Economy

Wednesday, January 16th 2008 - 20:00 UTC
Three more bull market years for farm commodities

Agricultural commodity prices will advance for at least three more years, bolstered by demand that's expanding faster than supply, according to a report by Jeffrey Currie from Goldman Sachs Group Inc.'s.
Wednesday, January 16th 2008 - 20:00 UTC
Energy and food push US inflation to highest in 17 years

Inflation in United States for all of 2007 hit the highest rate for 17 years as surging energy and food costs pushed up prices according to the US Labor Department latest release.
Tuesday, January 15th 2008 - 20:00 UTC
Citigroup record losses and cash injection promises

The US largest banking organization Citigroup has reported record 9.83 billion US dollars net loss for the last three months of 2007. Chief executive Vikram Pandit said Tuesday the loss had been caused by 18.1 billion US dollars exposure to bad mortgage debt and was “clearly unacceptable”.
Tuesday, January 15th 2008 - 20:00 UTC
Greenspan says the US is “in or about to enter a recession”

United States is probably in or about to enter a recession, former Federal Reserve Chairman Alan Greenspan said in an interview with The Wall Street Journal. The odds are “not overwhelming but they are marginally in that direction” of recession.
Monday, January 14th 2008 - 20:00 UTC
Bank of America rescues US biggest mortgage lender

One of the leading banks in United States, Bank of America is to take over the country's biggest mortgage lender Countrywide Financial, in a 4 billion US dollars deal.
Monday, January 14th 2008 - 20:00 UTC
WTO members narrow differences in agriculture talks

The World Trade Organization's chief agriculture negotiator said that members have narrowed their differences and made “a lot of progress” in recent talks but more still needs to be done before an agreement is reached.
Monday, January 14th 2008 - 20:00 UTC
World rice harvest and trading heading for a record year

World rice production is projected at a record 421.2 million tons (milled basis) in 2007/08, up less than 1% from a year ago, while global rice trading is forecasted to reach 29.6 million tons, up 3%, according to the latest reports from the US Department of Agriculture.
Monday, January 14th 2008 - 20:00 UTC
Goldman Sachs predicts US recession and China slowdown

Goldman Sachs Group Inc., one of the world's leading investment banking and investment management firms lowered its forecast for China's 2008 GDP growth to 10% from 10.3%, due to an expected 2008 recession in the U.S.
Monday, January 14th 2008 - 20:00 UTC
Argentine per capita beef consumption reached 67.2 kilos

Beef consumption in Argentina in 2007 reached 67.2 kilos per capita, 10.4% over the previous year according to the country's Chamber of Meat Industry and commerce, Ciccra, which also predicts a strong domestic demand in 2008.
Monday, January 14th 2008 - 20:00 UTC
US regulators probe into investment banks shares trading

United States securities regulators are reviewing whether investment banks' trades in shares of companies linked to merger and acquisition deals they were advising were based on coincidence or inside information, according to The Wall Street Journal on Monday.