The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasury bonds if Washington imposes trade sanctions to force a Yuan revaluation.
World Bank President Robert Zoellick criticized on Thursday corruption in poor countries that receive the bank's loans, echoing the anti-graft stance of his controversial predecessor, Paul Wolfowitz.
Fears that the Argentine government appears to be intentionally underreporting inflation in an election year emerged again this week when the scandal plagued Statistics and Census Institute (INDEC), under judicial investigation, announced 0.5% July inflation.
According to the Big Mac index from The Economist which measures purchasing power parity, Argentina continues to climb and is rapidly becoming one of the most expensive countries in the world.
Fearing that inflation will fail to moderate as expected the United States Federal Reserve Open Market Committee left on Tuesday interest rates unchanged. Analysts had widely predicted the Federal Reserve would leave rates at 5.25% for a 13th month, and that was the unanimous verdict of the Fed panel.
The Free Trade Agreement between Chile and Japan, which comes into effect next month, will increase Chilean exports to that Asian nation by as much as 400 million US dollars a year, according to newly released Chilean government estimates.
Mexican telecom tycoon Carlos Slim, who is estimated by some calculations to be the world's richest man, said that he shook aside those comments and was more interested in making his business life compatible with his family and personal life.
With less than three months for next October presidential election the Nestor Kirchner administration is going through one of its worst moments since he first took office in May 2003, according to the Confidence Index from the Torcuato Di Tella University.
The European Central Bank (ECB) left Eurozone interest rates on hold at 4% for the second month in a row. The Thursday decision however also anticipated that the ECB will be hiking rates next September or October
The Bank of England decided Thursday to leave the cost of borrowing at 5.75%. The Monetary Policy Committee (MPC) had been widely expected to keep rates on hold this month, as it waits to see the impact of the rises so far, but many economists predict rates will go up to 6% later this year.