Economy

Thursday, April 25th 2013 - 18:46 UTC
China confirms is has become Australia’s main client for beef and veal

Australia’s beef and veal exports for March increased 5% year-on-year, to 87,742 tonnes swt, with the Chinese market again setting a monthly record high, at 12,320 tonnes swt (Department of Agriculture, Forestry and Fisheries).
Thursday, April 25th 2013 - 06:07 UTC
‘Official poverty’ in Argentina 2.5 million people; private estimate: 11 million

The rate of poverty in Argentina dropped to 5.4% last year and indigence was down to 1.5%, according to data released by the controversial government’s stats office, Indec. A person ceases to be indigent in Argentina if he can feed on 6 Pesos daily, which based on the official rate is just over one dollar but in the parallel market 75 US cents.
Thursday, April 25th 2013 - 05:54 UTC
US temporarily suspends sales of Gold Eagle coins to replenish inventories

The United States Mint has temporarily suspended sales of one-tenth ounce American Gold Eagle bullion coins. The suspension was indicated late Tuesday within a memo distributed to authorized purchasers citing recent strong demand for the gold bullion coins.
Thursday, April 25th 2013 - 05:46 UTC
China to overtake US as main oil importer by 2014 says OPEC

China is on course to overtake the US as the world’s top crude importer by 2014, as the Asian country’s growing refining capacity boosts demand and America’s fracking boom cuts the need for foreign oil, OPEC said in its monthly report.
Thursday, April 25th 2013 - 02:49 UTC
Falklands ‘is about people; it is not about rocks; about people self determining their future’

“The Falkland Islands is about people; it is not about rocks. It is about people’s right to lead lives as they wish to lead them. As people in Argentina can: to live in peace, prosperity. It is about making their choices and leading their lives and having their home as an expression of their wishes, not somebody else’s wishes. They should be able to self-determine their own futures”.
Wednesday, April 24th 2013 - 23:46 UTC
Three Latam presidents pledge inclusive growth through comprehensive reforms

Three Latin American presidents called for inclusive growth in the region through comprehensive reforms at the opening of the 2013 World Economic Forum on Latin America which is taking place in Lima, Peru.
Wednesday, April 24th 2013 - 23:29 UTC
UK launches legal challenge against the EU financial transactions tax

The UK government has launched a legal challenge against plans for a European financial transactions tax (FTT), according to the BBC. The FTT will be adopted by 11 EU states, but not by the UK and Ministers fear it could be imposed on UK firms trading with businesses based in one of the 11 states.
Wednesday, April 24th 2013 - 23:06 UTC
Newspaper reporters, “the worst job” in the US: low pay and high stress

A new study has found that newspaper reporters have the “worst job” in the United States in 2012. CareerCast.com said that “low pay and high stress” are the main reasons why the job is considered the “worst.”
Wednesday, April 24th 2013 - 22:50 UTC
US dollar soars in Argentina and is just a few cents away of 9 Pesos in the parallel market

The US dollar in Argentina’s ‘blue’ or parallel market skyrocketed on Wednesday to 8.91 and 8.94 Pesos, beating the previous record of 8.75 Pesos from March 20, previous to Holy Week. The official rate meantime remained relatively stable and closed trading at 5.13 and 5.18 Pesos, which means the gap between the two markets stands at 71%.
Wednesday, April 24th 2013 - 06:50 UTC
Cristina Fernandez hosts Rousseff to address political and trade issues

Brazilian president Dilma Rousseff will travel to Buenos Aires on Thursday for a two-day meeting with her Argentine counterpart Cristina Fernández and discuss political and trade matters between the two countries after an imports drop in Argentina last year and the cancelling by Brazil of a major investment project.