Economy

Friday, January 12th 2007 - 20:00 UTC
Argentina says “Oust Botnia” stamped bills fully valid

Argentina's Central Bank said yesterday that bills that have been stamped the legend “Oust Botnia” amid a dispute between Argentina and Uruguay over a Uruguayan pulp mill ÃÂ¢€“ and that in hundreds of cases have been retained by cashiers as false ÃÂ¢€” are fully valid and cannot be rejected by anyone or retained by banks.
Thursday, January 11th 2007 - 20:00 UTC
Bank of England surprise move takes rate to 5.25%

The Bank of England raised Thursday UK interest rates to 5.25% from 5% in an effort to curb inflation and surprising analysts who were expecting the decision for next month.
Thursday, January 11th 2007 - 20:00 UTC
Euro zone interest rate remains unchanged at 3.5%

The European Central Bank balancing growth against inflation held its key interest rate steady at 3.5% Thursday but is expected to keep a close eye on prices and economic momentum ahead of a possible increase in March.
Thursday, January 11th 2007 - 20:00 UTC
US calls on Brazil to relaunch stalled Doha round talks

United States on Thursday called on Brazil to exercise influence over its peers in the G-20 group of developing nations and try to achieve a breakthrough in the stalled Doha global trade talks.
Thursday, January 11th 2007 - 20:00 UTC
Morales announces 2007 nationalization of mining industry

Bolivian President Evo Morales renewed his pledge to nationalize his country's mining industry, saying he would complete the task this year.
Thursday, January 11th 2007 - 20:00 UTC
Chile in US list of “intellectual property” rigging

The Office of the U.S. Trade Representative (USTR) announced this week that Chile has been elevated from its “Watch List” to its “Priority Watch List” for alleged failure to comply with U.S. standards for intellectual property rights protection. The USTR cited the software and pharmaceutical industries in Chile as presenting the greatest threats to American business interests.
Thursday, January 11th 2007 - 20:00 UTC
Oil plunges to its lowest level price since May 2005

Oil plunged Thursday to its lowest level price since May 2005, below 52 US dollars a barrel, following the continued steep rise in heating oil stocks in United States and a resumption of crude pumping top Europe by Russia.
Wednesday, January 10th 2007 - 20:00 UTC
Venezuela's nationalization plans spook markets and investors

Investors scared by President Hugo Chavez's nationalization plans rushed to sell off Venezuelan stocks Tuesday, while U.S. officials and financial analysts warned that increasing government control in the power, telecom and oil sectors is a mistake.
Wednesday, January 10th 2007 - 20:00 UTC
Chile stamps definitive 33% tariff on Argentine wheat flour

Chile decided on Tuesday to increase to 33%, and during three months, safeguard tariffs on Argentina wheat flour, reported in Santiago the Minister of Agriculture Alvaro Rojas.
Wednesday, January 10th 2007 - 20:00 UTC
China's trade soaring: 969 billion exports last year

China's trade surplus in 2006 reached a mind bogging 177.5 billion US dollars compared to 102 billion in 2005, reported Wednesday the Chinese news agency Xinhua.