Economy

• Wednesday, May 19th 2010 - 05:45 UTC

  Euro opens in Asian markets Wednesday at new four-year low

  

  The Euro dropped to a new four-year low against the US dollar on Wednesday in Asian markets, changing hands at 1.2144 US dollars in early trade in Tokyo, amid persistent concerns over the European debt crisis.

• Tuesday, May 18th 2010 - 21:53 UTC

  UK consumer inflation reaches 17-month high in April

  

  United Kingdom consumer price inflation unexpectedly jumped to a 17-month high in April, 3.7%, driven by big rises in tax on alcohol and tobacco as well as higher prices for women's clothing and food, data showed.

• Tuesday, May 18th 2010 - 21:51 UTC

  Peruvian economy rebounds and expands 8.76% in first quarter

  

  The Peruvian economy expanded 8.76% in the first quarter of 2010 compared to the same period a year ago, the highest rate in the last 17 months, according to the head of the country’s Statistics Office, Renán Quispe.

• Tuesday, May 18th 2010 - 05:04 UTC

  Euro falls to its lowest since April 2006; fears of double dip in the economy

  

  The Euro fell to its lowest since April 2006 even as European finance ministers sought to dissipate concern that spending cuts to combat the region’s debt crisis won’t cause a double dip in the economy.

• Tuesday, May 18th 2010 - 04:59 UTC

  Chile’s Concha y Toro wines official sponsors of Manchester United

  

  England’s Manchester United agreed on a sponsorship accord with Vina Concha y Toro SA, making Chile’s largest winery the latest company to become an official partner of the 18-time English soccer champion.

• Tuesday, May 18th 2010 - 04:46 UTC

  Latam largest economies plan trade accord with most tariffs cut to zero

  

  Mexican Deputy Economy Minister Beatriz Leycegui said the government aims to reach a trade accord with Brazil to reduce tariffs to zero on the majority of goods sold between Latin America’s two biggest economies.

• Tuesday, May 18th 2010 - 04:43 UTC

  Brazil is “well prepared” for possible Euro debt crisis spill over

  

  Brazil is well prepared for any negative spillover effects from the EU debt and Euro crisis, although things “could be worse”, according to Brazilian Central Bank president Henrique Meirelles currently in New York.

• Tuesday, May 18th 2010 - 04:33 UTC

  Athens looking into US investment banks role in current Greek debt crisis

  

  Greece is investigating US investment banks and their role in the run-up to the Greek debt crisis which has shaken faith in Euro zone economies, Prime Minister George Papandreou said in comments broadcast.

• Tuesday, May 18th 2010 - 04:29 UTC

  Cuba scraps bureaucracy to help farmers boost food production

  

  Cuba's private farmers will in future purchase supplies directly instead of having them allocated by the state, the government said on Sunday, in the latest concession to demands for more autonomy.

• Tuesday, May 18th 2010 - 04:25 UTC

  Uruguay beef exports in first quarter total 98.300 tons and 265 million USD

  

  During the first quarter of this year Uruguay beef exports to Russia reached 25.800 tons, which is almost twice more than during the same period of last year.