Economy

Thursday, November 15th 2007 - 20:00 UTC
Lack of gas plunges economic activity in Punta Arenas 22.2%

Argentina's natural gas supply restrictions to the Chilean extreme south region of Magallanes forced a drastic collapse of economic activity and exports, during the third quarter according to official data from the Santiago Statistics Office, INE.
Wednesday, November 14th 2007 - 20:00 UTC
US economy cooling with October budget deficit, 55.6 billion

US retail sales and producer price figures have pointed to a weakening of demand in the world's largest economy. The first month of the 2008 federal budget showed a 55.6 billion US dollars deficit.
Tuesday, November 13th 2007 - 20:00 UTC
Bank of the South charter to be signed in Buenos Aires

The foundation charter of the regional development Bank of the South will take place in Buenos Aires on December 9 and will be signed by the presidents from Argentina, Brazil, Bolivia, Ecuador, Paraguay, Uruguay and Venezuela, confirmed Ecuadorian president Rafael Correa.
Tuesday, November 13th 2007 - 20:00 UTC
Stiglitz warns about the Bush years' economy legacy

United States president George W Bush will leave his successor a country in debt up to its ears, a depressed dollar as never seen before and a nation with a class structure closer to that of Mexico or Brazil, according to Nobel laureate Joseph Stiglitz in an article published in the December edition of Vanity Fair.
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.