Wheat prices hit record highs this week. Bad weather in key grain growing areas such as Canada and parts of Europe has limited supplies as demand has risen, sparking fears of a supply shortfall and threats of rising bread prices.
Argentina's July industrial production grew 2.7% over the same month a year ago and actually declined 2.1% compared to June 2007 because of the energy crisis which forced many factories to reduce production, according to the latest release from the country's Statistics and Census Office, Indec.
Argentina's cabinet chief Alberto Fernandez promised union leaders on Friday that the controversial Consumer Prices Index, CPI, will be transparent as of next October because the government is intent on ensuring the chances of presidential candidate Cristina Fernandez de Kirchner, reports La Nacion.
British Airways Plc and Korean Air Lines Co pleaded guilty in US court this week to a global price-fixing conspiracy and were each fined 300 million US dollars.
United States President George W. Bush, Canadian Prime Minister Stephen Harper and Mexican President Felipe Calderón pledged closer economic and security relationships but disagreements were also present as was a lame duck atmosphere.
Turbulences affecting world markets which will be around for some time will have an effect on global economic growth because of the uncertainty it has created, said IMF Managing Director Rodrigo Rato in Sao Paulo.
Foreign ministers and envoys from 33 Latin America and East Asian countries on Wednesday opened in Brasilia two days of talks here to boost fledgling trade ties and build links between the far-flung regions.
Interpol Argentina Office said Wednesday an international arrest warrant has been issued for a Venezuelan-US businessman wanted in Argentina on fraud charges stemming from the seizure of a cash-filled suitcase in a Buenos Aires airport.
Latinamerica is poised to enjoy exceptionally high prices for its exports during the next five to ten years given the growing demand for commodities from China and India, according to a report from the United Nations Economic Commission for Latinamerica and the Caribbean, Cepal.
UK House of Commons Foreign Affairs Committee is inviting written and oral submissions on the relationship between the Foreign Office and UK Overseas Territories, including Gibraltar.