Economy

Tuesday, March 18th 2008 - 21:00 UTC
Argentine farmers sixth day of protest, and more next week

The stand off between the Argentine government and striking farmers who are protesting against export taxes on grains, beef and dairy produce has yet to see effective signals of a cooling of the situation or the possibility of a dialogue.
Tuesday, March 18th 2008 - 21:00 UTC
Fed cuts rates to 2.25% and Paulson denies recession

The Federal Reserve cut US interest rates sharply (0.75%) in an attempt to restore confidence to nervous financial markets and boost the ailing economy. However the cut was smaller than markets expected and the rate now stands at 2.25% (down from 3%), almost at inflation level.
Monday, March 17th 2008 - 21:00 UTC
Fed takes new steps to ease crisis

Worry about the damage a growing credit crisis is inflicting on an ailing U.S. economy led the Federal Reserve to make a rare weekend move, lowering a key lending rate before Wall Street opened Monday.
Friday, March 14th 2008 - 21:00 UTC
Estimates of record crop and revenue for Brazilian farmers

Brazilian farmers are set to receive a record 85 billion US dollars this year riding on high commodity prices and a bigger crop. This represents a 14.4% increase over the previous year in real value, according to the latest data from the Brazilian Ministry of Agriculture and Livestock.
Friday, March 14th 2008 - 21:00 UTC
Fed bails out leading Wall Street bank: who's next?

One of the United States leading investment banks, Bear Stearns received on Friday emergency funding, in a move that raises fears that one of Wall Street's biggest names is on the verge of collapsing.
Friday, March 14th 2008 - 21:00 UTC
Argentine grain, beef farmers extend protest; diary joins

Argentine farmers protesting higher grain and oilseeds export taxes have decided to extend their two days strike until next Wednesday because there has been “no signals or reply from the government” to their request to meeting authorities. Dairy farmers announced they were joining the strike.
Thursday, March 13th 2008 - 21:00 UTC
Brazilian package to boost exports and prop the ailing dollar

Brazil levied a new tax on foreign capital and announced tax breaks for exporters Wednesday in an effort to slow the Brazilian Real's gains against the US dollar which has appreciated 62% against the greenback in three years.
Thursday, March 13th 2008 - 21:00 UTC
Fears of overheating as Brazilian economy grows 5.4% in 2007

Brazil's economy expanded a greater-than-expected 6.2% in the fourth quarter, the fastest year-on-year quarterly expansion since June 2004, helping the overall 2007 expansion to reach 5.4%, boosted by consumer spending and business investment.
Thursday, March 13th 2008 - 21:00 UTC
Fifth year running Argentine economy grows above 8%

Argentina's GDP expanded 8.7% in 2007, after having grown 9.1% in the fourth quarter, up 1.9% from the previous quarter announced Thursday in Buenos Aires the country's Statistics and Census Office, Indec.
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.