Economy

Thursday, September 20th 2007 - 21:00 UTC
Blaze Destroys Chilean Hotel, Casino

A devastating fire ripped through a hotel and casino Monday morning in the southern town of Pucon. The five-star resort complex, which hosts Hotel of the Lake and the Enjoy Casino, was consumed by flames after a short circuit in the casino's electrical system.
Thursday, September 20th 2007 - 21:00 UTC
Dollar falls to new low vs euro breaking $1.40

The US dollar hit a new record low against the euro as investors sold the currency after the Federal Reserve's hefty interest rate cut.
Thursday, September 20th 2007 - 21:00 UTC
United States embargo has cost Cuba US$89B

Washington's 45-year-old embargo has cost Cuba more than US$89 billion to date, wreaking havoc on everything from primary education to pest control and nearly all other facets of island life, the foreign minister said Tuesday
Thursday, September 20th 2007 - 21:00 UTC
Portugal, EU president, backs trade deal with Mercosur

Portugal's president urged European and South American political leaders Thursday to make a fresh push toward concluding a long-delayed trade agreement between the two continents.
Thursday, September 20th 2007 - 21:00 UTC
US new Lincoln 'greenback' is purple and gray

A new $5 bill, with enhanced security features, will enter circulation in early 2008, a new $100 bill will follow but an official introduction date has not been set.
Thursday, September 20th 2007 - 21:00 UTC
Bank of England urges legislative review

Bank of England Governor Mervyn King has called for a legislative overhaul to help prevent a repeat of the Northern Rock banking crisis.
Tuesday, September 18th 2007 - 21:00 UTC
US Central Bank cuts interest rate to 4.75%

US interest rate-setters have decided to cut rates for the first time since mid-2006, from 5.25% to 4.75%, more than had been expected.
Monday, September 17th 2007 - 21:00 UTC
Greenspan in housing market warning

World-renowned economist Alan Greenspan has warned that Britain's housing market is set to turn and predicted a difficult time ahead for homeowners
Monday, September 17th 2007 - 21:00 UTC
UK: Farmers' auction off due to ban

Britain's biggest sale of breeding lambs has been cancelled because of restrictions on animal movements.
Monday, September 17th 2007 - 21:00 UTC
UK: Pioneering wave farm approved

The Government will give planning approval for the world's first large scale wave farm off the UK coast.