Economy

• Friday, October 15th 2010 - 06:21 UTC

  Colombia to apply capital inflow restrictions to combat the stronger Peso

  

  The Colombian government announced it would restrict the inflow of dollars into the country, one of several measures to try and prevent the local Peso from appreciating against the greenback, which this year already reached 14%.

• Friday, October 15th 2010 - 06:19 UTC

  Argentine consumers’ inflation expectation for next 12 months soars to 33.7%

  

  Inflation expectations in Argentina for the next twelve months, based on the October’s Inflation expectations poll from the Torcuato Di Tella Business School Finance Research Centre reach 33.7%.

• Thursday, October 14th 2010 - 05:58 UTC

  President Obama and Democrats ratings fall ahead of November midterm election

  

  United States President Barack Obama's approval rating fell to a new low of 43% since he took office, down from 47% last month, according to a Reuters-Ipsos national poll. Ipsos pollsters say it appears that much of that drop comes from Democrats whose approval of Obama fell to 70% from 78% last month.

• Thursday, October 14th 2010 - 05:55 UTC

  Germany warns China and the US: “currency war leads to a trade war”

  

  China should make concessions to avoid escalating foreign exchange tensions turning into a trade war German Economy Minister Rainer Bruederle was quoted as saying on Wednesday.

• Thursday, October 14th 2010 - 05:51 UTC

  US Treasury Secretary sees “no risk” of global currency war

  

  United States Treasury Secretary Timothy Geithner said he sees “no risk” of a global currency war and wants to maximize incentives for China to allow its Yuan to rise in value. He told the Charlie Rose Show in an interview that China would work against its basic development objectives if it kept its currency undervalued.

• Thursday, October 14th 2010 - 05:46 UTC

  China admits “currency war” spectre but responsibility is shared by G20

  

  China is trying to avoid a currency war, but issues concerning any specific currency should not be treated as part of an agenda at G20 meetings, a Chinese G20 negotiator said.

• Thursday, October 14th 2010 - 05:44 UTC

  China’s forex reserves already world’s largest surge to 2.65 trillion USD

  

  China's foreign exchange reserves, the world's largest, surged to US$2.65 trillion at the end of last month, adding fuel to complaints that the nation's curbs on gains in the Yuan are undermining the global recovery.

• Thursday, October 14th 2010 - 05:37 UTC

  Gold hits a new record as investors seek protection against sinking US dollar

  

  World stocks jumped to a six-month high, gold hit another record, and the dollar weakened on Wednesday on expectations that the US Federal Reserve will further loosen monetary policy, boosting risk appetite.

• Thursday, October 14th 2010 - 05:35 UTC

  US farm exports forecasted to surpass the 2008 record of 115 billion US dollars

  

  United States farm exports may surpass a 2008 record of 115.3 billion US dollars on surging corn, soybean and wheat prices, according to Joe Glauber, the US Department of Agriculture’s chief economist.

• Wednesday, October 13th 2010 - 07:20 UTC

  Brazil insists an agreement must be reached to end the “currency war”

  

  Brazilian Finance Minister Guido Mantega insisted while in Washington on the need of the international community to “coordinate” and “reach some kind of agreement” during the next G20 summit in order to put an end to the “currency war” that puts world recovery in danger.