Seven out of ten Argentines don't believe in the official inflation index from the country's controversial statistics office and trust private estimates, according to a public opinion poll released this week in Buenos Aires.
China is considering a stimulus package spending anywhere between the equivalent of 29 and 58 billion US dollars to stimulate the economy and may ease monetary policy towards the end of the year, according to JPMorgan Chase & Co.
The global financial crisis is set to get worse, with a large US bank likely to collapse in the next few months, a former IMF chief economist warned on Tuesday. Kenneth Rogoff's comments came as shares in Fannie Mae and Freddie Mac sank on a report that the home lenders would, in effect, be nationalized.
Russia's fifth richest man has denied reports originally from the French press that he has bought the world's most expensive home. (Nickel King) Mikhail Prokhorov worth about 22 billion US dollars said he was not the mystery buyer of the southern France property.
The Villa Leopolda in Villefranche-sur-Mer, on the CÃ'te d'Azur, sold for 496m euros ($730m; £392m).
BHP Billiton Ltd. which is the world's largest mining company has reported a record annual net profit for the year ended June 30 of 15.39 billion US dollars, up 14.7% from the 13.42 billion of the previous year.
The trade deficit of the 15-nation Euro zone shrank sharply in June to 101 million Euros, but failed to meet forecasts, according to data released Monday by Eurostat.
New York State's attorney general has threatened to sue Merrill Lynch for misrepresenting certain debt investments as safer than they were. Andrew Cuomo said that legal action against the US bank was imminent after it failed to settle charges of mis-selling with regulators.
During the first seven months of this year Uruguay meat exports totaled 983 million US dollars, 54% higher than the same period in 2007, of which beef represents 84% and lamb 4%, according to the country's Nacional Institute of Meats, INAC.
The Japanese economy contracted by 0.6% between April and June, prompting fears that it is sliding towards recession. Declining exports and consumer demand were behind the fall - the first for more than a year - which came after a rise of 0.8% in the previous quarter.
Russian tycoon Mikhail Prokhorov paid 300 million Euros for a villa in the French Riviera built in 1902, so grand that it takes a reputed 50 gardeners to tend its gardens, according to the Paris daily Le Monde.