Economy

Tuesday, October 16th 2007 - 20:00 UTC
Cotton dispute: WTO confirms ruling in favor of Brazil

United States said Monday it was “very disappointed” with a ruling by the World Trade Organisation ruling that its subsidies to cotton farmers breached global trade rules. The finding confirms a preliminary ruling in July in favor of Brazil, which initially brought the complaint in 2005, and paves the way for sanctions.
Tuesday, October 16th 2007 - 20:00 UTC
Luxury office construction boom in Santiago de Chile

The construction of luxury offices in the capital of Chile, Santiago has risen to its highest level in seven years, according to a study by the consultant group Mackenzie Hill.
Tuesday, October 16th 2007 - 20:00 UTC
September Euro-zone inflation above target: ECB move now

Euro zone annual inflation was 2.1% last September, (up from August 1.7%) and above the European Central Bank's target for the first time in twelve months according to the latest release from Eurostat.
Tuesday, October 16th 2007 - 20:00 UTC
World Bank forecasts robust growth in Latinoamerica

Latinamerica and the Caribbean are forecasted to grow between 4.9 and 5% this year according to the World Bank's chief economist for the region Augusto de la Torre.
Sunday, October 14th 2007 - 20:00 UTC
Bush urges Congress on trade pacts with Latam countries

United States President George Bush on Saturday urged Congress to pass trade pacts with Peru, Colombia and Panama, and promised to strengthen job re-training programs and other measures to help workers displaced as a result of trade-related job losses.
Sunday, October 14th 2007 - 20:00 UTC
Gap between US richest and poorest at its widest in 25 years

The gap between United States richest and poorest is at its widest in 25 years with the wealthiest taking home a record share of the nation's income that exceeds even the previous high in 2000, according to recent data from the Internal Revenue Service, IRS.
Sunday, October 14th 2007 - 20:00 UTC
Euro-zone and Beijing clash over China's trade surplus

China's trade surplus reached 23.91 billion US dollars in September, the fourth largest on record. Demand from Europe and the US boosted exports despite cuts in tax rebates aimed at curbing its export boom.
Sunday, October 14th 2007 - 20:00 UTC
“Hands off the Amazon”, Brazil tells environmentalists

Brazilian Defence minister Nelson Jobim stated that the Amazon sovereignty is non negotiable and rejected recommendations from a United Nations panel that last week shared with former US Vice president Al Gore the Nobel Peace Prize and suggested the creation of an international treaty to guarantee the protection of the vast rain forest in South America.
Saturday, October 13th 2007 - 21:00 UTC
Ten per cent of Argentines live on 4 US dollars per day

Argentina's poorest, ten per cent of the population live on less than four US dollars per day while on the other extreme half a million households can dispose of 220 US dollars per day according to a report from a private consulting firm released this week.
Friday, October 12th 2007 - 21:00 UTC
Weak dollar shrinks US trade deficit even with China

The United States August trade deficit dropped substantially to its lowest since last January, 57.6 billion US dollars, as export levels rose to a monthly high and imports fell, reported the Department of Commerce.