Economy

Thursday, October 15th 2009 - 11:55 UTC
Argentina’s annual inflation estimated by private consultants in 14%

Argentine inflation was 0.7% in September according to the official controversial Statistics office, Indec. The figure released Wednesday as has been happening for years was disputed by private consultants that estimate an average between 0´9% and 1.3%.
Thursday, October 15th 2009 - 07:47 UTC
China’s super rich linked to real estate and massive urbanization

The super rich from China seem to have put the credit crunch behind them as the average wealth of China’s richest 1,000 people grew 30% in the past 12 months, surpassing the boom of 2007, according to a report released this week in Shanghai.
Thursday, October 15th 2009 - 03:16 UTC
UK unemployment predicted to continue soaring over 3 million

United Kingdom unemployment is still on course to soar above three million despite better-than-expected jobless figures, experts have warned. Official data showed unemployment rising to 2.47 million in the three months to August, an increase of 88,000 on the quarter to May
Thursday, October 15th 2009 - 03:13 UTC
China’s reserves reach 2.273 trillion USD, including 800 billion US bonds

China’s foreign-exchange reserves, the world’s biggest, climbed about 141 billion US dollars in the third quarter to a record 2.273 trillion USD, the People’s Bank of China said Wednesday on its Web site.
Thursday, October 15th 2009 - 02:56 UTC
Latinamerican banks sound and safe, according to S&P ratings

Latinamerican banks will see second quarter gains despite the economic crisis due to a greater dependency on deposits rather than loans, Standard & Poor's ratings agency said.
Wednesday, October 14th 2009 - 06:19 UTC
UK rates to remain low for years amid tax rises and spending cuts

UK interest rates will stay low for years amid tax rises and spending cuts, according to an economic forecast. The Centre for Economics and Business Research (CEBR) believes the rate will remain at its current 0.5% level until 2011 and not reach 2% until 2014.
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.