Economy

• Thursday, October 15th 2009 - 03:13 UTC

  China’s reserves reach 2.273 trillion USD, including 800 billion US bonds

  

  China’s foreign-exchange reserves, the world’s biggest, climbed about 141 billion US dollars in the third quarter to a record 2.273 trillion USD, the People’s Bank of China said Wednesday on its Web site.

• Thursday, October 15th 2009 - 02:56 UTC

  Latinamerican banks sound and safe, according to S&P ratings

  

  Latinamerican banks will see second quarter gains despite the economic crisis due to a greater dependency on deposits rather than loans, Standard & Poor's ratings agency said.

• Wednesday, October 14th 2009 - 06:19 UTC

  UK rates to remain low for years amid tax rises and spending cuts

  

  UK interest rates will stay low for years amid tax rises and spending cuts, according to an economic forecast. The Centre for Economics and Business Research (CEBR) believes the rate will remain at its current 0.5% level until 2011 and not reach 2% until 2014.

• Wednesday, October 14th 2009 - 03:49 UTC

  UK September’s weaker inflation surprises and triggers doubts about recovery

  

  Inflation in Britain has sunk faster than expected to hit a five-year low last month, official figures showed. The Consumer Prices Index (CPI) for September stood at 1.1% - down from August's 1.6% - as hikes in household energy bills in 2008 compared with unchanged bills for the same month this year.

• Tuesday, October 13th 2009 - 11:10 UTC

  Abu Dhabi one of many buyers of Santander Brazil IPO

  

  Publicly listed Abu Dhabi fund Aabar Investments PJSC which is the biggest shareholder in Daimler AG, invested 328 million US dollars in Banco Santander (Brasil) SA by buying shares in its initial public offering.

• Tuesday, October 13th 2009 - 04:16 UTC

  Most developing countries workers did not benefit form global trade boom

  

  The boom in global trade over the last two decades has failed to improve the quality of most jobs in poorer countries, the World Trade Organisation (WTO) and United Nations labour agency (ILO) said on Monday.

• Tuesday, October 13th 2009 - 04:10 UTC

  FAO: Food commodities prices forecasted to remain high and volatile

  

  Food commodities prices are likely to stay high and volatile in the medium term, while a repeat of the 2007-2008 price spikes is seen as a realistic possibility, the UN Food and Agriculture Organization said on Monday. Between 2006 and 2008, international prices for basic food commodities shot up by 60% while grain prices doubled.

• Monday, October 12th 2009 - 10:47 UTC

  General Motors record sales in China’s booming car market

  

  General Motors and affiliate companies in China sold almost 1.3 million cars in the first nine months of 2009, with September a record month, according to a release from the main offices in Detroit.

• Monday, October 12th 2009 - 08:37 UTC

  Markets’ expecting more signals in support of the dollar from US officials

  

  Following a week when the US dollar plunged to record lows forcing some Asian banks to support the greenback, money markets are looking for new signals that the US government is committed to a strong US dollar as was implicitly anticipated by the Federal Reserve.

• Monday, October 12th 2009 - 08:03 UTC

  Chilean safeguard 15% tariff on dairy imports does not apply in Punta Arenas

  

  The 15% safeguard tariff imposed by the Chilean government on imports of powder milk (whole and skimmed) and certain types of cheese from Argentina and Uruguay, does not apply to Punta Arenas in the extreme south of the country.