Economy

Thursday, June 7th 2007 - 21:00 UTC
Venezuela and allies after defense bloc and development bank

President Hugo Chavez called for the creation of a common defense pact between Venezuela, Cuba, Nicaragua and Bolivia and announced the creation of a development bank to finance joint projects for the four countries.
Thursday, June 7th 2007 - 21:00 UTC
Argentina estimates annual inflation in the range of 9.5 to 10%

Argentine Economy minister Felisa Miceli estimated inflation this year will range between 9.5 and 10%, following the release of the May index, 0.4%. She also announced that the issuing of a bond in local currency to soak liquidity from the money market was very successful
Thursday, June 7th 2007 - 21:00 UTC
UK interest rate unchanged at 5.5% but inflation still above target

The Bank of England left Thursday UK interest rates unchanged at 5.5% but analysts say a rate rise later this year remains likely. UK rates have been increased four times since August last year in an attempt to rein in inflation.
Tuesday, June 5th 2007 - 21:00 UTC
Uruguay exports 70% of its milk production industrialized

Uruguay exports 70% of its milk production, which represents 280 million US dollars of income annually, according to figures released this week by the Uruguayan government in Montevideo.
Tuesday, June 5th 2007 - 21:00 UTC
Zoellick makes the round of World Bank members

Robert Zoellick, US President George W. Bush's choice to run the World Bank, is embarking on a US government-paid global tour to Africa, Europe and Mexico and Brazil in Latin America, as the US seeks to mend relationships strained by the turbulent tenure of the bank's outgoing president.
Tuesday, June 5th 2007 - 21:00 UTC
US economy set to rebound in spite of housing slump

The chairman of the United States Federal Reserve Ben Bernanke forecasted Tuesday the US economy will rebound in spite of the slump in housing and the “somewhat elevated” inflation.
Sunday, June 3rd 2007 - 21:00 UTC
Brazilian president visits India to strengthen ties

Brazilian President Luiz Inacio Lula da Silva arrived Sunday morning to New Delhi on a three-day state visit, which is expected to strengthen strategic and economic ties between the two countries. The main issues discussed would be multilateral trade talks, climate change and UN reforms.
Friday, June 1st 2007 - 21:00 UTC
US economy first quarter growth slowest in four years

The United States economy grew at the slowest pace in four years in the first three months of this year. Thursday's report from the Commerce Department says the gross domestic product, GDP, of the United States grew just 0.6%.
Friday, June 1st 2007 - 21:00 UTC
The football industry involves 4% of the world population

A total of 265 million male and female players and a further five million referees, coaches and other officials, a grand total of 270 million people, or 4% of the world's population, are involved in football.
Friday, June 1st 2007 - 21:00 UTC
Insights to former Fed chairman Greenspan's “turbulent” years

Former United States Federal Reserve Chairman Alan Greenspan said on Friday that U.S. interest rates are low, but that rates are low all over the world.