Canada’s Barrick Gold Corp making a painful adjustment to a sustained slump in bullion prices, reported progress in controlling costs and said it planned further cuts in capital spending.
Economy minister Hernan Lorenzino became the laughing stock of Argentina when a video was revealed showing him suspending an interview with Greek television arguing that Argentine inflation ‘is too complex’ and telling his aides, ‘I want to leave’. One of the aides then tells the Greek reporter that in Argentina ‘we don’t discuss inflation’.
The Federal Reserve Board on Wednesday announced that the redesigned 100 dollars note will begin circulating on October 8, 2013. This note, which incorporates new security features such as a blue, 3-D security ribbon, will be easier for the public to authenticate but more difficult for counterfeiters to replicate.
Australia’s beef and veal exports for March increased 5% year-on-year, to 87,742 tonnes swt, with the Chinese market again setting a monthly record high, at 12,320 tonnes swt (Department of Agriculture, Forestry and Fisheries).
The rate of poverty in Argentina dropped to 5.4% last year and indigence was down to 1.5%, according to data released by the controversial government’s stats office, Indec. A person ceases to be indigent in Argentina if he can feed on 6 Pesos daily, which based on the official rate is just over one dollar but in the parallel market 75 US cents.
The United States Mint has temporarily suspended sales of one-tenth ounce American Gold Eagle bullion coins. The suspension was indicated late Tuesday within a memo distributed to authorized purchasers citing recent strong demand for the gold bullion coins.
China is on course to overtake the US as the world’s top crude importer by 2014, as the Asian country’s growing refining capacity boosts demand and America’s fracking boom cuts the need for foreign oil, OPEC said in its monthly report.
“The Falkland Islands is about people; it is not about rocks. It is about people’s right to lead lives as they wish to lead them. As people in Argentina can: to live in peace, prosperity. It is about making their choices and leading their lives and having their home as an expression of their wishes, not somebody else’s wishes. They should be able to self-determine their own futures”.
Three Latin American presidents called for inclusive growth in the region through comprehensive reforms at the opening of the 2013 World Economic Forum on Latin America which is taking place in Lima, Peru.
The UK government has launched a legal challenge against plans for a European financial transactions tax (FTT), according to the BBC. The FTT will be adopted by 11 EU states, but not by the UK and Ministers fear it could be imposed on UK firms trading with businesses based in one of the 11 states.