Tag: economy

• Wednesday, April 28th 2010 - 01:04 UTC

  Bernanke Warns White House About Failure to Reduce Federal Budget Deficit

  

  Federal Reserve Chairman Ben S. Bernanke said a failure to reduce the federal budget deficit may push up interest rates over time and impair economic growth, putting the recovery at risk.

• Tuesday, April 27th 2010 - 22:06 UTC

  US Senate Claims Goldman Sachs Knowingly Profited from Mortgage Collapse

  

  The chairman of an inquiry into the causes of United States' financial meltdown has attacked the role of Goldman Sachs. Senator Carl Levin spoke of the reckless greed that infected Wall Street's financial community.

• Tuesday, April 27th 2010 - 21:57 UTC

  IMF Warns Latam “Cheap and Abundant Credit” Rises Risk of Boom-Bust Cycle

  

  Latin American economies as a whole are recovering nicely from the global economic downturn but “cheap and abundant external finances raise the risk of a boom-bust cycle”, said Nicolas Eyzaguirre, IMF Western Hemisphere Department Director.

• Tuesday, April 27th 2010 - 06:03 UTC

  US Judge Griesa Denies Request to Suspend Argentina’s Debt Swap

  

  A US judge denied requests by a class of mostly individual bondholders to suspend or disapprove of Argentina's 20 billion US dollars debt swap.

• Tuesday, April 27th 2010 - 05:55 UTC

  Concerns with Inflation Anticipate Brazil will Raise Benchmark Interest Rate

  

  Brazil’s next government will need to be “very serious” about keeping inflation within its target range so real interest rates can continue to fall, Central Bank President Henrique Meirelles said.

• Tuesday, April 27th 2010 - 05:47 UTC

  Argentina Insists that Official Statistical Information is “Trustworthy and Solid”

  

  Argentina’s Deputy Economy Minister Roberto Feletti said the Government “will not accept economic policies to be dictated” by the International Monetary Fund (IMF) and added that country's statistical information is “trustworthy and solid.”

• Monday, April 26th 2010 - 05:24 UTC

  Goldman Sachs Incriminating E-mails Surface in US Senate Investigation

  

  Investment bank Goldman Sachs executives boasted about the money the bank was making while the US housing market was collapsing in 2007, released company e-mails show.

• Monday, April 26th 2010 - 01:36 UTC

  World Bank Agrees to Increased Capital and Voting Power for Developing Countries

  

  The 186 countries that own the World Bank Group endorsed on Sunday boosting its capital by more than 86 billion US dollars and giving developing countries more influence.

• Saturday, April 24th 2010 - 11:08 UTC

  Exchange Rate Disorder

  

  By Jose Antonio Ocampo – Two troubling features of the ongoing economic recovery are the depressed nature of world trade and the early revival of international global payment imbalances. Estimates by the International Monetary Fund and the United Nations indicate that the volume of international trade in 2010 will still be 7% to 8% below its 2008 peak, while many or most countries, including industrial nations, are seeking to boost their current accounts.

• Saturday, April 24th 2010 - 08:08 UTC

  Brazil to Sell Bonds in Global Markets Given Lowest Borrowing Costs Since 2007

  

  Brazil plans to sell bonds in international markets in coming weeks, taking advantage of the lowest borrowing costs since October 2007, Treasury Secretary Arno Augustin said.