Economy

Wednesday, September 9th 2009 - 10:36 UTC
Tories promise to end Labour’s “gravy train” and cut Parliament expenses

Opposition leader David Cameron has laid down the gauntlet to PM Gordon Brown by pledging to slash pay, perks and costs at Westminster. The Tory leader outlined plans to cut the number of MPs by 10%, reduce ministerial salaries and do away with subsidised food and drink.
Wednesday, September 9th 2009 - 10:17 UTC
Austerity budget ahead for Britain, anticipates Chancellor Darling

The Government will not flinch from the “hard choices on public spending” needed to bring Britain's national deficit back down after the country emerges from recession, Chancellor Alistair Darling has pledged.
Wednesday, September 9th 2009 - 03:11 UTC
Argentina could be short of funds to repay debt by next December

Argentina has admitted it does have sufficient funds to cancel all its debts for the rest of the year and this could be linked to the country’s rapprochement with the International Monetary Fund.
Wednesday, September 9th 2009 - 02:56 UTC
S&P confirms Uruguay’s positive outlook; anticipates “smooth transition”

Standard & Poor's Ratings Services said this week it expects a “smooth transition” regardless of who wins October's presidential election in Uruguay given the country’s track record of prudent economics policies. S&P also confirmed BB- sovereign credit ratings for Uruguay with the outlook “remaining stable”.
Wednesday, September 9th 2009 - 00:18 UTC
Gold price breaks through the symbolic 1.000 US dollars mark

Continuing worries about the stability of the global economy and the rally seen in equity markets continued to spark investment in gold on Tuesday with the price breaking through the symbolic 1,000 US dollars mark and touching a new high for 2009.
Tuesday, September 8th 2009 - 05:59 UTC
IMF warns of “third wave of the crisis”, rising unemployment

Policy action to combat the worst economic crisis since the Great Depression is working, but governments should not relax stimulus measures until recovery takes hold and unemployment levels recede, the head of the International Monetary Fund says.
Tuesday, September 8th 2009 - 05:56 UTC
World central bankers support stronger Indus try supervision and regulation

Central bankers have backed new measures to strengthen supervision of the global banking industry. A meeting of the Bank for International Settlements (BIS), which consists of the world's central banks, pledged to increase bank's capital requirements.
Monday, September 7th 2009 - 14:28 UTC
UK prepares for budget deficit and spending debate

United Kingdom Chancellor Alistair Darling is set to unveil plans within the next few months to halve the Government's spending deficit over four years, his deputy at the Treasury said.
Monday, September 7th 2009 - 14:12 UTC
Cuban government joins the internet sales-auction-exchange business

Cuba’s Housing Institute has created as specific site in the web to facilitate the search and paper-work for people interested in the interchange of homes, reported the broadcasting station Reloj. The sale and purchase of real estate in Cuba is illegal.
Monday, September 7th 2009 - 14:08 UTC
China’s top 500 corporations outperformed the US top 500, says Beijing

Profits of the top 500 Chinese corporations in 2008 exceeded that of their United States counterparts. Gains for the full year in 2008 totalled 1.21 trillion Yuan (177.17 billion US dollars), much more than the 98.9 billion USD from the top 500 US firms in the same period.