Economy

• Wednesday, October 14th 2009 - 03:49 UTC

  UK September’s weaker inflation surprises and triggers doubts about recovery

  

  Inflation in Britain has sunk faster than expected to hit a five-year low last month, official figures showed. The Consumer Prices Index (CPI) for September stood at 1.1% - down from August's 1.6% - as hikes in household energy bills in 2008 compared with unchanged bills for the same month this year.

• Tuesday, October 13th 2009 - 11:10 UTC

  Abu Dhabi one of many buyers of Santander Brazil IPO

  

  Publicly listed Abu Dhabi fund Aabar Investments PJSC which is the biggest shareholder in Daimler AG, invested 328 million US dollars in Banco Santander (Brasil) SA by buying shares in its initial public offering.

• Tuesday, October 13th 2009 - 04:16 UTC

  Most developing countries workers did not benefit form global trade boom

  

  The boom in global trade over the last two decades has failed to improve the quality of most jobs in poorer countries, the World Trade Organisation (WTO) and United Nations labour agency (ILO) said on Monday.

• Tuesday, October 13th 2009 - 04:10 UTC

  FAO: Food commodities prices forecasted to remain high and volatile

  

  Food commodities prices are likely to stay high and volatile in the medium term, while a repeat of the 2007-2008 price spikes is seen as a realistic possibility, the UN Food and Agriculture Organization said on Monday. Between 2006 and 2008, international prices for basic food commodities shot up by 60% while grain prices doubled.

• Monday, October 12th 2009 - 10:47 UTC

  General Motors record sales in China’s booming car market

  

  General Motors and affiliate companies in China sold almost 1.3 million cars in the first nine months of 2009, with September a record month, according to a release from the main offices in Detroit.

• Monday, October 12th 2009 - 08:37 UTC

  Markets’ expecting more signals in support of the dollar from US officials

  

  Following a week when the US dollar plunged to record lows forcing some Asian banks to support the greenback, money markets are looking for new signals that the US government is committed to a strong US dollar as was implicitly anticipated by the Federal Reserve.

• Monday, October 12th 2009 - 08:03 UTC

  Chilean safeguard 15% tariff on dairy imports does not apply in Punta Arenas

  

  The 15% safeguard tariff imposed by the Chilean government on imports of powder milk (whole and skimmed) and certain types of cheese from Argentina and Uruguay, does not apply to Punta Arenas in the extreme south of the country.

• Monday, October 12th 2009 - 07:47 UTC

  British government to sell assets to help balance public finances

  

  The British Government is to sell off £16 billion of assets as part of moves to restore stability to the public finances, Prime Minister Gordon Brown is to announce. Details of an initial round of sales that could raise £3 billion - including the Tote, the Dartford crossing, the Channel Tunnel rail link, and the Student Loan book.

• Friday, October 9th 2009 - 11:55 UTC

  Turbulence ahead for world rice market as stockpiles plunge

  

  Rice stockpiles of the world’s five largest exporters are forecast to plunge by a third to the lowest level in five years, and below last year when prices surged to a record, according to Concepction Calpe, senior economist at the UN Food and Agriculture Organization.

• Friday, October 9th 2009 - 11:09 UTC

  Who is to replace US consumer as the global growth engine?

  

  Since the United States consumer is no longer the main global growth engine, experts are expecting China to take over the role, although they are also looking for other locomotives in other regions of the world to help with economic recovery.