Economy

Monday, January 14th 2008 - 20:00 UTC
World rice harvest and trading heading for a record year

World rice production is projected at a record 421.2 million tons (milled basis) in 2007/08, up less than 1% from a year ago, while global rice trading is forecasted to reach 29.6 million tons, up 3%, according to the latest reports from the US Department of Agriculture.
Monday, January 14th 2008 - 20:00 UTC
Goldman Sachs predicts US recession and China slowdown

Goldman Sachs Group Inc., one of the world's leading investment banking and investment management firms lowered its forecast for China's 2008 GDP growth to 10% from 10.3%, due to an expected 2008 recession in the U.S.
Monday, January 14th 2008 - 20:00 UTC
Argentine per capita beef consumption reached 67.2 kilos

Beef consumption in Argentina in 2007 reached 67.2 kilos per capita, 10.4% over the previous year according to the country's Chamber of Meat Industry and commerce, Ciccra, which also predicts a strong domestic demand in 2008.
Monday, January 14th 2008 - 20:00 UTC
US regulators probe into investment banks shares trading

United States securities regulators are reviewing whether investment banks' trades in shares of companies linked to merger and acquisition deals they were advising were based on coincidence or inside information, according to The Wall Street Journal on Monday.
Sunday, January 13th 2008 - 20:00 UTC
Chile becoming UK's fastest growing wine supplier

Chile became in 2007 Britain's sixth supplier of wines and ahead of Spain for the first time according to the market analysis agency AC Nielsen.
Sunday, January 13th 2008 - 20:00 UTC
IMF sees US economy avoiding a recession and praises the Fed

The International Monetary Fund sees the US economy avoiding recession, despite financial sector turmoil and a housing sector slump. IMF praises actions taken by the US Federal Reserve as “supportive and timely”.
Sunday, January 13th 2008 - 20:00 UTC
Soaring commodities pulverized inflation targets in Latam

Peru, Panama, Brazil, Argentina, Chile, Mexico and Uruguay are the Latinamerican countries expected to have the best economic performance in the region during 2008, according to the latest edition of World Economic Prospects from the World Bank.
Saturday, January 12th 2008 - 20:00 UTC
Euro and UK keep rates on hold; stern bankers' message

The European Central Bank and Bank of England, despite growing unease about inflation and slowing economic indicators, on Thursday kept their benchmark interest rates unchanged at 4% and 5.5% respectively.
Saturday, January 12th 2008 - 20:00 UTC
China's trade surplus & reserves soar to record highs in 2007

China's trade surplus soared 48% in 2007 to a record high 262.2 billion US dollars as its export-led economic boom continued government figures have shown.
Saturday, January 12th 2008 - 20:00 UTC
US trade deficit in November widens to highest in 14 months

The United States trade deficit widened a sharp 9.3% in November to a larger-than-expected 63.1 billion US dollars, the highest in 14 months, mainly on soaring crude oil costs, reported the US Department of Commerce.