Economy

Sunday, September 16th 2007 - 21:00 UTC
Fire in Paraguay is well beyond human control

Wind-blown fires scorching the parched Paraguayan countryside have scarred almost 3 million acres of forest, brush, pasture and farmland, officials said Friday, forcing the evacuation of 15,000 people and threatening nature reserves.
Friday, September 14th 2007 - 21:00 UTC
Kirchner top official admits Argentine double digit inflation

Argentine Central Bank President Martin Redrado said the bank is “deeply concerned” about the country's inflation rate, the strongest statement so far from a member of the President Kirchner administration.
Friday, September 14th 2007 - 21:00 UTC
Uruguay tries more orthodox economics to tame inflation

Uruguay's government launched this week a package of seven price-cutting measures on goods and services aimed at containing, which rose to 8.2% in the first eight months of the year far above the annual target of 6.5%.
Friday, September 14th 2007 - 21:00 UTC
Role of credit agencies in financial turmoil to be probed

United Kingdom Chancellor Alistair Darling has joined growing calls –from the US Congress and EU leaders-- for a probe into the role that credit agencies have played in the current world financial turbulence.
Friday, September 14th 2007 - 21:00 UTC
Corruption: review panel points to World Bank “ambivalence”

An independent review panel has found that the World Bank has not considered fighting corruption seriously and has defended itself against efforts taken by anti-graft investigators.
Thursday, September 13th 2007 - 21:00 UTC
Paulson sees “long” confidence crisis in credit markets

The crisis of confidence in credit markets is likely to last longer than previous financial shocks of the past two decades warned United States Treasury Secretary Henry Paulson in an interview with the Financial Times.
Thursday, September 13th 2007 - 21:00 UTC
Brazilian economy steadily expanding at 5.4% rate

The Brazilian economy expanded 0.8% in the second quarter over the first quarter reported Wednesday the Brazilian Geography and Statistics Institute. This represents a 5.4% increase over the same period a year ago.
Thursday, September 13th 2007 - 21:00 UTC
Asia taking a clear global trade lead over Latinamerica

The United Nations Economic Committee for Latinamerica and the Caribbean, CEPAL, recommends Latinamerica and MERCOSUR to have closer links with the Association of South East Asian nations, ASEAN.
Wednesday, September 12th 2007 - 21:00 UTC
Pushed by pork prices inflation in China keeps rising

Chinese inflation for the second consecutive month peaked a ten year high pushed by a sharp rise in meat prices. The consumer price index reached 6.5% in the year to August, up from 5.6% in July, said the National Bureau of Statistics.
Wednesday, September 12th 2007 - 21:00 UTC
Export boom fueled by cheap dollar narrows US trade deficit

The United States trade deficit narrowed 0.3% last July to 59.2 billion US dollars with record food and car exports helping to offset higher costs of imported crude.