Economy

Tuesday, January 29th 2008 - 20:00 UTC
London summit to address banking and financial turmoil

Leaders of the United Kingdom, France, Germany and Italy plus the European Commission meet in London Tuesday to discuss how to respond to recent turmoil on global financial markets and greater calls for banking transparency.
Tuesday, January 29th 2008 - 20:00 UTC
2.5 million UK households are “working wealthy”

Almost 10% percent of the United Kingdom population can be regarded as wealthy, according to the 2008 Wealth Review of insurer Hiscox Ltd. This translated into 2.5 million households, Hiscox said.
Tuesday, January 29th 2008 - 20:00 UTC
Amid energy disarray China anticipates a “most difficult year”

Chinese Premier Wen Jiabao warned over the weekend that 2008 will be a “most difficult year” for the country's economy as a result of global uncertainty and domestic problems, reported on Monday China's Broadcasting Corporation.
Tuesday, January 29th 2008 - 20:00 UTC
Speculation over Fed rate cuts spurs Wall Street and Latam

Shares in Wall Street gained ground at last moment trading on expectations of further interest rates cuts this week when the Federal Reserve meets on Wednesday to consider steps to help prop the US economy.
Tuesday, January 29th 2008 - 20:00 UTC
IMF: significant global slowdown but no recession

Stormed by recent financial market turbulence and a weakening U.S. performance, world growth is projected to slow to 4.1% in 2008, down from an estimated 4.9% last year, the IMF said in its quarterly update for the global economy.
Tuesday, January 29th 2008 - 20:00 UTC
Unemployment in Santiago is up, first time since 2005

Unemployment in Chile's capital Santiago reached 8.9% in December 2007, according to a report compiled by the Department of Economy at the University of Chile.
Monday, January 28th 2008 - 20:00 UTC
Doha Round ministers hoping for an Easter miracle in gloomy 08

World Trade Organization members are hoping to agree on the most challenging chapters of the stalled Doha round of trade talks next Easter said the Swiss economy minister in Davos during the closing meetings of the economic forum.
Monday, January 28th 2008 - 20:00 UTC
Montevideo, Santiago and Buenos Aires best cities in Latam

Vancouver is the world's best place to live, a survey by the Economist Intelligence Unit (EIU) has found. In Latinamerica although no city manages “ideal living conditions”, Montevideo in Uruguay, Santiago in Chile and Buenos Aires in Argentina offer the region's best conditions.
Monday, January 28th 2008 - 20:00 UTC
Regional committees downgrade Latam growth prospects

The United Nations Economic Committee for Latinamerica and the Caribbean, Cepal and the Andean Promotion Corporation, CAF downgraded their prospects for the region's growth this year fearing the impact of a recession in United States.
Sunday, January 27th 2008 - 20:00 UTC
IMF suggests more regulation to address financial imbalances

International Monetary Fund Director General Dominique Strauss-Kahn called for a serious “response” to the risk of a United States recession and encouraged fiscal stimulus programs in some countries warning that monetary policy “is not enough”. He also supported more multilateral regulation.