Economy

Wednesday, April 18th 2007 - 21:00 UTC
UN forecasts 7% Asia-Pacific growth but risks ahead

Asia-Pacific countries are set to grow by over 7% this year, although the region will face several economic challenges, primarily the management of exchange rates, according to the the United Nations annual regional economic review.
Tuesday, April 17th 2007 - 21:00 UTC
US economy forecasted to undergo mid cycle pause

IMF Managing Director Rodrigo Rato forecasted that the world economy faces another solid year of growth in 2007, estimated in 5%, and underlined the fact that the world is less dependent on the United States economy.
Tuesday, April 17th 2007 - 21:00 UTC
Chile's main retail market chains invest in Punta Arenas

The Punta Arenas retail market in the extreme south of Chile has significantly grown in recent years, attracting Chile's leading retailers. Retail giants Lider, Fallabella, La Polar and Johnson's have opened branches in the southern Region XII city over the past three years, and saw profitable returns in 2006.
Tuesday, April 17th 2007 - 21:00 UTC
Argentine economy booming but in full production capacity

Argentina's economic activity in February expanded 7.9% over the same month a year ago, and 0.6% over January 2007, according to the latest release from the National Statistics and Census Office, Indec.
Monday, April 16th 2007 - 21:00 UTC
British pound ready to break the 2 US dollars benchmark

The British pound hit a 14-year high of 1.9938 against the dollar, with many experts believing it will break through the 2 dollars benchmark in the next few days.
Monday, April 16th 2007 - 21:00 UTC
NYT calls for the resignation of World Bank president

The New York Times has called for the dismissal of World Bank President Paul Wolfowitz who is entangled in a scandal over securing a huge pay raise awarded to a close female friend.
Friday, April 13th 2007 - 21:00 UTC
European Central Bank leaves interest rate on hold at 3.75%

The European Central Bank decision on Thursday to leave key interest rates at 3.75% came as no surprise to money markets. However the ECB said it would monitor the risks to price stability “very closely”, avoiding the stronger word “vigilance”.
Friday, April 13th 2007 - 21:00 UTC
US/Brazil manufacturers agree to lobby for global free trade

Brazil and United States manufacturing industries agreed on Friday in Sao Paulo to join efforts in achieving a reduction of trade barriers, which so far have frustrated a long expected global free trade agreement.
Friday, April 13th 2007 - 21:00 UTC
IMF recommends “careful vigilance” of credit expansion in Latinamerica

The International Monetary Fund, IMF said Latin America's private credit expansion requires “careful vigilance”, particularly with household loans and collateral conditions.
Wednesday, April 11th 2007 - 21:00 UTC
Excellent prospects for South American soybean farmers

The international soybean market, the main crop in Argentina and Brazil, is showing excellent prospects for South American farmers reports Oil World a reputed publication from the industry