Economy

Thursday, August 28th 2008 - 21:00 UTC
US economy surprise: 3.3% expansion in second quarter

The US economy grew at a revised 3.3% annually in the second quarter of 2008, said on Thursday the Commerce Department, much higher than the original estimate of 1.9%.
Thursday, August 28th 2008 - 21:00 UTC
Argentine Central Bank boasts having cut run on deposits

The Argentine Central Bank president Martin Redrado said that “there's no floor on sight for the international financial markets crisis”, but in recent months “for the first time in decades, Argentina managed to stop a run on the bank's reserves”.
Thursday, August 28th 2008 - 21:00 UTC
Positive but cautious UN report on regional economy

Latin America and the Caribbean have posted positive economic gains for the sixth year in a row, despite the global downturn, with gross domestic product (GDP) rising nearly 5% this year, according to the most recent estimates of the United Nations office in the region.
Thursday, August 28th 2008 - 21:00 UTC
Argentina will meet debt obligations, says cabinet chief

Argentina will meet all its debt obligations in 2008 and 2009, said Cabinet chief Sergio Massa addressing investor concerns that political tensions could reduce its budget surplus and slow its debt payments.
Thursday, August 28th 2008 - 21:00 UTC
Current policies could force Argentina to import beef by 2012

Argentina could be forced to import beef by 2012 if current policies are not modified, but current tonnage could increase by 50% if rules are changed, warned the Argentine Regional Consortia of Agriculture Research, Aacrea.
Wednesday, August 27th 2008 - 21:00 UTC
Argentine inflation running at an annualized 28/30%

Accumulated inflation in Argentina over the last 12 months by the end of July was 28%, with food prices having risen 39% in that period and index-linking already beginning to take place, according to economist Carlos Melconian.
Tuesday, August 26th 2008 - 21:00 UTC
Australia extends China, Rio Tinto “aluminum medal”

Australia has backed Chinese aluminum giant Chinalco's recent purchase of an 11% stake in Anglo-Australian mining giant Rio Tinto.
Tuesday, August 26th 2008 - 21:00 UTC
Spanish pulp group admits deforesting “error” in Uruguay

Uruguay suspended a Spanish pulp mill forestry plans following the discovery the group had cleared hectares of natural forest to have it replaced by eucalyptus. An investigation will determine the fine and reparation work the ENCE group will have to undertake.
Tuesday, August 26th 2008 - 21:00 UTC
Argentine wheat crop forecasted to drop steeply

Wheat production in Argentina will suffer a steep decline because of the government' inefficient agriculture policies claimed the leader of one of the country's main farmers' organizations.
Tuesday, August 26th 2008 - 21:00 UTC
US median household income: USD 50.233; poverty 12.5%

Real median household income in the United States climbed 1.3% between 2006 and 2007, reaching 50,233 US dollars according to a report released Tuesday by the US Census Bureau. This is the third annual increase in real median household income.