Economy

• Saturday, October 30th 2010 - 05:13 UTC

  US economy growing again but not enough to quell frustration about jobs

  

  The United States economy is growing but not enough to help with jobs. The US Commerce Department says GDP grew 2%, at an annual rate, between July and September - a slight increase from the previous quarter.

• Friday, October 29th 2010 - 04:06 UTC

  Argentine bonds post big gains and stocks hit new record

  

  Argentine bonds posted big gains and stocks hit a new record high Thursday as markets anticipated a more business-friendly environment following the death of former president Nestor Kirchner.

• Thursday, October 28th 2010 - 05:54 UTC

  Argentine shares and bonds reacted positively to death of Kirchner

  

  Argentine shares and bonds rose on Wednesday after the death of political heavyweight and former President Nestor Kirchner removed from the 2011 election campaign a contender seen as unfriendly to markets.

• Thursday, October 28th 2010 - 05:29 UTC

  Petrobras confirms light oil at deepwater exploration well in north-east

  

  Brazilian government-controlled energy giant Petrobras said signs of oil found at in its first deepwater exploration well in the Sergipe-Alagoas Basin mark the opening of a new “exploratory frontier”.

• Tuesday, October 26th 2010 - 05:11 UTC

  Roubini forecasts “cloudy” outlook for the Argentine economy in 2011

  

  Nouriel Roubini, the New York University professor who predicted the global financial crisis, said the outlook for Argentina’s economy is “cloudy” and GDP is slated to decline in 2011 as the global slowdown may lead to fewer exports.

• Tuesday, October 26th 2010 - 04:46 UTC

  Singapore wants to merge with Sydney and create Asia’s second financial hub

  

  The Singapore stock exchange (SGX) has unveiled a multi-billion dollar bid for the company that owns the Australian Stock Exchange (ASX) in Sydney. If approved the 8.3 billion take-over would mark the first stock exchange merger in the Asia Pacific region.

• Tuesday, October 26th 2010 - 04:32 UTC

  US Treasury bonds fetch negative yield ahead of Fed’s actions to prop inflation

  

  US Treasury Department sold securities that fetched a negative yield for the first time, implying investors are willing to pay the government to own its debt. This is a milestone in the current rock-bottom interest rate environment, as the Federal Reserve is widely expected next week to announce it will buy more Treasuries to jump-start a sluggish economy.

• Tuesday, October 26th 2010 - 02:32 UTC

  Iglesias praises agreement to giver emerging economies greater say in IMF

  

  Enrique Iglesias, Ibero-America secretary general praised the G-20 decision to reform the IMF giving greater representation to the emerging economies but warned that the so called “currencies war” threatens to trigger a dangerous bout of protectionism at world level.

• Monday, October 25th 2010 - 21:45 UTC

  Qatar interested in buying Christie’s to help with kingdom’s museum collection

  

  Qatar, the wealthy Gulf Arab state whose foreign assets include London property and investments in Volkswagen, may buy Christie's auction house to bolster its cultural credentials, the Financial Times said.

• Monday, October 25th 2010 - 21:28 UTC

  Brazil’s current account deficit at an annual record boosted by the strong Real

  

  Brazil’s 12-month current account gap widened to a record high in September as domestic demand and the Real appreciation boosted spending on imports.