Stories for July 9th 2010
Argentina: Toothfish TAC set
Argentine Federal Fisheries Council (CFP) established the total allowable catch (TAC) for toothfish (Dissostichus eleginoides) of 3,250 tonnes for the current year.
Euro zone rates unchanged; all eyes set on 23 July EU banks’ stress-tests
The European Central Bank left its key interest rate on hold for the fourteenth consecutive month in July as the region's banks face stress tests to ensure the stability of the financial system that is threatened by investor fears about debt.
UK leaves rates at a record low for the 16th month running
The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 16th consecutive month. The Bank's Monetary Policy Committee (MPC) also decided on Thursday not to inject any more money into the economy under its policy of quantitative easing (QE).
Kirchner couple fortune climbs 20.6% in one year totalling 14.5 million USD
The fortune of Argentine presidential couple, President Cristina Kirchner and her immediate predecessor and husband, Nestor Kirchner jumped 20.6% in 2009 totalling the equivalent of 14.5 million US dollars, and soared 700% since they first took office in 2003, according to their latest income statements delivered to the country’s Anti Corruption Office.
China confirms it will stick to moderately loose monetary policy
China’s central bank said on Thursday it will stick to a moderately loose monetary policy as economic growth becomes better balanced between consumption, investment and exports.
Radical wing of Brazil’s ruling party exposes weakness of presidential candidate
Brazilian opposition presidential candidate Jose Serra strongly questioned the ‘radical’ positions of hopeful Dilma Rousseff, from the ruling Workers Party, who after publishing and signing her government program in internet was forced, just a few hours later, to make important rectifications.
Kirchner ‘social grassroots leader” proposes celebrating “Son of the b… Day”
A thug described as a “social grassroots leader” belonging to the Kirchner couple’s ‘black shirts’ cadres has proposed Argentina celebrate August 2 as the Day of the “Son of a b….” which is when former military dictator Jorge Rafael Videla was born.
Fifth company, Argos plans to drill for oil off the Falkland Islands says FT
A fifth UK company plans to drill for oil off the Falkland Islands after it raises £70m in a London stock market listing, reports the Financial Times. Argos Resources, which holds licences next to the landmark 250m-barrel Falklands’ oil discovery made by peer Rockhopper Exploration in May, hopes to achieve a £200m value on AIM.
UK and Irish farmers’ claim Brazil’s beef exports fail to meet EU standards
The UK National Farmers Union, NFU and Irish Farmers' Association have expressed concern about the reopening trade talks with the Mercosur group of South American countries because of the impact it could have on farmers.
European Parliament poises two clear positions in battle for agriculture subsidies
Members of the European Parliament have set out their list of demands regarding the future shape of the EU common agricultural policy (CAP), insisting that EU farm payments should not be reduced.
