Economy

Monday, February 25th 2008 - 21:00 UTC
Argentine economy breaks production and job records

Argentine president Cristina Fernandez de Kirchner administration might have mid term energy problems incubating but the latest data indicates that the Argentine economy keeps steaming ahead with increased employment and record industrial production. Trade surplus in January was also unexpectedly high.
Monday, February 25th 2008 - 21:00 UTC
Brazil headed for annual record crop of 139.3 million tons

Brazil is expected to harvest 139.3 million tons of grains and oil seeds in the 2007/08 season, up 5.4% over the previous crop helped by limited diseases and the use of gene-modified seeds to grow stronger plants, said Agroconsult a Brazilian agriculture consultant company.
Monday, February 25th 2008 - 21:00 UTC
Inflation in Argentina “around 20%” says ex minister Lavagna

Argentina's former economy minister Roberto Lavagna claimed that inflation is “round 20%” departing from the government line that puts the index of rising prices at 8.5% for 2007.
Monday, February 25th 2008 - 21:00 UTC
Greenspan comes out in support of Sovereign Funds

Former Federal Reserve Chairman Alan Greenspan said on Monday any United States resistance to sovereign wealth funds investing in the world's largest economy would be “counter-productive.”
Friday, February 22nd 2008 - 21:00 UTC
The Argentine airline with no planes and which never flew

A fraud case involving an airline with managers, pilots, stewardesses, cabin crew, mechanics, ground crew, even a passengers complaint office butÃ¢€Â¦which has never taken off nor does it have aircrafts was filed Thursday at the office of an Argentine federal prosecutor in Buenos Aires.
Friday, February 22nd 2008 - 21:00 UTC
Brazil makes history: first time ever net foreign creditor

Brazil which for decades was the world's largest emerging-market debtor became a net foreign creditor for the first time in January according to a report released Thursday by the Central Bank in Brasilia.
Friday, February 22nd 2008 - 21:00 UTC
Euro zone forecast: less growth and higher inflation

Economic growth across the Euro zone will be lower in 2008 than estimated, while inflation will stay high, the European Commission has said. Brussels expects growth of 1.8% this year in the 15-nation Euro zone which is lower than its November estimate of 2.2%, and below the growth rate of 2.7% recorded in 2007.
Thursday, February 21st 2008 - 21:00 UTC
Fed forecasts less US growth and higher unemployment

The US Federal Reserve has slashed its growth forecast for the US economy and raised its forecast for unemployment. The Fed cut its growth forecast for this year by half a percent to a new range of between 1.3% and 2%. The US central bank also said the jobless rate could be as high as 5.3% by the end of the year.
Wednesday, February 20th 2008 - 21:00 UTC
OECD GDP growth slips from 0.9% to 0.5% in last quarter

Global economic growth is going to be lower than the OECD (Organization for Economic Co-operation and Development) and many other forecasting organizations were predicting just a few months ago, OECD chief Angel Gurria said on Wednesday.
Wednesday, February 20th 2008 - 21:00 UTC
Whiffs of global economic slowdown reach Latinamerica

The Latinamerica economic climate dropped to its lowest level since July 2005 because of the United States mortgage and banking situation according to the joint indicator from the University of Munich Economics Research Institute, Ifo and the Getulio Vargas Foundation from Brazil, FGV.