Economy

• Monday, September 13th 2010 - 04:00 UTC

  Central bankers agree new rules to prevent a repeat of the financial crisis

  

  Central bank governors and senior regulators have agreed new rules designed to prevent a repeat of the recent financial crisis. At a meeting in the Swiss city of Basle, they agreed a deal requiring banks to hold more capital in reserve.

• Sunday, September 12th 2010 - 07:29 UTC

  A view from The Economist: ‘US and Latin America, nobody’s backyard’

  

  Under the heading of “The United States and Latin America: Nobody’s backyard”, The Economist publishes one of its leading articles, supported by special pieces dedicated to the region’s potentialities, recent successes and shortcomings, mainly triumphalism and complacency.

• Sunday, September 12th 2010 - 07:12 UTC

  Two million people have visited Chile’s pavilion at the Shanghai Expo

  

  Lu Hongxiang from Xin Xiang, China was recently the 2 millionth visitor at the Chilean pavilion at the Shanghai Expo that runs from May 1 to Oct 31, 2010.

• Sunday, September 12th 2010 - 06:45 UTC

  China trade surplus down; US congress set to discuss value of the Yuan

  

  China's trade surplus narrowed in August as imports picked up at a faster pace and exports slowed although not drastically, official figures showed on Friday. The data is likely to keep up pressure on Beijing to ease currency controls.

• Sunday, September 12th 2010 - 06:41 UTC

  Public debate erupts in UK over the building of two (one?) air carriers

  

  British Ministry of Defence revealed that contracts worth about £1.25bn have been awarded for building two aircraft carriers even though the project may not go ahead, figures have revealed. The figures came in answer to a parliamentary question by a Labour MP.

• Saturday, September 11th 2010 - 18:22 UTC

  Developed nations slowdown “more pronounced than anticipated” says OECD

  

  The global economic recovery is slowing faster than forecast, but a return to recession is unlikely, a leading global economic group has said. The Organisation for Economic Co-operation and Development (OECD) said the slowdown had been more “pronounced than anticipated”.

• Friday, September 10th 2010 - 04:39 UTC

  Brazil’s Real at its highest in eight months; government promises a cap

  

  Brazilian Finance Minister Guido Mantega said the government won’t allow the Real to strengthen excessively as the currency reached its strongest in eight months.

• Friday, September 10th 2010 - 04:31 UTC

  Kirchner cabinet refutes FT report: no IMF revision of Argentine economy

  

  Argentina is still opposed to having its economy reviewed by the International Monetary Fund (IMF), government ministers said on Thursday, refuting recent media reports to the contrary.

• Friday, September 10th 2010 - 03:45 UTC

  Bank of England leaves interest rates on hold at 0.5% for 18th month running

  

  The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 18th consecutive month. The Monetary Policy Committee's (MPC) decision had been expected, but calls have been growing for an increase in rates to curb inflation.

• Friday, September 10th 2010 - 03:31 UTC

  A rare copy of “Birds of America” to be auctioned could raise 15 million USD

  

  Ten years ago, a copy of painter and naturalist John James Audubon’s Birds of America was sold by Christie’s for £5.7m (8.8 million USD). On 7 December this year, another copy of the book will be auctioned by Sotheby’s, along with other rare and valuable books, letters and manuscripts.