Economy

Wednesday, July 2nd 2008 - 21:00 UTC
Dow Jones down 20% from Oct. peak; GM lowest since 1954

The Dow Jones Industrial Average closed more than 20% below its October 2007 peak on Wednesday, meaning it is officially a bear market. The blue-chip index fell 166.8 points or 1.46% to 11,215.5, which is 21.0% below its 14,198.1 close on 11 October.
Tuesday, July 1st 2008 - 21:00 UTC
What's wrong with a stringy carrot or wobbly melon?

The EU farm chief called for the comeback of the curvy cucumber and other odd-shaped produce sold in shops as part of proposals to ease market restrictions on fruit and vegetables amid rising food prices.
Tuesday, July 1st 2008 - 21:00 UTC
Record EU inflation in June, 4%; ECB ready to hike rate

Annual inflation in the Euro zone hit a record 4% in June, the EU statistics agency Eurostat said Monday, adding pressure on the European Central Bank to raise borrowing costs even as the economy slows.
Tuesday, July 1st 2008 - 21:00 UTC
Argentine economy “is doing fine and prospects are good”

Argentine Economy minister Carlos Fernandez denied on Monday a slowdown of activity and insisted that the “economy of Argentina is doing fine”, adding that “prospects are good”.
Tuesday, July 1st 2008 - 21:00 UTC
Sarkozy: “Something isn't right” with the European Union

French President Nicolas Sarkozy said on Monday “something isn't right” with the European Union, as France took over the rotating presidency of the bloc. Speaking on national French TV, Mr Sarkozy warned that Europe's citizens were losing faith in the project.
Tuesday, July 1st 2008 - 21:00 UTC
EU resumes beef imports from Brazil, Argentina, Paraguay

The European Union will allow imports of fresh meat from more areas of Brazil, Argentina and Paraguay after EU food experts said the bloc's health regulations had been met
Tuesday, July 1st 2008 - 21:00 UTC
Argentine economy moving into an “agro-cooling” period

The Argentine economy will be exposed to an “agro-cooling” period, according to market analysts quoted by the Buenos Aires press. This neologism in practical terms translates into a significant slowing down of the economy as a consequence of the current stand off between farmers and the President Cristina Fernandez de Kirchner administration.
Monday, June 30th 2008 - 21:00 UTC
Falkland Islands Government's 10 Year at the Royal Show

The Falkland Islands Government is exhibiting at the Royal Show this year, marking the tenth occasion of its attendance at the event at Stoneleigh Park, Warwickshire, from 3-6 July.
Monday, June 30th 2008 - 21:00 UTC
Chile's 24 business conglomerates aim at becoming global

In its June 27 edition Chile business magazine Qué pasa published for the second year in a row a list of the country's 24 most prominent business conglomerates, revealing the Luksic, Falabella and Angelini groups the leading three.
Monday, June 30th 2008 - 21:00 UTC
Chinese agriculture seriously affected by Sichuan earthquake

Last month's earthquake in Sichuan, China, has caused some 6 billion US dollars in damage to the province's agricultural sector, severely affecting over 30 million people in rural communities, the United Nations Food and Agriculture Organization (FAO) said on Monday.