Economy

Thursday, November 5th 2009 - 12:59 UTC
Argentina after an agreement with the IMF at the G20 Scotland meeting

Argentina’s Economy Minister Amado Boudou travels to Scotland Thursday where he will participate in a meeting with his G-20 counterparts. Boudou is also scheduled to meet with International Monetary Fund (IMF) head Dominique Strauss-Kahn.
Thursday, November 5th 2009 - 12:53 UTC
Argentina/Brazil trade dispute: partners can’t agree who’s to blame

Argentina has accused Brazil of not keeping to agreed “self regulated” bilateral trade understandings originally destined as an umbrella for Argentine industry, and instead has resorted to customs barriers which are delaying or impeding exports.
Thursday, November 5th 2009 - 10:27 UTC
Brazil fears a “bubble” pumped by exuberant investors; Real 19% too strong

Brazilian central bank President Henrique Meirelles admitted “exuberant” investors might create an asset bubble in Latinamerica’s biggest economy.
Thursday, November 5th 2009 - 09:53 UTC
Brazil’s reserves reach new record in October: 232.9 billion US dollars

Brazil's foreign reserves totaled 232.9 billion US dollars at the end of October, up from 224.2 billion at the end of September. In the first ten months of 2009, reserves were up 26.1 billion. Reserves ended last year at 206.8 billion.
Thursday, November 5th 2009 - 08:27 UTC
Fed leaves rates unchanged and admits businesses are still “cutting back”

The Federal Reserve Open Market Committee kept US interest rates on hold at between 0% and 0.25%, as had been widely expected. Despite the US economy growing 3.5% in July to September - its first expansion since June 2008 - rates were left unchanged on Wednesday to further aid the recovery.
Thursday, November 5th 2009 - 07:21 UTC
US dollar falls to lowest rate in a year vis-à-vis the Chilean Peso

The US dollar fell to an exchange rate of Chilean Pesos 528 on Tuesday, the lowest rate since September 2008, a tendency confirmed in Wednesday’s trading. Since the beginning of 2009, the dollar has fallen 113 Chilean pesos.
Thursday, November 5th 2009 - 05:34 UTC
GM decision to hang on to European subsidiaries triggers controversy

General Motors decision to hang on to its European car unit Opel including Vauxhall in Britain, was welcomed in the UK but met with anger in Germany. Unite union chief Tony Woodley, a former Vauxhall worker, hailed the news as a “fantastic decision”.
Thursday, November 5th 2009 - 05:21 UTC
Gold at all time record following India’s purchase of IMF metal reserves

The price of gold has touched an all-time high after a large sale of the precious metal by the International Monetary Fund (IMF) to India. Gold struck a high of 1,095.05 an ounce in London, against 1,084.50 late in New York on Tuesday.
Wednesday, November 4th 2009 - 13:18 UTC
Peruvian regional initiative to cut military expenditure and fight poverty

Peru launched in Argentina its peace, security and cooperation initiative to reduce arms purchases in the region and to lower expenditure on military hardware.
Wednesday, November 4th 2009 - 13:17 UTC
Two million British children have no parent in work

The number of children in British families living on benefits has increased by 170,000 over the past year, with child poverty growing in affluent as well as traditionally hard hit areas, according to a new report.