Brazilian President Lula da Silva said on Tuesday in Italy he did not expect major results from the meeting of 20 nations in Washington to discuss the global financial crisis on November 15, but it's a promising start.
China's trade surplus rose to 35.2 billion US dollars in October, hitting a record for a third month in a row, data shows. The surplus rose 20% from September's 29.36 billion high, according to data from the Customs Department in Beijing.
Russia and Venezuela have signed 15 co-operative agreements in the financial, industrial, mining, aerospace, energy and communications, which include a joint venture with Russian aluminium giant RusAl building a production facility in Venezuela.
The Argentine economy is forecasted to experience in 2009 almost flat growth, inflation above 20%, unemployment closing on two digits and the US dollar in the range of 3.8 to 4 pesos according to the opinion of several economists.
Tax cuts could be used to push the United Kingdom out of recession, Prime Minister Gordon Brown has said, amid mounting speculation they will be included in the upcoming Pre-Budget Report.
Beijing announced Sunday a stimulus package equivalent to 586 billion US dollars in its biggest move to cushion the impact of the global financial crisis hitting the world's fourth-largest economy.
Finance ministers from the Asia-Pacific Economic Cooperation (APEC) grouping pledged to instrument reforms as economies in the region seek to mitigate the impact of global economic crisis.
Unemployment in the United States during October rose to 6.5%, totalling 10 million jobless and the highest rate since March 1994, according to the latest release from the US Labour Department.
The summit of European Union leaders in Brussels on Friday reached a common position on reforming the world financial system, announced French President Nicolas Sarkozy. EU countries agreed on the need to take firm and ambitious operational decisions at the Washington summit on 15 November, Mr Sarkozy told reporters
Brazil's annual inflation rate rose to a three-year high in October as the currency's significant plunge against the US dollar pushed up costs, according to the latest release from the government's statistics and geography office.