Stories for 2007

Tuesday, August 21st 2007 - 21:00 UTC
China hikes interest rates for the fourth time this year

China raised interest rates on Tuesday for the fourth time this year in an attempt to control the country's economic expansion as stock prices hit another record high and inflation in July was the highest in a decade.
Tuesday, August 21st 2007 - 21:00 UTC
Mortgage buble: risk rating agencies to be grilled by US Senate

Credit rating companies must “shoulder some responsibility” for sub-prime mortgage bonds that have sparked a crisis in credit markets said United States Senator Richard C. Shelby, the Senate Banking Committee's top Republican.
Tuesday, August 21st 2007 - 21:00 UTC
Latam business climate “remains favorable”, says FGV

Latinamerica business climate remained favorable in July and reached its highest level since April 2000, according to the quarterly report from the prestigious Brazilian Foundation Getulio Vargas, FGV.
Monday, August 20th 2007 - 21:00 UTC
Hurricane Dean batters Jamaica, heads toward Mexico

Hurricane Dean buffeted Jamaica's southern coast, flooding the capital and littering it with broken trees and roofs after killing nine people earlier on its run through the Caribbean.
Monday, August 20th 2007 - 21:00 UTC
Argentina's Menem loses governor's race

Former President Carlos Menem was easily defeated by an incumbent governor of a western province on Sunday, ending a comeback bid by the 77-year-old who governed the country from 1989 to 1999.
Monday, August 20th 2007 - 21:00 UTC
Navy's newest warship sets sail for Falkland Islands patrol duty

The Royal Navy's newest warship HMS Clyde left Portsmouth on Monday, 20 August bound for the South Atlantic.
Saturday, August 18th 2007 - 21:00 UTC
Argentina plays tariffs to help industry and agriculture

Argentina announced Friday custom duties and tariffs to restrict imports of certain goods that are having a negative impact on its industry. Sectors benefited include tires, bicycles, foot wear, auto parts, leather goods, toys and textiles.
Saturday, August 18th 2007 - 21:00 UTC
ECB reiterates commitment to “price and financial stability”

The European Central Bank will do its job to preserve price stability, ECB governing council member and president of Germany's Bundesbank Axel Weber reiterated Friday.
Saturday, August 18th 2007 - 21:00 UTC
UK: Foot-and-mouth restrictions eased

Farmers are able to begin moving calving cows again after the Government's foot-and-mouth transport restrictions were eased.
Saturday, August 18th 2007 - 21:00 UTC
Sub-prime quake: EU will review credit rating industry

The European Commission is planning to review the credit rating industry after suggestions the sector was too slow to warn on the US sub-prime loans crisis, according to The Financial Times.