Economy

• Thursday, March 8th 2007 - 21:00 UTC

  Huge security and protests for Bush in Sao Paulo

  United States president George Bush arrived late Thursday to Sao Paulo for a 24 hours visit to Brazil, --the first leg of his Latinamerican trip--, amidst serious street protests with eight people injured and scores arrested.

• Wednesday, March 7th 2007 - 21:00 UTC

  Greenspan: “one third probability” of recession

  Former Federal Reserve Chairman Alan Greenspan said there's a “one-third probability” of a recession this year in United States and that the current expansion won't have the staying power of its decade-long predecessor.

• Wednesday, March 7th 2007 - 21:00 UTC

  World economy “is very strong”, says US Treasury Secretary

  

  United States Treasury Secretary Henry Paulson in the middle of an Asian tour and currently in South Korea expressed confidence in the global economy describing it as strong and characterized by low inflation.

• Wednesday, March 7th 2007 - 21:00 UTC

  Brazil on course to a more flexible monetary policy

  

  Brazil's Central Bank on Wednesday cut the basic reference interest rate Selic by 25 points to 12.75%, in line with market expectations and government promises of a more flexible monetary policy

• Wednesday, March 7th 2007 - 21:00 UTC

  Negative February Consumer Price Index in Chile: -0.2%

  

  Chile's Consumer Price Index deflated 0.2% in February, totaling 0.1% in the first two months of 2007 and 2.7% in the last twelve months, according to a release from the country's National Statistics Institute.

• Tuesday, March 6th 2007 - 21:00 UTC

  Global markets rebound; caution over US economy data

  Stock markets around the world rebounded on Tuesday after five days of losses but concerns over volatility remain. In Latinamerica major stock markets followed on the world reaction with Sao Paulo soaring almost 5%.

• Monday, March 5th 2007 - 21:00 UTC

  Uncertain week for global markets: all eyes on China

  

  Global stock markets face an uncertain week after a slump in China and fears of an economic slowdown in United States saw the biggest sell-off in more than four years.

• Monday, March 5th 2007 - 21:00 UTC

  Global markets volatility persists: investors dump stocks

  The global stock market slump has entered its second week with stocks plunging in Wall Street, Asia, Europe and Latinamerica. Although the key US Dow Jones index remained positive for most of Monday, towards the end of the session it closed down 63.7 points, or 0.5%, at 12,050.4.

• Sunday, March 4th 2007 - 21:00 UTC

  Ethanol prices could push food prices higher warns USDA

  Ethanol will devour 50% more corn this year, eating into the food industry's share of the crop, anticipated the United States Agriculture Department. From breakfast cereal to beef to beer, competition from ethanol could raise prices for all kinds of foods.

• Friday, March 2nd 2007 - 21:00 UTC

  Greenspan's toning down of forecast could calm volatility

  

  Toning down his earlier warning over a recession in the United States later this year, former U.S. Federal Reserve Chairman Alan Greenspan told a Tokyo seminar Thursday that he does not think economic slowdown in the US is “probable”.