Economy

• Monday, May 21st 2012 - 03:48 UTC

  Biggleswade farm exports pedigree pigs by air to the Falkland Islands

  

  Guy Kiddy who runs Solitaire Farm in Drove Road, Biggleswade, Bedfordshire has been exporting pigs across the world for years, but never expected he had to prepare to send two to the Falkland Islands for breeding.

• Monday, May 21st 2012 - 01:25 UTC

  Bargains forecasts in Uruguay as Argentine investors withdraw funds following new bank rules

  

  By Dean Steinbeck (*) As much as it defies common sense, Uruguay entered into a tax sharing agreement that will scare off Argentine investors; the same group of people who are Uruguay’s biggest source of capital, investment, and innovation.

• Saturday, May 19th 2012 - 14:21 UTC

  Argentine activity expands 4% in March but continues steady deceleration

  

  Argentina's economic activity slowed in March to 4% year-on-year continuing a steady deceleration from the China-like rates seen through October, government data showed on Friday.

• Friday, May 18th 2012 - 23:03 UTC

  World’s 29 biggest banks need to raise 566bn dollars of common equity by 2019

  

  The world’s biggest banks may have to raise about 566 billion dollars of common equity to meet rules on capital to be implemented by 2019, curtailing shareholder returns, according to analysts at Fitch Ratings.

• Friday, May 18th 2012 - 22:54 UTC

  EU ambassador in Argentina suggests “negotiated agreement” for the Repsol/YPF dispute

  

  The European Ambassador to Argentina, Spanish native Alfonso Díez Torres, stressed on Friday that the solution for the YPF seizure conflict would be “a negotiated agreement” between Argentina and Repsol.

• Friday, May 18th 2012 - 18:03 UTC

  CFK highlights “magnificent opportunity” for Angola/Argentina trade

  

  President Cristina Fernández highlighted the “magnificent opportunity” Argentina and Angola had in coming together on future business transactions, particularly in the face of the global financial crisis, while addressing a meeting with businessmen in Angloa where she is on a three day official visit.

• Friday, May 18th 2012 - 17:57 UTC

  EC and ECB making contingency plans for possible Greek exit from the Euro

  

  European Commission and European Central Bank are making contingency plans for a possible Greek exit from the euro, an EU commissioner says.

• Friday, May 18th 2012 - 16:43 UTC

  JPMorgan admits billions of losses from flawed trading strategy with derivatives

  

  The US mega-bank JPMorgan Chase & Co loss from derivatives trading may widen to 5 billion dollars, the Wall Street Journal reported on Friday. CEO Jamie Dimon personally approved the strategy that led to the trades, without monitoring how they were executed, the newspaper said.

• Friday, May 18th 2012 - 16:41 UTC

  UN independent experts call on EU to adopt a global financial transaction tax

  

  A group of United Nations independent experts called on the European Union (EU) to take the lead in promoting the adoption of a global financial transaction tax that would offset the costs of the current economic crisis and protect basic human rights.

• Friday, May 18th 2012 - 16:36 UTC

  “Let’s face it: the old (economic) model is broken: we need to create a new one”

  

  United Nations senior officials stressed the importance of establishing a new paradigm for growth that ensures social inclusiveness, job opportunities for all, and more accountability from the financial sector to tackle the ongoing global economic crisis.