Emerging markets helped boost Scotch whisky exports by 22% in the first half of this year, according to new figures. The Scotch Whisky Association (SWA) said global shipments between January and June reached £1.8bn, up from £1.47bn achieved during the same period in 2010.
China’s imports hit a record monthly high in August, indicating a strong domestic demand despite concerns of a global economic slowdown. Imports surged by 30.2% from a year earlier to 155.6 billion dollars, government data released over the weekend showed.
OPEC cut its forecast Monday for global oil demand and production, citing the slowing economic recovery. In its monthly report, the Organization of Petroleum Exporting Countries said it expected demand growth to drop to 1.1 million barrels per day -- 150,000 barrels per day fewer than its earlier forecasts.
Economic growth is slowing but there is no sign of a worldwide recession, according to global central bankers who said they had no plans for concerted action.
Brazil latest harvest (2010/2011) should reach 162.9 million tons of grains and oilseeds establishing a new record according to the latest release by the National Supplies Company, Conab.
Western and Middle Eastern governments pledged to help Egypt, Tunisia, Morocco and Jordan make the transition to democracy, mobilizing 38 billion dollars of financing, mostly through international lending organizations.
Germany has proposed Deputy Finance minister Joerg Asmussen to replace Juergen Stark on the European Central Bank's executive board, Finance Minister Wolfgang Schaeuble said.
New Zealand's biggest meat company expects the horde of carnivorous rugby fans to consume an extra 70,000 of sheep, cattle and deer during the Rugby World Cup that took off last Friday.
Argentina’s government will monitor ownership changes at Spain’s Repsol and it reserves the right to wield its golden share in YPF, the Spanish concern’s local unit, YPF, said in a statement after a board meeting that included a state-appointed director.
Latin American shares sank on Friday as global equity markets plunged on fears a Greek default could hobble major European banks and deepen a global economic slowdown.