Economy

Monday, July 28th 2008 - 21:00 UTC
Bush legacy: record deficit surprises for next US president

The next United States president is expected to face a record federal budget deficit of almost half a trillion dollars. The White House is tipped to lift its deficit forecast for 2009 to 490 billion from 407 billion US dollars.
Monday, July 28th 2008 - 21:00 UTC
Lula underlines good performance of the Brazilian economy

Brazilian president Lula da Silva underscored the good indicators of the Brazilian economy in spite of the world crisis and soaring food prices and said his administration's policy is to increase production to combat inflation.
Monday, July 28th 2008 - 21:00 UTC
Former Argentine economy minister admits errors

Argentine former Economy minister Martín Lousteau spoke to the press about his brief period in office for the first time and while maintaining his continued faith in President Cristina Fernández de Kirchner, made some criticisms of the national government and called for the removal of Domestic Commerce Secretary Guillermo Moreno, who he described as “unerringly inefficient” and with whom he admitted having had a significant conflict.
Monday, July 28th 2008 - 21:00 UTC
Electronic money transfer service to help Latam migrants

Chile, Spain and Uruguay launched on Monday a new electronic money transfer service which links their countries, using technology developed by the United Nations Universal Postal Union (UPU).
Monday, July 28th 2008 - 21:00 UTC
Mexico and Brazil risk ratings down, Argentina's climbing

Mexico and Brazil risk ratings dropped six and nine points respectively while Argentina's climbed ten, according to the EMBI index from the US JP Morgan bank reported on Monday the Mexican Finance ministry.
Sunday, July 27th 2008 - 21:00 UTC
Raul Castro marks anniversary with austerity warnings

Cuban President Raul Castro has warned that Cubans must be prepared for the consequences of the current global economic crisis.
Sunday, July 27th 2008 - 21:00 UTC
Main trade nations agree to save Doha negotiations

The current ministerial summit in the framework of the WTO Doha Round of world trade talks has been extended until Wednesday in an effort to save the negotiations from collapse.
Saturday, July 26th 2008 - 21:00 UTC
Housing rescue bill, passed on Saturday, waits for Bush stamp

Congress passed a housing rescue bill Saturday aimed at sparing 400,000 struggling homeowners from foreclosure. President Bush is expected to sign the measure quickly.
Friday, July 25th 2008 - 21:00 UTC
Housing rescue bill moves swiftly in US Congress

United States House of Representatives passed on Thursday a massive housing rescue bill that could help struggling homeowners get cheaper loans. The vote came after the White House announced that President George Bush had dropped his threat to veto it.

The bill will now be passed to the Senate for approval before being signed into law.
Friday, July 25th 2008 - 21:00 UTC
Argentine farm row impacts strongly on industrial activity

Industrial activity in Argentina during the month of June expanded 1.8% compared to the same month a year ago but dropped 4% against May as a consequence of the prolonged stand off between farmers and the administration of President Cristina Fernandez de Kirchner.