Rate of Growth in US Slows

The Federal Reserve’s latest survey on regional economic conditions indicates that the rate of growth in the US has slowed down from its earlier pace in the year.

Interest Rate Rises

Interest rates in Australia have been raised for the fifth time in nine months. The new rate was set at 6.25% by the Reserve Bank of Australia amidst fears of runaway inflation.

Government Reforms Fail to Inspire Confidence

In spite of the introduction of laws this year to protect minority investors and to eliminate capital controls, levels of investment and trade volumes have remained low in Chile in recent months.