Economy

Economy
Monday, April 14th 2014 - 15:52 UTC

FAO warns agriculture greenhouse emissions have doubled in 50 years

Emissions from crop and livestock grew 14% to 5,3 billion tons of carbon dioxide between 2001 and 2011

From farming to forestry and fisheries, agriculture greenhouse emissions have nearly doubled over the past 50 years and may increase by another 30% by 2050, according to new estimates from the UN Food and Agricultural Organization (FAO).

Monday, April 14th 2014 - 15:50 UTC

World trade expected to grow 4.7% this year and 5.3% in 2015, says WTO

WTO Director-General Azevêdo said. “It's clear that trade is going to improve as the world economy improves”.

World trade is expected to grow by a modest 4.7% in 2014 and at a slightly faster rate of 5.3% in 2015 World Trade Organization economists announced on Monday. The 4.7% forecast is more than double the 2.1% increase of last year, but remains below the 20-year average of 5.3%. For the past two years, growth has averaged only 2.2%.

Saturday, April 12th 2014 - 09:03 UTC

Argentine government disavows the strike and confirms current policies

“Not a speck of chance of modifying the current course” said Labor minister Tomada

The Argentine government said on Friday there is no turning back of current policies despite the massive national strike that paralyzed the country on Thursday and insisted that the real impact was the result of the roadblocks in the accesses to the main cities.

Saturday, April 12th 2014 - 08:45 UTC

Oil race fuels new Falklands chapter

”The war completely changed the Falklands from an economic perspective,” said Mike Summers

The following article from the Sydney Morning Herald was written by Chris Zappone, who recently visited the Falkland Islands as a guest of the local government and the Foreign Office.The Falkland Islands are not an easy place to reach. Flights come only weekly. Cruise ships making the trip brave frigid seas, freezing nights and recently, harassment from Argentine dockworkers.

Saturday, April 12th 2014 - 08:40 UTC

G20 give the US until year-end to ratify long delayed reforms to IMF

Some Republicans in Congress have complained the changes would cost too much at a time Washington was running big budget deficits

Finance chiefs from around the globe gave the United States until year-end to ratify long-delayed reforms to the International Monetary Fund and threatened to move forward without it if it fails to do so.

Friday, April 11th 2014 - 22:06 UTC

Greece returns strongly to the bond market with a 3-billion Euro issue at 4.95%

“Greece is leaving the bailout and the crisis behind,” deputy Prime Minister Evangelos Venizelos

Two years after it nearly crashed out of the Euro zone, Greece returned to the bond market this week with yield-hungry investors rushing to buy its debt in a 3-billion Euro deal that could mark the beginning of the end of its bailout. Athens offered a yield of just 4.95% to sell five-year bonds, the second lowest borrowing costs for a bailed-out Euro zone state returning to market.

Friday, April 11th 2014 - 08:30 UTC

Brazil says there is enough coffee to supply exports and domestic market

Nathan Herszkowicz, executive director of Abic: “We don't want to over-dramatize the situation”

Brazil has enough coffee stocks to supply exports and domestic demand this year even though a severe drought will result in a lower-than-expected harvest, the nation's coffee industry association Abic said on Thursday.

Friday, April 11th 2014 - 08:19 UTC

Chevron and YPF unveil plans to invest another 1.6bn in Vaca Muerta shale

The second phase of exploration calls for drilling 1,500 wells across 395 square kilometers

US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another 1.6 billion dollars to develop Argentina's Vaca Muerta shale formation for oil and gas projects. The investment comes on top of 1.2 billion Chevron agreed to spend last year for a shale pilot project.

Friday, April 11th 2014 - 04:31 UTC

China's foreign trade falls sharply in March confirming economy's slowdown

However the March figures left a surplus of 7.7bn compared to the 23bn February deficit

China's exports and imports fell sharply in March, adding to recent indicators pointing to a slowdown in the world's second-largest economy. The country's exports fell by 6.6% in March when compared with the previous year, while imports dropped by 11.3% in the same month, when compared with the same time last year.

Friday, April 11th 2014 - 04:27 UTC

Japan/Australia trade agreement cracks tariffs on frozen and chilled beef

Prime Minister Shinzo Abe plans to visit Australia later this year to sign the deal

United States beef shipments to Japan may drop after the largest Asian buyer inked this week a deal with Australia to begin reducing import tariffs as early as next year, the Japanese agriculture ministry said.

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