Economy

Thursday, January 31st 2008 - 20:00 UTC
FBI and SEC probe into the sub prime mortgage crisis

The FBI is investigating at least fourteen companies embroiled in the sub-prime mortgage crisis as part of a crackdown on improper lending and inside information according to The Wall Street Journal.
Thursday, January 31st 2008 - 20:00 UTC
Argentina reopens export registries for wheat and corn

Argentina announced this week the reopening the wheat and corn export registries, a measure that had an immediate impact in the US markets of Chicago and Kansas City.
Thursday, January 31st 2008 - 20:00 UTC
Australia preparing to plant bumper wheat crop in 2008

High prices around the world are encouraging farmers to plant more grain and Australia is preparing to plant a bumper wheat crop in 2008 following last year's disastrous drought that drastically slashed yields.
Thursday, January 31st 2008 - 20:00 UTC
UK unveils plan to prevent repeat of a Northern Rock run

The British government unveiled plans this week to give authorities the power to swiftly seize control of a failing bank as part of an overhaul of banking laws to prevent a repeat of the run on mortgage lender Northern Rock PLC.
Wednesday, January 30th 2008 - 20:00 UTC
Argentina's statistics reliability again on the spotlight

Inflation in Argentina allegedly reached 22% in 2007 according to a group of displaced experts from the country's Statistics and Census Institute, Indec which has been at the centre of an acrimonious and controversial dispute between the legally autonomous organization and the Kirchner administrations.
Wednesday, January 30th 2008 - 20:00 UTC
Fed cuts rate to 3%, but negative US data softens impact

The Federal Reserve has cut interest rates for the second time in nine days in a further attempt to keep the United States economy from entering a recession. However a barrage of negative data on US growth, housing and employment seems to have watered the reaction from markets.
Wednesday, January 30th 2008 - 20:00 UTC
EU freezes beef imports from Brazil for sanitary reasons

The European Union will freeze all imports of Brazilian beef as from Thursday after Brazil failed to provide sufficient sanitary safety guarantees announced in Brussels EU Health and Consumer Affairs Commissioner Markos Kyprianou.
Wednesday, January 30th 2008 - 20:00 UTC
Chinese company buys into copper and gold mines in Peru

China's largest metal trader announced this week it had received approval to take control of two Peruvian mines in an operation involving 453 million US dollars.
Tuesday, January 29th 2008 - 20:00 UTC
London summit to address banking and financial turmoil

Leaders of the United Kingdom, France, Germany and Italy plus the European Commission meet in London Tuesday to discuss how to respond to recent turmoil on global financial markets and greater calls for banking transparency.
Tuesday, January 29th 2008 - 20:00 UTC
2.5 million UK households are “working wealthy”

Almost 10% percent of the United Kingdom population can be regarded as wealthy, according to the 2008 Wealth Review of insurer Hiscox Ltd. This translated into 2.5 million households, Hiscox said.