Economy

Monday, October 6th 2008 - 21:00 UTC
Refugee numbers increasing by millions warns UN

The world's poor and uprooted people are increasingly at risk as the world struggles with a combination of adverse economic, social and political trends that threaten to trigger even greater displacement in the future, the top United Nations refugee official warned on Monday.
Sunday, October 5th 2008 - 21:00 UTC
Mega yacht with missile shield for Chelsea's Abramovich

The owner of Britain's Chelsea football club, Roman Abramovich, is having a new £200m mega-yacht built, complete with a missile detection system to protect him against pirates and terrorists, reports The Times.
Saturday, October 4th 2008 - 21:00 UTC
Europe agrees on “flexible” targets but no US bail-out plan

Europe's biggest economies agreed on Saturday to work together to support financial institutions, but without forming a joint bail-out fund. French President Nicolas Sarkozy hosted the meeting of the leaders of Britain, Germany and Italy in Paris.
Saturday, October 4th 2008 - 21:00 UTC
Australia clears way for Billiton takeover of Rio Tinto

BHP Billiton proposed 114 billion US dollars hostile bid for rival mining giant Rio Tinto has been cleared by Australia's competition watchdog.
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.