Economy

• Tuesday, April 12th 2011 - 20:48 UTC

  EU makes effective tough new fisheries control system from “net to plate”

  

  A new system of fishery control with continent-wide, common rules and penalties is now fully operational, the European Commission said on Tuesday.

• Tuesday, April 12th 2011 - 17:57 UTC

  Mercosur trade integration insufficient to guarantee free circulation, claims EU

  

  Several European Union objections to the current functioning of Mercosur have surfaced in documents relative to the ongoing trade negotiations round which is scheduled to have another chapter early May in Asunción, Paraguay.

• Tuesday, April 12th 2011 - 17:19 UTC

  Falklands’ farmers benefit from all time high wool prices

  

  Falkland Islands producers have cause for celebration this season with wool prices at an all time high.

• Tuesday, April 12th 2011 - 16:34 UTC

  China opens to Brazilian pork and meat distribution hubs in six main cities

  

  China opened its market to Brazilian pork and Brazil’s meat packer Marfrig said it would invest heavily in distribution centres in China. The announcements were made in Beijing where a numerous government and private sector delegation headed by Brazilian president Dilma Rousseff is on an official visit to China.

• Tuesday, April 12th 2011 - 16:26 UTC

  Chile winery expands in Argentina to double production in five years

  

  The Chilean wine company Viña Montes plans to invest 20 million US dollars in vineyards on the other side of the Andes in neighbouring Argentina, where it expects to double production over the next five years.

• Tuesday, April 12th 2011 - 16:13 UTC

  China to keep buying Spanish public debt and invest in financial industry

  

  China will invest in Spain’s savings-bank industry and continue buying public debt, a Spanish government official cited Chinese Premier Wen Jiabao as telling Prime Minister Jose Luis Rodriguez Zapatero at a meeting Tuesday in Beijing.

• Tuesday, April 12th 2011 - 04:20 UTC

  IMF presents report to develop a new consumer price index in Argentina

  

  The IMF has presented a report to Argentine authorities with specific recommendations for developing a new, nationwide consumer price index to replace the much-criticized current index, the fund said in a press release Monday.

• Tuesday, April 12th 2011 - 04:17 UTC

  Uruguay expands alternative energy capacity with a 50 MW wind turbine farm

  

  Uruguay continues to expand its alternative green energy capacity and the latest contract award will have 25 wind turbines which must be operational within a maximum period of three years. The wind power project of 50 MW will supply renewable energy to a population of 50,000 people.

• Tuesday, April 12th 2011 - 04:11 UTC

  Argentina poised to grow 6% in 2011, but highly exposed to Brazil dependency

  

  Strong demand in Brazil and Latin America has created the conditions for a stronger-than-expected economic rebound in Argentina, an IMF official said on Monday.

• Tuesday, April 12th 2011 - 03:57 UTC

  Germany and US leading global recovery with ‘robust expansion’, says OECD

  

  The growth outlook for major industrialized economies is improving with Germany and the United States leading the recovery, the OECD's leading indicator for February showed.