Economy

Saturday, July 28th 2007 - 21:00 UTC
Kirchner claims there's a plot to hike inflation indexes

Argentine prosecutors have requested that Domestic Trade Secretary Guillermo Moreno and the newly-appointed Beatriz Paglieri, the official in charge of calculating inflation, be summoned to testify.
Saturday, July 28th 2007 - 21:00 UTC
IMF candidate says bridging rich/poor gap is essential

Bridging the gap between rich and poor countries should be as high a priority for the International Monetary Fund as helping to solve the world's financial imbalances, Dominique Strauss Kahn, the probable next managing director of the IMF told the Financial Times.
Saturday, July 28th 2007 - 21:00 UTC
US Congress warns Beijing about “unfair” Yuan manipulation

A key United States Senate committee supported new measures to protect US business and workers from what it says are unfair currency manipulation by China. The move is seen as a warning to China which US politicians say has depressed the value of the Yuan to boost trade.
Saturday, July 28th 2007 - 21:00 UTC
Volatility hits regional sovereign bonds risk assessment

Chile's country risk assessment shot this week to its highest level since August 2003 but is still the lowest in Latinamerica. International volatility with investors selling stocks and higher risk bonds and moving into more stable US bonds is seen as the cause behind the events of last week.
Friday, July 27th 2007 - 21:00 UTC
Global stock markets plunge on fears of credit crunch

United States Treasuries surged Thursday in a flight to safety as stocks plunged in the US and Europe on growing fears of a global credit crunch and weaker than expected economic data.
Friday, July 27th 2007 - 21:00 UTC
US calls on Argentina to honor repudiated sovereign debt

The American Task Force Argentina (ATFA) applauded Wednesday the US Government for formally stating for the first time that the government of Argentina must honor the repudiated sovereign debts owed to international creditors, “including over 20 billion US dollars in default claims by international bondholders” and that these lingering issues “adversely impact Argentina's investment climate”.
Friday, July 27th 2007 - 21:00 UTC
US economy surprises with strong 3.4% growth in Q2

The United States economy grew faster than expected over the past three months, 3.4% on an annual basis, the best quarterly performance since early 2006. In the previous quarter the economy expanded 0.6%.
Friday, July 27th 2007 - 21:00 UTC
Week ends with global share sell-off fears unabated

Unite States stock markets dropped sharply Friday, extending a global share sell-off amid fears about the effect of higher interest rates on the world economy. There are growing concerns that higher rates will hit corporate profits and takeover deals, and dent consumer spending.
Thursday, July 26th 2007 - 21:00 UTC
US slowdown makes China largest contributor to global growth

The International Monetary Fund raised its forecast for growth in the global economy for this year to 5.2%, up form its April forecast of 4.9%.
Thursday, July 26th 2007 - 21:00 UTC
Argentine peso looses ground for third day in a row

The Argentine peso slid for the third day in a row, hitting four-year lows against the US dollar in the range of 3.15/3.20 while the stock market recovered at the end of the day after having lost ground earlier.