José Ignacio De Mendiguren, head of the UIA Argentine Industrial Union, mentioned that the Argentine economy is better “than any European country,” and assured that in Europe “they see our economy as a growing market.”
Newspaper salesmen union leader Omar Plaini announced that the CGT’s own analysis of the products of the basic food basket are 52 percent more expensive than those analyzed by Indec national statistics bureau, although the clarified that the definite figures will be released later.
Labour Minister Carlos Tomada and CGT umbrella union secretary-general Hugo Moyano were caught in another political crossfire today, following varying comments made between the government official and labour leader over the new minimum wage rates.
The European Central Bank kept its interest rates on hold today as markets awaited signals from its President Mario Draghi about when he might pull the trigger on his new bond-buying plan.
The European Central Bank held its main interest rate at 0.75 percent, deferring any cut in borrowing costs while it assesses the extent of the euro zone's economic downturn and waits for a cue to use its new bond-purchase program.
The European Central Bank expects the euro zone economy to remain poor, ECB President Mario Draghi said after the bank left interest rates unchanged today.
The European Central Bank will monitor the economic impact of a strengthening euro, ECB President Mario Draghi said today, feeding expectations the climbing currency could open the door to an interest rate cut.
The US Federal Reserve said the economic recovery was still too slow to bring down unemployment, reaffirming its commitment to purchase $600 billion in bonds to stimulate growth and create jobs.
The Bank of England kept its key interest rate at a record low of 0.5 percent, judging that the threat from rising inflation will prove temporary and that Britain's recovery remains in doubt.
The European Central Bank kept euro zone interest rates on hold as expected leaving markets focused on whether Jean-Claude Trichet will flag a June hike by declaring the bank is in a state of "strong vigilance."
"I would expect Trichet to try to raise the probability that they may intervene (in bond markets) but no more than that," said Deutsche Bank economist Gilles Moec.
The European Central Bank held interest rates at 1.5 percent today and is likely to indicate that a policy tightening cycle it began in April is on hold in the face of growing evidence the euro zone's economic recovery is losing momentum.
Downside risks to economic growth in the euro zone have intensified, European Central Bank President Jean-Claude Trichet said today, taking a slightly more gloomy view than a month ago.
The US Federal Reserve left monetary policy on hold and offered a moderately brighter economic outlook, but flagged risks to growth that appeared to leave open the door for further easing.
The European Central Bank cut its main interest rate by 25 basis points to 1.25 percent as the euro zone's worsening debt crisis outweighed the concern over persistently high inflation.
The European Central Bank cut interest rates by a quarter of a point today to counter the twin threats of recession and deflation in the euro zone, and is expected to unveil fresh measures to help banks hurt by the bloc's debt crisis.
The European Central Bank held interest rates at 1.0 percent for the third month running today, pausing to assess the impact of a dramatic sweep of measures that has unsettled some at the bank.
US Federal Reserve Chairman Ben Bernanke today said the US central bank "would not hesitate" to launch another round of bond purchases to drive borrowing costs lower if it looked like the economy needed it.
The European Central Bank left interest rates at 1 percent today, dashing some market expectations that it might move quickly to combat fears about the health of the euro zone.
Euro zone economic growth is weak and uncertainty about the outlook is weighing on confidence in the bloc, European Central Bank President Mario Draghi said after the ECB kept interest rates on hold.
Industrial output in Brazil rose in January from December despite forecasts for a drop, adding to potential pressure on the country's central bank for an aggressive interest rate hike later in the day.