Economy

• Thursday, November 10th 2011 - 05:59 UTC

  Italy at the point where Greece, Ireland and Portugal cracked; global markets on the edge

  

  Stock markets in Asia opened sharply lower on Thursday after Italy's record-high cost of borrowing renewed fears over the Euro-zone crisis. Japan's Nikkei index fell 2.3%, Australia's ASX was down 2.8% while South Korea's Kospi opened 2.6% lower.

• Thursday, November 10th 2011 - 05:56 UTC

  China inflation cools in October; housing transactions down 25% from September

  

  China's inflation cooled in October, home sales fell and industrial output grew at the slowest pace in a year, adding pressure for measures to support growth in the world's second-biggest economy.

• Wednesday, November 9th 2011 - 22:02 UTC

  More oil found in Falklands’ waters: drilling of two additional wells announced

  

  Rockhopper Exploration declared a second oil and gas discovery in Falkland Islands waters and announced the drilling of an additional two wells. The announcement comes exactly two years to the day since the Falklands’ shore based yard began its work in support of oil development in the Islands.

• Wednesday, November 9th 2011 - 07:14 UTC

  FIFA warns Brazil about 2014 World Cup delays: “not a day to lose”

  

  Brazil must hurry up and pass a package of new laws if the 2014 World Cup is to go ahead, FIFA secretary general Jerome Valcke told the country's Congress on Tuesday, adding there was “not a day to lose.”

• Wednesday, November 9th 2011 - 07:02 UTC

  Brazil's credit growth slowing to a “sustainable pace”, says Central bank

  

  Brazil’s credit growth is slowing to a sustainable pace and sufficient to feed domestic demand, said on Tuesday Luiz Pereira, the central bank’s director of international affairs.

• Wednesday, November 9th 2011 - 06:44 UTC

  Chilean inflation up in October for the third straight month; GDP expands faster

  

  Consumer price inflation in Chile accelerated for the third straight month in October, data released by the National Institute of Statistics showed Tuesday.

• Wednesday, November 9th 2011 - 06:22 UTC

  Lloyds reports £ 3.9bn loss in nine months; blames cost of settling PPI claims

  

  Lloyds Banking Group has reported a £3.9bn (6.3bn) loss for the first nine months of 2011, mainly due to the cost of settling claims for mis-selling payment protection insurance (PPI).

• Wednesday, November 9th 2011 - 06:16 UTC

  Berlusconi stepping down; technocrat or national unity government to follow

  

  Italian Prime Minister Silvio Berlusconi said on Tuesday he would resign after suffering a humiliating setback in parliament that showed a party revolt had stripped him of a majority.

• Tuesday, November 8th 2011 - 08:13 UTC

  YPF announces a billion barrels shale-oil discovery in Argentina

  

  Oil company YPF confirmed Monday the finding of its biggest oil discovery in Argentina yet to the Buenos Aires stock exchange. The discovery was made in the Neuquén province and is equivalent to 927 million barrels.

• Tuesday, November 8th 2011 - 07:58 UTC

  Rousseff warns about global unemployment; calls for plans to generate jobs

  

  Brazilian President Dilma Rousseff addressing the results of the G20 summit in Cannes, where Brazil was one of the countries represented said that job creation is a way to tackle economic crises.