IBTimes Australia : Americas Economy

G20 parts ways in search of lasting recovery

Tue, 29 Jun 2010 10:51:55 +1000

World leaders agreed on Sunday to take different paths for cutting budget deficits and making their banking systems safer, a reflection of the uneven and fragile economic recovery in many countries.

G20: Much ado about something?

Tue, 29 Jun 2010 02:32:53 +1000

G20 leaders agree to disagree on how to engineer their respective economic recoveries.

Central banks warn of new crisis if exit left too late

Tue, 29 Jun 2010 01:23:20 +1000

Central banks warn of new crisis if exit left too late

G20 offers no big boost for fearful markets

Tue, 29 Jun 2010 01:18:09 +1000

Deficit pledges made by Group of 20 leaders on Sunday won't provide a big boost for financial markets.

G20 searches for common pace in uneven recovery

Sun, 27 Jun 2010 06:25:49 +1000

World leaders cast about for a common approach on Saturday to securing an uneven economic recovery that is showing signs of fading.

DP PM Swan takes the helm in G20 meetings

Fri, 25 Jun 2010 13:39:22 +1000

With the sudden change in leadership, Australia's representative to the G20 meeting this weekend is Deputy Prime Minister Wayne Swan.

Healthcare in US ranks last among developed countries: report

Thu, 24 Jun 2010 05:22:44 +1000

Commonwealth Fund finds the status of healthcare system in the US compared with other developed nations

Millionaires increased spending on luxuries in '09

Thu, 24 Jun 2010 02:34:36 +1000

As financial markets recovered last year, the world's millionaires again indulged in their passions for luxury cars, yachts, art and jewelry.

Canada's annual inflation rate slows to 1.4 pct

Wed, 23 Jun 2010 23:50:29 +1000

Canada’s annual inflation rate slowed to 1.4 percent in May due to reasonable gasoline costs and lower prices for clothing.

Nasdaq briefly turns lower

Tue, 22 Jun 2010 08:16:01 +1000

The Nasdaq briefly turned lower and the Dow and S&P 500 pared gains in afternoon trading on Monday, with Research In Motion among the top drags on the Nasdaq.

Canada April wholesale figures decline 0.3pct as currency fluctuates

Sat, 19 Jun 2010 17:44:23 +1000

Canadian wholesale figures fell in April, led by the declines in both the motor vehicle and autoparts.

Developing countries to ramp up agricultural production

Thu, 17 Jun 2010 09:57:41 +1000

Developing countries are projected to lead the growth in agricultural production in the coming decade, according to a study by the OECD and FAO.

Russia weighs addition of Australian, Canadian dollars to its forex reserves: report

Thu, 17 Jun 2010 03:41:01 +1000

Russia may add the Australian and Canadian dollars to its international reserves for the first time on the back of good performance of these currencies in the past 12 months.

OECD sees 60 pct of world GDP from developing countries by 2030

Thu, 17 Jun 2010 03:22:36 +1000

India and China influence the key macroeconomic variables that matter for poor countries: interest rates, the price of raw materials, and wage levels for low-skill jobs.

India, Brazil on hold, luxury targets Middle East

Wed, 16 Jun 2010 00:51:10 +1000

Luxury groups discouraged by thickets of red tape and taxes are putting on ice ambitions to expand into India and Brazil and focusing instead on the Middle East, their No.2 priority after fast-growing China.

Canada posts C$175 mln trade surplus in April

Sat, 12 Jun 2010 02:05:21 +1000

Canada’s balance of trade with the world swung to a surplus in April as imports fell more than its exports.

Rate hikes in Canada, N.Z. won't lead to global tightening

Fri, 11 Jun 2010 10:40:03 +1000

Might Canada and New Zealand lead a new wave of higher interest rates around the developed world? Not likely,

New Zealand raises key interest rate; exports surge

Fri, 11 Jun 2010 03:19:05 +1000

The central bank said it is appropriate to remove policy stimulus gradually even as it tries to strike a balance between rising prices and the country's growth rate.

Key facts from World Bank's Global Economic Prospects 2010 report

Thu, 10 Jun 2010 21:46:25 +1000

World Bank report on global economic prospects 2010

Brazil stocks, currency boosted by booming GDP data

Thu, 10 Jun 2010 02:48:43 +1000

Brazilian stocks and the country's currency rebounded on Tuesday after data showed Latin America's largest economy grew at its fastest pace in over a decade.

G20 issues draft statement warning of fragile global recovery

Fri, 04 Jun 2010 17:18:39 +1000

A communiqué draft released by the Group of 20 economic world powers yesterday has cautioned that the ongoing global recovery is still fragile as showcased by recent volatility in the financial markets.

Bank of Canada hikes key interest rate to 0.5 pct

Wed, 02 Jun 2010 06:26:24 +1000

The Bank of Canada on Tuesday raised its key interest rate by 25 basis points to 0.5 percent for the first time since 2007, making Canada the first G7 country to do so after the global financial crisis.

Economies growing fast but face recovery risks: OECD

Thu, 27 May 2010 04:37:58 +1000

OECD says recovery process could be hit by ongoing euro-zone debt crisis and overheating in emerging countries

OECD sees BRIC economies powering ahead in 2010-11

Wed, 26 May 2010 23:34:31 +1000

China, India, Brazil and Russia are powering ahead, the Organisation for Economic Cooperation and Development said on Wednesday, revising upwards its growth outlook for all four largest emerging economies.

Canadian consumers splurge in March

Sat, 22 May 2010 12:48:56 +1000

Canadian retail sales surged in March, increasing 2.1 percent from February to 37 billion Canadian dollars.

Brazil economists raise 2010 IPCA, GDP forecasts

Tue, 18 May 2010 02:03:51 +1000

Economists in a weekly central bank survey lifted their forecasts for inflation and expansion in Brazil in 2010 on expectations growth in Latin America's largest economy will pressure consumer prices.

Brazilian president expects doubled trade with Russia, use of own currencies

Sat, 15 May 2010 03:33:14 +1000

The Russia and Brazil presidents are meeting in Moscow and discussing increased economic cooperation. An important decision is the future use of national currencies in reciprocal payments, a Kremlin source said.

Canada posts historic gain in jobs in April

Sat, 08 May 2010 02:39:11 +1000

A record number of Canadians returned to work in April, adding pressure on the Bank of Canada to raise interest rates in June, ahead of other major industrialized countries.

January GDP up 0.6 pct on widespread growth

Thu, 01 Apr 2010 00:24:06 +1100

Canada's economy grew 0.6 percent in January compared with December, led by widespread gains in manufacturing, as well as strong wholesale trade, construction, retail sales and finance, Statistics Canada said on Wednesday.

Canada economy grows in Jan on widespread gains

Thu, 01 Apr 2010 04:13:23 +1100

Canada's economy continued to grow at a fast clip in January as strong manufacturing, construction and wholesale activity led to 0.6 percent growth in the month, beating market expectations.