Economy

Tuesday, November 13th 2007 - 20:00 UTC
Chile supports existing multilateral financial institutions

Chile's government ratified its purchase of 50 million US dollars in shares from Corporacion Andina de Fomento, the Andean region development agency known as CAF, El Mercurio reported.
Tuesday, November 13th 2007 - 20:00 UTC
October food prices in China soar 17.6% in twelve months

China's consumer prices rose sharply in October reaching a decade-high monthly inflation rate of 6.5% adding to pressure for measures to cool the politically sensitive continuous surge in food prices.
Tuesday, November 13th 2007 - 20:00 UTC
Growing rift among developing countries on global trade talks

Developing countries are deeply divided about how to advance on global trade talks and few ministers will attend a meeting this week meant to show their unity.
Tuesday, November 13th 2007 - 20:00 UTC
Europe asks China for more financial “responsibility”

Euro-zone finance ministers urged China to bear more “responsibility” for global financial stability as they prepared a top-level mission to lobby Beijing about its runaway trade surplus with Europe.
Tuesday, November 13th 2007 - 20:00 UTC
IMF predicts Europe will weather 2008 credit-crunch impact

Economic growth will slow in most European economies in 2008, with a number of countries vulnerable to tightening credit because of rapid rises in housing costs or high levels of private debt, the International Monetary Fund has reported.
Saturday, November 10th 2007 - 20:00 UTC
Bernanke anticipates “noticeably” slow growth ahead

Federal Reserve Chairman Ben Bernanke said that a host of economic problems in United States, including the severe housing slump, will cause business growth to slow noticeably in coming months.
Friday, November 9th 2007 - 20:00 UTC
FAO forecasts high world cereal prices next year

World cereal prices are expected to stay high during the next year because of low global stocks, production problems and continued strong demand, according to the latest forecast of the United Nations Food and Agriculture Organization (FAO), released Wednesday.
Friday, November 9th 2007 - 20:00 UTC
Argentina's business leaders optimistic about the economy

Argentina's most influential businessmen anticipate a stable to optimistic economic scenario for the next semester according to an opinion poll among 173 corporate CEO, a most unusual forecast in a country historically unstable when governments change.
Thursday, November 8th 2007 - 20:00 UTC
Chinese “weak currency” curse sends US dollar tumbling

A Chinese official sent the US dollar plunging in markets when he said China would shift more of its huge international reserves into “stronger currencies” such as the Euro to offset “weak” currencies like the dollar.
Thursday, November 8th 2007 - 20:00 UTC
BoE adopts wait and see policy and leaves rates at 5.75%

The Bank of England left UK interest rates unchanged at 5.75% for the fourth month running. The Thursday decision is likely to have been influenced by the surging oil price and the growing risk of inflation.