Economy

Monday, March 17th 2008 - 21:00 UTC
Fed takes new steps to ease crisis

Worry about the damage a growing credit crisis is inflicting on an ailing U.S. economy led the Federal Reserve to make a rare weekend move, lowering a key lending rate before Wall Street opened Monday.
Friday, March 14th 2008 - 21:00 UTC
Estimates of record crop and revenue for Brazilian farmers

Brazilian farmers are set to receive a record 85 billion US dollars this year riding on high commodity prices and a bigger crop. This represents a 14.4% increase over the previous year in real value, according to the latest data from the Brazilian Ministry of Agriculture and Livestock.
Friday, March 14th 2008 - 21:00 UTC
Fed bails out leading Wall Street bank: who's next?

One of the United States leading investment banks, Bear Stearns received on Friday emergency funding, in a move that raises fears that one of Wall Street's biggest names is on the verge of collapsing.
Friday, March 14th 2008 - 21:00 UTC
Argentine grain, beef farmers extend protest; diary joins

Argentine farmers protesting higher grain and oilseeds export taxes have decided to extend their two days strike until next Wednesday because there has been “no signals or reply from the government” to their request to meeting authorities. Dairy farmers announced they were joining the strike.
Thursday, March 13th 2008 - 21:00 UTC
Brazilian package to boost exports and prop the ailing dollar

Brazil levied a new tax on foreign capital and announced tax breaks for exporters Wednesday in an effort to slow the Brazilian Real's gains against the US dollar which has appreciated 62% against the greenback in three years.
Thursday, March 13th 2008 - 21:00 UTC
Fears of overheating as Brazilian economy grows 5.4% in 2007

Brazil's economy expanded a greater-than-expected 6.2% in the fourth quarter, the fastest year-on-year quarterly expansion since June 2004, helping the overall 2007 expansion to reach 5.4%, boosted by consumer spending and business investment.
Thursday, March 13th 2008 - 21:00 UTC
Fifth year running Argentine economy grows above 8%

Argentina's GDP expanded 8.7% in 2007, after having grown 9.1% in the fourth quarter, up 1.9% from the previous quarter announced Thursday in Buenos Aires the country's Statistics and Census Office, Indec.
Wednesday, March 12th 2008 - 21:00 UTC
Central banks try again to roof-patch housing-credit crunch

The world's largest central banks have launched their latest coordinated action to calm jittery credit markets. The US Federal Reserve, the European Central Bank and central banks in the UK, Canada and Switzerland will inject billions of dollars into money markets.
Wednesday, March 12th 2008 - 21:00 UTC
Argentina: grain and oilseeds export levies become permanent

Argentina hiked export taxes on soy and sunflower seed products by between seven and nine percentage points and decreased levies on corn and wheat exports by one point to expand supplies of key food staples in the domestic market.
Tuesday, March 11th 2008 - 21:00 UTC
Subtle message from strong Euro Trichet to Federal Reserve

European Central Bank President Jean Claude Trichet said he's “concerned” about the Euro appreciation after the currency kept hovering on record rates against the US dollar. It's the first time Trichet has specifically expressed worry about the Euro vis-ÃÂ -vis other currencies since November.