Economy

Sunday, October 14th 2007 - 20:00 UTC
Gap between US richest and poorest at its widest in 25 years

The gap between United States richest and poorest is at its widest in 25 years with the wealthiest taking home a record share of the nation's income that exceeds even the previous high in 2000, according to recent data from the Internal Revenue Service, IRS.
Sunday, October 14th 2007 - 20:00 UTC
Euro-zone and Beijing clash over China's trade surplus

China's trade surplus reached 23.91 billion US dollars in September, the fourth largest on record. Demand from Europe and the US boosted exports despite cuts in tax rebates aimed at curbing its export boom.
Sunday, October 14th 2007 - 20:00 UTC
“Hands off the Amazon”, Brazil tells environmentalists

Brazilian Defence minister Nelson Jobim stated that the Amazon sovereignty is non negotiable and rejected recommendations from a United Nations panel that last week shared with former US Vice president Al Gore the Nobel Peace Prize and suggested the creation of an international treaty to guarantee the protection of the vast rain forest in South America.
Saturday, October 13th 2007 - 21:00 UTC
Ten per cent of Argentines live on 4 US dollars per day

Argentina's poorest, ten per cent of the population live on less than four US dollars per day while on the other extreme half a million households can dispose of 220 US dollars per day according to a report from a private consulting firm released this week.
Friday, October 12th 2007 - 21:00 UTC
Weak dollar shrinks US trade deficit even with China

The United States August trade deficit dropped substantially to its lowest since last January, 57.6 billion US dollars, as export levels rose to a monthly high and imports fell, reported the Department of Commerce.
Friday, October 12th 2007 - 21:00 UTC
Fed anticipates tougher regulations for mortgage market

Federal Reserve governor Randall Kroszner said this week that the central bank was forced to cut its benchmark interest rate in September because earlier attempts to increase liquidity did not help enough.
Friday, October 12th 2007 - 21:00 UTC
US dollar in Chilean market keeps sliding and closer to $ 490

With the US dollar operating in the Chilean Money exchange market below the 500 pesos benchmark, and still sliding, the Chilean Central Bank decision to leave the basic rate unchanged came as a relief.
Thursday, October 11th 2007 - 21:00 UTC
IMF yes/no policy: growth to continue but also credit turmoil

The International Monetary Fund's chief economist said on Wednesday repercussions from recent market turmoil should be contained within advanced economies, with growth in emerging markets likely to remain broadly on track.
Thursday, October 11th 2007 - 21:00 UTC
UK surveyors: house prices fall at fastest rate in two years

House prices are falling at their fastest rate for two years as buyers stay away from the market, new figures have shown.
Thursday, October 11th 2007 - 21:00 UTC
US Commerce Secretary Says Doha Deal Could Be Close

A general agreement on global trade liberalization in the Doha round of talks is “closer than most people think,” said U.S. Commerce Secretary Carlos Gutierrez Wednesday.