Economy

• Tuesday, November 23rd 2010 - 03:30 UTC

  Trichet: don’t blame the Euro; it’s a solid currency in historical terms

  

  European Central Bank President Jean-Claude Trichet Monday sought to reassure investors on the resilience of the Euro-zone as Ireland's formal request for financial assistance from the bloc sparked nervousness on European credit markets.

• Tuesday, November 23rd 2010 - 02:57 UTC

  Food costs pressure Brazilian consumer prices and interest rate expectations

  

  Brazilian economists raised their forecast for inflation this year for the tenth consecutive week, as food costs pressure consumer prices further beyond the government’s target.

• Tuesday, November 23rd 2010 - 02:54 UTC

  Brazilian president-elect plans to maintain central bank’s “operational autonomy”

  

  Brazil’s President-elect Dilma Rousseff plans to maintain the central bank’s operational autonomy and also will keep the position of central bank president as a Cabinet-level post, according to reliable sources close to the leader.

• Monday, November 22nd 2010 - 19:14 UTC

  Trade among Latinamerican countries expected to increase 22% in 2010

  

  Trade among Latinamerican countries is expected to increase 22% during 2010, which is higher than forecasted, according to the UN Economic Commission for Latinamerica and the Caribbean, Cepal. This follows a drop of 0.9% in 2009 when the full impact of the global crisis.

• Monday, November 22nd 2010 - 18:01 UTC

  Relief for Euro and bonds as Ireland € 95 billion rescue package is announced

  

  Ireland became the second Euro country to seek a rescue as the cost of saving its banks threatened a rerun of the Greek debt crisis that destabilized the currency. The Euro rose and European bond risk fell Monday following the announcement of the package.

• Monday, November 22nd 2010 - 04:09 UTC

  EU and the US pledge to reach a deal on the Doha trade negotiations next year

  

  European Union leaders and President Barack Obama over the weekend made a point of stressing EU/US close ties after a low-key summit in Lisbon ended with a pledge to push for a deal in the Doha trade negotiation next year.

• Sunday, November 21st 2010 - 23:49 UTC

  International visitors sustainedly flocking to the US: 40.2 million in eight months

  

  The United States Department of Commerce says the number of international visitors to the country is rising fast.

• Saturday, November 20th 2010 - 04:58 UTC

  Tourism industry generates 9% of global GDP and 8% of world employment

  

  The travel and tourism industry is one of the largest and most dynamic industries in today’s global economy expected to generate about 9% of total GDP and provide for more than 235 million jobs in 2010 representing 8% of global employment.

• Saturday, November 20th 2010 - 03:15 UTC

  Argentine economic activity expands strongly in September but at slower pace

  

  Argentina's economy activity expanded strongly in September but at a slower pace than in previous months, according to a Friday release from the country’s Statistics Office, Indec.

• Saturday, November 20th 2010 - 02:37 UTC

  CFK ratifies economic model based on defence of Argentine production and jobs

  

  President Cristina Fernández de Kirchner (CFK) ratified the current economic development model with strong government intervention and supported her position with the latest data on unemployment and growth.