Argentines expect 20% inflation in the next year, double the official rate and consumer confidence has shed 21% after hitting an all-time high in January, according to a survey done this month by Torcuato Di Tella University.
Australian wool broker Lanoc Wool has recently initiated a 'transition to organics' course with the help of TM Organics and a group of ten woolgrowers who collectively produce around 3000 bales per annum.
The United Kingdom remains vulnerable to further fallout from the recent credit crunch that has gripped world markets, a Bank of England report warns. BoE said British sub-prime borrowers could encounter problems obtaining credit because banks faced higher borrowing costs.
China's booming economy has grown by 11.5 percent in the third quarter, slightly less that the 11.9% of the previous quarter. Beijing efforts to slow the rapid expansion. The continued growth has put China on track to surpass Germany as the world's third largest economy, by as early as December.
The Finnish-Swedish forest products group Stora Enso reported Thursday a third quarter loss and announced plans to cut production by closing mills in Finland and Sweden which will mean the loss of 1.700 jobs.
It's electoral time and Argentina's government spending has reached a 24% of GDP, which is considered a record and several points ahead of the vilified administration of former president Carlos Menem, 21% at its peak, and who has been blamed for much of Argentina's recent shortcomings, points out the Buenos Aires press.
Financial investors feel disappointed with President Nestor Kirchner's administration and are demanding fiscal and monetary policies corrections to dominate inflation and ensure sustained growth before they begin to consider putting money into Argentina's sovereign bonds at reasonable rates.
The official opening of the Bank of the South, a development-promotion financial institution with the support of most South American countries has been delayed until December 5, announced Venezuela's Foreign Affairs minister Nicolas Maduro.
China last August became the world's leading exporter overtaking Germany, according to information from the World Trade Organization. China's exports totaled 111.4 billion US dollars and the until that moment leader, 105.8 billion.
Ireland and Spain face a prolonged slowdown in economic growth because of a drop in construction activity and consumer sentiment which have begun to have an impact on labor markets and weakens public finances according to the US risk ratings agency Standard & Poor's.