Economy

Friday, June 29th 2007 - 21:00 UTC
White House calls for extension of special trade powers

The White House has urged Congress to renew President George W Bush's ability to agree trade deals without Congress interference. Its comments come ahead of a 30 June deadline that ends Congress' current inability to seek to amend any global trade deals that the President agrees.
Friday, June 29th 2007 - 21:00 UTC
Beijing tightens and Shanghai composite drops 7% in June

China's main stock exchange index dropped 2% Friday, making June the worst month since May 2005. Fears that the government might announce measure to soak liquidity are behind the collapse.
Friday, June 29th 2007 - 21:00 UTC
Growing controversy in US over corn ethanol vs food prices

The main ethanol lobby in United States, Renewable Fuels Association, RFA, said that the growing demand for renewable fuel based on corn is not responsible for the recent increase in milk and dairy products worldwide.
Thursday, June 28th 2007 - 21:00 UTC
Falklands Government exhibiting at July Royal Show in Stoneleigh

The Falkland Islands Government will be exhibiting at the Royal Show at Stoneleigh Park in Warwickshire from 1 ÃÂ¢€” 4 July. In the 25th anniversary of the South Atlantic conflict visitors to the show will be able to find out how the Falklands has developed since 1982 into a dynamic UK Overseas Territory which is diversifying its rural economy to achieve sustainable development.
Thursday, June 28th 2007 - 21:00 UTC
Fed leaves rates at 5.25%; inflation risk predominant concern

Fearing inflation “will fail to moderate as expected”, the United States Federal Reserve, following two days meeting, left its main interest rate unchanged, for the eighth time running at 5.25
Wednesday, June 27th 2007 - 21:00 UTC
Oil World forecasts fall in global 2007/08 soybean harvest

The global 2007-08 soybean harvest is likely to fall by eight million tons on the season to 227.61 million tons, according to forecasts from Hamburg-based oilseeds analysts Oil World.
This would be below the 2007/08 global forecast consumption of 237.90 million tons, up from an estimated 227.36 million tons in 2006-07.
Tuesday, June 26th 2007 - 21:00 UTC
Lan Chile fined for &quotdominant&quot practices in Punta Arenas

Chile?s Free Competition Tribunal, TDLC, fined Lan Airlines and Lan Cargo the equivalent of 128.000 US dollars each for non competition practices in the transport of international cargo to Punta Arenas, where both companies have a “dominant situation”, according to the ruling.
Monday, June 25th 2007 - 21:00 UTC
Argentina's inflation record controversy to be aired in Congress

In all Argentine cities with a local index measuring the evolution of retail prices, inflation last May was double that registered in the capital Buenos Aires, reported Monday the National Statistics and Census Office, Indec.
Monday, June 25th 2007 - 21:00 UTC
International banks forecast slower growth in Argentina

Economic activity in Argentina is forecasted to moderate in the second half of this year and in 2008 as investment decelerates in spite of strong domestic demand and overseas favorable conditions, according to the International Institute of Finance, (IIF) the lobby representing the world?s largest banks.
Monday, June 25th 2007 - 21:00 UTC
Dramatic drop in Magallanes Region poverty levels

Although Magallanes Region in the extreme south of Chile has witnessed a significant drop in poverty and indigence rates, there are still some worrisome pockets, according to the latest Socioeconomic Characterization Poll, CASEN, released last week.