Economy

Friday, September 14th 2007 - 21:00 UTC
Corruption: review panel points to World Bank “ambivalence”

An independent review panel has found that the World Bank has not considered fighting corruption seriously and has defended itself against efforts taken by anti-graft investigators.
Thursday, September 13th 2007 - 21:00 UTC
Paulson sees “long” confidence crisis in credit markets

The crisis of confidence in credit markets is likely to last longer than previous financial shocks of the past two decades warned United States Treasury Secretary Henry Paulson in an interview with the Financial Times.
Thursday, September 13th 2007 - 21:00 UTC
Brazilian economy steadily expanding at 5.4% rate

The Brazilian economy expanded 0.8% in the second quarter over the first quarter reported Wednesday the Brazilian Geography and Statistics Institute. This represents a 5.4% increase over the same period a year ago.
Thursday, September 13th 2007 - 21:00 UTC
Asia taking a clear global trade lead over Latinamerica

The United Nations Economic Committee for Latinamerica and the Caribbean, CEPAL, recommends Latinamerica and MERCOSUR to have closer links with the Association of South East Asian nations, ASEAN.
Wednesday, September 12th 2007 - 21:00 UTC
Pushed by pork prices inflation in China keeps rising

Chinese inflation for the second consecutive month peaked a ten year high pushed by a sharp rise in meat prices. The consumer price index reached 6.5% in the year to August, up from 5.6% in July, said the National Bureau of Statistics.
Wednesday, September 12th 2007 - 21:00 UTC
Export boom fueled by cheap dollar narrows US trade deficit

The United States trade deficit narrowed 0.3% last July to 59.2 billion US dollars with record food and car exports helping to offset higher costs of imported crude.
Wednesday, September 12th 2007 - 21:00 UTC
Two thirds of Chilean workers earn less than 480 US dollars

Nearly 15% of Chile's work force earns a salary that is less than the legal minimum wage, according to the latest Survey of National Socioeconomic Composition (CASEN).
Wednesday, September 12th 2007 - 21:00 UTC
Dollar Falls to Record Low Against Euro on US Housing Slump

The euro hit a new all-time high against the U.S. dollar on Wednesday, climbing as high as US$1.3878 amid speculation that the Federal Reserve will soon cut interest rates.
Wednesday, September 12th 2007 - 21:00 UTC
Federal support for Patagonia small scale farmers

Argentine Agriculture Secretary Javier de Urquiza and the governor of Chubút province, Mario das Neves, signed an agreement whereby the PRODERPA Patagonian Rural Development Project will start to be implemented.
Wednesday, September 12th 2007 - 21:00 UTC
Chile heading for 10.000 US dollars GDP per capita

Chile is slated to become the first country in Latin America to reach a Gross Domestic Product (GDP) of over 10.000 US dollars per capita, according to a recent report by Columbia University's Economist Intelligence Unit.