Economy

• Friday, September 7th 2007 - 21:00 UTC

  ECB: rates unchanged and “accommodative” monetary policy

  

  The Governing Council of the European Central Bank, ECB left interest rates unchanged at 4% on Thursday, emphasizing monetary policy will be “accommodative” and conditioned to further gathering of information given the current high level of uncertainty in financial markets.

• Thursday, September 6th 2007 - 21:00 UTC

  Argentina's robust economy reflected in August tax revenue

  August tax revenue in Argentina was a higher-than-expected 17.87 billion pesos, (almost 6 billion US dollars) rising 37.4% from the same month last year, partly due to big jumps in sales and income tax revenues, reported Economy Ministry.

• Thursday, September 6th 2007 - 21:00 UTC

  Keeping inflation on track remains Bank of England's target

  

  The Bank of England's Monetary Policy Committee (MPC) voted Thursday to maintain the official Bank Rate paid on commercial bank reserves at 5.75% but also cautioned it would monitor closely effects of the current credit re pricing on inflation.

• Wednesday, September 5th 2007 - 21:00 UTC

  Autocar Takes Freelander to a New Ground

  

  Autocar, the world's oldest car magazine, has exposed all-new Land Rover Freelander through its paces in the Falkland Islands. The territory is considered one of the most rugged and challenging locations for any 4x4 vehicle.

• Wednesday, September 5th 2007 - 21:00 UTC

  Wines of Chile reports a 37 percent of wine exports

  Although many of Chile's agro-industrial sectors have suffered this year due to labor conflicts and an exceptionally cold winter, its wine industry is thriving

• Wednesday, September 5th 2007 - 21:00 UTC

  Beige Book shows Fed in no rush to cut interest rates

  

  The United States economy is feeling a “limited” impact from the credit re-pricing and weak housing industry, the Federal Reserve said in its Beige Book report Wednesday. The report suggested the Fed may not be in a rush to aggressively cut interest rates despite skittish financial markets.

• Tuesday, September 4th 2007 - 21:00 UTC

  Controversy over how fast China is really growing

  While many people believe China will effectively quite soon become the world's second economy and catch up with United States sometime this century, MIT Professor Lester Thurow for a range of reasons argues that China's century will not be this one, but the next.

• Tuesday, September 4th 2007 - 21:00 UTC

  US leads the world in labour productivity says ILO

  

  While productivity levels have increased worldwide over the past decade, gaps remain wide between the industrialized region and most others, although South Asia, East Asia, and Central & South-Eastern Europe (non-European Union) & CIS have begun to catch up the International Labor Office (ILO) said in a new report published Monday.

• Tuesday, September 4th 2007 - 21:00 UTC

  Record wheat prices on possible Russian shipments curb

  

  Wheat rose to a record in Paris on Monday as traders speculated that Russia could curb shipments to restrain domestic food prices. Moscow has formed a working group that will consider measures to curb grain prices, which may include sales from state inventories as well as export duties and quotas.

• Tuesday, September 4th 2007 - 21:00 UTC

  Bachelet signs free trade pact with Japan in Tokyo

  

  On the first day of Chilean President Michelle Bachelet's trip to Japan, she and Japanese Prime Minister Shinzo Abe signed a Free Trade Agreement (FTA), which came into effect immediately. That accord is expected to create 50,000 new jobs and significantly increase Chile's exports to Japan.