Stories for July 2011

Wednesday, July 13th 2011 - 16:59 UTC
Support for EU beef farmers, in the event of a Mercosur deal, is “not enough”

Members of the European Parliament discussing the agriculture budget said that compensation for beef farmers that could face Mercosur competition, if a trade agreement is finally reached, “is not enough” and anticipated that “we will not accept sweeteners in this area”.
Wednesday, July 13th 2011 - 16:35 UTC
Europe unveils plan to reform fishing industry and phase out ‘discards’

European Commission has unveiled major plans to reform the EU fishing industry and stop catches being wasted. The proposal, due to take effect from 2013, would give fleets quota shares guaranteed for at least 15 years.
Wednesday, July 13th 2011 - 16:30 UTC
Fed ready to inject new stimulus if US economy remains persistently weak

Federal Reserve Chairman Ben Bernanke said the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, suggesting policymakers are actively mulling further stimulus.
Wednesday, July 13th 2011 - 16:24 UTC
Chavez admits he may need chemotherapy treatment after cancer surgery

Venezuelan leader Hugo Chavez acknowledged for the first time he may need radiotherapy or chemotherapy for ongoing treatment after cancer surgery in Cuba, the presidential office said.
Wednesday, July 13th 2011 - 16:16 UTC
Battle for majority control of Brazil’s retail industry falls through

Brazilian retail tycoon Abilio Diniz has suspended plans to merge his supermarket chain Grupo Pao de Acucar with the local arm of France's Carrefour. The move comes after the Brazilian state development bank BNDES and a private fund backed out of supporting the deal.
Wednesday, July 13th 2011 - 16:12 UTC
UK political system targets News Corporation: end of Murdoch’s empire?

Rupert Murdoch's News Corporation has announced that it is dropping its planned bid to take full ownership of satellite broadcaster BSkyB. The announcement came as the House of Commons prepared to vote for a motion supported by all major party leaders calling on Mr Murdoch to do so.
Wednesday, July 13th 2011 - 10:24 UTC
Brazil confident it can control inflation in second half and moderate capital inflow

The Brazilian central bank is comfortable with its inflation forecast for 2011 despite a stronger-than-expected June reading, which spurred speculation that even higher interest rates will be necessary to keep prices in check.
Wednesday, July 13th 2011 - 10:16 UTC
US loosing Colombian market share to Mercosur claim farmers

United States industry and agriculture lobbies are again advocating forcefully before Congress on the pending free trade agreement with Colombia claiming the delay is costing market share to a more aggressive Mercosur.
Wednesday, July 13th 2011 - 03:07 UTC
Argentine June “Congress inflation index” jumped 1.5%

Argentine opposition lawmakers announced on Tuesday that the so called “Congress inflation index” measured by eight consulting agencies increased 1.5% in June. The index is a repeat of May’s 1.5%, and 23.5% in the last twelve months.
Wednesday, July 13th 2011 - 01:42 UTC
YPF joins the “oil rush” in Colombia, South America’s third producer

YPF SA, Argentina's largest oil company, agreed to explore for oil with Canada’s Alange Energy Corp. in Colombia that is attracting investors as it become South America’s third largest producer of oil behind Venezuela and Brazil.