Economy

Tuesday, February 12th 2008 - 20:00 UTC
Argentina announces building of second high speed train

A second high speed train for Argentina was announced last week by President Cristiana Fernandez de Kirchner. Three consortia submitted bids to build the Buenos Aires to Mar del Plata high-speed link.
Tuesday, February 12th 2008 - 20:00 UTC
Corporate financing looking to expand in Falklands' fishing

TEN years on from opening their office in Stanley, Falkland Islands, Chartered Accountants Wilkins Kennedy are looking to expand their services.
Monday, February 11th 2008 - 20:00 UTC
Putin: Russia among the world's seven leading economies

Russia is among the seven leading economic powers of the world said Russian president Vladimiar giving his state of the nation address before the State Council for the last time. Putin did a recount of his eight years in office and set Russia's objectives for 2020.
Monday, February 11th 2008 - 20:00 UTC
Yahoo Board Rejects Microsoft's $44.6 Billion Offer

Yahoo! Inc., owner of the second most used Internet search engine, rejected a $44.6 billion takeover offer from Microsoft Corp. as too low, pressuring the world's largest software maker to raise its bid.
Sunday, February 10th 2008 - 20:00 UTC
US dollar continues free fall against Latam currencies

With the exception of Venezuela and Argentina that have government administered exchange rates, in the rest of the main Latinamerican money markets the depreciation of the US dollar continues with no end in the short term according to the latest data.
Sunday, February 10th 2008 - 20:00 UTC
Brazil's industrial output in 2007 second best of decade

Industrial output in Brazil grew last year at its fastest pace since 2004, jumping 6% boosted by domestic demand according to official data. The surge in industrial activity was broad, driven by a sharp increase in the availability of credit allowing Brazilian consumers to buy more cars and home appliances.
Saturday, February 9th 2008 - 20:00 UTC
Argentina's inflation controversy expands; IMF rebutted

Argentina's controversial Statistics and Census institute, Indec, further fueled dispute over the accuracy of official data when it announced that the January consumer price index, CPI, rose 0.9%, the same percentage as November and December and well below reliable private estimates of 2%.
Friday, February 8th 2008 - 20:00 UTC
Fed offensive exposes cut-rates/inflation balance dilemma

United States central bank officials came out in what seems a concerted offensive to inject optimism and downplay fears of a full fledged US recession as negative data on the economy keeps piling and a discouraging factor feeling extends.
Friday, February 8th 2008 - 20:00 UTC
US stimulus package passed but political system at its lowest

United States President George Bush announced on Friday that the will sign a 168 billion US dollars economic stimulus package approved by the Senate that he said is needed to help boost the slowing economy. The announcement came as an AP-Ipso public opinion poll revealed an all time low support for President Bush and the US Congress.
Thursday, February 7th 2008 - 20:00 UTC
IMF asks Argentina about inflation data reliability

The International Monetary Fund has asked Argentina's statistics office INDEC to clarify some methodology changes it introduced last year, echoing concerns among economists, statisticians --and public opinion-- over the reliability of the country's inflation data, reported the Buenos Aires press