Economy

Friday, November 19th 2010 - 05:01 UTC
UK inflation rises to 3.2% in October pushed by higher fuel prices

The UK Consumer Prices Index (CPI) inflation rate rose unexpectedly to 3.2% in October, official figures show, on the back of higher fuel prices. Analysts had expected the CPI figure to remain unchanged at 3.1%.
Friday, November 19th 2010 - 04:58 UTC
Ireland admits it needs financial help and feels “no sense of shame”

The Irish Republic's finance minister has said he feels “no sense of shame” over his country's economic record - but it now needs outside help. Brian Lenihan told broadcaster RTE the Republic had fought hard over the past two years for financial survival.
Friday, November 19th 2010 - 04:51 UTC
US October inflation year-on-year stands at 1.2%; fears of deflation

Inflation in the US slowed further in October, with “core” inflation - which excludes volatile food and fuel prices - up only 0.6% on a year ago. It is the lowest year-on-year increase on record, with core prices remaining unchanged for three months running.
Thursday, November 18th 2010 - 21:48 UTC
Russia plans to collect 33 billion USD in three year privatization plan

The Russian government approved a three year (2011/2013) privatization plan paving the way for a sale of federal assets which could yield 1 trillion roubles (33 billion US dollars), Economic Development Minister Elvira Nabiullina said in Moscow following a cabinet meeting.
Thursday, November 18th 2010 - 20:33 UTC
Argentina/Paris Club debt negotiations have a deadline: April 2011

Finance Secretary Hernán Lorenzino said Argentina wants to successfully conclude negotiations with the Paris Club Group of creditor nations involving 6.7 to 8 billion US dollars in defaulted debt before April.
Thursday, November 18th 2010 - 19:53 UTC
Latinamerica “business climate” steady and in “cautious boom” phase

Chile, Peru and Uruguay rank as the countries with the best business climate according to a report from the Brazilian foundation Getulio Vargas, FGV. The October report released this week ranks Chile with 7.5 points; Peru, 7.1; Uruguay, 7; Brazil, 6.8; Colombia, 6.8; Paraguay, 6.5; Argentina, 5.9 and Bolivia, 5.6.
Thursday, November 18th 2010 - 18:51 UTC
UK banks’ exposure to Irish lenders above £ 139 billion

Ireland's banking problems are likely to have a direct effect on the United Kingdom's battered institutions. According to the Bank of International Settlements, UK banks have a total exposure to Irish lenders of 222 billion US dollars (£139bn).
Thursday, November 18th 2010 - 18:35 UTC
Ireland’s dilemma: sovereign solvency or rescuing the banking system

Emergency talks were being held in Dublin overnight as fears about Ireland’s ailing banking system forced the deployment of a team from the European Union, the International Monetary Fund and the European Central Bank.
Thursday, November 18th 2010 - 16:38 UTC
Latin America Real Estate Investment 2010 by Alternative Latin Investor

Alternative Latin Investor is proud to present its latest special report, Latin America Real Estate Investment 2010. <br />
The report covers the commercial, residential and tourism sectors within Brazil, Mexico, Colombia and Peru with special sections on Agricultural Land Investment in Argentina and the massive Panama Pacífico Project.
Thursday, November 18th 2010 - 10:58 UTC
China to provide food subsidies fearing price inflation and social unrest

China's government has said it will provide poorer households with subsidies in response to double-digit food price inflation. Inflation accelerated to 4.4% in October, with food prices rising 10.1%.