Economy

• Saturday, September 12th 2009 - 11:16 UTC

  China’s foreign trade continued to contract in August; imports down 17%

  

  China's exports continued to decline in August, down 23% from the same month last year. Official figures show exports fell to 103.7 billon US dollars, from 134.9 billion in August 2008. Exports of almost all major industrial products saw double-digit drops.

• Saturday, September 12th 2009 - 10:49 UTC

  US federal budget deficit at an all time record

  

  The US federal deficit has reached 1.38 trillion US dollars with one month left for the current fiscal year, according to Treasury Department statistics released on Friday. In August the deficit was 111.4 billion US dollars.

• Friday, September 11th 2009 - 10:33 UTC

  “Milk strike” and dairies blockades announce EU farmers

  

  The European Milk Board, representing milk producer organisations from eight European countries, has announced a “far-reaching revolt”, including farmer blockades of dairies and the withholding of milk from the market.

• Friday, September 11th 2009 - 08:13 UTC

  Bank of England leaves rates and quantitative easing unchanged

  

  The Bank of England held the United Kingdom’s base rate at 0.5% Thursday, marking the sixth consecutive month of record low rates. The Bank's Monetary Policy Committee also made no changes to its quantitative easing policy.

• Friday, September 11th 2009 - 07:25 UTC

  Uruguayan businessman among Latinamerica’s hundred most powerful

  

  Uruguay’s Gabriel T. Rozman figures among Latinamerica’s hundred most powerful men and women in business according to the Latin Business Chronicle Power 100 ranking. Mr Rozman is executive vice-president for emerging markets at Tata Consulting Services, TCS, the Indian corporation that only in Latinamerica has over 6.000 staff in Latinamerica.

• Thursday, September 10th 2009 - 11:26 UTC

  UNCTAD joins the “replace the US dollar” debate

  

  The United Nations has stepped into the debate on the future of the US Dollar, mainly that it be replaced as the world's reserve currency. The idea has been floating for some time in world capitals, such as Beijing, Moscow, Tehran and Brasilia but is the first time the world organisation openly takes position.

• Thursday, September 10th 2009 - 05:05 UTC

  Argentine industrial activity in July contracts 9.5% and 8.8% in seven months

  

  With most sectors contracting industrial activity in Argentina plunged 9.5% in July compared to the same month a year ago accumulating in seven months a descent of 8.8%, according to an official report from the Argentine Industrial Union, UIA.

• Thursday, September 10th 2009 - 05:03 UTC

  Greenspan predicts another financial crisis “but different”

  

  The world will suffer another financial crisis, former Federal Reserve chief Alan Greenspan has told the BBC. “The crisis will happen again but it will be different,” he told BBC Two's The Love of Money series.

• Thursday, September 10th 2009 - 04:57 UTC

  Paraguay soy bean exports plunge 46% in eight months of 2009

  

  Paraguay soy bean exports have plummeted during the first eight months of the year according to official data released Wednesday in Asunción.

• Wednesday, September 9th 2009 - 10:41 UTC

  Chilean wheat farmers squeezed by falling prices and rising costs

  

  Just two years after wheat prices registered record highs, Chilean producers are finding themselves squeezed between rising costs and cheap imports.