Economy

• Thursday, July 26th 2012 - 19:42 UTC

  FAO and OIE call on countries to comply with destruction of “rinderpest” virus samples

  

  The UN's food agency FAO and the OIE (Animal health organization) called on countries on to comply with a 2011 global moratorium and destroy potentially dangerous “rinderpest” virus samples or put them into safe storage.

• Thursday, July 26th 2012 - 09:00 UTC

  EC criticizes US risk rating agencies handling of the Euro-zone crisis

  

  A top official from the European Commission was particularly critical of the credit risk rating agencies in their handling of the Euro crisis and Germany brushed aside the latest rating agencies announcement saying the country is in a very sound economic and financial situation.

• Thursday, July 26th 2012 - 08:50 UTC

  Evita Peron 100 Pesos bill to commemorate 60th anniversary of her death

  

  Argentine President Cristina Fernández unveiled a new 100 Pesos note featuring Eva Perón’s portrait to commemorate the 60th anniversary of her death in 1952. The Wednesday ceremony at Government House convened political allies and representatives from the banking and financial sectors.

• Wednesday, July 25th 2012 - 22:02 UTC

  China growth highly vulnerable to the Euro zone crisis warns the IMF

  

  The International Monetary Fund (IMF) has warned that the worsening debt crisis in the Euro zone poses a “key risk” to China's growth. IMF added that China also faces domestic risks, not least from a sharper-than-anticipated decline in the property market.

• Wednesday, July 25th 2012 - 20:45 UTC

  Brazil wants WTO to sanction countries that manipulate their currencies

  

  Brazil’s delegate before the World Trade Organization said he was contacting other members of the organization so that sanctions are imposed on those countries which alter artificial money exchange rates that harm emerging countries, according to reports in the financial newspaper Valor Economico.

• Wednesday, July 25th 2012 - 19:33 UTC

  UK remains deep in recession: even the services sector contracted

  

  Britain's economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending cuts and the neighbouring Euro zone crisis.

• Wednesday, July 25th 2012 - 19:33 UTC

  EC says manipulation of financial “benchmarks” to become “criminal offence”

  

  The European Commission has adopted amendments to the proposed Regulation and Directive on insider dealing and market manipulation, following the recent LIBOR and EURIBOR scandals.

• Wednesday, July 25th 2012 - 18:57 UTC

  Falklands’ Fortuna launched this week its new seafood marketing website

  

  Fortuna, one of the Falkland Islands leading producer and exporter of premium quality frozen seafood launched this week its new seafood marketing website to expand the company’s marketing network.

• Wednesday, July 25th 2012 - 07:53 UTC

  Brazil tax revenue drops 6.55% in June, another symptom of slowing economy

  

  Brazil's federal tax revenues dropped more than expected in June from the same period a year before, as a stubborn economic slowdown hurts corporate profits and prompts the government to grant tax breaks to some industries.

• Wednesday, July 25th 2012 - 07:34 UTC

  GM Brazil shuts complex before tough negotiations with Metalworkers union

  

  General Motors said Tuesday it had suspended output at its complex in Brazil and sent workers home with paid leave ahead of tense talks with unions and government representatives.