Economy

Friday, October 3rd 2008 - 21:00 UTC
Sarkozy denies bail out plan, but EU can't agree on B plan

French President Nicolas Sarkozy distanced himself from a proposed 300 billion Euro European Union-wide bank rescue scheme that has divided EU governments on the eve of a meeting to be held in Paris.
Friday, October 3rd 2008 - 21:00 UTC
Latinamerican markets collapse; Brazil down the most

On the eve of the crucial vote in the US House of Representatives, Latinamerican markets tumbled Thursday dragged by Wall Street (down 3.22%), with Brazil's Bovespa and Argentina's Merval suffering the largest losses.
Friday, October 3rd 2008 - 21:00 UTC
California is asking 7 billion USD from Uncle “Hank” Paulson

California is the latest US state to be feeling economic shockwaves from the financial crisis on Wall Street in the form of budget deficits, dwindling finances and plummeting pension funds.
Friday, October 3rd 2008 - 21:00 UTC
Uruguay's forecasted to end 2008 with one digit inflation

Consumer prices in Uruguay during September increased 0.6%, accumulating 7.63%, in nine months and making the 2008 target of 7% look significantly distant, according to the latest release from the Statistics Office, INE.
Friday, October 3rd 2008 - 21:00 UTC
US economy loosing jobs at fastest rate in five years

The United Status economy lost jobs in September at its fastest pace in more than five years, --with unemployment reaching 6.1%--, and the outlook from economists and surveys is grim despite Congress' emergency action Friday to stabilize the financial system.
Friday, October 3rd 2008 - 21:00 UTC
Brazil ready to inject liquidity from international reserves

Brazil's currency may not strengthen to previous levels because of ongoing global market turmoil and the government may use international reserves to increase liquidity, the finance minister said on Friday.
Thursday, October 2nd 2008 - 21:00 UTC
US Senate approved rescue plan; Friday the main hurdle

The United States Senate approved Wednesday evening a new version of a 700 billion rescue plan for the troubled US financial system. Senators voted 74 to 25 in favor of the emergency legislation designed to stabilize volatile markets and limit further damage to the economy.
Thursday, October 2nd 2008 - 21:00 UTC
Euro interest rate on hold but hints of cut next time

The European Central Bank left interest rates unchanged at 4.25%, resisting pressure for a rate cut. However ECB president Jean Claude Trichet said that a quarter point interest rate cut had been considered, but there had been a unanimous vote against it.
Thursday, October 2nd 2008 - 21:00 UTC
Car sales in US crash: worst September since 1993

United States car sales fell sharply in September, in the latest sign that the continuing problems in the financial sector are starting to hit the general economy.
Thursday, October 2nd 2008 - 21:00 UTC
Argentine lamb and mutton exports 21 m. USD in 8 months

Argentine lamb and mutton exports increased 4% in volume and 21% in US dollars during the first eight months of the year according to the latest release from Senasa, the agro-food sanitary and quality service.