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Founded in 1876

Tuesday, October 09, 2007

Edition Nº 1782


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Home > Business

Markets Oct 08, 2007

... Read More

Market Report

BUENOS AIRES
Argentine stocks eked out small gains yesterday in light, cautious trade due to a holiday in the United States that closed some markets, traders said. The MerVal index of 25 leading stocks added 0.39 percent to close at 2,286.71 points.

SAO PAULO
Brazil's stock market rose to a... Read More

UK to cut 2008 growth forecast

LONDON — British Treasury chief Alistair Darling is expected to cut the strong growth economic forecasts for next year made by his predecessor — and current Prime Minister — Gordon Brown when he presents his first pre-budget report today.
Economists had also tipped that Darling would use the spending update to... Read More

EU fears US will drag down economy

BRUSSELS — European Union finance ministers were meeting yesterday to assess how the strong euro and financial market turmoil could cut into the region’s economic growth surge.
Europe’s export-led boom is starting to lose its luster as EU officials downgrade their economic forecasts for the year over worries about currency exchange... Read More

Thomson’s Reuters buyout faces inquiry

BRUSSELS — Thomson Corp.’s US$18.4 billion offer for news and information company Reuters Group PLC will face an in-depth inquiry by EU antitrust regulators, the European Commission said yesterday.
The EU’s executive arm said that its initial investigation raised “serious doubts as regards adverse effects on competition in several markets of... Read More

CAFTA
Costa Rica passes US trade pact

SAN JOSE — Costa Ricans narrowly approved a free trade deal with the United States in a referendum on Sunday that has split the Central American nation like no other issue in decades.
Fifty-two percent of voters backed the Central American Free Trade Agreement, or CAFTA, according to returns from... Read More

Global steel demand to rise by over 6 percent in 2008

“Although global economic risks have increased, the IISI forecast assumes that the recent credit market volatility will not move the US economy into recession,” International Iron and Steel Institute Chairman John Surma told reporters. Read More