Economy

• Thursday, March 10th 2011 - 17:43 UTC

  Qatar set to have this year the highest per capita income in the world

  

  Qatar is set to become the country with the world’s highest per capita income following on a breathless 16% growth in 2010 and a forecasted 20% this year according to the latest estimates from the IMF.

• Thursday, March 10th 2011 - 06:47 UTC

  Inflation and production diversification, challenges for emerging economies

  

  Inflation and production diversification must be the top priorities of emerging economies such as Argentina warned Nobel Prize Joseph Stiglitz during an IMF sponsored forum on “Macro and growth policies at the wake of the crisis” which took place in Washington and convened top line economists and decision makers.

• Wednesday, March 9th 2011 - 22:52 UTC

  “Argentina has not learnt the 2001 lesson, nor have many investors the 2008 crisis”

  

  “There is no evidence that Argentina has learnt the lesson from the 2001 crisis”, said Carmen Reinhart one of the most influential US economists and an expert in Latin America, who has worked for the IMF, in Wall Street and teaches at the University of Maryland.

• Wednesday, March 9th 2011 - 21:27 UTC

  US after transparent trade across Asia-Pacific region; plans to double exports in five years

  

  The United States will step up efforts for free, open and transparent trade across the Asia Pacific region as it seeks to double US exports in five years, Secretary of State Hillary Clinton said.

• Wednesday, March 9th 2011 - 21:21 UTC

  UK farmers come out strongly against Mercosur “cheap meat imports”

  

  Farmers in the UK have warned the EU against a trade deal with Mercosur which could see Brazil and Argentina given access to the European meat market, potentially flooding the market with cheap imports and undermining domestic producers.

• Wednesday, March 9th 2011 - 21:07 UTC

  China plans to build 10 million low cost homes in 2011

  

  China plans to build 10 million low-cost homes this year at a cost of 200 billion US dollars, a government minister has said. The move comes as soaring home prices spur complaints about affordability.

• Wednesday, March 9th 2011 - 05:22 UTC

  Oil prices ease as OPEC begins talks to increase output replacing Libya

  

  Oil dropped for a second day in New York as members of the Organization of Petroleum Exporting Countries considered talks about increasing production because violence is disrupting supplies from Libya.

• Wednesday, March 9th 2011 - 04:40 UTC

  EC tries to downplay impact for farmers of an EU/Mercosur trade agreement

  

  A trade agreement with Mercosur should not have to destroy the European beef industry, said on Tuesday a spokesperson for the European Community who added that such fears are ‘exaggerated’.

• Wednesday, March 9th 2011 - 01:39 UTC

  European Parliament highly critical of EU/Mercosur trade talks

  

  The European Parliament passed a highly critical report on trade negotiations between the EU and the Mercosur bloc for considering that they may imply “farming concessions damaging to European producers.”

• Wednesday, March 9th 2011 - 01:36 UTC

  IMF nominates Egyptian national Deputy Managing Director

  

  Ms. Nemat Shafik, a national of Egypt and the UK has been nominated to the position of Deputy Managing Director of the International Monetary Fund. She will succeed Mr. Murilo Portugal, who resigned effective March 4, 2011.