Economy

• Saturday, September 10th 2011 - 06:02 UTC

  China’s inflation eases in August and industrial output soars 13%

  

  China's rate of inflation eased in August, after hitting a three-year high in July, according to the National Statistics Bureau. Consumer prices in the world's second largest economy rose 6.2% from a year earlier, down from 6.5% in July.

• Saturday, September 10th 2011 - 05:27 UTC

  UK farmers claim Uruguay’s ‘Hereford’ meat labelling is ‘misleading’

  

  The UK National Farmers Union, NFU, has called on Asda supermarkets to change its labelling policy after it emerged that its meat marked ‘Hereford Prime Beef Sirloin Steak’ is sourced 6,800 miles away in Uruguay.

• Saturday, September 10th 2011 - 00:42 UTC

  China and Argentina reaffirm strategic partnership; prepare for 2012 celebration

  

  China and Argentina have agreed to further enhance mutual trust and their strategic partnership as the two emerging economies are playing an increasingly important role in the world arena.

• Saturday, September 10th 2011 - 00:34 UTC

  India and Uruguay sign agreement to avoid double taxation

  

  India and Uruguay signed this week a Double Taxation Avoidance Agreement (DTAA) for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and capital.

• Friday, September 9th 2011 - 22:40 UTC

  Argentina to propose temporary increase of some import tariffs in Mercosur framework

  

  Argentina is considering a temporary increase of tariffs on some imports, following on Brazil’s steps, but is also thinking of a formal proposal to its Mercosur partners.

• Friday, September 9th 2011 - 22:05 UTC

  Mercosur and Mexico auto industry agree to jointly compete with Asia

  

  Mercosur and Mexico signed an agreement which virtually liberates all bilateral auto industry trade and opens prospects for joint undertakings world wide. The event took place in Montevideo, administrative capital of Mercosur.

• Friday, September 9th 2011 - 15:49 UTC

  ECB sovereign bond purchasing policy splits ECB; Germans quit in protest

  

  The European Central Bank in Frankfurt confirmed in a Friday afternoon statement that its chief economist and executive board member Jürgen Stark had resigned “due to personal reasons.”

• Friday, September 9th 2011 - 15:28 UTC

  UK will reinforce and expand presence in Latin America, says Hague

  

  The UK will reinforce and expand its diplomatic presence in Latin America beefing up embassies and reopening others that have been closed in recent years, said Foreign Secretary William Hague.

• Friday, September 9th 2011 - 09:46 UTC

  Brazil’s Embraer will develop and produce unmanned drones with Israeli tech

  

  Brazil’s Embraer, the world’s fourth-biggest aircraft maker, announced Thursday an agreement with Israel’s Elbit Systems to develop and produce unmanned drones in the country.

• Friday, September 9th 2011 - 09:37 UTC

  Republicans say Obama 450bn jobs plan proposals “merit consideration”

  

  President Barack Obama urged Thursday evening a joint session of the US Congress to end what he calls the “political circus” in Washington, and move rapidly to approve job creation legislation he is sending to Capitol Hill. There was no official rebuttal from the opposition Republicans.