Economy

• Friday, June 21st 2013 - 16:41 UTC

  Russia to supply China 270bn dollars in oil on 25 year contract

  

  Russian state oil company Rosneft has agreed to double its oil supplies to China, in a deal worth 270bn dollars over 25 years. Under the terms of the deal, Rosneft will supply 300.000 barrels of oil a day to China starting in 2015.

• Friday, June 21st 2013 - 16:29 UTC

  Irish-bred sheepdog ‘Bob’ is auctioned at a record-breaking €11,000

  

  An Irish-bred sheepdog has shot to fame by becoming the most expensive working dog ever sold at an official sale, making almost €11,000 at auction. Bob, a 15-month-old dog sold by John Bell of Parks Farm, Howden, Selby in East Yorkshire, for a record-breaking £9,240 at the working dog sale in Skipton Auction Mart, North Yorkshire, on May 17.

• Friday, June 21st 2013 - 06:10 UTC

  Rousseff envoy to Argentina to try and mend trade and investment difficulties

  

  Brazilian Industry and Foreign Trade minister Fernando Pimentel met this week in Buenos Aires with President Cristina Fernandez and members of her cabinet to address several bilateral trade issues that growingly concern President Dilma Rousseff because of Argentina’s increasingly market protection policies.

• Thursday, June 20th 2013 - 05:42 UTC

  Argentina’s economy recovering in May and trade surplus above estimate

  

  Argentina's economic growth sped up slightly in the first quarter and May's trade surplus was above expectations according to the latest release on economic data. GDP was up 3% from a year earlier and 1.5% from the fourth quarter of 2012.

• Thursday, June 20th 2013 - 03:03 UTC

  Swiss lawmakers defy Washington reject deal to lift banking secrecy and expose US tax dodgers

  

  Swiss lawmakers rejected Wednesday a deal proposed by Washington to halt ruinous US legal action provided that Swiss banks that helped stash cash expose American tax dodgers and pay hefty fines.

• 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.