Economy

Friday, August 3rd 2007 - 21:00 UTC
Volatile week ends with markets falling and fears of more to come

Stock markets in United States fell heavily on Friday following a volatile week. The Dow Jones, which saw triple digit gains on Wednesday and Thursday, fell by 2.1%, 284.8 points, to 13,178.5. The Nasdaq lost 2.5% to 2,511.25 points.
Wednesday, August 1st 2007 - 21:00 UTC
Global impact from the US deteriorating housing market

Stock markets across Asia have suffered heavy falls on fresh concerns over the impact of the problems in the US housing market which on Tuesday caused sharp losses on Wall Street.
Wednesday, August 1st 2007 - 21:00 UTC
US tenth largest residential mortgage bank collapses

Shockwaves of still unknown impact crashed through financial markets Tuesday when the United States Melville-based American Home Mortgage Investment Corp. announced it was suffering credit problems and would consider “going into liquidation” among other options.
Wednesday, August 1st 2007 - 21:00 UTC
Punta Arenas among three cities with lowest unemployment

During the second quarter of this year Magallanes in the extreme south of Chile is again the country's region with the lowest unemployment level, 2.8%, while Punta Arenas and Porvenir are among the three cities with less people out of jobs, according to the latest release from the Labor Statistics Office.
Tuesday, July 31st 2007 - 21:00 UTC
New attempt by China to cool the economy (and trade partners)

For a sixth time this year China tightened credit on Monday in a new effort to cool its roaring economy, ordering banks to shrink the pool of money for lending by increasing their reserves.
Tuesday, July 31st 2007 - 21:00 UTC
Latinamerica energy future is promising but autarchic

Latinamerica is set to invest 267 billion US dollars in energy projects in the next two decades according to the United Nations Economic Committee for Latinamerica and the Caribbean, CEPAL.
Monday, July 30th 2007 - 21:00 UTC
Uruguay has 3.8 cattle per capita, highest in the world

Uruguay currently has a cattle herd of 12 million head with beef becoming the main export commodity of the country, over a billion US dollars last year. Based on this it can be said that Uruguay is the country with the highest number of cattle per capita, 3.8.
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.