Economy

Sunday, November 9th 2008 - 20:00 UTC
China surprises world with 586 billion USD stimulus package

Beijing announced Sunday a stimulus package equivalent to 586 billion US dollars in its biggest move to cushion the impact of the global financial crisis hitting the world's fourth-largest economy.
Saturday, November 8th 2008 - 20:00 UTC
APEC says risks have shifted to global economic activity

Finance ministers from the Asia-Pacific Economic Cooperation (APEC) grouping pledged to instrument reforms as economies in the region seek to mitigate the impact of global economic crisis.
Saturday, November 8th 2008 - 20:00 UTC
US unemployment in Oct. 6.5%; peak since 1994 and climbing

Unemployment in the United States during October rose to 6.5%, totalling 10 million jobless and the highest rate since March 1994, according to the latest release from the US Labour Department.
Saturday, November 8th 2008 - 20:00 UTC
EU leaders reach common position for Washington summit

The summit of European Union leaders in Brussels on Friday reached a common position on reforming the world financial system, announced French President Nicolas Sarkozy. EU countries agreed on “the need to take firm and ambitious operational decisions at the Washington summit” on 15 November, Mr Sarkozy told reporters
Saturday, November 8th 2008 - 20:00 UTC
Credit pinch reaches Brazil: inflation up, car sales down

Brazil's annual inflation rate rose to a three-year high in October as the currency's significant plunge against the US dollar pushed up costs, according to the latest release from the government's statistics and geography office.
Saturday, November 8th 2008 - 20:00 UTC
Jobless in Argentina down, but unions think differently

Unemployment in Argentina dropped 0.2 points in the third quarter of this year and stood at 7.8%, President Cristina Fernández de Kirchner revealed this week during a visit to a factory in Buenos Aires province
Saturday, November 8th 2008 - 20:00 UTC
Economics Nobel Prize Stiglitz and the “next Bretton Woods”

The world is sinking into a major global slowdown, likely to be the worst in a quarter-century, perhaps since the Great Depression. This crisis was “made in America,” in more than one sense.
Saturday, November 8th 2008 - 20:00 UTC
Difficult choices for Falklands' “strained” public finances

THE strain on Falkland Islands' public finances is “greater than at any time since the commencement of fisheries licensing in 1986”.
Friday, November 7th 2008 - 20:00 UTC
UK historic Worcester & Spode has gone into administration

An historic British china manufacturer: Midlands-based Royal Worcester & Spode Ltd, which dates back to 1751, employs 388 people in the UK at sites in Stoke-on-Trent, Lymedale and Worcester has gone into administration.
Thursday, November 6th 2008 - 20:00 UTC
Uruguay's exports up 31% but beginning to slowdown

In spite of a record year in export value, Uruguay's overseas sales are beginning to feel the international pinch from a weaker demand and lower prices for commodities according to the release of the latest statistics.