Economy

Friday, August 13th 2010 - 04:06 UTC
Asian and Latinamerican corporations buying Argentine assets

In the nineties most Argentine companies were purchased by companies with headquarters in New York or Madrid but in this decade they come from less glamorous countries: China, India, Brazil, Russia and unsuspected places such as Mexico, Peru and Colombia.
Friday, August 13th 2010 - 02:40 UTC
UK faces “choppy recovery” in the next two years warns Bank of England

The UK economy faces a “choppy recovery” over the next two years, the governor of the Bank of England, Mervyn King, has warned. His comments came as the Bank lowered its economic growth forecast and said inflation would stay higher for longer than previously forecast.
Thursday, August 12th 2010 - 20:31 UTC
Russian drought and fires catches the US with record crops of corn and soybeans

Russian President Dmitri Medvedev says a full one-quarter of Russia's grain crops have been destroyed by weeks of drought and wildfires, leaving many Russian farmers close to bankruptcy.
Thursday, August 12th 2010 - 18:11 UTC
US Dollar Drops To Its Lowest Level In Six Months

Globally the US dollar has been sinking this year and the Chilean peso has fared particularly well against it.
Thursday, August 12th 2010 - 18:00 UTC
Spain top of the list for European pensioners seeking to relocate

Sun, sea and sangria come top of the list for European pensioners seeking to relocate for retirement, a new survey showed this week. The survey by employee management consulting firm Aon Corporation found that one in four Europeans wishing to retire abroad would like to move to Spain, followed by France, Italy and the United States.
Thursday, August 12th 2010 - 17:46 UTC
Uruguay calls for a Mercosur with “open regionalism” for smaller members

Uruguay called on Brazil and Argentina to allow Mercosur junior members to reach unilateral trade agreements with third countries helping to boost the group’s dynamism.
Thursday, August 12th 2010 - 04:22 UTC
Sterling holders interest in property moves to Netherlands and Germany

Sterling holders interest in hitherto hot overseas property destinations has decidedly cooled due to the recession, a report out this week showed. Searches for property in the United Arab Emirates, which includes Dubai, have dipped 80% in the last two years, the report from foreign exchange company Moneycorp and the Rightmove property company found.
Thursday, August 12th 2010 - 04:05 UTC
China on course to become biggest foreign direct investor in Brazil

China's direct investment in Brazil has surged, putting China on course to be the biggest foreign direct investor in Latin America's largest economy this year.
Thursday, August 12th 2010 - 00:20 UTC
New York Fed will buy 18 billion of Treasury debt in nine operations

The New York Federal Reserve announced Wednesday it will buy about 18 billion US dollars of Treasury debt in nine operations from August 17 through September 13.
Wednesday, August 11th 2010 - 23:56 UTC
Chinese industrial growth slows down for fifth consecutive month

Chinese industrial growth slowed again in July, adding to data suggesting that the country's economy is cooling. Factory output was up 13.4% from July 2009, but this was the fifth consecutive month the annual pace had slowed and the lowest rate of 2010.