Economy

Thursday, November 15th 2007 - 20:00 UTC
Fed promises more regular information and less secrecy

The US Federal Reserve will make four economic forecasts each year, up from the current two, which will include more information on overall inflation projections, chairman Ben Bernanke said Wednesday.
Thursday, November 15th 2007 - 20:00 UTC
Beijing confirms US dollar as the leading global currency

The US dollar will remain the main currency for China's massive foreign reserves despite earlier suggestions that the weakening greenback weighed too heavily, a senior Chinese central bank official said here Wednesday.
Thursday, November 15th 2007 - 20:00 UTC
Warning on US/EU interest rate gap and fund flows

The US dollar's weakness has benefits for global imbalances, but fund inflows to the United States could shrink if the gap between U.S. and Euro-zone interest rates reverses, warned Bank of Japan board member Atsushi Mizuno.
Thursday, November 15th 2007 - 20:00 UTC
Lack of gas plunges economic activity in Punta Arenas 22.2%

Argentina's natural gas supply restrictions to the Chilean extreme south region of Magallanes forced a drastic collapse of economic activity and exports, during the third quarter according to official data from the Santiago Statistics Office, INE.
Wednesday, November 14th 2007 - 20:00 UTC
US economy cooling with October budget deficit, 55.6 billion

US retail sales and producer price figures have pointed to a weakening of demand in the world's largest economy. The first month of the 2008 federal budget showed a 55.6 billion US dollars deficit.
Tuesday, November 13th 2007 - 20:00 UTC
Bank of the South charter to be signed in Buenos Aires

The foundation charter of the regional development Bank of the South will take place in Buenos Aires on December 9 and will be signed by the presidents from Argentina, Brazil, Bolivia, Ecuador, Paraguay, Uruguay and Venezuela, confirmed Ecuadorian president Rafael Correa.
Tuesday, November 13th 2007 - 20:00 UTC
Stiglitz warns about the Bush years' economy legacy

United States president George W Bush will leave his successor a country in debt up to its ears, a depressed dollar as never seen before and a nation with a class structure closer to that of Mexico or Brazil, according to Nobel laureate Joseph Stiglitz in an article published in the December edition of Vanity Fair.
Tuesday, November 13th 2007 - 20:00 UTC
Chile supports existing multilateral financial institutions

Chile's government ratified its purchase of 50 million US dollars in shares from Corporacion Andina de Fomento, the Andean region development agency known as CAF, El Mercurio reported.
Tuesday, November 13th 2007 - 20:00 UTC
October food prices in China soar 17.6% in twelve months

China's consumer prices rose sharply in October reaching a decade-high monthly inflation rate of 6.5% adding to pressure for measures to cool the politically sensitive continuous surge in food prices.
Tuesday, November 13th 2007 - 20:00 UTC
Growing rift among developing countries on global trade talks

Developing countries are deeply divided about how to advance on global trade talks and few ministers will attend a meeting this week meant to show their unity.