Archive for May, 2008

Russia suspends embargo on beef imports from Brazilian state of Mato Grosso

Saturday, May 31st, 2008

The Brazilian Ministry of Agriculture, Livestock and Supply announced Friday that Russia has suspended restrictions on beef imported from Mato Grosso state in the South American country's central-west region. Despite the fact that t ...

Eurozone unemployment remains low at 7.1% in April

Saturday, May 31st, 2008

Unemployment in the euro zone remained at its record low level of 7.1 percent for the third consecutive month in April, the European Union (EU)'s statistics bureau Eurostat said on Friday. The figure was the lowest level since the i ...

Canada launches first carbon exchange market

Saturday, May 31st, 2008

Canada has launched its first carbon-trading exchange market, the Montreal Climate Exchange (MCeX) on Friday, which will trade carbon emission credits to help cut greenhouse gases. The exchange will allow industries that do not yet ...

Oil prices edge up on weak dollar

Saturday, May 31st, 2008

Crude futures edged up Friday as a declining U.S. dollar prompting investors to buy commodities. Light, sweet crude for July delivery rose 73 cents to settle at127.35 dollars a barrel on the New York Mercantile Exchange (NYMEX). Oil ...

Wall Street trades mixed on economic data, corporate earnings

Saturday, May 31st, 2008

Wall Street traded mixed Friday as investors digested economic data and corporate earnings report. The U.S. Commerce Department posted that personal spending rose by 0.2 percent last month, and personal income rose by 0.2 percent. The ...

Fed’s rate cuts "add to inflationary pressure"

Saturday, May 31st, 2008

The U.S. Federal Reserve's interest rate cuts have helped increase liquidity, but have also led to rising prices in commodities, Zhou Xiaochuan, governor of the People's Bank of China, said on Friday. The central bank governor said t ...

Dollar falls as U.S. consumer confidence hits 28-year low

Saturday, May 31st, 2008

The dollar fell against most major currencies on Friday after a survey showed that the U.S. consumer confidence fell for the fourth straight month to a 28-year low in May. The index of consumer confidence fell to 59.8 from 62.6 in A ...

U.S. agricultural exports to hit all-time high

Saturday, May 31st, 2008

U.S. agricultural exports are expected to reach a record 108.5 billion dollars in the 2008 fiscal year, Agriculture Secretary Ed Schafer said Friday while releasing an updated quarterly forecast for agricultural exports. This upward ...