Inflation in China has risen to its highest level for three years, despite a series of interest rate rises and curbs on bank lending. Prices in June rose 6.4% from a year earlier, well above the rate for May.
Brazil’s JBS SA, the world’s biggest beef producer, is betting on a rebound in U.S. meat sales as a weak dollar makes production in the country as competitive as in emerging markets.
The latest issue of U.K.-based Decanter magazine focused on the growing wine culture in Chile, a country it deemed a “grape growing and wine producing paradise” due its geographical diversity.
VISITOR arrivals in 2011 including inbound overnight tourists, cruise passengers and domestic tourists are expected to total almost 64,000, spending £6.85 million, according to the Falkland Islands Tourist Board forecast for the first quarter of 2011.
The European Union and Mercosur concluded Friday in Brussels the sixth round of negotiations for a cooperation and trade agreement without any formal exchange of proposals but with the commitment to continue discussions.
The Bank of England's Monetary Policy Committee (MPC) has kept UK interest rates on hold at a record low of 0.5%. Economists had expected no move in rates because the latest data has shown the UK economic recovery remains weak.
The European Commission approved this week 26 programs in 13 Member States to provide information and promote agricultural products in the European Union. Total budget for the programs, which will run for between one and three years, is €75.1 million, of which the EU will contribute €37.6 million (50%).
The head of the IMF Western Hemisphere Department Nicolas Eyzaguirre described the Argentine economy as “a frying pan with boiling oil”, in direct reference to a possible overheating as was recently warned by The Economist.
Foot and mouth disease, FMD, brucellosis, rabies and Pest des Petites Rumiants (PPR) are the next disease-elimination targets for FAO and OIE following success over rinderpest. The FAO conference officially recognized last week global freedom from the deadly cattle virus.
European policymakers grappling with problems in Greece, Portugal, Ireland and Spain should follow the path set by the Uruguayan government a decade ago, dealmaker William Rhodes told CNBC on Thursday.