The United States trade deficit rose 6.5% last year reaching a new record high of 763.6 billion US dollars reported Tuesday the US Department of Commerce.
The Falkland Islands Development Corporation (FIDC) this week announced the appointment of Scandinavian port experts Royal Haskoning to create a port development plan, which it is hoped will draw together the diverse needs of everyone using port facilities in the Falkland Islands.
US financial and anti-money laundering regulations have increased the cost of doing business with US banks to such an extent that Latin American businesses are turning to European financial institutions, Argentina's central bank chief said yesterday.
Fiat and Tata announced in Milan, Italy the expansion of their strategic co-operation with their first industrial project outside India. Fiat will build a Tata bakkie (with Fiat badges) at its plant in Córdoba, Argentina, under an agreement that followed a feasibility study started in July 2006.
The Bank of England has hinted that it is likely that interest rates will need to be increased once more to keep inflation in check, although analysts do not expect any rise to be imminent.
The Bank's latest inflation report forecasts that consumer price inflation would continue to exceed the 2% target if rates stayed at 5.25%.
Stock markets in New York and most of Latinamerica set new record gains on Wednesday following US Federal Reserve Chairman Ben Bernanke statements that the US economy should grow modestly in 2007 despite a slowdown in housing.
According to London-based Clarkson, the world's biggest shipbroker, shipowners ordered new vessels worth a record US$105.5 billion in 2006. The trend has been spurred by tanker owners keen to upgrade their fleets ahead of IMO single-hull tanker deadlines that kick in at the end of the decade, according to an article published by Gulf News.
Eurozone growth ended 2006 strongly, thanks to better-than-expected growth in Germany and recovery in Italy. Gross domestic product across the 13 countries that use the euro grew 0.9% between October and December, compared with the previous three months.
President Hugo Chavez's government has drafted a decree allowing it to take control of food distribution chains, possibly including supermarkets and storage depots, if services are interrupted, officials said Sunday.
Ecuador's new administration of President Rafael Correa that has threatened to default on the country's debt, will use a 30-day grace period to make a payment that is due this week, Deputy Economy Minister Fausto Ortiz told reporters in Quito.