Economy

• Wednesday, September 22nd 2010 - 07:35 UTC

  Fed anticipates modest US growth and is prepared to provide further support

  

  Admitting that employment and output recovery has slowed down in recent months, the US Federal Reserve said on Tuesday that it is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate.

• Wednesday, September 22nd 2010 - 07:32 UTC

  US behind Brazil, China and India as preferred place to invest, says Bloomberg

  

  The United States has fallen behind emerging markets Brazil, China and India as the preferred place to invest, according to a survey from Bloomberg. The US ranked first three months ago in the last quarterly Bloomberg Global Poll.

• Wednesday, September 22nd 2010 - 07:29 UTC

  Argentina’s most populous province ready to return to international bond market

  

  Argentina’s most populous province is preparing a return to international bond markets to benefit from the lowest borrowing costs in two years. Buenos Aires province hired Bank of America and Deutsche Bank AG to arrange investor meetings in Europe and the US as it plans to sell 500 million US dollars in debt.

• Wednesday, September 22nd 2010 - 02:01 UTC

  Overhaul of Obama’s economic team continues: Summers returns to Harvard

  

  The White House announced Tuesday that, director of the National Economic Council will leave the administration of President Barack Obama and return to Harvard University at the end of the year.

• Tuesday, September 21st 2010 - 02:27 UTC

  The US “Great Recession” officially ended June 2009, says top think-tank

  

  The United States recession lasted 18 months and was the most prolonged since World War II, a report has concluded. The National Bureau of Economic Research said the recovery began in June 2009, with recession having begun in 2007.

• Monday, September 20th 2010 - 23:59 UTC

  International trade forecasted to grow 13.5% in 2010, says WTO

  

  International trade will expand by an unprecedented 13.5 this year, the World Trade Organization said, revising its forecast because of a faster-than-expected recovery in flows of global commerce.

• Monday, September 20th 2010 - 23:25 UTC

  US high unemployment rates “will persist” for another two years, says OECD

  

  Recovery in the United States is under way but at such a moderate pace that painfully high unemployment rates will persist for some time, the Organization for Economic Cooperation and Development said on Monday

• Monday, September 20th 2010 - 05:44 UTC

  China rejects pressure to appreciate Yuan; US lobbying G20 ahead of summit

  

  An advisor to China's central bank has rebuffed criticism from the US over Beijing's exchange rate policy. In a speech in Beijing, Li Daokui said China “will not appreciate the Yuan solely because of external pressure”.

• Monday, September 20th 2010 - 04:59 UTC

  Argentine economy expands 9.4% in first half of 2010; inflation fears

  

  Argentina’s GDP expanded 9.4% in the first half of the year compared with the same period in 2009, according to the latest release from the country’s Statistics Institute, Indec. But inflation is becoming a greater challenge as the country moves into presidential electoral year 2011.

• Monday, September 20th 2010 - 04:25 UTC

  Brazil’s post-election adjustment “won’t have much influence” on Uruguay

  

  Uruguayan market analysts don’t believe Brazil’s attempts to prevent its currency from continuing to appreciate will have a relevant impact for Uruguay or for its foreign exchange rate.