Economy

• Monday, March 5th 2007 - 21:00 UTC

  Uncertain week for global markets: all eyes on China

  

  Global stock markets face an uncertain week after a slump in China and fears of an economic slowdown in United States saw the biggest sell-off in more than four years.

• Monday, March 5th 2007 - 21:00 UTC

  Global markets volatility persists: investors dump stocks

  The global stock market slump has entered its second week with stocks plunging in Wall Street, Asia, Europe and Latinamerica. Although the key US Dow Jones index remained positive for most of Monday, towards the end of the session it closed down 63.7 points, or 0.5%, at 12,050.4.

• Sunday, March 4th 2007 - 21:00 UTC

  Ethanol prices could push food prices higher warns USDA

  Ethanol will devour 50% more corn this year, eating into the food industry's share of the crop, anticipated the United States Agriculture Department. From breakfast cereal to beef to beer, competition from ethanol could raise prices for all kinds of foods.

• Friday, March 2nd 2007 - 21:00 UTC

  Greenspan's toning down of forecast could calm volatility

  

  Toning down his earlier warning over a recession in the United States later this year, former U.S. Federal Reserve Chairman Alan Greenspan told a Tokyo seminar Thursday that he does not think economic slowdown in the US is “probable”.

• Thursday, March 1st 2007 - 21:00 UTC

  Brazil grows 2.9%; reserves reach record 100 billion

  

  Brazil's economy expanded 2.9% last year compared to 2.35% in 2005 according to the latest official release on Wednesday. In the fourth quarter GDP increased 1.1% over the third quarter and 3.8% over the same period in 2005, reported the Brazilian Institute of Geography and Statistics.

• Thursday, March 1st 2007 - 21:00 UTC

  Shanghai and Wall Street rebound, but volatility looms

  

  Chinese stock markets rebounded Wednesday following their deepest fall in a decade but most markets in Asia and Europe kept sliding for a consecutive second day amid fears of a slowing of China and the United States economies.

• Thursday, March 1st 2007 - 21:00 UTC

  New hopes for the WTO Doha round negotiations

  Top trade negotiators from the United States, the European Union, Brazil and India are scheduled to meet in London and Geneva this weekend to discuss stalled World Trade Organization efforts to liberalize global commerce said Brazilian officials on Thursday.

• Thursday, March 1st 2007 - 21:00 UTC

  Global markets fail to recover on fears of corporate earnings

  

  World shares dropped for a third day Thursday on concerns about growth in leading economies and the outlook for corporate profits. A large slide in Europe and Asia was compounded by a drop on US indexes.

• Wednesday, February 28th 2007 - 21:00 UTC

  Uruguayan economy grew 6.5% in 2006; GDP 19.5 billion

  

  Uruguay's economy expanded 6.5% in 2006 said President Tabare Vazquez according to a draft copy from his state of the nation speech to be delivered March first. This is half a point less than the 7% originally estimated.

• Tuesday, February 27th 2007 - 21:00 UTC

  China's black Tuesday spills to the global economy

  

  Stock markets round the world slumped Tuesday to record lows of 2001 and 2004, with the US Dow Jones index plummeting by more than 400 points and Latinamerican markets posting sharp losses averaging 4%.
  The sell-off was sparked by a near 9% down slide on the Shanghai Composite Index, (the worst in a decade) as investors worried that China may pass rules to limit demand for stocks. Banks, automobiles and steel companies were hardest hit.