Economy

Wednesday, February 13th 2008 - 20:00 UTC
Argentina/Venezuela agree to exchange beef-flour for oil

Venezuela and Argentina agreed Tuesday to exchange food for energy thus helping to overcome both countries' weak points following a high level meeting in Caracas. Argentina is to supply 1.000 tons of beef monthly and Venezuela will provide all the crude needed to ensure Argentina's “human and industrial development”.
Wednesday, February 13th 2008 - 20:00 UTC
Emerging economies not immune to slowdown warns IMF

The International Monetary Fund Director General Dominique Strauss-Kahn warned that emerging economies are not immune to a slowdown resulting from the financial crisis in United States and thus must prepare to cope with the negative effects.
Wednesday, February 13th 2008 - 20:00 UTC
Brazil confirms inflation target; January IPCA 0.54%

Brazil's monthly inflation slowed in January for the first time in four months as food prices eased. Consumer prices, IPCA index, rose 0.54% in January, down from a 0.74% jump in December, reported Wednesday the Brazilian Geography and Statistics Institute, IBGE.
Tuesday, February 12th 2008 - 20:00 UTC
Bush optimistic about the US economy; 2.7% growth in 2008

President George Bush said the fundamentals of the U.S. economy are strong, but admitted the country is going through a period of economic uncertainty. However Bush underlined that the 152 billion US dollars stimulus package he will sign into law Wednesday will provide a much needed boost.
Tuesday, February 12th 2008 - 20:00 UTC
Argentina's agro-business contributes with 44% tax revenue

Of every ten pesos of tax revenue collected by the Argentine Treasury, 4.4 pesos originate in the country's agro-business. Fiscal pressure on Argentina's primary production, (cereals, oil seed, meats) plus the industrialization process is in the range of 32%, ten points higher than for the rest of the economy, reports Buenos Aires daily La Nacion.
Tuesday, February 12th 2008 - 20:00 UTC
Global stock market losses in Jan reach 5.2 trillion US dollars

Fears of a global slowdown triggered by US housing market problems wiped 5.2 trillion US dollars off global stock markets in January, analysts estimate. According to ratings firm Standard and Poor's, 50 out of 52 share indexes around the world ended the month lower. (5.2 trillion is equivalent to two GDP of France).
Tuesday, February 12th 2008 - 20:00 UTC
Argentina announces building of second high speed train

A second high speed train for Argentina was announced last week by President Cristiana Fernandez de Kirchner. Three consortia submitted bids to build the Buenos Aires to Mar del Plata high-speed link.
Tuesday, February 12th 2008 - 20:00 UTC
Corporate financing looking to expand in Falklands' fishing

TEN years on from opening their office in Stanley, Falkland Islands, Chartered Accountants Wilkins Kennedy are looking to expand their services.
Monday, February 11th 2008 - 20:00 UTC
Putin: Russia among the world's seven leading economies

Russia is among the seven leading economic powers of the world said Russian president Vladimiar giving his state of the nation address before the State Council for the last time. Putin did a recount of his eight years in office and set Russia's objectives for 2020.
Monday, February 11th 2008 - 20:00 UTC
Yahoo Board Rejects Microsoft's $44.6 Billion Offer

Yahoo! Inc., owner of the second most used Internet search engine, rejected a $44.6 billion takeover offer from Microsoft Corp. as too low, pressuring the world's largest software maker to raise its bid.