Economy

Tuesday, February 12th 2008 - 20:00 UTC
Bush optimistic about the US economy; 2.7% growth in 2008

President George Bush said the fundamentals of the U.S. economy are strong, but admitted the country is going through a period of economic uncertainty. However Bush underlined that the 152 billion US dollars stimulus package he will sign into law Wednesday will provide a much needed boost.
Tuesday, February 12th 2008 - 20:00 UTC
Argentina's agro-business contributes with 44% tax revenue

Of every ten pesos of tax revenue collected by the Argentine Treasury, 4.4 pesos originate in the country's agro-business. Fiscal pressure on Argentina's primary production, (cereals, oil seed, meats) plus the industrialization process is in the range of 32%, ten points higher than for the rest of the economy, reports Buenos Aires daily La Nacion.
Tuesday, February 12th 2008 - 20:00 UTC
Global stock market losses in Jan reach 5.2 trillion US dollars

Fears of a global slowdown triggered by US housing market problems wiped 5.2 trillion US dollars off global stock markets in January, analysts estimate. According to ratings firm Standard and Poor's, 50 out of 52 share indexes around the world ended the month lower. (5.2 trillion is equivalent to two GDP of France).
Tuesday, February 12th 2008 - 20:00 UTC
Argentina announces building of second high speed train

A second high speed train for Argentina was announced last week by President Cristiana Fernandez de Kirchner. Three consortia submitted bids to build the Buenos Aires to Mar del Plata high-speed link.
Tuesday, February 12th 2008 - 20:00 UTC
Corporate financing looking to expand in Falklands' fishing

TEN years on from opening their office in Stanley, Falkland Islands, Chartered Accountants Wilkins Kennedy are looking to expand their services.
Monday, February 11th 2008 - 20:00 UTC
Putin: Russia among the world's seven leading economies

Russia is among the seven leading economic powers of the world said Russian president Vladimiar giving his state of the nation address before the State Council for the last time. Putin did a recount of his eight years in office and set Russia's objectives for 2020.
Monday, February 11th 2008 - 20:00 UTC
Yahoo Board Rejects Microsoft's $44.6 Billion Offer

Yahoo! Inc., owner of the second most used Internet search engine, rejected a $44.6 billion takeover offer from Microsoft Corp. as too low, pressuring the world's largest software maker to raise its bid.
Sunday, February 10th 2008 - 20:00 UTC
US dollar continues free fall against Latam currencies

With the exception of Venezuela and Argentina that have government administered exchange rates, in the rest of the main Latinamerican money markets the depreciation of the US dollar continues with no end in the short term according to the latest data.
Sunday, February 10th 2008 - 20:00 UTC
Brazil's industrial output in 2007 second best of decade

Industrial output in Brazil grew last year at its fastest pace since 2004, jumping 6% boosted by domestic demand according to official data. The surge in industrial activity was broad, driven by a sharp increase in the availability of credit allowing Brazilian consumers to buy more cars and home appliances.
Saturday, February 9th 2008 - 20:00 UTC
Argentina's inflation controversy expands; IMF rebutted

Argentina's controversial Statistics and Census institute, Indec, further fueled dispute over the accuracy of official data when it announced that the January consumer price index, CPI, rose 0.9%, the same percentage as November and December and well below reliable private estimates of 2%.