Economy

• Saturday, July 10th 2010 - 07:41 UTC

  US no longer world’s great consumer; needs to target sustainable debt, says IMF

  

  The US economy is recovering after the global economic crisis, but consumers and financial institutions remain cautious as weak housing markets, high unemployment, and risks in Europe remain a concern, the IMF staff said in a press conference that followed its annual review of the world’s largest economy.

• Saturday, July 10th 2010 - 07:18 UTC

  Argentine agro-exports help boost international reserves to over 50 billion USD

  

  Argentina’s international reserves once again exceeded the 50 billion US dollars mark, boosted by an intervention to the Central Bank by the market in a record purchase of 262 million USD.

• Saturday, July 10th 2010 - 07:13 UTC

  School comic strips to depict the turbulent IMF/Argentina relation

  

  Argentina high school students are enjoying four comic strips, part of the official program, which satirizes the turbulent relation of the country with the IMF, presenting one of the works under the attractive name of “An intruder in the family”.

• Friday, July 9th 2010 - 05:34 UTC

  Euro zone rates unchanged; all eyes set on 23 July EU banks’ stress-tests

  

  The European Central Bank left its key interest rate on hold for the fourteenth consecutive month in July as the region's banks face stress tests to ensure the stability of the financial system that is threatened by investor fears about debt.

• Friday, July 9th 2010 - 05:29 UTC

  UK leaves rates at a record low for the 16th month running

  

  The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 16th consecutive month. The Bank's Monetary Policy Committee (MPC) also decided on Thursday not to inject any more money into the economy under its policy of quantitative easing (QE).

• Friday, July 9th 2010 - 04:45 UTC

  China confirms it will stick to moderately loose monetary policy

  

  China’s central bank said on Thursday it will stick to a moderately loose monetary policy as economic growth becomes better balanced between consumption, investment and exports.

• Friday, July 9th 2010 - 01:58 UTC

  UK and Irish farmers’ claim Brazil’s beef exports fail to meet EU standards

  

  The UK National Farmers Union, NFU and Irish Farmers' Association have expressed concern about the reopening trade talks with the Mercosur group of South American countries because of the impact it could have on farmers.

• Friday, July 9th 2010 - 00:17 UTC

  European Parliament poises two clear positions in battle for agriculture subsidies

  

  Members of the European Parliament have set out their list of demands regarding the future shape of the EU common agricultural policy (CAP), insisting that EU farm payments should not be reduced.

• Friday, July 9th 2010 - 00:12 UTC

  EU promises support for farmers in event of trade agreement with Mercosur

  

  The European Commission underlined the significance of negotiations for an association and trade agreement with Mercosur and promised EU farmers “accompanying measures” for those sectors most affected, if a deal with the South American block is finally closes.

• Friday, July 9th 2010 - 00:01 UTC

  New document outlines sustainable future for Falkland Islands

  

  The Falkland Islands requires an enhanced foreign investment climate, among many other economic ‘enablers’ in order to achieve a sustainable economic future, according to the newly released Falkland Islands Economic Development Strategy (EDS).