Economy

• Thursday, July 3rd 2008 - 21:00 UTC

  Argentina exports 4.124 tons of ovine meat in five months

  

  During the first five months of 2008, lamb and mutton exports from Argentina totaled 4.124 tons equivalent to 15.1 million US dollars which represents a 5% increase in volume and 19% in value, according to the latest statistics from SENASA, the Agro-food health and quality service.

• Thursday, July 3rd 2008 - 21:00 UTC

  Argentina unable to complete EU beef Hilton quota

  

  For the first time in almost thirty years Argentina was unable to fulfill its high priced special cuts Hilton quota of beef for the European Union in the fiscal year which ended June 30.

• Wednesday, July 2nd 2008 - 21:00 UTC

  June inflation in Uruguay, 1.28% and 5.44% in six months

  

  The June Consumer Prices Index in Uruguay soared 1.28% over May, totalling 5.44% inflation in the first half of the year according to the official release from the National Statistics Institute, INE.

• Wednesday, July 2nd 2008 - 21:00 UTC

  FAO warns about impact of increasing land degradation

  

  Land degradation is on the rise in many parts of the world, with direct consequences for an estimated 1.5 billion people – or a quarter of the world's population – the United Nations Food and Agriculture Organization, FAO said on Wednesday, calling for renewed attention to tackle the issue.

• Wednesday, July 2nd 2008 - 21:00 UTC

  Typhoon becomes RAF most advanced multi-role aircraft

  

  The Royal Air Force's Typhoon aircraft marked another milestone in its capability this week when it was declared operational in the air-to-ground role, becoming the Service's most advanced multi-role aircraft. The multi-role capability means that RAF Typhoons can now carry out precision Ground Attack as well as Air Defence tasks

• Wednesday, July 2nd 2008 - 21:00 UTC

  Argentina's Supreme Court rulings could torpedo export taxes

  

  Argentina's Supreme Court could play a decisive role in the several months stand off between the administration of President Cristina Fernandez de Kirchner and farmers over the implementation of levies on grains and oil seeds exports.

• Wednesday, July 2nd 2008 - 21:00 UTC

  Brazil announces massive support plan to increase crops

  

  Brazil has promised farmers 78 billion Reais, approximately 48 billion US dollars, in soft loans to promote agriculture production and help curb inflation announced on Wednesday the country's development bank, BNDES.

• Wednesday, July 2nd 2008 - 21:00 UTC

  Dow Jones down 20% from Oct. peak; GM lowest since 1954

  

  The Dow Jones Industrial Average closed more than 20% below its October 2007 peak on Wednesday, meaning it is officially a bear market. The blue-chip index fell 166.8 points or 1.46% to 11,215.5, which is 21.0% below its 14,198.1 close on 11 October.

• Tuesday, July 1st 2008 - 21:00 UTC

  What's wrong with a stringy carrot or wobbly melon?

  The EU farm chief called for the comeback of the curvy cucumber and other odd-shaped produce sold in shops as part of proposals to ease market restrictions on fruit and vegetables amid rising food prices.

• Tuesday, July 1st 2008 - 21:00 UTC

  Record EU inflation in June, 4%; ECB ready to hike rate

  Annual inflation in the Euro zone hit a record 4% in June, the EU statistics agency Eurostat said Monday, adding pressure on the European Central Bank to raise borrowing costs even as the economy slows.