Stories for April 16th 2011

Saturday, April 16th 2011 - 10:02 UTC
Argentina has not replied IMF recommendations for an inflation index

IMF Western Hemisphere Director Nicolás Eyzaguirre said the organization had not yet received any official communication from the Argentine government regarding IMF recommendations over its inflation index.
Saturday, April 16th 2011 - 09:57 UTC
IMF chief warns on the dangerous cocktail of unemployment and inequality

Economic stability depends on a strong middle class that can propel demand. We will not see this if growth does not lead to decent jobs, or if growth rewards the favoured few over the marginalized many.
Saturday, April 16th 2011 - 09:48 UTC
February tourist arrivals in Argentina increased 9.3% over a year ago

The amount of tourists that arrived in Argentina during February increased 9.3% compared to the same month of 2010 and totalled 203,766 people, according to a government report.
Saturday, April 16th 2011 - 09:43 UTC
US short term inflation under control, but PPI show upward trend

US March retail prices rose 0.5% accumulating 2.7% in the last twelve months according to the latest report from the US Labour Department. Core consumer price index, which excludes volatile food and energy prices, was up only 0.1%.
Saturday, April 16th 2011 - 09:41 UTC
Cuba admits food imports bill is up 25% and “miracles are running out”

Cuba announced Friday that it will have to spend 25% more than its original estimates to pay the cost of food imports due to the international surge in commodity prices.
Saturday, April 16th 2011 - 02:20 UTC
EU agriculture impact report before presenting “proposal list” to Mercosur

The European Commission will be presenting in the next weeks a report on the consequences for the European agriculture of a trade agreement with Mercosur, announced EU Agriculture Commissioner Dacian Ciolos following a Thursday meeting of the Agriculture Council in Luxembourg.
Saturday, April 16th 2011 - 02:10 UTC
UK celebrates Sunday Malbec World Day, Argentina’s flagship grape variety

Wines of Argentina are gearing up for its first ever Malbec World Day, a global celebration of Argentina’s ‘hero’ grape variety, according to worldwide drinks industry news Harpers Wine & Spirit.
Saturday, April 16th 2011 - 02:00 UTC
Canadian company will develop gold mine project in Argentine Patagonia

Argentina's Planning Ministry said Thursday that Canadian mining company Goldcorp Inc. (GG) will invest 850 million US dollars to put into production its Cerro Negro gold project in Santa Cruz Province.
Saturday, April 16th 2011 - 01:53 UTC
Norway’s Statoil makes major oil discovery in the Brazilian Campos basin

Norway’s biggest oil and gas producer Statoil ASA, said the “significant” oil discovery made adjacent to the Peregrino field in the Campos basin off Brazil may warrant a separate installation to speed up development.
Saturday, April 16th 2011 - 00:41 UTC
Eichmann’s escape helped by German intelligence and Roman Catholic Church

The notorious Holocaust planner Adolf Eichmann was helped out of Germany by members of the German intelligence service and the Roman Catholic Church, according to a series of articles by Spiegel based on secret documents.