Economy

• Monday, August 16th 2010 - 18:56 UTC

  U.S. Dollar Direction In 2nd Half of 2010

  

  The last two years have been quite volatile in financial markets. First, in the fall of 2008, it appeared that the entire global economic system was headed toward inevitable destruction as US financial institutions Bear Stearns, Fannie Mae & Freddie Mac, and Lehman Brothers all collapsed in September of ’08.

• Monday, August 16th 2010 - 05:08 UTC

  Argentina official July inflation, 0.8%; private sector and unions: 1.9%

  

  Argentina’s annual inflation rate in July rose to the highest level since May 2006, led by higher costs for leisure goods and clothing. Consumer prices increased 11.2% from a year earlier and 0.8% from June the national statistics institute Indec, said.

• Monday, August 16th 2010 - 04:20 UTC

  Strong rebound of the German economy: GDP 3% growth in 2010

  

  German gross domestic product (GDP) could grow by as much as 3% in 2010, as positive quarterly figures have stoked optimism in Europe's largest economy, Die Welt newspaper reported on Sunday, citing Economy Ministry officials.

• Saturday, August 14th 2010 - 03:07 UTC

  “Inflation expectations” gear Brazilian central bank rates policy

  

  Brazilian central bank President Henrique Meirelles said analysts were surprised by a smaller- than-expected interest rate increase in July because they misunderstand signals sent by policy makers beforehand.

• Friday, August 13th 2010 - 07:00 UTC

  “Discriminatory trade” measures could limit Chinese interest in Argentina

  

  As China is gaining ever wider economic influence, Argentina runs the risk of losing the opportunity to benefit from the trend by keeping discriminatory measures against Chinese products, an Argentine expert warned.

• Friday, August 13th 2010 - 04:06 UTC

  Asian and Latinamerican corporations buying Argentine assets

  

  In the nineties most Argentine companies were purchased by companies with headquarters in New York or Madrid but in this decade they come from less glamorous countries: China, India, Brazil, Russia and unsuspected places such as Mexico, Peru and Colombia.

• Friday, August 13th 2010 - 02:40 UTC

  UK faces “choppy recovery” in the next two years warns Bank of England

  

  The UK economy faces a “choppy recovery” over the next two years, the governor of the Bank of England, Mervyn King, has warned. His comments came as the Bank lowered its economic growth forecast and said inflation would stay higher for longer than previously forecast.

• Thursday, August 12th 2010 - 20:31 UTC

  Russian drought and fires catches the US with record crops of corn and soybeans

  

  Russian President Dmitri Medvedev says a full one-quarter of Russia's grain crops have been destroyed by weeks of drought and wildfires, leaving many Russian farmers close to bankruptcy.

• Thursday, August 12th 2010 - 18:11 UTC

  US Dollar Drops To Its Lowest Level In Six Months

  

  Globally the US dollar has been sinking this year and the Chilean peso has fared particularly well against it.

• Thursday, August 12th 2010 - 18:00 UTC

  Spain top of the list for European pensioners seeking to relocate

  

  Sun, sea and sangria come top of the list for European pensioners seeking to relocate for retirement, a new survey showed this week. The survey by employee management consulting firm Aon Corporation found that one in four Europeans wishing to retire abroad would like to move to Spain, followed by France, Italy and the United States.