Economy

Wednesday, March 12th 2008 - 21:00 UTC
Central banks try again to roof-patch housing-credit crunch

The world's largest central banks have launched their latest coordinated action to calm jittery credit markets. The US Federal Reserve, the European Central Bank and central banks in the UK, Canada and Switzerland will inject billions of dollars into money markets.
Wednesday, March 12th 2008 - 21:00 UTC
Argentina: grain and oilseeds export levies become permanent

Argentina hiked export taxes on soy and sunflower seed products by between seven and nine percentage points and decreased levies on corn and wheat exports by one point to expand supplies of key food staples in the domestic market.
Tuesday, March 11th 2008 - 21:00 UTC
Subtle message from strong Euro Trichet to Federal Reserve

European Central Bank President Jean Claude Trichet said he's “concerned” about the Euro appreciation after the currency kept hovering on record rates against the US dollar. It's the first time Trichet has specifically expressed worry about the Euro vis-ÃÂ -vis other currencies since November.
Tuesday, March 11th 2008 - 21:00 UTC
Mercosur leading role in China's increased beef imports

The United States Foreign Agricultural Service forecasts China's 2008 beef imports to increase nearly four-fold to 30.000 tons boosted by strong domestic demand and the Olympic Games peak next August and an overall domestic short supply.
Tuesday, March 11th 2008 - 21:00 UTC
Argentine mining industry angry with change of rules

Argentina's mineral exports in 2007 fell 9.6% on the year in terms of volume but rose 22.2% in terms of value, according to a report from IES Consultores published in the Buenos Aires press. Exports last year were valued at 2.8 billion US dollars, with copper making up 62.6% of shipments, IES said.
Tuesday, March 11th 2008 - 21:00 UTC
In Olympic year China's inflation seems set for a record

China's consumer prices index jumped in February to an 11-year high of 8.7%, presenting Beijing's leaders with a big economic headache in the run-up to the Olympic Games. Twelve months inflation in January was 7.1% and economists had expected a February figure in the range of 8 percent.
Tuesday, March 11th 2008 - 21:00 UTC
UN warns on food prices and calls for production boost

In the wake of world food prices leaping almost 40% last year, the United Nations agricultural agency is calling on governments and businesses to boost production through investment.
Friday, March 7th 2008 - 21:00 UTC
Record peak of US home foreclosures in fourth quarter 2007

The number of US home foreclosures, and the rate of homes entering the process, reached record highs in the fourth quarter of 2007, according to the US Mortgage Bankers Association.
Friday, March 7th 2008 - 21:00 UTC
EU 9 million Euros, in 6 years, funding for Gibraltar

Gibraltar will benefit from over 9 million Euros in EU funding over the next six years to invest in projects aimed at fostering sustainable and diversified economic growth reports the Gibraltar Chronicle.
Friday, March 7th 2008 - 21:00 UTC
Brazilian officials optimistic in spite of US recession

Brazil economy grew more than 5% in 2007 on high global demand for agricultural products, ethanol and iron ore and a booming domestic market, Finance Minister Guido Mantega said Friday in a press conference.