Economy

• Thursday, September 10th 2009 - 05:03 UTC

  Greenspan predicts another financial crisis “but different”

  

  The world will suffer another financial crisis, former Federal Reserve chief Alan Greenspan has told the BBC. “The crisis will happen again but it will be different,” he told BBC Two's The Love of Money series.

• Thursday, September 10th 2009 - 04:57 UTC

  Paraguay soy bean exports plunge 46% in eight months of 2009

  

  Paraguay soy bean exports have plummeted during the first eight months of the year according to official data released Wednesday in Asunción.

• Wednesday, September 9th 2009 - 10:41 UTC

  Chilean wheat farmers squeezed by falling prices and rising costs

  

  Just two years after wheat prices registered record highs, Chilean producers are finding themselves squeezed between rising costs and cheap imports.

• Wednesday, September 9th 2009 - 10:36 UTC

  Tories promise to end Labour’s “gravy train” and cut Parliament expenses

  

  Opposition leader David Cameron has laid down the gauntlet to PM Gordon Brown by pledging to slash pay, perks and costs at Westminster. The Tory leader outlined plans to cut the number of MPs by 10%, reduce ministerial salaries and do away with subsidised food and drink.

• Wednesday, September 9th 2009 - 10:17 UTC

  Austerity budget ahead for Britain, anticipates Chancellor Darling

  

  The Government will not flinch from the “hard choices on public spending” needed to bring Britain's national deficit back down after the country emerges from recession, Chancellor Alistair Darling has pledged.

• Wednesday, September 9th 2009 - 03:11 UTC

  Argentina could be short of funds to repay debt by next December

  

  Argentina has admitted it does have sufficient funds to cancel all its debts for the rest of the year and this could be linked to the country’s rapprochement with the International Monetary Fund.

• Wednesday, September 9th 2009 - 02:56 UTC

  S&P confirms Uruguay’s positive outlook; anticipates “smooth transition”

  

  Standard & Poor's Ratings Services said this week it expects a “smooth transition” regardless of who wins October's presidential election in Uruguay given the country’s track record of prudent economics policies. S&P also confirmed BB- sovereign credit ratings for Uruguay with the outlook “remaining stable”.

• Wednesday, September 9th 2009 - 00:18 UTC

  Gold price breaks through the symbolic 1.000 US dollars mark

  

  Continuing worries about the stability of the global economy and the rally seen in equity markets continued to spark investment in gold on Tuesday with the price breaking through the symbolic 1,000 US dollars mark and touching a new high for 2009.

• Tuesday, September 8th 2009 - 05:59 UTC

  IMF warns of “third wave of the crisis”, rising unemployment

  

  Policy action to combat the worst economic crisis since the Great Depression is working, but governments should not relax stimulus measures until recovery takes hold and unemployment levels recede, the head of the International Monetary Fund says.

• Tuesday, September 8th 2009 - 05:56 UTC

  World central bankers support stronger Indus try supervision and regulation

  

  Central bankers have backed new measures to strengthen supervision of the global banking industry. A meeting of the Bank for International Settlements (BIS), which consists of the world's central banks, pledged to increase bank's capital requirements.