Economy

• Thursday, March 3rd 2011 - 05:46 UTC

  IMF chief praises Uruguay, cautions good times are not for ever

  

  IMF Managing Director Dominique Strauss-Khan praised the management and achievements of the Uruguayan economy and said it was a pleasure to visit a country that does not have major problems resulting from the 2008 global financial crisis, which is a “recurrent issue” of his busy agenda.

• Thursday, March 3rd 2011 - 05:18 UTC

  US inflation ‘under control’; jobs insufficient to absorb new graduates, says Bernanke

  

  The recent hike in oil prices will likely cause a “temporary and relatively modest increase in U.S. consumer price inflation,” but sustained increases could pose a more serious threat to the economy, Federal Reserve Chairman Ben Bernanke said earlier this week.

• Wednesday, March 2nd 2011 - 17:44 UTC

  New Irish government gauges ‘potential damage’ of Mercosur/EU trade talks

  

  Mercosur negotiations and Ireland’s share of the EU agriculture spending are seen as the main challenging demands for the new Agriculture minister of the Fine Gael-Labour coalition government in Dublin.

• Wednesday, March 2nd 2011 - 17:36 UTC

  Unemployment up in Spain: 4.3 million registered as out of a job

  

  The number of people out of a job Spain, which has the highest unemployment rate in the industrialized world, rose further in February reaching a 15 year high, the Labour ministry said Wednesday.

• Wednesday, March 2nd 2011 - 17:24 UTC

  EU competition regulators raid companies selling digital books

  

  European Union's competition regulators carried out unannounced inspections into various companies that sell digital books on Tuesday on suspicion of operating a cartel and engaging in other banned business practices.

• Wednesday, March 2nd 2011 - 17:21 UTC

  Insurers’ bill for the New Zealand earthquake climbs to 12 billion USD

  

  One of the world's biggest re-insurers Swiss Re described the New Zealand earthquake as a ''significant event'' for the global insurance industry, as it warned insurance losses from the disaster could top 12 billion US dollars.

• Wednesday, March 2nd 2011 - 17:14 UTC

  Car sales soar in the US during February, particularly GM and Toyota

  

  Sales of new vehicles jumped markedly in the United States in February, with sales by the world's two biggest automakers up the most.

• Wednesday, March 2nd 2011 - 15:42 UTC

  Range Rover Evoque awarded the title of best “Car Design of the Tear”

  

  The Range Rover Evoque has been awarded the title of Best Production Car in the 2010 Car Design News, Car Design of the Year awards. This highly regarded accolade is the first major international award for the Range Rover Evoque, which is shaping up to be one of the most exciting cars of 2011.

• Wednesday, March 2nd 2011 - 15:29 UTC

  Airlines profits to drop 50% from 2010 because of rising oil prices, says IATA

  

  Airlines stand to earn almost 50% less this year than in 2010 as rising oil prices limit the benefits of a rebounding economy, anticipated IATA.

• Wednesday, March 2nd 2011 - 07:20 UTC

  Latin America challenges to be discussed at IDB annual meeting in Canada

  

  Inter-American Development Bank (IDB) will hold its Annual meeting in Calgary, Canada, from March 25 to 28, with the participation of top government authorities from the Bank’s 48 member countries, including several finance ministers and central banks chiefs.