Economy

Thursday, August 16th 2007 - 21:00 UTC
Paulson: risk re-pricing “inevitable”, but no recession

United States Treasury Secretary Henry Paulson said the current turmoil in financial markets will slow economic growth but should not spark a recession, according to a report published Thursday in The Wall Street Journal.
Thursday, August 16th 2007 - 21:00 UTC
Black Thursday for markets but mixed signals from Wall Street

Global markets plunged again on Thursday with London's main FTSE 100 index seeing its sharpest fall in four-and-a-half years, but in New York Wall Street shares staged a dramatic recovery after suffering heavy losses earlier in the day.
Wednesday, August 15th 2007 - 21:00 UTC
US markets remain volatile; in EU risk pricing “normalizing”

United States shares have fallen again with problems in the mortgage sector continuing to have an adverse effect on market sentiment but also on warnings from two big retailers Wal-Mart and Home Depot.
Wednesday, August 15th 2007 - 21:00 UTC
Another record crops season in the making for Argentina

Argentine farmers are expected to dedicate 12% more land to corn in the 2007/08 crop despite dry conditions and a shortage of seed and fertilizer, a corn producers' group said this week.
Tuesday, August 14th 2007 - 21:00 UTC
Markets begin positive reaction to massive liquidity injection

Central banks in the world's leading economies pumped extra money into the financial system for a third straight trading day on Monday helping to soothe markets and scare the dangers of a credit crunch.
Monday, August 13th 2007 - 21:00 UTC
Continued cold weather thumps Chile's fresh fruit deal

Continued frigid artic weather in Chile's key agricultural growing areas will cost the country at least US$200 million in loses, according the industry and government leaders. An estimated 85,000 sheep, cattle, pigs and goats have died for lack of food, and key fruit export crops, including avocados and citrus fruit, have been greatly damaged.
Monday, August 13th 2007 - 21:00 UTC
China missing inflation target could hike interest rates

Inflation in China, the world's fastest-growing major economy, accelerated to its highest level in more than 10 years, fuelling speculation that the Government may raise interest rates for the fourth time this year.
Monday, August 13th 2007 - 21:00 UTC
US escalates trade dispute against China at WTO

United States asked the World Trade Organization to rule in a complaint against China over piracy of copyrighted movies, music, software and books, escalating a dispute that has soured commercial relations between the two trading giants.
Saturday, August 11th 2007 - 21:00 UTC
Massive coordinated liquidity injection to sooth markets

The United States Federal Reserve pumped 38 billion dollars into the banking system Friday, marking its biggest operation since the week of the 9/11 terror attacks, as it vied to shore up the US financial system.
Saturday, August 11th 2007 - 21:00 UTC
Falklands have highest internet connections percentage in the region

The Falkland Islands, considered as part of the South American continent, have the highest percentage of population internet connection, 69%, followed by Chile, 42%, Argentina 34% and Uruguay 33.6% according to the latest release from Internet World Stats.