Economy

Wednesday, April 25th 2007 - 21:00 UTC
Chile and Brazil, the most attractive for private investment

Chile, Brazil, Colombia and Peru figure as the most attractive countries in Latinamerica for private investment in infrastructure according to a report from the World Economic Forum meeting this week in Santiago de Chile. At the other end Venezuela, Bolivia and the Dominican Republic figure as the less attractive.
Tuesday, April 24th 2007 - 21:00 UTC
UK Barclays and ABN Amro agree to largest bank merger

Britain's Barclays bank agreed to merge with Dutch bank ABN Amro in a deal worth 90 billion US dollars, creating one of the world's largest banks with a turnover of 190 billion US dollars.
Tuesday, April 24th 2007 - 21:00 UTC
Toyota en route to dethrone GM as world's top automaker

Japan's Toyota sold more vehicles globally in the first quarter of 2007 than General Motors according to preliminary figures the clearest sign yet that the Japanese company is on track to overtake its U.S. rival as the world's top automaker.
Tuesday, April 24th 2007 - 21:00 UTC
US housing market problems persist: March sales down 8.4%

Sales of second hand United States homes fell 8.4% in March, the sharpest month-on-month drop for 18 years according to data from the National Association of Realtors released on Tuesday.
Tuesday, April 24th 2007 - 21:00 UTC
China warns cooperation with US could be ”seriously undermined

China warned this week that the recent complaints filed by the United States against China to the World Trade Organization (WTO) would seriously damage cooperation between the two countries.
Tuesday, April 24th 2007 - 21:00 UTC
Crash of Spanish real state market knocks Madrid's stock exchange

Europe's main stock markets closed lower in line on Tuesday following a weak performance on Wall Street and the full impact of the Spanish stock exchange hit by a housing market crash.
Monday, April 23rd 2007 - 21:00 UTC
China becomes main destination for Chilean exports

China replaced the United States as the principal destination for Chilean exports in this year's first quarter. Chile's exports from January to March totalled over 15 billion US dollars, of which nearly 15.5% approximately 2.4 billion went to China.
Sunday, April 22nd 2007 - 21:00 UTC
US and EU add efforts in support of a “strong dollar”

United States Treasury Secretary Henry Paulson weekend statements in support of a “strong dollar” don't seem to have convinced markets as the greenback looks ready to slide past a two year low against the Euro.
Saturday, April 21st 2007 - 21:00 UTC
Bank of the South initiative with Latam increased support

The Inter-American Economic Council held a high level Public Summit focused on Building Sustainable Societies in Latin America. The Summit's key objectives were to focus on Economic Development Opportunities for the poor impoverished communities of Latin America and the Caribbean and examined ways to encourage the private sector to focus on establishing and expand its corporate social responsibility programs in the region.
Saturday, April 21st 2007 - 21:00 UTC
US and EU “need to cede power” in World Bank and IMF

United States and the European Union need to adapt to global changing economic reality and for their own good give up their leadership monopolies at the World Bank and the International Monetary Fund, according to a report from the Atlantic Council of the United States.