Economy

• Tuesday, January 19th 2010 - 13:35 UTC

  UK has a decade of economic pain ahead, warns leading economic forecaster

  

  The UK faces a decade of economic pain after years of splurging on credit, a leading economic forecaster has warned. The Ernst & Young ITEM Club said the economy faced stagnation unless exports received a boost.

• Tuesday, January 19th 2010 - 10:35 UTC

  Generous Argentina poised for an encouraging recovery, in spite of …

  

  Last year ended for Argentina with a 2% economic drop as a consequence of the international crisis and its impact on the majority of productive sectors. However, from the second quarter onwards, some improvements -expected to remain unchanged for 2010- have become visible and the outlook for the year is more encouraging.

• Tuesday, January 19th 2010 - 01:54 UTC

  Chile’s Concha y Toro, one of the world’s top ten exporters of wine

  

  Chilean wine brand Concha y Toro increased its export volumes by 22% in 2009, according to figures released by the company over the weekend.

• Monday, January 18th 2010 - 11:42 UTC

  The seven kilos leg of an Iberico ham plus DNA certificate for £ 1.800

  

  The world's most expensive ham has gone on sale, complete with its own DNA certificate as a proof of authenticity. The leg of Iberico ham, which weighs seven kilos, is on sale at the food hall in Selfridges in London's Oxford Street.

• Saturday, January 16th 2010 - 15:59 UTC

  Argentina confident SEC observations will not hamper debt swap proposal

  

  The United States Security and Exchange Commission sent its response on the Argentine debt swap proposal back to the Treasury Palace. According to sources, the agency has made 15 observations.

• Saturday, January 16th 2010 - 07:04 UTC

  Mayor Johnson says top bankers fleeing from London over taxes

  

  Thousands of high-earning bankers will flee London because of the Government's taxation policy, Mayor Boris Johnson has warned. He has written to Chancellor Alistair Darling asking for a meeting to discuss his introduction of a 50p income tax rate for top earners and a temporary 50% levy on banking bonuses over £25,000.

• Saturday, January 16th 2010 - 07:01 UTC

  China’s overseas investments expand 6.5% in 2009; 40% forecasted in 2010

  

  China's overseas investment in non-financial sectors rose 6.5% last year from 2008 despite the economic downturn, the government said Friday, as the nation kept up its global hunt for resources.

• Friday, January 15th 2010 - 09:38 UTC

  Brazilian project to cut poverty to “developed countries’ level” in six years

  

  Brazil could achieve social indicators similar to those of developed countries by 2016 if the country is able to maintain the same rate of extreme poverty reduction and income redistribution as recorded during the 2003/2008 period, according to an official report from the Presidential Strategic Affairs Secretariat.

• Friday, January 15th 2010 - 06:37 UTC

  Judge Griesa lifts freeze on Argentine funds to help with planned “debt swap”

  

  A New York State Judge lifted a freeze on Argentine Central Bank accounts held in the US Federal Reserve, Argentina's Finance secretary told reporters on Thursday. The freeze has been imposed on request from investors holding defaulted Argentine sovereign bonds.

• Friday, January 15th 2010 - 06:16 UTC

  Jobs of the future: space pilot, human body part maker or climate change averter

  

  Tomorrow's job hunters could be applying for the position of space pilot, human body part maker or climate change averter, according to a British government commissioned report.