Economy

Saturday, November 8th 2008 - 20:00 UTC
Jobless in Argentina down, but unions think differently

Unemployment in Argentina dropped 0.2 points in the third quarter of this year and stood at 7.8%, President Cristina Fernández de Kirchner revealed this week during a visit to a factory in Buenos Aires province
Saturday, November 8th 2008 - 20:00 UTC
Economics Nobel Prize Stiglitz and the “next Bretton Woods”

The world is sinking into a major global slowdown, likely to be the worst in a quarter-century, perhaps since the Great Depression. This crisis was “made in America,” in more than one sense.
Saturday, November 8th 2008 - 20:00 UTC
Difficult choices for Falklands' “strained” public finances

THE strain on Falkland Islands' public finances is “greater than at any time since the commencement of fisheries licensing in 1986”.
Friday, November 7th 2008 - 20:00 UTC
UK historic Worcester & Spode has gone into administration

An historic British china manufacturer: Midlands-based Royal Worcester & Spode Ltd, which dates back to 1751, employs 388 people in the UK at sites in Stoke-on-Trent, Lymedale and Worcester has gone into administration.
Thursday, November 6th 2008 - 20:00 UTC
Uruguay's exports up 31% but beginning to slowdown

In spite of a record year in export value, Uruguay's overseas sales are beginning to feel the international pinch from a weaker demand and lower prices for commodities according to the release of the latest statistics.
Thursday, November 6th 2008 - 20:00 UTC
Chile's October inflation, the highest since 2002, 0.9%

October consumer prices in Chile increased 0.9%, accumulating 8.5% in ten months and 9.9% in the last twelve months according to the latest release from the country's Statistics Institute, INE. October's increase is the highest for the month since 2002.
Thursday, November 6th 2008 - 20:00 UTC
Unemployment in Spain soars to 12 year high, 11.3%

The number of unemployed people in Spain in October reached a 12-year high of 11.3%, according to the Labour Ministry, the highest level in Europe.
Thursday, November 6th 2008 - 20:00 UTC
Ten month retail inflation in Uruguay reaches 7.98%

Lower prices for food and beverage were not enough to impede Uruguay's October consumer price index from increasing 0.33% pushed by a stronger US dollar and weaker local currency.
Thursday, November 6th 2008 - 20:00 UTC
PM Brown tells banks lower rates must benefit consumers

The Bank of England slashed interest rates to a 53-year low in a dramatic attempt to rescue the UK economy from deep recession. The 1.5 percentage points cut by the Bank's Monetary Policy Committee (MPC) on Thursday is the biggest single move since March 1981 and brings rates to levels not seen since 1955.
Thursday, November 6th 2008 - 20:00 UTC
ECB admits further rate cuts; claims of “too little, too late”

The European Central Bank cut interest rates by 50 basis points to 3.25% on Thursday and signalled another reduction was possible next month, as inflation pressures ease and the Euro zone faces its first recession.