Economy

Saturday, April 21st 2007 - 21:00 UTC
US and EU “need to cede power” in World Bank and IMF

United States and the European Union need to adapt to global changing economic reality and for their own good give up their leadership monopolies at the World Bank and the International Monetary Fund, according to a report from the Atlantic Council of the United States.
Thursday, April 19th 2007 - 21:00 UTC
Chilean exporters complain strong peso against US dollar

The current levels of the United States dollar in Chilean money markets where it dropped to 528 pesos this week, is in line with international markets, according to the country's Central Bank president Vittorio Corbo.
Thursday, April 19th 2007 - 21:00 UTC
Latinamerica upbeat about prospects for 2007 and 2008

Latin American economies have improved fiscal positions and achieved better shape than they have in decades, and risks to that stem mostly from the United States and China, according to a World Economic Forum report issued this week.
Thursday, April 19th 2007 - 21:00 UTC
Chinese impressive growth keeps surprising and rattling markets

The Chinese economy grew an impressive 11.1% in the first quarter of 2007, but inflation in March rose to 3.3% and fears that rapid expansion will drive interest rates higher weighed on stock markets.
Wednesday, April 18th 2007 - 21:00 UTC
UN forecasts 7% Asia-Pacific growth but risks ahead

Asia-Pacific countries are set to grow by over 7% this year, although the region will face several economic challenges, primarily the management of exchange rates, according to the the United Nations annual regional economic review.
Tuesday, April 17th 2007 - 21:00 UTC
US economy forecasted to undergo mid cycle pause

IMF Managing Director Rodrigo Rato forecasted that the world economy faces another solid year of growth in 2007, estimated in 5%, and underlined the fact that the world is less dependent on the United States economy.
Tuesday, April 17th 2007 - 21:00 UTC
Chile's main retail market chains invest in Punta Arenas

The Punta Arenas retail market in the extreme south of Chile has significantly grown in recent years, attracting Chile's leading retailers. Retail giants Lider, Fallabella, La Polar and Johnson's have opened branches in the southern Region XII city over the past three years, and saw profitable returns in 2006.
Tuesday, April 17th 2007 - 21:00 UTC
Argentine economy booming but in full production capacity

Argentina's economic activity in February expanded 7.9% over the same month a year ago, and 0.6% over January 2007, according to the latest release from the National Statistics and Census Office, Indec.
Monday, April 16th 2007 - 21:00 UTC
British pound ready to break the 2 US dollars benchmark

The British pound hit a 14-year high of 1.9938 against the dollar, with many experts believing it will break through the 2 dollars benchmark in the next few days.
Monday, April 16th 2007 - 21:00 UTC
NYT calls for the resignation of World Bank president

The New York Times has called for the dismissal of World Bank President Paul Wolfowitz who is entangled in a scandal over securing a huge pay raise awarded to a close female friend.