Economy

Wednesday, December 19th 2007 - 20:00 UTC
EU Central Bank ready to pump 348 billion Euro liquidity

The European Central Bank has allocated 348.7 billion Euros, (502 billion US dollars) to banks at a below-market rate in a refinancing move to ease tightened credit markets.
Wednesday, December 19th 2007 - 20:00 UTC
Federal Reserve tough new rules for mortgage lenders

The US Federal Reserve approved Tuesday measures to give mortgage holders far more protection to prevent the current housing crisis from worsening further. Tough new regulations will ensure lenders take into account a borrower's ability to repay a loan and would not penalize those making early repayments.
Wednesday, December 19th 2007 - 20:00 UTC
Mexico and Chile most expensive countries in Latam

Chile is the second most expensive country in Latin America, according to a preliminary report released Monday by the World Bank's International Comparison Program (ICP). Of the 11 Latin American countries included in the study, only Mexico was found to be more expensive than Chile.
Wednesday, December 19th 2007 - 20:00 UTC
Chile rated the most credit-worthy emerging market

Standard & Poor's this week raised its credit rating on Chile by one notch to 'A+', classifying the country as the most credit-worthy emerging market and placing it on a par with Italy.
Wednesday, December 19th 2007 - 20:00 UTC
UN satisfied with results of Bali climate change conference

After the successful conclusion of the landmark United Nations Climate Change Conference in Bali, Indonesia, developed and developing countries alike must continue to build on the momentum generated by the meeting, an official from the world body said on Wednesday.
Wednesday, December 19th 2007 - 20:00 UTC
Xmas riddle: who's the Postal Union best associate?

The United Nations Universal Postal Union, UPU, has identified the recipient of the most personalized letters in the world: a white-bearded man who prefers to wear red suits and is so reclusive that he only travels on one night of the year.
Tuesday, December 18th 2007 - 20:00 UTC
China's economy overestimated but is the world's second

The size of China's economy is overestimated by some 40%, but it remains the world's second largest using a ranking based on purchasing power, the World Bank said Monday.
Monday, December 17th 2007 - 20:00 UTC
Bs As. Herald purchased by Argentine group

The Buenos Aires Herald was sold to an Argentine publishing corporation which acquired 97% of the shares announced the newspaper to its readers over the weekend. The new owners print the financial newspaper Buenos Aires Económico and the magazines Veintitrés, Siete Días and the Spanish version of the US Newsweek.
Monday, December 17th 2007 - 20:00 UTC
Wheat price surges above the 10 US$ per bushel benchmark

Global wheat prices surged more than 3% on Monday, with Chicago Board of Trade wheat futures breaking the 10 US dollar a bushel benchmark for the first time, on dwindling world supplies, a lack of sellers and a push from financial investors.
Saturday, December 15th 2007 - 20:00 UTC
Mercosur and Israel to sign free trade accord on Monday

Mercosur and Israel will subscribe a free trade agreement, parallel to the group's two day presidential summit scheduled for next week in Montevideo, Uruguay, when Argentina will be taking the six months chair.