Economy

Monday, October 18th 2010 - 21:44 UTC
IMF chief warns about ‘capital flooding’ and ‘destabilization’

Capital flooding into Asia could lead to excessive exchange-rate moves, asset bubbles and financial instability, Domnique Strauss-Khan, the head of the International Monetary Fund, said in Shanghai Monday.
Monday, October 18th 2010 - 03:53 UTC
Oxfam: land grabbing and food-price volatility, main challenges to tackle hunger

UN countries began to find common ground on some important and deep-seated problems contributing to global hunger, at a meeting of the Committee on World Food Security (CFS) in Rome.
Saturday, October 16th 2010 - 01:50 UTC
Carlos Menem, best Argentine pro-business president in the last 50 years

The liberal policies carried out by former Argentine president Carlos Saúl Menem continue to reap the approval of the majority of businessmen that are attending an economic colloquy in the Argentine capital, reports the Buenos Aires Herald.
Saturday, October 16th 2010 - 00:16 UTC
Controversy in New Zealand: what is cheaper: bottled water of cask wine?

Alcohol, mainly wine has become cheaper than bottled water in New Zealand, a study showed Friday, with researchers warning there could be major implications for public health. However an independent television news investigation questioned the report.
Saturday, October 16th 2010 - 00:13 UTC
Chilean food exporters request government support to face weakening US dollar

Representatives from Chile’s Council of Food Exporters met this week for 90 minutes with the Chile’s Treasury Minister, Felipe Larraín, to express their concern over the loss of competitiveness in the sector as a result of the declining value of the US dollar versus the Chilean peso, and to propose a series of measures to address the issue.
Saturday, October 16th 2010 - 00:08 UTC
Brazil ready to take additional measures to limit local currency from strengthening

Finance Minister Guido Mantega said the government is ready to take additional measures to limit gains in the Real, including stricter limits on risk exposure for investors in the futures market, should the currency continue to strengthen.
Saturday, October 16th 2010 - 00:06 UTC
US Federal Reserve prepared to buy more US government bonds

US Federal Reserve Chairman Ben Bernanke has opened the way to a new round of quantitative easing. “There would appear, all else being equal, to be a case for further action,” he said, in a speech to the Boston regional Federal Reserve, Friday.
Saturday, October 16th 2010 - 00:04 UTC
Mercosur/EU on track to reach an agreement by mid 2011

European Union and Mercosur representatives concluded Friday in Brussels a new round of negotiations for an association and cooperation agreement for which they have proposed an ambitious work calendar extending until mid 2011, when the accord could be closed.
Friday, October 15th 2010 - 06:34 UTC
Miners rescue operation cost between 10 and 20 million US dollars

Chilean President Sebastian Piñera revealed that the rescue operation for the 33 miners trapped during 70 days 622 metres underground in the north of the country cost between 10 and 20 million US dollars.
Friday, October 15th 2010 - 06:25 UTC
Brazil considering selling 100-year bonds and foreign debt denominated in Real

Brazil is considering selling 100-year bonds after Mexico succeeded in offering the longest-maturity debt issued by a Latin American country, Treasury Secretary Arno Agustin said.