International

Saturday, September 6th 2008 - 21:00 UTC
Oil down 40 dollars from its record price of 147 a barrel

Oil prices have dipped below 106 US dollars as traders predicted that rising US unemployment would lead to consumers cutting back on petrol use. US light, sweet crude fell as low as $105.16 a barrel before recovering to settle down $1.66 at $106.23. Brent crude dropped $2.21 to $104.09.
Saturday, September 6th 2008 - 21:00 UTC
Rich countries slowdown threatens emerging economies

While developing countries' economies are forecasted to expand by 6% this year that growth could potentially be checked by the slowdown in wealthier nations, according to a new report by the United Nations Conference on Trade and Development (UNCTAD).
Saturday, September 6th 2008 - 21:00 UTC
Ingrid Betancourt named Woman of the Year

Colombia's former presidential candidate Ingrid Betancourt who was rescued in July from the captivity of the country's leftist rebels has been named the Woman of the Year by the World Awards Association (WAA)the EFE news agency reported Saturday.
Saturday, September 6th 2008 - 21:00 UTC
US, China and Europe: different instruments, different realities

On September 1 and 2, world bankers, economists and finance academics participated in an event hosted by the Argentine Central Bank, “Financial Turbulences. Impact on Developed and emerging economies”
Friday, September 5th 2008 - 21:00 UTC
Retail fish prices soar by nearly 23% in United Kingdom

United Kingdom prices have risen by 8.3%t since the beginning of the year amid fears that Britain is facing the worst economic conditions in decades, a report said Friday.
Thursday, September 4th 2008 - 21:00 UTC
Inflation/growth dilemma leaves UK rates on hold at 5%

The Bank of England Monetary Policy Committee (MPC) decided on Thursday to keep interest rates on hold at 5% for a fifth month as it struggles to deal with a slowing economy and soaring inflation.
Thursday, September 4th 2008 - 21:00 UTC
ECB admits inflation and low growth prospects will persist

With annual inflation rates likely to remain “well above levels consistent with stability” and the latest data confirming the “weakening of real GDP growth in mid 2008”, the European Central Bank, ECB, has left interest rates unchanged at 4.25%.
Thursday, September 4th 2008 - 21:00 UTC
Lamy confirms global trade talks posted to resume next week

The Doha round global trade negotiations will resume “at senior official level” next Tuesday announced World Trade Organization Director General Pascal Lamy on Thursday in Oslo.
Wednesday, September 3rd 2008 - 21:00 UTC
FAO guidelines to ease impact of deep sea areas fishing

Two years of negotiations have resulted in the adoption of new international guidelines to limit the impact of fishing on fragile deep sea fish species and habitats, the United Nations Food and Agriculture Organization, FAO, announced on Wednesday.
Wednesday, September 3rd 2008 - 21:00 UTC
Airlines posted to loose USD 9.3 billion in 2008/09

The global airline industry is expected to post losses of 5.2 billion US dollars this year and another 4.1 billion in 2009, according to the International Air Transport Association (IATA). This year's losses are based on an average crude oil price of 113 US dollars per barrel and 140 US dollars for jet fuel.