Stories for January 17th 2013

Thursday, January 17th 2013 - 23:45 UTC

European Parliament calls for speeding EU/Mercosur trade negotiations

Both sides have to prove that negotiations have the sufficient political motivation

The European Parliament regretted that negotiations for an association agreement between the European Union and Mercosur remain stalled or have hardly advanced since they officially resumed two years ago.

Thursday, January 17th 2013 - 22:02 UTC

Uruguay’s growth estimates for this year, 3.86%, according to private estimates

Inflation and budget deficit continue as the weak points of the Uruguayan economy

Private analysts lowered their forecasts for Uruguay’s GDP growth this year from an average of 4% in December to 3.86%, according to the latest monthly survey on economic expectations released by the Central Bank. Expectations for January ranged between 3.2% and 4%.

Thursday, January 17th 2013 - 20:27 UTC

IMF ‘definitive’ assessment of Argentine inflation and GDP stats in February

Ms Lagarde: ‘it will be on February first’. If no agreement is reached IMF could implement sanctions

IMF Managing Director Christine Lagarde confirmed to the Argentine media that next February first the fund will be assessing her critical report on Argentine statistics, which could lead to sanctions for the country.

Thursday, January 17th 2013 - 16:49 UTC

Uruguay poised to grow 4% this year; Argentina and Brazil, 3.4%, says World Bank

Latin America remains vulnerable because of its dependence on commodities exports, particularly to China

Uruguay’s economy is poised to grow 4% this year and in 2014, which is above the region’s average, according to the World Bank’s latest Global Economic Prospects issued this week. However Uruguay will be ranked twelfth in the growth ranking of Latinamerica this year but ahead of Brazil and Argentina with 3.4%.

Thursday, January 17th 2013 - 16:47 UTC

Brazil expects to tame inflation with the currency and energy rate cuts

Arno Agustin does not see the need for monetary policy

The Brazilian currency and energy rate cuts will help tame inflation this year, allowing the Brazilian central bank to keep interest rates at a record low even as growth accelerates, said Treasury Secretary Arno Augustin.

Thursday, January 17th 2013 - 15:38 UTC

Atlantic countries concerned with UK presence in Falklands; call for talks with Argentina

Ministers gather for the farewell photo of the event

Twenty one countries from South America and Africa strongly supported their commitment to keep the South Atlantic free of arms of massive destruction and expressed concern over the British military presence in the Falklands/Malvinas, which are claimed by Argentina.

Thursday, January 17th 2013 - 14:04 UTC

Despite inflation risks Brazil keeps interest rates at record low, 7.25%

Tombini admits inflation has proven resilient in the short term

The Brazilian central bank kept its benchmark interest rate at a record low for the second straight meeting, 7.25%, despite admitting inflation was a short term risk and economic recovery less intense than expected.

Thursday, January 17th 2013 - 08:26 UTC

World Bank says global economy remains fragile: forecasts GDP growth at 2.4%

Global trade of goods and services is expected to accelerate, expanding by 6% in 2013 and 7% by 2015.

Four years after the onset of the global financial crisis, the worst appears to be over. However, the global economy remains fragile, as high-income countries continue to suffer from volatility and slow growth, says the World Bank’s latest Global Economic Prospects, issued on Wednesday.

Thursday, January 17th 2013 - 08:23 UTC

New housing project in Stanley anticipating Falklands’ oil industry development

The FIC project includes 26 two bedroom apartments in the form of a long 80 metres terrace of land

In anticipation of the business opportunities the oil industry will bring to the Falkland Islands, a leading company has plans to build in the capital Stanley 26 two bedroom apartments in the form of an 80 metre long terrace on land were previously there were temporary housing and offices since removed.

Thursday, January 17th 2013 - 08:18 UTC

Lifetime speech for Cameron: how much Europe Brits are willing to tolerate

One third of Cameron's parliamentary party drew up the “Manifesto for Change”

British Prime Minister David Cameron came under renewed pressure to loosen his country's ties with the European Union today, two days ahead of a major speech in which he will spell out plans to renegotiate Britain's membership of the EU.

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