Industry News

International Economy / Markets

Mexico May Raise 2010 Growth Forecast, Cordero Says
Mexico's government is likely to raise its 2010 economic growth forecast following an increased estimate from the International Monetary Fund, Finance Minister Ernesto Cordero said.

Russian Agriculture ministry cuts forecast of grain harvest to 85 mln tons in 2010
The Russian Agriculture Ministry has decreased the forecast of this year's grain harvest from 90 million tonnes to 85 million tonnes, while the export potential will make up at least 20 million tonnes, Agriculture Minister Yelena Skrynnik told a session of the government presidium on Monday.

EU banks' muted demand for short-term loans boosts euro
Relief that a second day of lending by the European Central Bank (ECB) to commercial banks passed off without any nasty surprises helped boost the euro on Thursday.

Agricultural producers risks insurance should be considered-Putin
Only ten percent of agricultural enterprises in Russia are now insured, Prime Minister Vladimir Putin told the conference "On the Expenditures of the Federal Budget for 2011 and the Planned Period of 2012 and 2013, as Regards Agriculture and the Fisheries Complex".

Dollar, Euro Fall as China Flexibility Boosts Growth Outlook
The dollar and euro fell against most of their major counterparts after China said it would allow more flexibility in the yuan's fixed exchange rate, boosting optimism economic growth may strengthen.

IMF: Global economy to grow 4.2%
AP via Manufacturing.net (April 21, 2010) - The International Monetary Fund says the global economy, after enduring a crippling recession, should see better-than-expected growth this year, led by strength in China and other developing nations.

Putin: Russia's recession over
Xinhua (April 20, 2010) - Prime Minister Vladimir Putin said Tuesday that a number of economic indicators show that Russia's recession has ended, but the crisis is not over yet, news agencies reported.

UK economy 'is still not growing'
BBC (October 7, 2009) - Contrary to expectations, the UK economy did not grow between July and September, an influential economic body predicts.

Dollar hits new low against ruble since start of year
Itar-Tass (October 6, 2009) - The U.S. dollar fell by 24.63 kopecks to 29.8322 rubles Tuesday, hitting the lowest level against the ruble since the beginning of this year, according to the official rate set by the Central Bank of Russia (CBR), the business news agency Prime-TASS reported.