International

Thursday, March 8th 2007 - 21:00 UTC
Euro zone rate up 25 points to 3.75%; unchanged in UK

The European Central Bank raised its key interest rate 25 points to 3.75% in an attempt to keep inflation under control and in the United Kingdom the Bank of England left rates unchanged at 5.25%.
Wednesday, March 7th 2007 - 21:00 UTC
Greenspan: “one third probability” of recession

Former Federal Reserve Chairman Alan Greenspan said there's a “one-third probability” of a recession this year in United States and that the current expansion won't have the staying power of its decade-long predecessor.
Wednesday, March 7th 2007 - 21:00 UTC
World economy “is very strong”, says US Treasury Secretary

United States Treasury Secretary Henry Paulson in the middle of an Asian tour and currently in South Korea expressed confidence in the global economy describing it as strong and characterized by low inflation.
Tuesday, March 6th 2007 - 21:00 UTC
London and Paris among the top four most expensive cities

Four European cities are the most expensive in the world claims a survey from the Economist Intelligence Unit's worldwide cost of living survey. Latinamerica on the other hand has the cheapest average cost of living.
Tuesday, March 6th 2007 - 21:00 UTC
Global markets rebound; caution over US economy data

Stock markets around the world rebounded on Tuesday after five days of losses but concerns over volatility remain. In Latinamerica major stock markets followed on the world reaction with Sao Paulo soaring almost 5%.
Monday, March 5th 2007 - 21:00 UTC
Uncertain week for global markets: all eyes on China

Global stock markets face an uncertain week after a slump in China and fears of an economic slowdown in United States saw the biggest sell-off in more than four years.
Monday, March 5th 2007 - 21:00 UTC
Global markets volatility persists: investors dump stocks

The global stock market slump has entered its second week with stocks plunging in Wall Street, Asia, Europe and Latinamerica. Although the key US Dow Jones index remained positive for most of Monday, towards the end of the session it closed down 63.7 points, or 0.5%, at 12,050.4.
Monday, March 5th 2007 - 21:00 UTC
Bush vows millions for Latin American programs

President Bush, facing criticism he has ignored Latin America, said Monday the region's grinding poverty is a scandal that has caused some to question the value of democracy.
Monday, March 5th 2007 - 21:00 UTC
FAO sounds alarm on some high-seas fish stocks

The Food and Agriculture Organisation (FAO) on Monday voiced “serious concern” over a number of species of fish caught on the high seas and called for better monitoring and management of the stocks.
Sunday, March 4th 2007 - 21:00 UTC
Ethanol prices could push food prices higher warns USDA

Ethanol will devour 50% more corn this year, eating into the food industry's share of the crop, anticipated the United States Agriculture Department. From breakfast cereal to beef to beer, competition from ethanol could raise prices for all kinds of foods.