Economy

• Thursday, September 24th 2009 - 10:59 UTC

  Peru blasts military expenditure and arms purchases in Latinamerica

  

  Peruvian president Alan García demanded Wednesday that the Organization of American States, OAS, help contain the arms purchasing spree in Latinamerica, an issue that has created irritation and disputes among several countries of the region.

• Thursday, September 24th 2009 - 10:53 UTC

  Bank of England minutes reflect “uncertainty” and fears of inflation

  

  Inflation in the United Kingdom has proved more stubborn than expected and is now no longer estimated to fall below 1% this autumn, according to minutes from the Bank of England's rate-setting committee. But there is still a lot of uncertainty about the economy and the impact of the ongoing reluctance of banks to lend.

• Thursday, September 24th 2009 - 09:06 UTC

  Barclays’ upbeat about Latam’s “remarkably strong” recovery in 2010

  

  Latin America’s economic recovery will be “remarkably strong,” bolstering currencies and spurring interest rate increases in 2010, Barclays Plc said.

• Thursday, September 24th 2009 - 05:44 UTC

  Fed: the US economy is “picking up” but we’ll continue to pump liquidity

  

  The US Federal Reserve said that even when economic activity is “picking up”, it expects to keep interest rates close to zero for an “extended time” and will continue to support mortgage lending and housing markets and to improve overall conditions in private credit markets.

• Thursday, September 24th 2009 - 05:09 UTC

  Uruguayans will consume 86 kg of meat per capita this year

  

  Uruguayans beef consumption per capita in 2009 is expected to reach 58 kilos and 86 kilos of all types of meat according to the latest estimates from the National Meat Institute (INAC).

• Wednesday, September 23rd 2009 - 12:47 UTC

  In anticipation of the G20 summit, US dollar falls against major currencies

  

  The Euro rose Tuesday to the highest level against the US dollar since August 2008 as investors looked to the Group of 20, G20, summit in Pittsburgh this weekend for more signs about the world economic recovery.

• Wednesday, September 23rd 2009 - 12:43 UTC

  Uruguay sells 500 million dollars of bonds maturing 2025

  

  Uruguay sold 500 million US dollars of bonds maturing in 2025 in its first international debt issue in three years. The 16-year bonds are to yield 340.3 basis points above US Treasuries.

• Wednesday, September 23rd 2009 - 12:24 UTC

  Long lasting consequences of the global financial crisis, according to IMF

  

  The global financial crisis is likely to leave long-lasting scars on the world economy, but governments can act to stimulate a quicker revival and counter output losses, according to a new IMF study.

• Wednesday, September 23rd 2009 - 12:07 UTC

  “Europeans to loose clout to China” in IMF restructuring, says Strauss-Kahn

  

  China will get the biggest increase in voting power at the IMF (*) when the global lender completes a long-awaited restructuring in 2011, the head of the IMF said Tuesday. In an interview with Reuters, IMF Managing Director Dominique Strauss-Kahn said European nations, which have resisted a dilution of their global economic clout in the IMF, increasingly recognized it was time for change.

• Wednesday, September 23rd 2009 - 12:04 UTC

  Lamy remains cautious about Doha Round outlook

  

  World Trade Organization (WTO) chief Pascal Lamy said Tuesday that he was still cautious about the outlook of the Doha Round of global trade negotiations despite a detailed work program drawn up by senior officials last week. He also called for leadership and responsibility from G-20 leaders meeting this week in Pittsburgh.