Economy

Thursday, September 15th 2011 - 07:02 UTC
August “official” inflation in Argentina, 0.8%, less than half the Congress index

‘Official’ inflation in Argentina hit 0.8% in August and accumulated 6.4% in the first eight months of the year and 9.8% in the last twelve months, according to the Indec statistics and census bureau.
Thursday, September 15th 2011 - 06:56 UTC
Brazilian economy beasts forecasts: grows at fastest pace in six months in July

The Brazilian economy expanded at its fastest pace in six months in July, even as the central bank bets on slower growth to curb the fastest inflation in six years.
Wednesday, September 14th 2011 - 14:54 UTC
Falklands’ Rockhopper unveiled 2bn dollars plan to extract oil by 2016

British oil group Rockhopper Exploration has unveiled plans for a 2 billion dollars investment in the Falkland Islands, a move which will transform the remote territory into a new oil province.
Wednesday, September 14th 2011 - 06:43 UTC
BRICS countries preparing aid package in support of the European Union

Brazil, Russia, India, China and South Africa, which make up the so-called BRICS group, will meet in Washington next week to discuss how to help the European Union avert a full-blown financial crisis as Greece veers toward default on its debt, Brazilian Finance Minister Guido Mantega said Tuesday.
Wednesday, September 14th 2011 - 06:40 UTC
A complete Spain lives below the poverty line in the US according to census

The United States poverty rate hit its highest level since 1993 in 2010 with a record 46 million Americans living below the poverty line, according to a US government report on Tuesday that depicted the grim effects of stubbornly high unemployment.
Wednesday, September 14th 2011 - 06:33 UTC
US non partisan agency forecasts slower growth and 9% unemployment in 2012

US economy will grow slower than anticipated and joblessness will stay high as the fallout of the deepest recession since the Great Depression takes its toll, the Congressional Budget Office said on Tuesday.
Wednesday, September 14th 2011 - 06:26 UTC
Top Republicans criticize elimination of tax breaks in Obama jobs plan

Top opposition Republicans in Congress criticized today President Barack Obama's proposal to pay for a job creation plan by eliminating 467 billion dollars in tax breaks for wealthier Americans and corporations.
Wednesday, September 14th 2011 - 06:07 UTC
US to begin testing beef for six more strains of E.coli bacteria, said USDA

The US government announced Tuesday it will begin testing next year for six more kinds of E.coli bacteria in raw ground beef and tenderized steaks in order to boost protection of US consumers.
Wednesday, September 14th 2011 - 03:11 UTC
Developed countries fail to cut unemployment; Euro zone rate stands at 10%

Developed countries are failing to cut unemployment, according to figures released this week by the Organization for Economic Cooperation and Development (OECD). July’s figures show unemployment at 8.2% for the 34-country group – unchanged for five consecutive months.The Euro zone is faring even worse, with unemployment sticking at 10%.
Tuesday, September 13th 2011 - 07:31 UTC
Brazil’s Tombini anticipates tougher global slowdown than in 2008/09

Brazilian Central bank President Alexandre Tombini said in an interview with the local Valor Economico newspaper that Europe's expected difficulty in implementing a rescue package and slowing global growth are likely to justify the bank's recent surprise cut to interest rates.