Stories for December 26th 2012

Wednesday, December 26th 2012 - 07:30 UTC

Good year ahead for Mexico while investors feel frustrated with ‘Brazil cost’

A turnaround for Mexico boosted by the recovery of the US and lower labour costs

Brazil and Mexico, Latin America’s two largest economies could be facing a 2013 of contrasting performance and prospects. Brazil has been hit by weakening Chinese demand for commodities, while rival Mexico, the new darling of foreign investors, is posting increasingly strong growth. The figures speak for themselves.

Wednesday, December 26th 2012 - 07:25 UTC

Brazil warns countries that have banned imports of beef because of atypical BSE

Enio Marques Pereira: ‘March is the deadline’, or Brazil will file a complaint at WTO

The world’s top beef exporter, Brazil, will give countries that curbed imports of its beef after a case of mad cow disease until March to drop the measures or it will file a complaint at the World Trade Organization, farm ministry officials said.

Wednesday, December 26th 2012 - 07:17 UTC

Fuel-price controls force Brazil to import 12bn dollars in oil and refined products

Plenty of oil but keeping fuel cheap for political reasons has its cost

Brazil faces record trade deficits in petroleum products in 2012 and 2013 as a result of government fuel-price controls, problems with its refining system and rising consumer demand, the Folha de S. Paulo newspaper reported last weekend.

Wednesday, December 26th 2012 - 07:06 UTC

Falklands' Fishing Companies Association in its sixth year of existence

Cheryl Roberts, chair of FIFCA underlined the recent success of Brussels Seafood Show

The Chair of the Falkland Islands Fishing Companies Association (FIFCA), Cheryl Roberts, used the occasion of the annual Christmas social evening at the Wirebird last week to reflect on FIFCA’s role in what is now its sixth year of existence.

Wednesday, December 26th 2012 - 06:53 UTC

Falklands’ share Norway’s oil wealth fund and port infrastructure experience

MLA Sawle also visited Hammerfest perpetually dark at this time of the year

Though plagued with flu and taking place largely in darkness, the recent visit to Norway by Members of the Legislative Assembly and senior government officials appears to have produced encouraging results and shone some light on possible developments in the Falkland Islands, according to MLA Dick Sawle.

Wednesday, December 26th 2012 - 06:43 UTC

The magic of currencies: UK overtakes Brazil as the world’s sixth largest economy

CEBR Douglas McWilliams: ”We have been neck-and-neck with Brazil for some time”

Despite recession and the poor performance Britain has clawed back the ground it lost to Brazil in the rankings of the world's richest economies - but it is not expected to hold on to the spot for long.

Wednesday, December 26th 2012 - 06:35 UTC

Life sentence for Argentine civilian minister who worked with the military dictatorship

Jaime Smart was Province of Buenos Aires Minister of Interior from 1976 to 1979

An Argentine federal court handed down life sentences on Dec. 19 to former Buenos Aires province interior minister Jaime Smart (1976-1979), former Buenos Aires province police investigations director Miguel Osvaldo Etchecolatz and 14 former police and military personnel for genocide and crimes against humanity in the cases of 280 people detained during the 1976-1983 “dirty war” against suspected leftists.

Wednesday, December 26th 2012 - 06:27 UTC

Argentine economy forecast to expand 4.6% in 2013, but dollar clamp remains

Central bank president Marco del Pont: “we’re expecting a good 2013”

Argentina's economy is seen growing 4.6% next year, improving after drought and a slowdown in top trading partner Brazil took a toll in 2012, the central bank president said in an interview published on Sunday. She also advanced that the so called ‘dollar clamp’ or strict restrictions on the purchase of foreign currency remain.

Wednesday, December 26th 2012 - 06:16 UTC

UK Parliament addresses disruption of Falklands’ shipping and tourism by Argentina

Secretary Swire: “we are in discussions with international partners” remain in contact with the cruise ship industry

The disruption of shipping and tourism in Argentina and the Falkland Islands reached the British Parliament and was addressed by Foreign Office officials who said the UK regrets the Argentine attitude but is also holding talks with international partners that share concerns about illegitimate interferences, and with the cruise industry.

Wednesday, December 26th 2012 - 06:03 UTC

YPF and PDVSA will explore Malvinas continental shelf for oil, says Pagina 12

YPF Miguel Galuccio and PDVSA Rafael Ramirez Carreño

According to reports in the Argentine media, the nationalized Argentine oil company YPF, formerly owned by Spain's Repsol, will be teaming up with Venezuelan oil giant PDVSA to explore the continental shelf around the Falkland/Malvinas Islands for oil.

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