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.
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.
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'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.
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.
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 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 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.
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.
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.