Economy

Tuesday, December 11th 2007 - 20:00 UTC
Uruguay on pace to the fifth running year of growth

Uruguay's economy expanded 6.7% during the first nine months of 2007 compared to the same period last year, driven by the transportation and communications sectors, the Central Bank reported on Monday.
Tuesday, December 11th 2007 - 20:00 UTC
Brazilian beef exports booming in spite of EU ban threat

Beef exports are likely to rise in 2008 as Russia resumes importing meat from Brazil, the Brazilian Beef Exporters Association (Abiec) said in Sao Paulo.
Monday, December 10th 2007 - 20:00 UTC
Chinese corporation interested in wool clip from Magallanes

One of China's main textile trading companies recently visited Magallanes region in the extreme south of Chile with the purpose of acquiring a significant percentage of the region's total production.
Saturday, December 8th 2007 - 20:00 UTC
Fears of US slowdown seem to be affecting Japanese economy

Japan revealed Friday that its economy grew by much less than previously thought in the third quarter of 2007 amid a housing slump and slower investment by firms in new factories and equipment.
Saturday, December 8th 2007 - 20:00 UTC
Argentine beef exports reach 1.15 billion US dollars

In spite of government restrictions to overseas sales Argentine beef exports expanded 9% in the ten first months of 2007 reaching 1.155 billion US dollars according to data from the country's Health and Agro Food national service, Senasa.
Friday, December 7th 2007 - 20:00 UTC
Euro-zone rates unchanged in spite of inflation pressure

The European Central Bank left on Thursday interest rates unchanged at 4%, in line with analysts' expectations and in spite of strong short term upward pressure on inflation.
Friday, December 7th 2007 - 20:00 UTC
China's booming economy running out of spare capacity

China should let its currency rise faster to help it counter overheating in its booming economy, the Organization for Economic Cooperation and Development suggested in a report this week.
Thursday, December 6th 2007 - 20:00 UTC
Inflation's political and social impact rattles Beijing

China said Wednesday it would tighten monetary policy in 2008 for the first time in a decade, as it battles to rein in a soaring stock market and an overheated economy. The shift from “prudent” to “tight” is a move analysts consider “significant”, but no major details to support the announcement were delivered.
Thursday, December 6th 2007 - 20:00 UTC
Bank of England cuts rate to 5.5% on slow growth concern

The Bank of England announced Thursday a 25 points cut in the key interest rate from 5.75 to 5.5% following on fears of a slowing UK economy. The decision came as the BoE tried to strike a balance between rising inflation and further evidence that the housing boom is slowing and consumer confidence deteriorating.
Thursday, December 6th 2007 - 20:00 UTC
Bush announces plan to shield vulnerable homeowners

United States President George W Bush outlined plans on Thursday to freeze rates on sub-prime mortgages for five years to help people hit by the US housing market crisis.