International

Tuesday, November 25th 2008 - 20:00 UTC
Markets world-wide soar on Citicorp rescue plan effect

The Citicorp rescue effect which had markets soaring in Europe and United States also impacted in Latinamerica. Brazil's Bovespa was up 9.8% on Monday recovering most last week's losses and the Mexican IPC rose 7%.
Tuesday, November 25th 2008 - 20:00 UTC
China GDP growth in 2009 “around 7.5%” says World Bank

The World Bank forecasts that China's GDP growth rate will be around 7.5% in 2009, down from 9.4% in 2008 and 11.9% in 2007.China's export growth is likely to be low in 2009 – around 3.5% (in real terms) compared to 11% in 2008.
Tuesday, November 25th 2008 - 20:00 UTC
OECD forecasts unemployment peaks in next two years

The number of unemployed in OECD countries is expected to increase by about 8 million people over the next two years as the most serious recession since the early 1980s takes its toll on economic activity, according to the latest OECD Economic Outlook released on Tuesday.
Monday, November 24th 2008 - 20:00 UTC
APEC Lima summit pledges open markets and free trade

The 21 economies, which represent almost two thirds of the world's GDP pledged during a two-day summit in Lima, Peru not to erect new protectionist barriers for the next year, and to re-launch stalled World Trade Organization talks.
Monday, November 24th 2008 - 20:00 UTC
Calls for better UN coordination of ozone depletion efforts

United Nations should twin its efforts to combat ozone depletion and climate change to reap the greatest economic and environmental benefits, governments concluded at a recent global gathering.
Monday, November 24th 2008 - 20:00 UTC
UK pre-budget report: VAT down two points; record borrowing

Britain's Chancellor Alistair Darling has cut VAT but taken borrowing to record levels in moves he says are needed to save the UK from a deep and long-lasting recession. Top earners also face more tax and all National Insurance contributions will rise, he said in his pre-Budget report.
Sunday, November 23rd 2008 - 20:00 UTC
Apec: Bush defends free trade agreement

George Bush, the outgoing US president, has continued his defence of free market ideology, despite widespread criticism of it being behind the global economic crisis.
Saturday, November 22nd 2008 - 20:00 UTC
The Economist sorts Latam's pragmatists from its populists

Michael Reid is The Economist Americas editor and author of “Forgotten Continent: The Battle for Latin America's Soul” (Yale).
Saturday, November 22nd 2008 - 20:00 UTC
Russian oil giant Lukoil targets Spain's Respsol-YPF

Spanish savings bank La Caixa may sell its 14% stake in struggling Spanish-Argentine energy firm Repsol to Russian firm Lukoil, it said. The sale is tied to the acquisition by Lukoil of a 20% stake held in Repsol by construction group Sacyr Vallehermoso.
Friday, November 21st 2008 - 20:00 UTC
OECD 3Q GDP declined 0.1%, first time in 7 years

Gross domestic product (GDP) in the Organization for Economic Cooperation and Development OECD area declined by 0.1% in the third quarter of 2008, the first fall in seven years, according to preliminary estimates.