Economy

• Saturday, June 28th 2008 - 21:00 UTC

  Member countries integrate 10 billion USD to the S. Bank

  

  The South American country founders of the South (Development) Bank decided to integrate ten billion US dollar in capital to the budding institution out of an authorized total of 20 billion.

• Saturday, June 28th 2008 - 21:00 UTC

  Brazilian inflation at its fastest pace in over five years

  

  Brazil's monthly inflation accelerated to its fastest pace in more than five years on rising wholesale prices for manufacturers. The IGP-M price index, Brazil's broadest measure of consumer, construction and wholesale prices, rose 1.98% in June, up from a 1.61% surge in May, according to the Getulio Vargas Foundation.

• Saturday, June 28th 2008 - 21:00 UTC

  Paraguay headed for a record beef export year: 600 million USD

  Paraguayan beef exports are scheduled to break all records reaching over 600 US dollars which represents a 25% jump over 2007 according to an article published in the country's “ABC Color”.

• Friday, June 27th 2008 - 21:00 UTC

  Argentina's total foreign debt reaches 127 billion

  Argentina reported that its total foreign debt stood at 127 billion US dollars in the first quarter of the year, continuing to rise higher than when the country negotiated a record debt swap in 2005.

• Thursday, June 26th 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.

• Wednesday, June 25th 2008 - 21:00 UTC

  More bad news for United States economy

  US consumer confidence has fallen to its lowest level in 16 years while US home prices fell in April at the fastest rate in years, two economic reports have said.

• Wednesday, June 25th 2008 - 21:00 UTC

  Euro zone rate rise next July, but will it be an only time?

  The European Central Bank president Jean-Claude Trichet said that the ECB remains in “full alert” because of the continued inflation in the Euro zone and suggested that a rate hike, next July 3 “is possible”. However he emphasised that this would not signal the first step for a ladder of rate hikes.

• Wednesday, June 25th 2008 - 21:00 UTC

  WTO plans final push for Doha round talks next July 21

  World Trade Organization (WTO) Director-General Pascal Lamy called on Wednesday for a group of ministers from thirty main countries to meet from July 21 to push the Doha round of global free trade talks toward conclusion, diplomats said.

• Wednesday, June 25th 2008 - 21:00 UTC

  US Federal Reserve leaves interest rate unchanged at 2%

  

  In a move which did not surprise, the US Federal Reserve on Wednesday kept interest rates unchanged at 2%. In its usual release following the two day meeting the Open Market Committee said that “recent information indicates that overall economic activity continues to expand, partly reflecting some firming in household spending”.

• Wednesday, June 25th 2008 - 21:00 UTC

  Talented workforce becoming growingly borderless and global

  

  Manpower Inc. released this week the results of its Borderless Workforce survey of nearly 28.000 employers across 27 countries and territories revealing that 31% of employers worldwide are concerned about the impact on the labor market from talent leaving their country to work abroad