Stories for January 25th 2013

Friday, January 25th 2013 - 17:48 UTC

Argentina easing imports’ restrictions mainly for Mercosur associates

The government of President Cristina Fernandez has decided to revoke non-automatic licensing requirements which had been placed on certain products before they could be imported into Argentina for consumption, according to a resolution published Friday on the Official Gazette. But earlier in the week Argentina increased the import tariff on a hundred products to the maximum authorized by WTO, which is 35%.

Friday, January 25th 2013 - 15:24 UTC

Falklands to host Commonwealth lawmakers’ conference: ‘self determination and devolution’ in agenda

Professor Keating is a political scientist specializing in management of nationality conflicts

The Falkland Islands will be hosting the 43rd British Islands and Mediterranean Region (BIMR) Annual Conference of the Commonwealth Parliamentary Association (CPA) from the 11th to 15th February 2013. This is the second time BIMR holds its annual conference in the Falklands, last time was in February 2004.

Friday, January 25th 2013 - 07:49 UTC

Brazil’s Vale suspends ‘indefinitely’ 6bn potash project in Argentina

CEO Murilo Ferreira making tough decisions to meet profit targets

Brazil’s government managed Vale and the world’s third-largest mining company, suspended works at its 6 billion dollars potash project in Argentina indefinitely. A suspension at the Rio Colorado potash project in the Argentine province of Mendoza since last month will be maintained, the Rio de Janeiro-based company said in an e-mail.

Friday, January 25th 2013 - 07:43 UTC

Argentina’s industrial production down in 2012, first time in a decade

Shrinking automobile output and drought-hit grain harvests had their impact

Industrial output dropped 1.2% in 2012 compared to the volume registered in 2011, Indec national statistics bureau reported on Thursday. The Industrial Monthly Estimator (EMI) stated that industrial production dropped 3.4% in December when compared to the same month of 2011

Friday, January 25th 2013 - 07:39 UTC

Global economic rebound in 2014 following on a weakened 2013, says IMF

IMF chief economist Olivier Blanchard said “less acute risks” but “some cautious optimism may indeed be justified”

An unexpectedly stubborn Euro zone recession and weakness in Japan will weigh on global economic growth this year before a rebound in 2014 that should deliver the fastest expansion since 2010, according to the International Monetary Fund.

Friday, January 25th 2013 - 07:34 UTC

Brazil development bank plans to invest almost a trillion dollars in next three years

President Coutinho: “on track to accelerate growth”

Brazil’s Social and Economic Development Bank (BNDES) has plans to invest 1.858 trillion Reais (approx 906bn dollars) between 2013 and 2016. In 2012, total investments amounted to approximately 156 billion Reais, up 12% compared to 2011, and a total of 2.394 trillion Reais was invested between 2008 and 2012.

Friday, January 25th 2013 - 06:34 UTC

Cameron at Davos called for a more competitive, open and flexible Europe

Dutch PM Rutte: “a UK outside the EU would be an island somewhere in the middle of the Atlantic Ocean between the United States and Europe”

British Prime Minister David Cameron insisted on Thursday he was not turning his back on Europe as the global elite at the annual Davos meeting gave his referendum plans a frosty reception.

Friday, January 25th 2013 - 05:43 UTC

Falklands make £8m transfer to “Oil Development Reserve”, future sovereign wealth fund

Oil industry and increased activity related to the 30th anniversary of the 1982 war boosted budget revenue

The government of the Falkland Islands has made a transfer of over 8 million pounds (£ 8.274 million) to the new Oil Development Reserve, a first step towards a ‘Sovereign Wealth Fund’ based on the Norwegian model it was explained at this week’s meeting of the Standing Finance Committee.

Friday, January 25th 2013 - 05:01 UTC

Gibraltar Chief Minister Picardo met President Obama during his inauguration

Picardo was invited by the Democrat party and is part of Gibraltar’s policy to increase political links with the US

Gibraltar Chief Minister Fabian Picardo had the opportunity to meet the President of the United States Barrack Obama during his five-day visit to Washington, No 6 said on Wednesday.

Friday, January 25th 2013 - 04:54 UTC

Germany, France and nine other EU countries approved tax on financial transactions

EU Taxation Commissioner Semeta said the tax, strongly rejected by the UK could yield up to 57 billion Euros a year

France, Germany and nine other European Union states side-stepped British opposition this week and won approval for a tax on financial transactions, it emerged on Wednesday.

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