Economy

Thursday, June 20th 2013 - 02:25 UTC
Fed warns investors to be prepared for an easing out of stimuli later in the year

United States Federal Reserve Chairman Ben Bernanke is putting investors on notice that the central bank is prepared to begin phasing out easing programs later this year.
Wednesday, June 19th 2013 - 23:54 UTC
Gibraltar invites Spanish treasury inspectors to dispel claims of tax evasion money

Spanish treasury inspectors tasked with “tightening the noose” on Gibraltar have been invited to travel to the British Overseas Territory and talk to officials in a bid to debunk claims that the Rock is harbouring tax dodgers from Spain.
Wednesday, June 19th 2013 - 23:23 UTC
Australian red meat exports to China break new record in May: 20.964 tons

Australian red meat exports (beef, lamb, mutton and goat meat) to China continue to go from strength to strength, with total shipments for May surpassing the previous all-time high registered in February.
Wednesday, June 19th 2013 - 00:14 UTC
India-Argentina pledge to improve trade; Timerman thanks Delhi support on Malvinas dispute

India and Argentina pledged to improve trade relations, particularly in “non-traditional areas” said Argentine Foreign Minister Héctor Timerman alongside his counterpart, Foreign Minister Salman Khurshid, at the end of his visit to India. Timerman also thanked New Delhi for its support in the Falklands/Malvinas dispute.
Tuesday, June 18th 2013 - 07:20 UTC
Thousands camp in the Peruvian Andes to protect a lake from major gold mining project

Thousands of opponents of a 5 billion dollars gold project of Newmont Mining circled a lake high in the Andes, in Cajamarca province vowing to stop the company from eventually draining it to make way for Peru's most expensive mine.
Tuesday, June 18th 2013 - 02:28 UTC
US and EU agree to launch ambitious free-trade negotiations in Washington in July

The United States and European Union launched negotiations on one of the world's most ambitious free-trade agreements on Monday, promising thousands of jobs and speedier growth on both sides of the Atlantic.
Tuesday, June 18th 2013 - 02:25 UTC
To silence rationing rumours, Venezuela announces 760.000 tons of imported food is on the way

Venezuela is awaiting the arrival of 760.000 tons of food from different associated countries and which are destined to build a national reserve of food, according to Food Minister Felix Osorio. The announcement follows strong suggestions that rationing of certain food and toiletry items was in the pipeline.
Monday, June 17th 2013 - 16:03 UTC
Brazil and UK sign long term cooperation program in biotechnology research

The British Biotechnology and Biological Sciences Research Council (BBSRC) and the Brazilian National Council for Scientific and Technological Development (CNPq) signed a Letter of Understanding to implement a new Cooperation Program to extend the long-term collaboration between the parties.
Sunday, June 16th 2013 - 14:39 UTC
Booing down of President Rousseff reflects growing dissatisfaction with the economy

Inflation, slower growth, street protests over the increase in bus fares smacked full on at an ill-humoured Brazilian president Dilma Rousseff during the opening ceremony of the Confederations Cup in Brasilia when she was booed down three times and simply had to declare the event open.
Sunday, June 16th 2013 - 13:40 UTC
US recovery ‘more durable’ but must restore ‘long run fiscal sustainability’ says IMF

United States could spur growth by adopting a more balanced and gradual pace of fiscal consolidation, especially at a time when monetary policy has limited room to support the recovery further, the International Monetary Fund said after wrapping up its annual review of the world’s largest economy.