Economy

• Wednesday, October 20th 2010 - 00:57 UTC

  World Bank warns the US about consequences of dollar liquidity

  

  Surging capital inflows threaten Asia's economic stability, the World Bank warned after Treasury Secretary Timothy Geithner sought to draw the venom from a global row over currencies by vowing not to devalue the dollar.

• Wednesday, October 20th 2010 - 00:52 UTC

  IMF: imperative for Latinamerica to cut growth of public spending

  

  The International Monetary Fund once again warned Latin American nations with fast growing economies of the risk of “overheating” due to strong domestic demand, which would cause “inflation and widening of current account deficits.”

• Tuesday, October 19th 2010 - 03:56 UTC

  Fears strong growth in Brazil will fuel inflation in months ahead

  

  Economists in a weekly central bank survey raised for a fifth straight week their forecasts for Brazil's benchmark inflation index in 2010 and 2011, underscoring concerns that growth in the economy will raise consumer prices in the months ahead, the bank said.

• Tuesday, October 19th 2010 - 03:28 UTC

  Brazil again ups tax on incoming capital; calls for end to the “currency war”

  

  Brazil increased taxes on foreign investments in fixed-income securities for the second time in a month and Finance Minister Guido Mantega said countries trying to defend exports must end the “currency war.”

• Monday, October 18th 2010 - 22:47 UTC

  Next Chilean ambassador to China promises to boost agriculture exports

  

  Luis Schmidt, the recently appointed Chilean ambassador to China, is already speaking out about his goals and needs as ambassador to the country that has become Chile's largest trading partner. Last month he attended the closing of the World Expo in Shanghai and in January will relocate to China

• Monday, October 18th 2010 - 21:49 UTC

  China insists that reforming the Yuan “will be a gradual process”

  

  A senior IMF official tried to dampen talk of a global currency war, while China said it will stick to a gradual reform of its currency.

• 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.