Economy

Thursday, July 19th 2012 - 20:43 UTC
Argentina’s top agro-show opens with strong criticism of government farm policies

The head of the Argentine Rural Society (SRA) Hugo Biolcati blasted the national and provincial governments economic policies towards the agricultural sector during his opening remarks at the inauguration of the 126 annual edition of the entity’s exhibition held at La Rural pavilion in Palermo, Buenos Aires City.
Thursday, July 19th 2012 - 18:50 UTC
China property prices rise slightly in June as Beijing tries to boost growth

Property prices in 70 Chinese cities rose slightly in June, compared to May, after eight months of decline. Home prices rose 0.3% in Beijing and 0.2% in Shanghai compared to the previous month, official data showed.
Thursday, July 19th 2012 - 18:45 UTC
Spanish banks have 155.8bn Euros in ‘doubtful loans’, the highest since 1994

Spain's banks had 155.84bn Euros of loans on their books in May that are at risk of not being repaid, the highest since 1994.
Thursday, July 19th 2012 - 18:38 UTC
EU, US and Japan battle with China at WTO over rare earth minerals

European Union, the United States and Japan on Wednesday requested a dispute settlement panel at the World Trade Organization (WTO) after failing to resolve a battle over China's export restrictions on rare earth minerals.
Thursday, July 19th 2012 - 18:29 UTC
US meats’ farming massive use of antibiotics creating more resistant bacteria

The factory farming of cows, pigs, poultry and fish sucks up 29 million pounds—80%—of antibiotics sold in the United States. Many illness-causing bacteria are now resistant to most or all of the antibiotics that once killed them.
Thursday, July 19th 2012 - 18:17 UTC
US worst drought since 1956 sends soybeans and corn skyrocketing

The commodities soy and corn’s prizes sky rocked on Thursday thanks to the severe drought that has been punishing the United States heartland. Soy and corn were being sold at record high of 638.89 dollars/ton and 320.26 dollars/ton respectively.
Thursday, July 19th 2012 - 08:18 UTC
US dollar reaches new high in Argentina: 6.80 Pesos

The US dollar reached a new high in the Argentine informal market during Wednesday trading at 6.74 pesos, 25 cents more than on Tuesday while the gap with the official exchange rate jumped to 47.2%.
Thursday, July 19th 2012 - 07:34 UTC
World Bank warns that Euro debt crisis will have an impact on most regions

World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the Euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world.
Thursday, July 19th 2012 - 07:07 UTC
EU/Mercosur trade talks suspended until after Paraguayan elections of April 2013

The removal of Fernando Lugo as president of Paraguay interrupted European Union/Mercosur discussions, which could resume following the April 2013 presidential elections said on Wednesday the European Parliament mission visiting Asunción.
Thursday, July 19th 2012 - 07:01 UTC
Monsanto plant in Cordoba will produce corn seed for 3.5 million hectares

US agrochemical giant Monsanto will direct most of a 365 million dollars investment in Argentina to a corn seed factory in the central city of Cordoba, the local government there has announced.