Switzerland World Economic Forum

2010-01-30T04:15:33Z

Governor of the Central Bank of Mexico Agustin Carstens, left, exits after a meeting of bankers at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010. (AP Photo/

Mexico GDP down 6.8 percent in 2009

2010-02-22T13:24:20Z

<div id="subtitle">Mexico GDP down 6.8 percent in 2009, worst in 30 years</div><div><p>Mexico's economy shrank 6.8 percent in 2009, the worst result in at least 30 years, the Treasury Department said Friday.</p><p>The decline in full-year gross domestic product outpaced the 6.2...

Mexico sees record 15.7 pct drop in remittances

2010-02-22T14:09:42Z

<div id="subtitle">Mexico sees record 15.7 percent annual drop in money sent home by migrants</div><div><p>Money sent home by Mexicans abroad plunged a record 15.7 percent in 2009 as migrants worldwide struggled to find work during the global economic slowdown, the central bank reported Wednesday.</p><p>Remittances — Mexico's No. 2 source of foreign income after oil exp...

American judge freezes Argentina account in US

2010-02-22T21:25:42Z

<div id="subtitle">American judge freezes Argentina government account held at US Federal Reserve</div><div><p>An American judge has frozen a government account that Argentina's central bank holds with the U.S. Federal Reserve, a top Argent...

Mexican president says crime now 3rd priority

2010-02-23T00:07:50Z

<div id="subtitle">Mexican president says jobs, poverty now top 2 priorities; anti-crime offensive 3rd</div><div><p>Mexican President Felipe Calderon said Wednesday that jobs and reducing poverty will be his top two priorities in 2010, while the fight against drug cartels that dominated the first half of his presidency placed third.</p><p>In a televise...

In Latin America, recovery weaker for US allies

2010-02-24T23:17:15Z

<div><p>The nascent global recovery is dividing Latin America between economies that pay the price for ties with the United States and those that benefit from growing links with Asia, experts said.</p><p>"The US economy is getting better, but with a lot of uncertainty along the road,"

Venezuela predicts 0.5 percent growth in 2010

2010-02-24T23:24:39Z

<div id="subtitle">Venezuela predicts 2010 economic growth at 0.5 percent, inflation at 22 percent or less</div><div><p>President Hugo Chavez said Friday that Venezuela will base its 2010 budget on expectations of 0.5 percent economic growth and inflation no higher than 22 percent, despite depressed world prices for oil, the nation's bigg...

U.S. business prods Obama on trade with jobs study

2010-02-25T07:12:45Z

<div><p>WASHINGTON (Reuters) - The United States risks losing more than 500,000 jobs unless President Barack Obama steps up effort to pass trade deals and fix disputes that threaten U.S. exports, a top business group said on Tuesday.</p><p>"We need stronger trade ...

BRITAIN-FINANCE-ECONOMY-G20

2009-09-05T11:31:02Z

Mexico's Finance Minister Agustin Carstens arrives for the G20 Finance Ministers summit at the Treasury in London, on September 5, 2009. Finance ministers from the world's largest and fastest-emerging economies were meeting here Saturday to map out post-crisis exit strategies and tackle sharp differences over bankers' bonuses. AFP PHOTO/Dominic L...

Britain G20 Finance Ministers

2009-09-05T03:00:21Z

British Prime MInister Gordon Brown, left, greets Henrique Meirelles of the Brazilian Central Bank, centre, and Brazilian Finance Minister Guido Mantega at the G20 Finance Ministers Meeting held at the Treasury in central Mexico's Finance Minister, Agustin Carstens, arrives for the G20 Finance Ministers meeting at the Treasury, in central London September 5, 2009. The G20 group of advanced and emerging nations have agreed on some curbs on bankers' pay, such as clawback for poor performance and forcing banks to disclose how much top earners receive, a G7 source said on Saturday. REUTERS/Dominic Lipinsk...

Cuba slams US inaction on ending trade embargo

2010-02-25T11:40:39Z

<div><p>Cuba complained Friday that the United States' easing of restrictions on Cuban-Americans' travel and remittances was little more than a "cosmetic" change that leaves in place a US economic embargo.</p><p>US Treasury on Thursday eased restrictio...

Workers remove a strike banner from the entrance of Volkswagen AG's Mexican plant in Puebla

2009-08-22T14:16:17Z

Workers remove a strike banner from the entrance of Volkswagen AG's Mexican plant in Puebla August 22, 2009. Volkswagen agreed on Saturday to give workers at its plant in Mexico, who went on strike on Tuesday, a 3 percent raise and a one-time cash payment, clearing the way to end a strike in an industry already hurt by the U.S. recession....

A look at economic developments around the globe

2010-02-25T18:46:47Z

<div id="subtitle">A look at economic developments and activity in major stock markets around the world</div><div><p>A look at economic developments and activity in major stock markets around the world Friday:</p><p>___</p><p>LONDON — Financial information company Markit said mounting optimism helped its composite purcha...

Brazil's Finance Minister Mantega talks during a news conference after a meeting with Argentina's Finance Minister Boudou at the Finance Ministry in Brasilia

2009-08-19T15:40:43Z

Brazil's Finance Minister Guido Mantega talks during a news conference after a meeting with Argentina's Finance Minister Amado Boudou at the Finance Ministry in Brasilia August 19, 2009. REUTERS/Roberto Jayme (BRAZIL POLITICS)...

Brazil's Finance Minister Mantega and Argentina's Finance Minister Boudou attend a news conference after a meeting at the Finance Ministry in Brasilia

2009-08-19T15:15:55Z

Brazil's Finance Minister Guido Mantega and Argentina's Finance Minister Amado Boudou attend a news conference after a meeting at the Finance Ministry in Brasilia August 19, 2009. REUTERS/Roberto Jayme (BRAZIL BUSINESS POLITICS)...

Obama in first summit with Mexico, Canada leaders

2010-02-25T22:32:57Z

<div><p>US President Barack Obama attends his first summit of North American leaders in Mexico on Sunday, with the economic crisis and swine flu on an agenda overshadowed by Mexican drug violence.</p><p>Hundreds of Mexican soldiers and police deployed in the western city of Guadalajara for...

Immigrants from Mexico decline to lowest in decade

2010-02-26T06:28:55Z

<div id="subtitle">Study: Recession slowing illegal immigration from Mexico, but those already here staying put</div><div><p>Apparently deterred by rising unemployment in the U.S., the number of Mexican immigrants who crossed the border dropped sharply in the past year to the lowest level in a decade, even while undocumented workers already here are opting to stay.</p><p&g...

Mexico central bank cuts reference rate 0.25 pct

2010-02-26T08:08:09Z

<div id="subtitle">Mexico central bank cuts reference interest rate by 0.25 pct to 4.50 pct</div><div><p>Mexico's central bank cut its benchmark interest rate by a quarter percentage point Friday, dropping the interbank rate to 4.50 percent to stimulate a recession-dogged economy.</p><p>The peso strengthened after ...

Text of President Obama Tuesday

2010-02-26T17:38:11Z

<div id="subtitle">Text of President Obama's news conference Tuesday</div><div><p>Text of President Barack Obama's news conference Tuesday, as transcribed by CQ Transcriptions.</p><p>___</p><p>OBAMA: Hello, everybody. Good afternoon, everybody.</p&a...

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