Economy

Thursday, November 29th 2007 - 20:00 UTC
Cyprus and Malta will introduce the Euro next January

The European Union said that member nations Cyprus and Malta are prepared to introduce the Euro next January first, which will bring to 15 the number of nations sharing the currency.
Thursday, November 29th 2007 - 20:00 UTC
Wheat futures soar as Argentina suspends export registrations

United States wheat futures soared Wednesday as Argentina stirred up fears about global tightness by announcing a suspension of wheat export registrations until it assesses the impact of recent frosts.
Thursday, November 29th 2007 - 20:00 UTC
EU agriculture reform blueprint passes first test

European Union farm ministers gave a fairly warm welcome this week to a blueprint for reforming agriculture policy, focusing on ideas for making countries spend more on rural development and planned subsidy ceilings for large farms.
Thursday, November 29th 2007 - 20:00 UTC
EU warns China of “backlash” if trade gap persists

The European Union trade commissioner warned that China needs to close the trade gap if it wants to prevent a backlash in Europe. Peter Mandelson said that China has become the EU largest trading partner and this status must make Beijing assume “real responsibilities”.
Thursday, November 29th 2007 - 20:00 UTC
China agrees to eliminate industrial sectors' subsidies

United States Trade Representative Susan C. Schwab announced Thursday that China has agreed to terminate subsidies that the US alleged were illegal under World Trade Organization (WTO) rules.
Wednesday, November 28th 2007 - 20:00 UTC
Argentine wine exports set for another record year

Exports of Argentine wine are set to rise 20% this year to record levels, with a weak local currency giving the country's vineyards a competitive edge, according to a study published over the weekend.
Wednesday, November 28th 2007 - 20:00 UTC
US farmers agree to tariff cuts if world markets are opened

A long-awaited world trade deal will remain out of reach until developing countries agree to open their markets to more United States farm goods, the head of the largest US farm organization said yesterday.
Saturday, November 24th 2007 - 20:00 UTC
Stormy 2008 for Latam anticipates The Economist

Latinamerica is the emerging markets region that will most feel the impact of the slowing of the United States economy and the credit crunch according to a report from the Economist Intelligence Unit, EIU, released this week.
Friday, November 23rd 2007 - 20:00 UTC
Greenspan says housing bubble is a global phenomenon

Former Federal Reserve Chairman Alan Greenspan speaking in Norway on Friday said he has “no particular regrets” and that the deepening slump in the US housing market isn't a result of his policies.
Thursday, November 22nd 2007 - 20:00 UTC
Costa Rica signs free trade agreement but hurdles remain

Costa Rica's president on Wednesday signed into law a much debated controversial free trade agreement with its Central American neighbors, the United States and the Dominican Republic.