Economy

• Monday, July 22nd 2013 - 06:14 UTC

  G20 agrees to fight against international tax evasion by multinational companies

  

  The G20 group of countries has officially supported plans to fight against international tax evasion by multinational companies. In a statement, the G20 countries agreed to exchange tax information and support the Organization for Economic Cooperation and Development (OECD) in its plans to prevent multinational companies from avoiding tax by moving their profits across borders.

• Monday, July 22nd 2013 - 06:13 UTC

  Chinese banks allowed setting lending rates in hopes of lowering costs

  

  Chinese authorities have given the banking industry greater freedom by allowing banks to set their own lending rates. Previously they were not allowed to lend at rates below a certain level set by the People's Bank of China (PBOC).

• Monday, July 22nd 2013 - 05:56 UTC

  Paraguay reports outbreaks of ‘greening’ in its citrus plantations

  

  Paraguay’s plants and seeds sanitary office, SENAVE, has reported 63 outbreaks of ‘greening’ or HLB in citrus groves and further admits that the geographical dissemination state of the bacterial canker disease is in “an advanced stage” despite all institutional efforts.

• Monday, July 22nd 2013 - 00:18 UTC

  Introducing the Exlana sheep after eight years of development

  

  The concept of an easier care animal is not new – as SIG, a group of eight sheep farmers developing Sheep Improved Genetics, are the first to admit. But after years of breeding sheep through genetics, not cosmetics, the Exlana breeders say they have bred the ultimate animal.

• Saturday, July 20th 2013 - 22:24 UTC

  Tickets for the 2014 World Cup final will range from 440 to 990 dollars

  

  FIFA has released the price list for tickets to the 2014 World Cup to be held in Brazil. Fans have until 10 October to apply and a ballot will decide which of the applications are successful.

• Saturday, July 20th 2013 - 06:34 UTC

  Falkland Islands brought into the IMF-siding-with-Argentina controversy

  

  The IMF decision to side with Argentina in its dispute with the US hedge funds has triggered strong criticism in the UK and the issue was brought up in Parliament, according to a piece in the Daily and Sunday Express under the heading: “The British cash cow: Fury as UK money helps Argentina fight £66bn debt”.

• Saturday, July 20th 2013 - 06:15 UTC

  Argentine defaulted bond holders demand ‘strict neutrality’ from the IMF

  

  A group of Argentine sovereign defaulted bond-holders have blasted the IMF for its announced intention of filing an amicus brief in support of Argentina before the US courts stating that “there is no role for direct involvement by the IMF in this matter” and any intervention by the IMF “favouring Argentina's request would also clearly violate the Fund's strict commitment to neutrality”.

• Saturday, July 20th 2013 - 06:11 UTC

  Argentina’s economic activity picks up 7.8% in May and 4.1% in first five months

  

  Argentina's economic activity jumped 7.8% in May from a year earlier, according to the country’s questioned stats office, Indec. President Cristina Fernandez had anticipated the news earlier in the week in a televised speech.

• Saturday, July 20th 2013 - 06:03 UTC

  Argentina/hedge funds dispute: US will not file ‘uninvited’ brief to Supreme Court

  

  The Barack Obama administration won’t file a brief next week urging the U.S. Supreme Court to hear Argentina’s appeal in a clash with implications for tens of billions of dollars in defaulted debt, according to a Justice Department spokesman.

• Saturday, July 20th 2013 - 05:46 UTC

  Money exchange controls limit Argentines from travelling to Brazil to greet Pope Francis

  

  Despite the pope is Argentine and on Monday he will be making his first pastoral trip overseas to Brazil, Argentine government strict currency controls are making it difficult for prospective pilgrims to travel. An estimated 60.000 Argentines are expected to travel to Rio do Janeiro for the grand event.