Economy

Friday, May 25th 2007 - 21:00 UTC
World growth is being led by Europe and Japan says OECD

The Organization for Economic Development (OECD) says that world growth is being led by Europe and Japan, which is compensating for a United States slowdown. Actually economic growth in Europe and Japan this year has overtaken the US
Wednesday, May 23rd 2007 - 21:00 UTC
US/China talks reach no tangible results on currency

Further liberalization of aviation and financial services and greater collaboration on clean energy technologies are among “tangible results” of high-level bilateral talks between the United States and China, according to U.S. officials. But no “tangible results” were arrived on the controversial currency reform issue.
Wednesday, May 23rd 2007 - 21:00 UTC
Greenspan forecasts “dramatic contraction” of Chinese stocks

Former U.S. Federal Reserve Chairman Alan Greenspan said on Wednesday he feared a “dramatic contraction” in Chinese stocks but said the global economy may be able to shrug off a drop in asset prices. U.S. and Japanese stock markets slipped following his remarks.
Tuesday, May 22nd 2007 - 21:00 UTC
US/China clash over “imbalances” and “politicizing trade”

United States Treasury Secretary Henry Paulson urged China to address “persistent trade and financial imbalances” as bilateral high-level discussions kicked off in Washington.
Tuesday, May 22nd 2007 - 21:00 UTC
Mercosur Bank of the South on track to its creation

Paraguayan President Nicanor Duarte and Mercosur ministers of Economy and Foreign Affairs decided Tuesday the creation of the Bank of the South, --an idea promoted by VenezuelaÃÂ¢€”that should act as an alternative for world multilateral organizations such as the World Bank, IMF and the Inter American Development Bank.
Tuesday, May 22nd 2007 - 21:00 UTC
Argentina's reserves at record level; unemployment 9.8%

Argentina's international reserves reached this week a record 40 billion US dollars according to the latest release from the Central Bank underlining that the strong position “effectively helps to reduce financial vulnerability, grants certitude to investors and reduces the country risk”.
Monday, May 21st 2007 - 21:00 UTC
Argentina drops to seventh place among global beef exporters

Argentina will drop from fourth to seventh place among world beef exporters this year, after having climbed in 2005 to the third position according to the latest information from the country's Ministry of Agriculture, Livestock, Fisheries and Food.
Sunday, May 20th 2007 - 21:00 UTC
Chile's ambitious project to triple beef production

In three years time Chile could triple its beef production from the current 247.000 annual tons to 750.000 tons according to the country's Cattle and Sheep Genetics improvement Council which depends from the Ministry of Agriculture.
Friday, May 18th 2007 - 21:00 UTC
China tightens credit and monetary policy to stem speculation

The People's Bank of China widened on Friday the fluctuation band of the Yuan, raised interest rates and curbed bank loans to tame a runaway economy and ease trade tensions with United States and Europe.
Thursday, May 17th 2007 - 21:00 UTC
Japan: rates unchanged at 0.5% as economy looses steam

The Bank of Japan on Thursday kept its key interest rate on hold at 0.5% after a recent slip in consumer prices but the country's chief banker cautioned about leaving rates “too low, too long”.