Economy

• 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.

• Saturday, April 24th 2010 - 11:08 UTC

  Exchange Rate Disorder

  

  By Jose Antonio Ocampo – Two troubling features of the ongoing economic recovery are the depressed nature of world trade and the early revival of international global payment imbalances. Estimates by the International Monetary Fund and the United Nations indicate that the volume of international trade in 2010 will still be 7% to 8% below its 2008 peak, while many or most countries, including industrial nations, are seeking to boost their current accounts.

• Saturday, April 24th 2010 - 08:08 UTC

  Brazil to Sell Bonds in Global Markets Given Lowest Borrowing Costs Since 2007

  

  Brazil plans to sell bonds in international markets in coming weeks, taking advantage of the lowest borrowing costs since October 2007, Treasury Secretary Arno Augustin said.

• Saturday, April 24th 2010 - 07:20 UTC

  Argentine Industrial Production Up 10.65 in March Over a Year Ago

  

  Argentine industrial output surprised market expectations in March, powered by an increase in auto production, the latest sign of a strong rebound in Latin America's number three economy.