Economy

• Wednesday, January 26th 2011 - 23:42 UTC

  BBC World Service Cuts Jobs

  

  The British Broadcasting Corporation (BBC) will cut some 650 jobs, more than a quarter of the state financed entities 2,400 jobs, over the next three years.

• Wednesday, January 26th 2011 - 22:23 UTC

  Another Good Year Expected For Uruguayan Bank Profits

  

  Uruguayan banks will probably be able to continue with last year’s profits in the current year, as the economy strengthens, Fernando Oliva, directory of consultancy at Doloitte told BNAmericas.

• Wednesday, January 26th 2011 - 20:13 UTC

  Fruits Growers Lose Crop Because of Road Blocks

  

  Fruit growers, packers and pickers in Argentina have ended their strike in the western part of the country, but the damage may have already been done with strike costs estimated at US $50 million, according to local and national media.

• Wednesday, January 26th 2011 - 18:43 UTC

  International Monetary Fund Expects Global Economy to Grow Faster Than Expected

  

  The International Monetary Fund (IMF) has said that the global economy will grow faster this year than expected.

• Wednesday, January 26th 2011 - 18:25 UTC

  United States House Prices Drop for the Fifth Consecutive Month

  

  United States family home prices, fell for a fifth straight month in November and could reach new lows soon, a closely watched survey showed on Tuesday.

• Wednesday, January 26th 2011 - 18:20 UTC

  United Kingdom Economy Shrinks Fuelling Fears of Recession

  

  United Kingdom Chancellor George Osborne stands by his financial policies, in spite of figures which show the UK economy has shrunk by 0.5 percent and concerns Britain is facing a recession.

• Wednesday, January 26th 2011 - 18:14 UTC

  Argentine Wheat Exports May Fall to Lowest in Almost Three Decades

  

  Wheat sales for the 2009-2010 season in Argentina are primarily from the crop harvested through January 2010, which was curbed by water shortages, reports Bloomberg.

• Wednesday, January 26th 2011 - 17:17 UTC

  Davos Economic Forum Gets Underway, Adjusting to “New Reality”

  

  Adjusting to the “new reality,” was top of the agenda at the World Economic Forum on Tuesday. Some 2,500 business leaders, politicians and social activists are looking forward, while trying to anticipate unexpected shocks, it was reported.

• Tuesday, January 25th 2011 - 01:28 UTC

  Risk of Latin American Economies Overheating

  

  The International Monetary Fund (IMF) has warned of the risks of inflation and overheating of the economy in Latin America, at a forum held in Paris.

• Monday, January 24th 2011 - 20:16 UTC

  Pacific Ring Countries to Make Energy Sharing Plans

  

  Future cooperative agreements among the countries of the Pacific Ring could reduce electricity costs in Chile’s far north by up to 25 percent. Chile’s energy costs are currently the highest in the region.