Economy

Tuesday, October 6th 2009 - 11:39 UTC
IT set to create 5.8 million new jobs and 75.000 new businesses by 2013

Worldwide growth in the Information Technology sector will create 5.8 million new jobs and 75,000 new businesses in the next four years, research from Microsoft has forecast.
Tuesday, October 6th 2009 - 11:33 UTC
Dairy farmers’ cow protest in Brussels, which is divided over milk policy

Hundreds of farmers protested Monday in Brussels to put pressure on European Union (EU) agriculture ministers meeting to discuss low milk prices. The talks came after weeks of protests across Europe, with farmers dumping milk stocks and withholding supplies at what they see as uneconomic prices.
Tuesday, October 6th 2009 - 07:30 UTC
Argentina and the IMF ready to re-establish normal working technical relations

International Monetary Fund Managing Director, Dominique Strauss Khan, told Argentine Central Bank head Martín Redrado that the eventual revision of Argentina's economy by the multilateral organization would be “strictly technical,” according to IMF sources.
Tuesday, October 6th 2009 - 06:38 UTC
“Historic day” for Brazil which for the first time becomes IMF creditor

Brazil became on Monday for the first time ever a creditor of the International Monetary Fund when it formalized a decision to buy 10 billion US dollars worth of IMF notes nominated in SDR.
Monday, October 5th 2009 - 13:39 UTC
US federal judge limits claims of Argentine defaulted bonds

A US federal judge has rejected an effort to attach some assets of Argentina's state-owned Banco de La Nacion to satisfy claims of investors holding defaulted Argentine bonds.
Monday, October 5th 2009 - 13:20 UTC
US economic power declining because of financial crisis, says World Bank

United States economic power is declining as a result of the financial crisis, the head of the World Bank has said. “One of the legacies of this crisis may be recognition of changed economic power relations,” said World Bank president Robert Zoellick.
Saturday, October 3rd 2009 - 12:01 UTC
IMF confirms normal relationship with Argentina “in the near future”

International Monetary Fund Managing Director Dominique Strauss-Kahn is confident that the fund will resume a “normal” relationship with Argentina soon, he said on Friday.
Saturday, October 3rd 2009 - 08:40 UTC
US shocked by rising unemployment; fears of consumer confidence erosion

The United States economy lost 263.000 jobs in September, which was more than had been expected, according to official non-farm payrolls figures. The jobless rate rose to a fresh 26-year high of 9.8% from August's figure of 9.7%.
The number in employment has now fallen for 21 consecutive months.
Friday, October 2nd 2009 - 09:13 UTC
EU emergency meeting to deal with dairy farming crisis and export subsidies

Less than two weeks after the start of a European dairy farmers’ strike, Sweden’s agriculture minister said that he would meet with other European agriculture ministers in Luxembourg on 5 October to discuss the ongoing milk crisis.
Friday, October 2nd 2009 - 05:12 UTC
Next round of EU/Mercosur trade association talks in May in Madrid

The European Union and Mercosur have suspended negotiations for an association agreement, basically on trade issues, admitted Geoffrey Barrett head of the European Commission delegation for Uruguay and Paraguay.