Economy

Saturday, October 25th 2008 - 20:00 UTC
Mexico injected 13 billion USD in 2 weeks to support the Peso

The Mexican peso ended trading on Friday at 13.70 to the US dollar after having fallen to a record 14.50. The Mexican central bank supported the currency with 1.1 billion US dollars.
Friday, October 24th 2008 - 20:00 UTC
Long term future of rural Falklands under scrutiny

The long term future of rural Falklands has been placed in the hands of its small population.
Thursday, October 23rd 2008 - 20:00 UTC
Venezuela's budget based on petroleum at 60 USD a barrel

Venezuela's budget is forecasting 15% inflation and is based assuming oil prices of 60 US dollars per barrel next year, Finance Minister Ali Rodriguez told the National Assembly this week.
Thursday, October 23rd 2008 - 20:00 UTC
Global recession fears have Latam markets on free fall

Latinamerican markets plunged on Wednesday on fears of consequences from Argentina's plan to nationalize retirement funds spread to the region increasing risks of an already highly volatile global situation.
Thursday, October 23rd 2008 - 20:00 UTC
Argentine contagion helps Madrid market plummet 8%

Shares in Spanish companies with investments in Argentina slumped on the Madrid bourse on Wednesday after proposals to nationalize the country's pension funds were announced.
Thursday, October 23rd 2008 - 20:00 UTC
Ban Ki-moon to discuss global crisis with economists

Secretary-General Ban Ki-moon will meet with a group of eminent economists tomorrow as part of his evaluation of the impact of the global financial crisis on United Nations efforts to achieve the anti-poverty targets known as the Millennium Development Goals (MDGs)
Thursday, October 23rd 2008 - 20:00 UTC
PM Brown admits the “r-word” is round the corner

Prime Minister Gordon Brown finally admitted that Britain is likely to suffer a recession - hours after a similar warning from the Bank of England sent the value of the pound plunging to a five-year low.
Thursday, October 23rd 2008 - 20:00 UTC
The dark side of Brazil's “brotherly” policy in the region

Brazil has sent a strong message to those (restless) neighbours that could “threaten the country”, according to reports in the Sao Paulo press.
Thursday, October 23rd 2008 - 20:00 UTC
Greenspan “mea culpa” and financial crisis before Congress

Former United States Federal Reserve chairman Alan Greenspan confessed on Thursday that he had made “mistakes” in championing the light-touch US financial regulatory system, which led to what he admitted had become a “once-in-a-century credit tsunami”.
Thursday, October 23rd 2008 - 20:00 UTC
A 50 billion USD package to support Brazilian currency

Brazil's central bank said Wednesday it would pump the equivalent of 50 billion US dollars into currency markets to stem a two-month tumble in the Real that is threatening companies and stoked inflation.