Economy

Monday, October 22nd 2007 - 20:00 UTC
Slowdown for Ireland and Spain forecasts risk agency

Ireland and Spain face a prolonged slowdown in economic growth because of a drop in construction activity and consumer sentiment which have begun to have an impact on labor markets and weakens public finances according to the US risk ratings agency Standard & Poor's.
Saturday, October 20th 2007 - 20:00 UTC
G24 demand IMF surveillance of advanced economies

The International Monetary Fund should step up its surveillance of the United States and other advanced economies in light of the global credit crisis shaking world markets, the Group of 24 developing countries said Friday in Washington.
Saturday, October 20th 2007 - 20:00 UTC
G7 Finance ministers press China for a stronger Yuan

Finance ministers from the G7 group of leading industrial countries meeting in Washington have called on China to allow its currency to rise in value more quickly. “Beijing must do more to let the Renminbi appreciate”, said G7 ministers.
Friday, October 19th 2007 - 20:00 UTC
US markets plunge on growing concerns about a recession

United States stocks tumbled lower Friday (anniversary of 19 October 1987 Black Monday) closing a disastrous week sparked by poor bank and company earnings reports plus growing concerns about the state of the economy.
Thursday, October 18th 2007 - 20:00 UTC
Brazil optimistic about an agreement on the Doha round

World trade talks are progressing and appear to be edging close to a deal, Brazil's ambassador to the United States said on Wednesday. In Pretoria a summit of presidents from host South Africa, Brazil and India seemed to confirm expectations.
Thursday, October 18th 2007 - 20:00 UTC
Brazil's Central Bank adopts “wait and see” monetary policy

Brazil's Central Bank left this week the October reference interest rate, Selic, unchanged at 11.25%, putting an end to a monetary policy distention which begun over two years ago.
Thursday, October 18th 2007 - 20:00 UTC
Growing controversy with IMF over Argentina's inflation

Inflationary pressures are building in Argentina and there is room for further interest rate increases, a senior IMF official said Wednesday. The warning follows statements earlier in the week by outgoing IMF Managing Director Rodrigo Rato.
Thursday, October 18th 2007 - 20:00 UTC
The US dollar faces and “extended period of decline”

The US dollar is in the midst of an extended period of decline which is forecasted to continue until the third quarter of next year according to the US Manufacturers Alliance/MAPI quarterly forecast.
Wednesday, October 17th 2007 - 20:00 UTC
IMF forecasts 5.5% expansion in Argentina next year

Argentina is forecasted to expand 5.5% in 2008, the strongest in the region behind Venezuela and Peru according to prospects from the World Bank and the International Monetary Fund released Wednesday.
Wednesday, October 17th 2007 - 20:00 UTC
US Lower House votes four year extension for internet tax ban

The United States House of Representatives approved Wednesday a new four-year ban on state or local taxation of Internet over the objections of both Republicans and Democrats seeking a permanent ban. The current three-year ban on access taxes expires on November first.