Economy

• Monday, July 9th 2012 - 06:09 UTC

  China inflation down to a 29-month-low in June: 2.2%

  

  China’s consumer-price inflation eased to a 29-month low in June, giving Premier Wen Jiabao more room to relax economic policies after the second interest-rate cut in a month. The consumer price index rose 2.2% percent from a year earlier, the National Bureau of Statistics said in Beijing. Producer prices dropped 2.1%.

• Monday, July 9th 2012 - 06:05 UTC

  Influential Brazilian banker says further weakening of the Real “would be better”

  

  Luciano Coutinho president of Brazil’s state development bank BNDES, said the country has benefited from the recent weakening of its currency and a further drop would be better, according to newspaper Folha de Sao Paulo.

• Saturday, July 7th 2012 - 05:27 UTC

  Brazil June inflation lowest in two years helped with temporary tax breaks

  

  Brazil’s inflation slowed to its lowest in almost two years on temporary tax breaks for autos, paving the way for more interest rate cuts as the government tries to revive economic growth.

• Saturday, July 7th 2012 - 05:15 UTC

  Argentina ends double taxing treaty with Chile which was running since 1976

  

  Chilean Foreign Minister Alfredo Moreno regretted Argentina’s decision to end a double taxing agreement which was running since 1976 and exempts Chileans and Argentines making business in the neighbouring country from paying taxes as long as they are already contributors at home.

• Saturday, July 7th 2012 - 05:12 UTC

  Euro crisis “the greatest external economic risk” for Latinamerican growth

  

  The Euro crisis is the “greatest external economic risk” for Latinamerica warned the Inter American Development Bank Luis Alberto Moreno who nevertheless said he was convinced the world with end acknowledging the efforts from the European Union and Spain.

• Saturday, July 7th 2012 - 01:37 UTC

  Strong demand for Falklands beef: MPA burgers and the oil industry

  

  The Falkland Islands national beef herd could be doubled to meet current and potential markets, farmers heard at a Falklands Meat Company, FMC, meeting this week in Stanley.

• Saturday, July 7th 2012 - 00:58 UTC

  Argentina to pay maturing debts in third quarter with central bank reserves

  

  The Argentine central bank will affect 4.165 billion dollars from the bank’s freely available reserves to honour government debt maturing in the third quarter, it was officially announced.

• Saturday, July 7th 2012 - 00:35 UTC

  Argentine central bank announces “pesification” of real estate operations

  

  Following the official new curbs on US dollar purchasing for savers, the head of the Argentine Central Bank Mercedes Marcó del Pont came on stage to defend the measure and anticipate that operations in the real estate market will have to be done in Argentine Pesos.

• Friday, July 6th 2012 - 15:59 UTC

  Falklands’ farms helped with wool prices rapidly moving to wind energy

  

  Electricity generated from wind is spreading across the Falkland Islands with two large farms Goose Green and Fitzroy preparing to be the next to have turbines, inverters and batteries installed.

• Friday, July 6th 2012 - 15:38 UTC

  EU prepared for talks with an expanded Mercosur that includes Venezuela

  

  The European Commission has said it will continue negotiations on an association agreement with Mercosur even if Venezuela finally becomes a full member of the group and will address the issue on a “region to region” basis.