Economy

Wednesday, August 22nd 2007 - 21:00 UTC
Venezuela oil deal gives low income Londoners cheap bus fares

Up to a million people on income support will be eligible for half fares on London's buses under Ken Livingstone's oil deal with Hugo Chávez, Venezuela's president.
Wednesday, August 22nd 2007 - 21:00 UTC
Hurricane Dean targets Mexican oilfields in the Bay of Campeche

Dean smashed up the arty resort of Tulum and washed sand off the famous beach at Cancun before crossing the peninsula and heading out into the southern Gulf of Mexico where state oil company Pemex has hundreds of wells and installations.
Wednesday, August 22nd 2007 - 21:00 UTC
Barclays borrows from BoE standing lending facility

Barclays was identified as the bank that borrowed £ 314 million (624 million US dollars) from the Bank of England's standing lending facility, the first time the financial instrument has been used since credit conditions deteriorated a month ago.
Wednesday, August 22nd 2007 - 21:00 UTC
Former IMF official recommends labor flexibility in Chile

Anne Krueger, the former number two official in the International Monetary Fund (IMF), recommended greater labor flexibility for Chile's labor market on Monday. The economist also took a hard stance against arguments for an “ethical salary” for Chile's wage owners, a subject of much debate today in Chile.
Tuesday, August 21st 2007 - 21:00 UTC
World economy prospects still good, says IMF

Ministers responsible for the economy and finance, and governors and administrators of central banks from Africa and the International Monetary Fund officials are in Maputo Monday discussing the commitment of the Breton Woods institution towards the continent.
Tuesday, August 21st 2007 - 21:00 UTC
China hikes interest rates for the fourth time this year

China raised interest rates on Tuesday for the fourth time this year in an attempt to control the country's economic expansion as stock prices hit another record high and inflation in July was the highest in a decade.
Tuesday, August 21st 2007 - 21:00 UTC
Mortgage buble: risk rating agencies to be grilled by US Senate

Credit rating companies must “shoulder some responsibility” for sub-prime mortgage bonds that have sparked a crisis in credit markets said United States Senator Richard C. Shelby, the Senate Banking Committee's top Republican.
Tuesday, August 21st 2007 - 21:00 UTC
Latam business climate “remains favorable”, says FGV

Latinamerica business climate remained favorable in July and reached its highest level since April 2000, according to the quarterly report from the prestigious Brazilian Foundation Getulio Vargas, FGV.
Saturday, August 18th 2007 - 21:00 UTC
Argentina plays tariffs to help industry and agriculture

Argentina announced Friday custom duties and tariffs to restrict imports of certain goods that are having a negative impact on its industry. Sectors benefited include tires, bicycles, foot wear, auto parts, leather goods, toys and textiles.
Saturday, August 18th 2007 - 21:00 UTC
ECB reiterates commitment to “price and financial stability”

The European Central Bank will do its job to preserve price stability, ECB governing council member and president of Germany's Bundesbank Axel Weber reiterated Friday.