Stories for September 21st 2012
Over the years there has been talk of implementing a minimum wage in the Falkland Islands, a significant amount of work has been undertaken on the issue and a minimum wage should be in place by early 2013.
Brazil threatened on Friday a further clampdown on speculative foreign capital, firing a warning shot in the currency war Finance minister Guido Mantega blames on money-printing by Western central banks.
World trade will grow by a mere 2.5% this year, dragged down by Europe to less than half of the previous 20-year average, the World Trade Organization (WTO) said on Friday. WTO cut its estimate from a 2012 growth forecast of 3.7% in April and also lowered its growth forecast for 2013 to 4.5% from 5.6%.
US Trade Representative Ron Kirk urged the Brazilian government in a letter sent on Wednesday to reconsider plans for protectionist tariff increases expected to hurt US exports.
Latin America’s two largest economies should be expanding rather than curbing trade flows, Mexico’s President-elect Enrique Peña Nieto said in veiled criticism of a Brazilian restriction on Mexican car imports.
UN President Barack Obama admitted on Thursday my biggest failure so far is a lack of comprehensive immigration reform, but it wasn't for lack of trying or desire.
Political pressure on organisers of the Seatrade South America convention held in Buenos Aires, Argentina, last week meant the Falkland Islands was ignored during discussions as a tourist destination in the region.
Brazil's middle class which now numbers 104 million equivalent to 53% of total population (38% ten years ago), is likely to move 1 trillion Reais this year (approx a trillion dollars), government estimates show.
The Argentine Central bank has issued a new 100 Pesos bill to honour the figure of Eva Duarte de Perón, and a 2 Pesos coin commemorating the thirtieth anniversary of the landing of Argentine troops in the Malvinas Islands.
Argentina’s industrial output fell 0.8% last August when compared to the same month last year, according to the country’s stats office Indec. However it improved 0.7% when compared to July but dropped 1.2%, points out Indec Monthly Industrial Estimate