Stories for March 2011

Thursday, March 3rd 2011 - 05:18 UTC
US inflation ‘under control’; jobs insufficient to absorb new graduates, says Bernanke

The recent hike in oil prices will likely cause a “temporary and relatively modest increase in U.S. consumer price inflation,” but sustained increases could pose a more serious threat to the economy, Federal Reserve Chairman Ben Bernanke said earlier this week.
Wednesday, March 2nd 2011 - 17:44 UTC
New Irish government gauges ‘potential damage’ of Mercosur/EU trade talks

Mercosur negotiations and Ireland’s share of the EU agriculture spending are seen as the main challenging demands for the new Agriculture minister of the Fine Gael-Labour coalition government in Dublin.
Wednesday, March 2nd 2011 - 17:36 UTC
Unemployment up in Spain: 4.3 million registered as out of a job

The number of people out of a job Spain, which has the highest unemployment rate in the industrialized world, rose further in February reaching a 15 year high, the Labour ministry said Wednesday.
Wednesday, March 2nd 2011 - 17:33 UTC
World’s richest man opens impressive museum (66.000 pieces) in Mexico City

The reputed world's richest man Carlos Slim inaugurated a massive museum in Mexico City on Tuesday to house his eclectic collection of art ranging from pre-Hispanic pieces to sculptures by French masters.
Wednesday, March 2nd 2011 - 17:24 UTC
EU competition regulators raid companies selling digital books

European Union's competition regulators carried out unannounced inspections into various companies that sell digital books on Tuesday on suspicion of operating a cartel and engaging in other banned business practices.
Wednesday, March 2nd 2011 - 17:21 UTC
Insurers’ bill for the New Zealand earthquake climbs to 12 billion USD

One of the world's biggest re-insurers Swiss Re described the New Zealand earthquake as a ''significant event'' for the global insurance industry, as it warned insurance losses from the disaster could top 12 billion US dollars.
Wednesday, March 2nd 2011 - 17:14 UTC
Car sales soar in the US during February, particularly GM and Toyota

Sales of new vehicles jumped markedly in the United States in February, with sales by the world's two biggest automakers up the most.
Wednesday, March 2nd 2011 - 15:42 UTC
Range Rover Evoque awarded the title of best “Car Design of the Tear”

The Range Rover Evoque has been awarded the title of Best Production Car in the 2010 Car Design News, Car Design of the Year awards. This highly regarded accolade is the first major international award for the Range Rover Evoque, which is shaping up to be one of the most exciting cars of 2011.
Wednesday, March 2nd 2011 - 15:29 UTC
Airlines profits to drop 50% from 2010 because of rising oil prices, says IATA

Airlines stand to earn almost 50% less this year than in 2010 as rising oil prices limit the benefits of a rebounding economy, anticipated IATA.
Wednesday, March 2nd 2011 - 07:20 UTC
Latin America challenges to be discussed at IDB annual meeting in Canada

Inter-American Development Bank (IDB) will hold its Annual meeting in Calgary, Canada, from March 25 to 28, with the participation of top government authorities from the Bank’s 48 member countries, including several finance ministers and central banks chiefs.