Economy

• Saturday, June 5th 2010 - 05:52 UTC

  Uruguay plans to sell 1 billion US dollars of bonds next year

  

  Uruguay plans to sell about 1 billion US dollars of bonds next year, including 500 million of dollar- denominated debt, said Carlos Steneri, director of public credit at the Ministry of Economy and Finance.

• Saturday, June 5th 2010 - 05:31 UTC

  Southern Hemisphere Eurofruit congress to be held December in Uruguay

  

  Eurofruit Congress Southern Hemisphere, the annual conference and exhibition event for the region's fresh produce industry, is coming to Uruguay for the first time on 1-3 December.

• Saturday, June 5th 2010 - 05:16 UTC

  IMF ‘emergencies department’ to visit Hungary next Monday

  

  The IMF is sending a senior official to Hungary for talks with the new government early next week, amid rising concerns about the country's public finances.

• Friday, June 4th 2010 - 05:02 UTC

  France’s iconic Le Monde prepares to receive new owners

  

  French newspaper Le Monde is to take its controlling ownership stake out of the hands of editorial staff and sell it to an outside buyer. The paper, which has a centre-left political bent, was created after France was freed from Nazi rule in 1944 and is one of the country's most respected publications.

• Friday, June 4th 2010 - 03:26 UTC

  Falkland Islands love to drink wine according to California’s Wine Institute

  

  The Falkland Islands figure among the world top ten per capita wine consumption countries according to the Wine Institute (2008), which brings together all of California’s wineries and vineyards and manages a vast inventory of statistics with commercial purposes.

• Thursday, June 3rd 2010 - 23:10 UTC

  Buffett defends credit rating agencies in Congressional hearings

  

  Billionaire investor Warren Buffett has defended credit rating agencies for failing to spot the US mortgage bubble that sparked the financial crisis. Giving testimony in New York, Mr Buffett said the agencies “made the wrong call,” but added that so did everyone else, including himself.

• Thursday, June 3rd 2010 - 06:28 UTC

  Argentina unable to lift Chinese ban on soy-oil imports in first round of talks

  

  The Argentine trade mission sent to Beijing was unable to lift the ban on soy-oil imports imposed by China on Argentina. The Argentine delegation returned with the promise that further talks will be taking place but no dates were revealed.

• Thursday, June 3rd 2010 - 06:02 UTC

  EU plans for financial markets watchdog to regulate credit rating agencies

  

  Plans for a European Union-wide financial markets watchdog have been put forward by the European Commission. The proposed “European Security Markets Authority” would initially regulate credit rating agencies, but could be given broader powers at a later date.

• Thursday, June 3rd 2010 - 05:55 UTC

  Euro zone unemployment reaches all-time high in April, 10.1%

  

  The Euro zone (EZ16) seasonally-adjusted unemployment rate was 10.1% in April 2010, compared with 10.0% in March. It was 9.2% in April 2009. The EU 27 unemployment rate was 9.7% in April 2010, unchanged compared with March while a year ago it stood at 8.7% (April 2009).

• Thursday, June 3rd 2010 - 05:52 UTC

  Mrs Kirchner defends ‘imports’ restrictions’; blames the media for the coverage

  

  President Cristina Fernandez de Kirchner once again rejected that Argentina has adopted restrictions on imports, although she admitted “there isn't a country in the world that, through fiscal promotions or tariffs, doesn't have those mechanisms” of barriers for the entry of foreign products.