Economy

Tuesday, July 28th 2009 - 14:39 UTC
US/China ever more competitors but also inter-dependent

The relationship between United States and China will shape the 21st Century, said President Barack Obama as top officials met Monday in Washington for talks. “Co-operation, not confrontation” was the way forward, he said, with climate change, security and the economy all areas where common ground existed.
Tuesday, July 28th 2009 - 14:35 UTC
British Chancellor warns banks about interest rates

Britain’s Chancellor of the Exchequer Alistair Darling has told bank chiefs that businesses should be given the lowest possible interest rates on borrowing.
Tuesday, July 28th 2009 - 07:10 UTC
Traffic in Panama Canal slowing down, reports administration

The number of vessels passing through the Panama Canal declined by 6.4% during the third quarter of Fiscal Year 2009, according to the waterway’s administration latest report.
Saturday, July 25th 2009 - 11:53 UTC
Argentina and Brazil will address “trade differences” in Sao Paulo

Argentina and Brazil agreed to hold talks next week to address the ongoing trade differences which threaten to sour the bilateral relation. The meeting of Presidents Cristina Fernandez de Kirchner and Lula da Silva was held on the sidelines of the Friday Mercosur summit in Paraguay.
Saturday, July 25th 2009 - 10:42 UTC
Argentina/Brazil postpone local currencies swap to promote bilateral trade

Argentina and Brazil postponed the signing of a 1.8 billion US dollars swap agreement that was supposed to promote bilateral trade amid the global financial crisis. Reasons for the delay were not revealed but the event was rescheduled for August 3.
Saturday, July 25th 2009 - 09:27 UTC
Third of Europeans “very concerned” with potential loss of jobs

A third of European workers are “very concerned” that they could lose their jobs as result of the financial crisis, an EU survey suggests. EU said six in 10 Europeans felt the worst of the economic crisis was to come, and only 28% said it had passed.
Saturday, July 25th 2009 - 07:19 UTC
UK fifth successive quarter of recession in April-June

Hopes of a swift end to the United Kingdom recession were shaken after figures showed a far worse than expected decline of 0.8% in the economy between April and June. The UK's fifth successive quarter of recession was much deeper than the 0.3% forecast, stunning experts and business leaders.
Friday, July 24th 2009 - 14:30 UTC
Mercosur will end 2009 with positive economic activity, say ministers

Mercosur will conclude this year with positive rates of economic activity in spite of the global crisis, although some members such as Paraguay might not be able to contain the downfall and will end in red numbers.
Thursday, July 23rd 2009 - 14:44 UTC
Record fine on world largest brewer: 176 million USD

Brazil's antitrust regulator imposed a record fine of 352 million Reais (approximately 176 million US dollars) Wednesday on beverage giant AmBev. The Cade regulator found that AmBev, brewer of Skol, Brahma and Antarctica beers, used discounts, premiums and exclusivity agreements to dissuade retailers from selling competing brands.
Thursday, July 23rd 2009 - 14:30 UTC
World’s largest meat processor applies for listing in New York market

The United States unit of the world's largest meat processor, Brazilian JBS SA, filed for an initial public offering of up to 2 billion US dollars on Wednesday, making it the largest planned offering in the US IPO pipeline.