Economy

• Tuesday, April 27th 2010 - 21:57 UTC

  IMF Warns Latam “Cheap and Abundant Credit” Rises Risk of Boom-Bust Cycle

  

  Latin American economies as a whole are recovering nicely from the global economic downturn but “cheap and abundant external finances raise the risk of a boom-bust cycle”, said Nicolas Eyzaguirre, IMF Western Hemisphere Department Director.

• Tuesday, April 27th 2010 - 18:13 UTC

  UK Think Tank Warns About Drastic Spending Cuts After Election Day

  

  All three British major political parties are failing to come clean on spending cuts that will need to be at least as deep as the 1970s, a leading think tank warned Tuesday. Repairing the public finances will be the 'defining domestic policy task of the next government', the Institute for Fiscal Studies said at a special election briefing.

• Tuesday, April 27th 2010 - 06:08 UTC

  Brazil will Impose Import Levies to Face “Cheap” US Dollar, Unless Accord is Reached

  

  Brazil’s government may take additional steps to limit gains in the local currency Real should advanced economies favor policies that keep their currencies weak, Finance Minister Guido Mantega said.

• Tuesday, April 27th 2010 - 06:03 UTC

  US Judge Griesa Denies Request to Suspend Argentina’s Debt Swap

  

  A US judge denied requests by a class of mostly individual bondholders to suspend or disapprove of Argentina's 20 billion US dollars debt swap.

• Tuesday, April 27th 2010 - 05:55 UTC

  Concerns with Inflation Anticipate Brazil will Raise Benchmark Interest Rate

  

  Brazil’s next government will need to be “very serious” about keeping inflation within its target range so real interest rates can continue to fall, Central Bank President Henrique Meirelles said.

• Tuesday, April 27th 2010 - 05:47 UTC

  Argentina Insists that Official Statistical Information is “Trustworthy and Solid”

  

  Argentina’s Deputy Economy Minister Roberto Feletti said the Government “will not accept economic policies to be dictated” by the International Monetary Fund (IMF) and added that country's statistical information is “trustworthy and solid.”

• Monday, April 26th 2010 - 21:16 UTC

  Germany and France Strongly Condition Rescue Aid Package to Greece

  

  Greece will not get its multi-billion Euro aid package until it commits to bigger economic sacrifices, Germany’s finance minister warned over the weekend.

• Monday, April 26th 2010 - 05:24 UTC

  Goldman Sachs Incriminating E-mails Surface in US Senate Investigation

  

  Investment bank Goldman Sachs executives boasted about the money the bank was making while the US housing market was collapsing in 2007, released company e-mails show.

• Monday, April 26th 2010 - 05:12 UTC

  Toyota Brazil is Recalling Locally Manufactured (as of April 2008) Corollas

  

  Toyota Brazil has agreed to recall an unspecified number of Corollas locally manufactured because of the risk of sudden acceleration according to a statement from the country’ Ministry of Justice website.

• Monday, April 26th 2010 - 01:36 UTC

  World Bank Agrees to Increased Capital and Voting Power for Developing Countries

  

  The 186 countries that own the World Bank Group endorsed on Sunday boosting its capital by more than 86 billion US dollars and giving developing countries more influence.