Stories for December 2014

Thursday, December 4th 2014 - 05:28 UTC
UK to tax multinationals that siphon profits into low-tax havens

Britain plans to introduce a tax to target multinationals such as Google and Amazon accused of using complex accounting schemes to cut their payments on earnings in the country.
Thursday, December 4th 2014 - 05:09 UTC
Rousseff promises JPMorgan investors a balanced budget and full support of Levy

President Dilma Rousseff said in a letter to investors that one of the main priorities of her second term will be to put Brazil's fiscal accounts in order, sending a strong message that her administration will adopt more market-friendly policies.
Thursday, December 4th 2014 - 05:03 UTC
Brazil raised the basic interest rate 50 basic points to 11.75%

Brazil's central bank on Wednesday raised its key interest rate by 50 basis points to 11.75%. The rise came on the back of a one quarter point rise just over a month ago which was the first since April and in the wake of populist Dilma Rousseff's re-election as president, who last week appointed a new finance team to tackle rising inflation.
Thursday, December 4th 2014 - 04:54 UTC
Pacific Alliance integrated stock markets, MILA, begins operations from Mexico

Mexico's stock exchange on Tuesday carried out its first operation as a member of the Latin American Integrated Market, or MILA, which connects it to bourses in Chile, Colombia and Peru, MILA said in a statement. The four countries are members of the Pacific Alliance an open market, pro business and foreign investment group created in 2012.
Wednesday, December 3rd 2014 - 22:31 UTC
Chile holds first Mayors climate change forum with UK support

Chile's first Mayors Climate Change Forum, a local government-led initiative focused on cities, local territories and climate change took place in late November with the support of the British Embassy in Santiago.
Wednesday, December 3rd 2014 - 22:08 UTC
Memorial to the Korean War unveiled at a ceremony in central London

A new memorial to the Korean War, a conflict often dubbed ‘the forgotten war’ was unveiled on Wednesday at a ceremony in central London.The Korean War Memorial, a gift from the Republic of Korea to honor the British troops that served between 1950 and 1953, is in the form of a bronze statue of a British soldier by sculptor Philip Jackson.
Wednesday, December 3rd 2014 - 21:40 UTC
Falklands' public opinion petition seeks to end ‘distressing’ flag-waving by visiting Argentines

A petition demanding action from the Falkland Islands Government in relation to Argentine visitors displaying Argentine flags says the behavior by the culprits is “disturbing, unsettling and distressing to many Falkland Islanders”, reports the Penguin News.
Wednesday, December 3rd 2014 - 10:57 UTC
Falklands' battle commemoration service in London next 8 December

A commemorative service at the naval church of St Martin-in-the-Fields, near Trafalgar Square, in London and a reception has been organized by the Falkland Islands Association to commemorate the Battle of Coronel (Nov. 1, 1914) and Battle of the Falklands (Dec. 8, 1914).
Wednesday, December 3rd 2014 - 09:31 UTC
Analysts anticipate 'painful adjustment' for Uruguay if there is a continuity of current policies

High inflation, relatively weak economic growth and an exhausted growth model are forecasted for Uruguayan president-elect Tabare Vazquez second administration as of next March, according to the latest report from two Capital Economics analysts.
Wednesday, December 3rd 2014 - 09:25 UTC
Russian ruble suffers its biggest one day skid since 1998

The Russian ruble suffered on Tuesday its biggest one-day decline since 1998 as oil prices continued to fall on Monday, escalating fears about the Russian economy. The currency slid almost 9% against the dollar before rallying after suspected central bank intervention.