Economy

Tuesday, March 20th 2007 - 21:00 UTC
Mexico, Buenos Aires and Sao Paulo among world's richest cities

México, Buenos Aires and Sao Paulo are among the twenty richest cities in the world according to a report on population evolution and the economy of the main capital cities, from consultants PricewaterhouseCoopers.
Monday, March 19th 2007 - 21:00 UTC
Latinamerican remittances to reach 100 billion by 2010

In spite of United States efforts by 2010 remittances from migrants will reach 100 billion US dollars annually, a significant increase from the 62 billion of 2006 according to a report from the Interamerican Development Bank, IDB.
Monday, March 19th 2007 - 21:00 UTC
IDB calls on Latam to prepare for a slower US economy

A recession in United States does not seem likely but can't be discarded warned on Monday the InterAmerican Development Bank, IDB, emphasizing that the region's economic scenario in 2007 is closely linked to events in the world's leading economy.
Monday, March 19th 2007 - 21:00 UTC
As EU approaches half a century, mood is ambiguous

As Europe approaches its fiftieth anniversary of the block's founding Treaty of Rome, 44% of citizens think life has got worse since their country joined the club, according to the latest public opinion poll released Sunday by the Financial Times.
Monday, March 19th 2007 - 21:00 UTC
China's economy energy consumption is “unsustainable”

China in 2006 consumed 15% of the world's energy to produce 5% of the global GDP, a situation described as “unsustainable” by Deputy Prime Minister Zeng Peiyan in an interview with “China's daily”.
Monday, March 19th 2007 - 21:00 UTC
China's Yuan upward march against US dollar

China's Yuan climbed to the strongest since a fixed exchange rate was scrapped in 2005 on speculation China's central bank will seek a stronger currency to slow the economy, after raising interest rates.
Friday, March 16th 2007 - 21:00 UTC
“Consumer demand strong” in spite of slow housing market

Former U.S. Federal Reserve chairman Alan Greenspan said on Thursday that there is not yet any evidence that the slowing US housing market has negatively impacted on the wider economy.
Friday, March 16th 2007 - 21:00 UTC
Venezuelan financial support to region exceeds US aid

Venezuelan financial aid to Latin America has surpassed U.S. commitments in the region, President Hugo Chavez said Wednesday, shortly after President Bush completed a tour seen by some as an attempt to curtail Chavez's spreading influence in the region.
Friday, March 16th 2007 - 21:00 UTC
US food prices push February inflation to 0.4%

United States consumer prices increased above forecasts in February pushed by the cost of energy and food which rose at its fastest rate for two years, according to the latest release from the US Labor Department.
Friday, March 16th 2007 - 21:00 UTC
China finally passes landmark property rights law

China's People Congress (NPC) by a surprising majority approved this week landmark legislation increasing private property rights following years of debate inside the Chinese Communist Party. At the end of the day only 90 of the 2.978 deputies voted against the law.