Stories for April 25th 2013

Thursday, April 25th 2013 - 22:39 UTC
Barrick Gold considering suspension of 8.5bn mine development in the Andes

Canada’s Barrick Gold Corp making a painful adjustment to a sustained slump in bullion prices, reported progress in controlling costs and said it planned further cuts in capital spending.
Thursday, April 25th 2013 - 22:11 UTC
A Brazilian or a Mexican will replace Lamy as head of World Trade Organization

The next head of the World Trade Organization will be either Mexico's Herminio Blanco or Brazil's Roberto Azevedo, guaranteeing a Latin American nation will hold the top job at the global trade body for the first time, although they made it to the short list in previous occasions-.
Thursday, April 25th 2013 - 21:51 UTC
Economy minister and aides tell Greek television: “in Argentina we don’t discuss inflation”

Economy minister Hernan Lorenzino became the laughing stock of Argentina when a video was revealed showing him suspending an interview with Greek television arguing that Argentine inflation ‘is too complex’ and telling his aides, ‘I want to leave’. One of the aides then tells the Greek reporter that in Argentina ‘we don’t discuss inflation’.
Thursday, April 25th 2013 - 21:26 UTC
Uruguay GM lambs which have a luminescence reaction when exposed to UV conditions

Uruguay has a ‘flock’ of nine six-month ‘brilliant’ lambs which behave as any other sheep but are really genetically modified and are planned to help with medicine research. They were born in a farm belonging to the Animal Reproduction Institute of Uruguay (Irauy) a non profit organization connected to the Genetically Modified Animals Unit from the Pasteur Institute, a branch in Montevideo of the renowned French scientific organization.
Thursday, April 25th 2013 - 19:54 UTC
Federal Reserve announces day of issue of redesigned 100 dollars bill note

The Federal Reserve Board on Wednesday announced that the redesigned 100 dollars note will begin circulating on October 8, 2013. This note, which incorporates new security features such as a blue, 3-D security ribbon, will be easier for the public to authenticate but more difficult for counterfeiters to replicate.
Thursday, April 25th 2013 - 19:44 UTC
Falkland Islands’ Desk in Foreign Office impresses visiting Chevening scholars

Two Chevening scholars from British Overseas Territories visited the Foreign and Commonwealth Office in London and were impressed at the number of staff focused on the Falklands and their knowledge and proactive stance towards the Islands.
Thursday, April 25th 2013 - 18:46 UTC
China confirms is has become Australia’s main client for beef and veal

Australia’s beef and veal exports for March increased 5% year-on-year, to 87,742 tonnes swt, with the Chinese market again setting a monthly record high, at 12,320 tonnes swt (Department of Agriculture, Forestry and Fisheries).
Thursday, April 25th 2013 - 06:07 UTC
‘Official poverty’ in Argentina 2.5 million people; private estimate: 11 million

The rate of poverty in Argentina dropped to 5.4% last year and indigence was down to 1.5%, according to data released by the controversial government’s stats office, Indec. A person ceases to be indigent in Argentina if he can feed on 6 Pesos daily, which based on the official rate is just over one dollar but in the parallel market 75 US cents.
Thursday, April 25th 2013 - 06:00 UTC
Maduro declares electricity ‘emergency’ and calls the Army in support

President Nicolas Maduro's government declared a 90-day “emergency” in Venezuela's electricity sector this week to speed up infrastructure work and equipment imports needed to prevent politically-contentious power cuts.
Thursday, April 25th 2013 - 05:54 UTC
US temporarily suspends sales of Gold Eagle coins to replenish inventories

The United States Mint has temporarily suspended sales of one-tenth ounce American Gold Eagle bullion coins. The suspension was indicated late Tuesday within a memo distributed to authorized purchasers citing recent strong demand for the gold bullion coins.