Chairman Ben Bernanke offered no clear signal that the Federal Reserve is poised to cut interest rates in a speech to central bankers on Friday, even as he reaffirmed its commitment to take into account the likely effects of financial market turmoil on the economy.
The Falkland Islands Government announced on Wednesday the appointment of Tim Thorogood as its next Chief Executive. Normal pre-contract formalities will now begin but it is expected that Mr. Thorogood, 45, will arrive in the Islands in January 2008.
Ben Bernanke said in a letter to an influential New York Senator that the Federal Reserve is ready to act as needed to help the US economy if the current market turmoil spills over into the broader economy.
United States shares recovered Wednesday almost all of Tuesday's heavy falls with the Dow Jones index gaining 1.9% as investors looked to pick up bargains. Increased hopes that the Federal Reserve could cut interest rates following a letter from Chairman Ben Bernanke buoyed investors
To the backdrop of several dozen Argentine protesters in a flotilla of boats and dinghies, Uruguayan President Tabare Vazquez on Wednesday inaugurated storage facilities and improved docks in a port serving a controversial new pulp mill built in Uruguay by Finnish pulp producer Botnia.
Police prevented members and supporters of Chile's largest labor union – the United Workers Central (CUT) – from marching through the streets of the capital Santiago on Wednesday, after union leaders deliberately failed to seek authorization for their protest.
The race to fill the post of Managing Director of the International Monetary Fund, IMF, completes a decisive leg this Friday when the period to register candidacies comes to a close at midnight.
Improved trade and investment figures helped the US economy grow at an annual rate of 4% in the second quarter, according to the latest release from the Commerce Department.
President Michelle Bachelet travels to Japan and Australia this Friday in an 11-day tour of Asian nations that includes a summit meeting of the APEC regional trade group in Australia.
The Forbes list of the World's Most Powerful Women this year includes 29 women helping to run governments around the world. Though that's flat from 30 in last year's ranking, those who have stayed continue to flex their muscles.