Stories for October 22nd 2009
Latest News feedTourism Satellite Account a first for the Falkland Islands
The Falkland Islands Tourist Board this week launched the nation’s first ‘Tourism Satellite Account’ (TSA), a United Nations endorsed international standard for measuring the true economic impact of tourism.
Uruguay’s presidential election next Sunday too tight to call
Uruguay’s coming Sunday presidential election is proving to be more nerve-racking and difficult to forecast than anticipated, with the ruling coalition just a few inches away from repeating in spite of the falling performance of the main opposition candidate.
Lula’s presidential candidate receives support from Brazil’s main party
Brazil’s main political force, Brazilian Democratic Movement, PMDB closed this week a deal with President Lula da Silva to support Minister Dilma Rousseff as the ruling coalition’s presidential candidate for next year’s election.
US dollar slumps to its lowest in 14 months against the Euro, 1.50
The US dollar slumped Wednesday, with the Euro rising above 1.50 for the first time in 14 months, as optimism about the global economic recovery boosted demand for higher yielding currencies.
UK’s second biggest airport, Gatwick sold to US investment fund
Britain’s second-biggest airport will have new owners within weeks following a £1.51 billion deal with a US-based investment fund. Gatwick’s current operator BAA, heavily criticised for its stewardship of the West Sussex airport, said it had reached an agreement with Global Infrastructure Partners (GIP).
Argentina’s trade surplus contracts 42.8% during September
Argentina’s September trade surplus narrowed 42.8% from the same month a year ago, with exports falling even faster than imports, the government said this week. September’s 926 million US dollars surplus, which fell short of analysts’ expectations, is the smallest since January.
Developed countries recovery “rests on growth in Asia and Latinamerica”
The economic recovery of developed countries, including the United States, rests largely on the growth of developing Asian and Latin American countries, the chief economist of Spanish banking group BBVA said this week.
IMF is not the cause of Argentina’s poverty: “we are to blame”
Argentina’s former cabinet chief Alberto Fernandez said the International Momentary Fund, IMF, is not the cause of the country’s poverty. His statements come in the middle of negotiations between the administration of President Cristina Fernandez de Kirchner and the IMF for a possible understanding which could open the way for fresh funds for Argentina.
