat Institute.
Chinese industrial output hits 7-year low in October
China's industrial output hit a seven year low as the global economic slowdown continues to batter the world's fourth largest economy eroding demand for Chinese exports.
Ecuador auditing sovereign bonds delays interest payments
Ecuadorian President Rafael Correa said Saturday that his government is invoking a 30-day grace period and has until December 15 to decide if it will make a 30.6 million USD interest payment on 2012 bonds due Saturday.
