Economy

Wednesday, July 23rd 2008 - 21:00 UTC
Bushconomics: “Wall Street got drunk and now has a hangover”

President George W Bush has explained the credit crunch savaging United States financial markets by saying “Wall Street got drunk”.
Tuesday, July 22nd 2008 - 21:00 UTC
US ready to cap farm subsidies at 15 billion USD annually

United States says it is ready to cut its trade-distorting farm subsides to 15 billion US dollars a year in a bid to reach a global trade deal that could help boost the world economy.
Tuesday, July 22nd 2008 - 21:00 UTC
Grain and soy prices yield on US good weather

Wheat, corn and soybean prices eased at the start of the week on news of favorable crop weather in the US and Europe along with Argentina's decision to repeal the export tax hike.
Monday, July 21st 2008 - 21:00 UTC
US Senate accuses European banks of helping tax evaders

A US Senate subcommittee accused banks in Switzerland and Liechtenstein of helping wealthy US citizens commit massive tax evasion, and urged the establishment of tougher laws to combat offshore tax havens around the world.
Monday, July 21st 2008 - 21:00 UTC
Grain export fraud in Argentina estimated in 1.76 billion USD

The Argentine government will claim 1.76 billion US dollars from grain exporters who had registered overseas sales of cereals and oilseeds which they did not hold at the moment in silos or purchase orders, according to the Buenos Aires press.
Monday, July 21st 2008 - 21:00 UTC
Conflicting reports on first day of world trade negotiations

The first day of ministerial negotiations on global trade at this week's meeting in Geneva of the Trade Negotiations Committee harvested conflicting opinions about prospects for an agreement.
Monday, July 21st 2008 - 21:00 UTC
Repeal of latest farm export tax estimated in 1.5 billion USD

The Argentine government decision to repeal the controversial grains and oilseeds sliding export tax system, --which triggered a four month conflict with farmers-- will cost the Treasury an estimated 1.25 to1.5 billion US dollars according to economic experts quoted in the Buenos Aires media.
Sunday, July 20th 2008 - 21:00 UTC
Brazil calls for regional trade to cut US, EU dependency

The presidents of Brazil and Colombia vowed Saturday to boost trade and investment between their nations ahead of crucial world trade talks this week. Brazilian President Lula da Silva urged Colombia and the region to increase trade ties “so we aren't left dependent on a single partner,” such as the US or European Union.
Friday, July 18th 2008 - 21:00 UTC
UN calls for concerted action on food and energy crises

Urgent changes in global agricultural policies are needed to meet the threats of soaring food and energy prices, the United Nations General Assembly President said on Friday.
Friday, July 18th 2008 - 21:00 UTC
Paraguayan economy grows on soy exports and construction

Boosted by agriculture, construction and manufacturing Paraguay's GDP expanded at an annual 7.6% during the first quarter of 2008, according to the latest report from the country's Central Bank. Last year the Paraguayan economy expanded 6.4%.