Economy

Sunday, February 3rd 2008 - 20:00 UTC
Help for Chilean exporters to counter US dollar meltdown

Chile announced several measures to prop the competitiveness of Chilean exports that have been particularly affected by the international collapse of the US dollar and which has motivated reiterated claims from the industry.
Sunday, February 3rd 2008 - 20:00 UTC
Recession in the air: first decline in US jobs since August 2003

United States has seen the first decline in employment since August 2003, providing fresh evidence that the US economy could be entering a recession. Employers cut 17,000 jobs from their payrolls in January, Labor Department figures showed. Economists had been expecting a rise of 80,000.
Saturday, February 2nd 2008 - 20:00 UTC
Chile with record fiscal surplus in 2007: 8.7% of GDP

Chile finished 2007 with a record fiscal surplus of just under 14.5 billion US dollars, government officials acknowledged Wednesday. This figure represents 8.7% of Chile's overall GDP, which is also an all-time record.
Friday, February 1st 2008 - 20:00 UTC
Climate tests China's power; concern over food supplies

With forecasts of more snow and ice, chaos in the transport and energy systems that has left millions stranded or without electricity and water, Chinese authorities are desperately trying to convince people the situation is under control.
Friday, February 1st 2008 - 20:00 UTC
Brazil “optimistic” about its 5% growth estimate for 2008

Brazil's Finance Minister Guido Mantega said that “for the moment” there's no reason to change the country's growth estimate of 5% for 2008, in spite of global recession fears, which he believes will impact most on developed countries.
Thursday, January 31st 2008 - 20:00 UTC
US economy and consumer confidence weakening rapidly

United States economic growth fell sharply in the last three months of 2007 as the credit crunch took effect, according to the latest figures from the Department of Commerce. Overall growth rate in 2007 was 2.2%, the weakest since 2002.
Thursday, January 31st 2008 - 20:00 UTC
FBI and SEC probe into the sub prime mortgage crisis

The FBI is investigating at least fourteen companies embroiled in the sub-prime mortgage crisis as part of a crackdown on improper lending and inside information according to The Wall Street Journal.
Thursday, January 31st 2008 - 20:00 UTC
Argentina reopens export registries for wheat and corn

Argentina announced this week the reopening the wheat and corn export registries, a measure that had an immediate impact in the US markets of Chicago and Kansas City.
Thursday, January 31st 2008 - 20:00 UTC
Australia preparing to plant bumper wheat crop in 2008

High prices around the world are encouraging farmers to plant more grain and Australia is preparing to plant a bumper wheat crop in 2008 following last year's disastrous drought that drastically slashed yields.
Thursday, January 31st 2008 - 20:00 UTC
UK unveils plan to prevent repeat of a Northern Rock run

The British government unveiled plans this week to give authorities the power to swiftly seize control of a failing bank as part of an overhaul of banking laws to prevent a repeat of the run on mortgage lender Northern Rock PLC.