Economy

Sunday, August 31st 2008 - 21:00 UTC
Darling backtracks on claim that economic crisis is worst for 60 years

Alistair Darling took to the airwaves to “clarify” his comments in a newspaper interview, saying that he was referring to global economic conditions rather than those in Britain.
Sunday, August 31st 2008 - 21:00 UTC
Chile Bank Voted Unanimously to Raise Rate to 7.75%

Chile's central bank policy makers voted unanimously to increase interest rates at their last meeting by half a percentage point for the third straight month.
Saturday, August 30th 2008 - 21:00 UTC
Japan unveils ambitious stimulus plan and tax breaks

The Japanese government unveiled on Friday a policy package worth about 107 billion US dollars in an effort to stimulate the country's faltering economy by easing the negative impact from rising energy and raw material costs.
Saturday, August 30th 2008 - 21:00 UTC
Food prices set to keep rising forecasts head of FAO

Current falls in commodity and food prices could be temporary and have not reduced concerns over their impact on developing nations, the head of the United Nations' Food and Agriculture Organisation (FAO) said on Friday.
Saturday, August 30th 2008 - 21:00 UTC
Euro zone inflation eases but economic confidence is down

Separate figures have shown as easing of inflation in the Euro zone, but a fall in economic confidence. An initial estimate from EU statistics agency Eurostat showed that the annual rate of inflation eased in August to 3.8% from a record 4% in July as oil prices cooled.
Friday, August 29th 2008 - 21:00 UTC
Land Rover imposes four day week to cut production

Land Rover has announced plans to cut production at its Solihull plant in England, including the introduction of a four-day week on some lines. Discoveries and Land Rover Sport models will no longer be manufactured on Fridays
Thursday, August 28th 2008 - 21:00 UTC
Standard Chartered opens representation office in Santiago

Britain's Standard Chartered Bank has been authorized to open a representation office in Chile, according to an official release from the country's banking regulator, Superintendencia de Bancos e Instituciones Financieras, SBIF
Thursday, August 28th 2008 - 21:00 UTC
US economy surprise: 3.3% expansion in second quarter

The US economy grew at a revised 3.3% annually in the second quarter of 2008, said on Thursday the Commerce Department, much higher than the original estimate of 1.9%.
Thursday, August 28th 2008 - 21:00 UTC
Argentine Central Bank boasts having cut run on deposits

The Argentine Central Bank president Martin Redrado said that “there's no floor on sight for the international financial markets crisis”, but in recent months “for the first time in decades, Argentina managed to stop a run on the bank's reserves”.
Thursday, August 28th 2008 - 21:00 UTC
Positive but cautious UN report on regional economy

Latin America and the Caribbean have posted positive economic gains for the sixth year in a row, despite the global downturn, with gross domestic product (GDP) rising nearly 5% this year, according to the most recent estimates of the United Nations office in the region.