Economy

Monday, September 10th 2007 - 21:00 UTC
UN agency warns about commodities' windfalls

Millions of people throughout the developing world could be left out of the window of opportunity created by current windfalls of commodities unless those funds are used to diversify emerging economies according to a report by a United Nations (UN) agency.
Saturday, September 8th 2007 - 21:00 UTC
Greenspan on bubbles: “fear is far more potent than euphoria”

Current financial turmoil is identical to that seen in earlier stock market crashes, particularly in 1987 and the fallout from the near demise of Long Term Capital Management in 1998, warned former Federal Reserve chairman Alan Greenspan.
Saturday, September 8th 2007 - 21:00 UTC
US jobs data makes jittery global markets plunge sharply

Global markets fell sharply following on United States employment data which triggered wider economic prospects. The surprise 4.000 reduction in the US workforce in August sent the main Dow Jones index down 250 points to 13,113.
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.