Economy

• Monday, September 5th 2011 - 05:53 UTC

  Doubts Italy’s divided government can pass measures to cut budget and debt

  

  ECB President Jean-Claude Trichet kept up warnings over Italy's strained public finances telling the struggling centre-right government it must act quickly to reassure nervous markets.

• Monday, September 5th 2011 - 01:57 UTC

  In the US eight out of ten think the economy is in recession, shows CNN poll

  

  More than eight in 10 US residents think the economy is in another recession, according to a new CNN/ORC poll. One-third of those surveyed think it’s serious.

• Monday, September 5th 2011 - 01:18 UTC

  The big questions China still has to answer according to World Bank chief Zoellick

  

  The world’s economic leaders need to “rebalance” their thinking as well as their economies. Fiscal and monetary policies have dominated. That makes sense to a degree: decisions on deficits, debt and the Euro zone this autumn may well determine whether the global economy slides deeper into danger, or begins the long climb back.

• Sunday, September 4th 2011 - 23:51 UTC

  Washington demands Swiss banks hand over information on US citizens dodging taxes

  

  The United States has written to Switzerland to demand it hands over detailed information this week on its citizens using Swiss accounts to dodge tax or see Credit Suisse and nine other banks face charges, newspapers reported.

• Sunday, September 4th 2011 - 23:48 UTC

  IMF calls on Europe and the US to stimulate economic growth

  

  IMF chief Christine Lagarde said in an interview released that Europe and the United States should consider stimulating economic growth, if the situation permits, to offset a crisis of confidence hitting the global economy.

• Sunday, September 4th 2011 - 23:31 UTC

  Blockaded by Argentina, Falkland’ plans to grow its own vegetables and eggs

  

  A quarter of million pounds (approximately 400.000 dollars) is to be used to produce more fruit, vegetables, salad and hen eggs within the Falkland Islands. The Executive Council (ExCo) agreed the funding which is to be administered by the Development Corporation (FIDC) in a bid to reduce the amount of imports into the Islands.

• Saturday, September 3rd 2011 - 08:25 UTC

  Consumer inflation in Uruguay slows but is still above annual target

  

  Uruguay’s consumer price index in August was 0.56%, the lowest increase since the same month in 2005 helping to bring down the twelve-month index to 7.57% from 8.25% and giving the government a relief.

• Saturday, September 3rd 2011 - 07:40 UTC

  Argentine August inflation at 2% pushed by food prices, say private estimates

  

  A surge in fresh food prices has pushed Argentina’s August consumer inflation to one of the highest of the year, 2% over the previous month, according to private consultant estimates and published in the Buenos Aires press.

• Saturday, September 3rd 2011 - 00:46 UTC

  Brazilian economy slowing down: growth drops to an annualized 3.1%

  

  Brazil's economy expanded at a softer pace in the second quarter as a strong currency fueled a flood of cheap imports and industrial activity had its worst performance since the third quarter of 2009.

• Saturday, September 3rd 2011 - 00:44 UTC

  US government to sue 17 major banks for losses on sub-prime mortgages

  

  US authorities announced legal actions against 17 major banks for losses on mortgage-backed investments that cost taxpayers tens of billions of dollars. The Federal Housing Finance Agency said it was taking action against banks including Goldman Sachs, Barclays, Bank of America, Deutsche Bank, and HSBC.