Economy

• Friday, March 2nd 2012 - 05:50 UTC

  Professional football players’ transfers reached 3 billion dollars in 2011 says FIFA

  

  FIFA Transfer Matching System GmbH has published on Thursday the first edition of the annual report Global Transfer Market 2011. This report provides a comprehensive insight into football transfers worldwide, on which over 3 billion dollars was spent last year in the professional male football market.

• Thursday, March 1st 2012 - 05:05 UTC

  The US job market remains “far from normal” admits Bernanke before Congress

  

  An uneven US economic recovery will have to pick up in order to quickly bring down an unacceptably high jobless rate, Federal Reserve Chairman Ben Bernanke said on Wednesday.

• Thursday, March 1st 2012 - 04:48 UTC

  Argentina escalates trade brawl with UK: suggests EU-Unasur analyze Malvinas dispute

  

  The Argentine Foreign Ministry suggested in an official Wednesday release that “the EU and the Union of South American nations (UNASUR) analyze the Malvinas islands conflict and urge both countries (UK and Argentina) to negotiate”.

• Thursday, March 1st 2012 - 04:34 UTC

  Argentine government preparing legal framework to grab YPF from Spain’s Repsol

  

  The government of President Cristina Fernandez is preparing the legal framework to take control of Spain’s Repsol-YPF subsidiary in Argentina which it has accused of not investing sufficiently and has triggered a round of discussions with the Spanish corporation’s top official, reports the Buenos Aires media.

• Thursday, March 1st 2012 - 04:29 UTC

  Bernanke praises Euro-zone measures, but “critical fiscal and financial challenges remain”

  

  Testifying Wednesday before the US House Committee on Financial Services, Federal Reserve Chairman Ben Bernanke said that 'critical fiscal and financial challenges remain for the Euro zone.'

• Thursday, March 1st 2012 - 04:25 UTC

  UK became in 2011 a net exporter of lamb with excellent prospects for expansion

  

  UK has become a net exporter of lamb, according to new figures published by EBLEX and reported by Meat Trade News Daily. The figures show that in 2011 sheep meat exports from the UK saw an 11% increase on the year, totalling 98.500 tonnes product weight.

• Thursday, March 1st 2012 - 04:19 UTC

  Good fourth quarter for US economy: GDP expands at 3% annual rate

  

  The US economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer and business spending, which could help to allay fears of a sharp slowdown in growth in early 2012.

• Thursday, March 1st 2012 - 04:09 UTC

  European MP calls for end to Argentine aid until it stops threatening Falklands

  

  A several million pounds EU aid program to help Argentina should be halted until the country stops “threatening” Britain over the Falkland Islands, said member of the European parliament Nerj Deva.

• Wednesday, February 29th 2012 - 14:51 UTC

  ECB massive cheap funds influx hoping to ease credit and government borrowing

  

  Banks grabbed 530 billion Euros at the European Central Bank's second offering of cheap three-year funds on Wednesday, fuelling hopes that more credit will flow to businesses and government borrowing costs will ease further.

• Wednesday, February 29th 2012 - 14:35 UTC

  Foreign Office summons Argentine diplomat; limiting trade “counterproductive”

  

  Argentina's top diplomat in Britain was summoned to London's Foreign Office on Wednesday to explain his country's decision to ask 20 leading companies to stop importing British products and supplies.