Economy

• Tuesday, March 22nd 2011 - 22:10 UTC

  “We must oppose the Mercosur/EU deal with every ounce of energy we have”

  

  Ireland, supported by France keeps putting pressure to derail the ongoing trade talks between the European Union commission and Mercosur, reports the Dublin press.

• Tuesday, March 22nd 2011 - 08:19 UTC

  Argentina’s 2010/11 harvest estimated at over 100 million tons

  

  Argentina’s 2010/2011 grains and oilseeds harvest is estimated to have reached 100.46 million tons, which is above last year’s according to the latest technical report from the Ministry of Agriculture released this week.

• Tuesday, March 22nd 2011 - 08:15 UTC

  World Bank forecasts Japanese economy will begin recovering at the end of 2011

  

  Japan's devastating earthquake and tsunami will depress growth briefly before reconstruction kicks off and gives the beleaguered economy a boost, the World Bank said in a report.

• Tuesday, March 22nd 2011 - 08:10 UTC

  In twelve Argentine provinces inflation is two times and a half the official index

  

  Several Argentine provinces mistrustful of government statistics, particularly inflation have mounted their own offices which show that consumer prices in the last twelve months have soared on average 27.5%, which is almost two and a half times the official index applicable to Buenos Aires City and Buenos Aires province

• Monday, March 21st 2011 - 23:15 UTC

  Falklands’ 2010 land-based tourism ‘surprisingly good’ as opposed to cruise ships

  

  Using the United Nations definition of tourism, 2010 was a surprisingly good year for land-based, as opposed to cruise ship tourism in the Falkland Islands, with numbers up from 4,241 in 2009 to 6,017 in 20010.

• Monday, March 21st 2011 - 22:23 UTC

  Ireland: EU agriculture commissioner supports strong position against Mercosur

  

  Minister for Agriculture Simon Coveney has pressed Ireland’s anxieties about ongoing trade talks with Mercosur with agriculture commissioner Dacian Ciolos who was most receptive to Ireland’s position, reports the Dublin media.

• Monday, March 21st 2011 - 21:52 UTC

  US Export-Import bank loans Brazil 3 billion USD for oil and World Cup

  

  The US government's export credit agency has authorized $3 billion in financing for Brazil, including 2 billion US dollars for the Brazilian government-managed oil company Petrobras.

• Monday, March 21st 2011 - 21:50 UTC

  Speculation that Brazil’s s steel industry is in the process of consolidation

  

  Brazil’s biggest maker of steel products for the auto and construction industries, Gerdau SA, plans to sell as much as 4.2 billion Real (2.5 billion USD) of stock, boosting speculation that it has plans to buy a stake in a Brazilian rival, most probably Usiminas.

• Monday, March 21st 2011 - 21:41 UTC

  EU farm ministers support strong CAP with “proportional financial resources”

  

  European Union agriculture ministers at the weekend rejected capping subsidies to Europe's biggest farms but compromised on a fairer share-out of funds between farmers in Eastern and Western Europe.

• Monday, March 21st 2011 - 19:40 UTC

  IATA warns of setback in the air travel industry while Japan recovers

  

  The International Air Transport Association (IATA) has warned that fuel prices could increase and the global aviation industry will face a setback while Japan recovers from the earthquake.