Economy

Saturday, February 10th 2007 - 20:00 UTC
Emerging markets diversity outpaces JP Morgan

JP Morgan's family of EMBI (Emerging Markets Bond Index) indexes, once seen as the most important measure of aversion to developing countries' risk, no longer expresses the diversity of fast-growing emerging markets, the bank admitted in a report
Friday, February 9th 2007 - 20:00 UTC
Bush administration pushes for FTA with Colombia and Peru

United States Secretary of State Condoleezza Rice this week requested from Congress the ratification of the Free Trade Agreements, FTA, which the White House has signed with Peru and Colombia.
Friday, February 9th 2007 - 20:00 UTC
Argentina's January basic food basket index up 2.95%

Argentina's basic food basket consumed by the average family jumped 2.59% last January over December, which is more than double the official consumer prices index for the first month of 2007.
Friday, February 9th 2007 - 20:00 UTC
G 7 Ministers address world financial markets' stability

Europe's concern with the stability of world financial markets is one of the main issues to be addressed by the seven most industrialized countries Finance ministers meeting, G-7, which is meeting in Germany and will see China participate for the first time in the main debates.
Friday, February 9th 2007 - 20:00 UTC
Growing mineral exports boost Peruvian economy

Peru's Central Bank raised the country's economic growth forecast for 2007 from 5.7 to 6.8%, following a 7.9% expansion in 2006, which was the highest since 1995.
Thursday, February 8th 2007 - 20:00 UTC
Credibility blow to Kirchner's price controls policy

Argentine president Nestor Kirchner tried Thursday to disengage this week's rise in the country's risk rating and drop in sovereign bonds, from the controversy over the ousting of the head of the Statistics and Census Office (INDEC) responsible for calculating inflation.
Thursday, February 8th 2007 - 20:00 UTC
ECB warns about medium term risks to price stability

The European Central Bank, ECB, decided Thursday to keep its key interest rate on hold at 3.5%, but pointed out that “strong vigilance” remains essential to ensure that “risks to price stability over the medium term do not materialize”.
Thursday, February 8th 2007 - 20:00 UTC
Bank of England leaves rates unchanged at 5.25%

The Bank of England left interest rates unchanged at 5.25% following a surprise rise last month. In January, the Bank increased rates from 5.0% to 5.25% in an attempt to curb inflation, which had hit an 11-year high of 3% the month before.
Wednesday, February 7th 2007 - 20:00 UTC
US Fed chief warns about growing economic inequality

United States Federal Reserve Chairman Ben Bernanke said on Tuesday that while on average economic well-being has increased for US citizens the degree of inequality in economic outcomes has raised as well.
Wednesday, February 7th 2007 - 20:00 UTC
China, the locomotive for Latinamerican expansion

Latinamerica could experience a trade boom in the next five to ten years if China sustains its current rates of growth said Andres Solimano from the UN Economic Commission for Latinamerica, CEPAL.