Economy

Thursday, November 29th 2007 - 20:00 UTC
China agrees to eliminate industrial sectors' subsidies

United States Trade Representative Susan C. Schwab announced Thursday that China has agreed to terminate subsidies that the US alleged were illegal under World Trade Organization (WTO) rules.
Wednesday, November 28th 2007 - 20:00 UTC
Argentine wine exports set for another record year

Exports of Argentine wine are set to rise 20% this year to record levels, with a weak local currency giving the country's vineyards a competitive edge, according to a study published over the weekend.
Wednesday, November 28th 2007 - 20:00 UTC
US farmers agree to tariff cuts if world markets are opened

A long-awaited world trade deal will remain out of reach until developing countries agree to open their markets to more United States farm goods, the head of the largest US farm organization said yesterday.
Saturday, November 24th 2007 - 20:00 UTC
Stormy 2008 for Latam anticipates The Economist

Latinamerica is the emerging markets region that will most feel the impact of the slowing of the United States economy and the credit crunch according to a report from the Economist Intelligence Unit, EIU, released this week.
Friday, November 23rd 2007 - 20:00 UTC
Greenspan says housing bubble is a global phenomenon

Former Federal Reserve Chairman Alan Greenspan speaking in Norway on Friday said he has “no particular regrets” and that the deepening slump in the US housing market isn't a result of his policies.
Thursday, November 22nd 2007 - 20:00 UTC
Costa Rica signs free trade agreement but hurdles remain

Costa Rica's president on Wednesday signed into law a much debated controversial free trade agreement with its Central American neighbors, the United States and the Dominican Republic.
Wednesday, November 21st 2007 - 20:00 UTC
US mortgage defaults to worsen in 2008, warns Paulson

United States Treasury secretary Henry Paulson said mortgage defaults will worsen in 2008 and lenders should act “aggressively” to offer new loan terms to avert an economic calamity, the Wall Street Journal online said.
Wednesday, November 21st 2007 - 20:00 UTC
Copper prices fall to 8 month low below 3 dollars benchmark

Copper prices fell on Wednesday to an eight-month low, below 3 US dollars per pound, on the London Metal Exchange after rising dramatically last week due to several earthquakes in northern Chile's mining region. However the monthly average for copper remains at 3.21 US dollars.
Wednesday, November 21st 2007 - 20:00 UTC
OECD warns of mortgage debacle on equity markets

The Organization for Economic Cooperation and Development, OECD said on Wednesday that overall losses caused by the U.S. mortgage market crisis could hit 300 billion US dollars and the broader credit crunch could yet inflict greater damage on equity markets.
Wednesday, November 21st 2007 - 20:00 UTC
China forecasts boom in cooking oil and grains markets

China's soy oil purchases will represent 45% of world's imports by the end of last September up 25% from seven years ago according to a report from the Beijing government supported Shanghai Daily”.