Economy

Economy
Tuesday, November 18th 2014 - 06:52 UTC

David Cameron: Red lights are flashing on the global economy (*)

“The Euro zone is teetering on the brink of a possible third recession, with high unemployment, falling growth and the real risk of falling prices too”.

The G20 meeting in Brisbane made it clearer than ever to me that we in Britain must stick to our long-term economic plan. Six years on from the financial crash that brought the world to its knees, red warning lights are once again flashing on the dashboard of the global economy

Tuesday, November 18th 2014 - 06:39 UTC

European Union blasts main trading partners over protectionism

”I regret to see that many countries still consider protectionism a valid policy tool. said Cecilia Malmström, the EU Trade Commissioner.

The tendency to impose trade-restricting measures remains strong among the European Union's commercial partners, fuelling continuing uncertainty in the world economy. These are the main findings of the European Commission's annual report on protectionism published Monday 17 November.

Tuesday, November 18th 2014 - 06:26 UTC

China and Australia seal major free trade agreement after a decade of talks

PM Tony Abbott described the deal as the first China signs “with a substantial economy, and the most comprehensive agreement that China has concluded”.

China and Australia have sealed a major free trade agreement, as Chinese President Xi Jinping made a rare address to parliament in Canberra. The deal, the result of a decade of talks, will open up markets worth billions of dollars, Canberra says.

Tuesday, November 18th 2014 - 06:12 UTC

China and Brazil confirm closer trade and investment ties

Rousseff said Brazil hopes to enhance cooperation with China in such areas as oil and gas, new energy, satellite and information technology

Chinese President Xi Jinping met his Brazilian counterpart Dilma Rousseff in Australia on the sidelines of the G20 summit, calling for substantial progress in China-Brazil railway cooperation and further expanding trade and investment.

Monday, November 17th 2014 - 06:50 UTC

IEA says oil supplies may not keep up with demand

Global oil demand is expected to increase by 37% by 2040, with a dominant proportion of that coming from developing countries – i.e. China and India

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades.

Monday, November 17th 2014 - 06:34 UTC

Top Gibraltar delegation after trade and political contacts in US

“Gibraltar has an opportunity to tap into that single market” which is being discussed between the EU and the US, said Fabian Picardo

Gibraltar Chief Minister Fabian Picardo and Deputy Chief Minister Dr Joseph Garcia are in Washington DC for a series of commercial and political meetings, which took off at the US Chamber of Commerce building in order to support the formal accreditation of AmCham Gibraltar.

Monday, November 17th 2014 - 06:06 UTC

UK will not support World Bank loans to Argentina; British public opinion against such aid

PM Cameron is being urged by MPs to prevent any more money being sent to Argentina before a final decision on the latest loan is made next month

The United Kingdom contributions mostly through World Bank loans and aid to Argentina have again been questioned in Britain with demands on Prime Minister David Cameron to block British taxpayers cash going to the country which has 'precarious finances' and a long standing demand over the Falkland Islands sovereignty.

Saturday, November 15th 2014 - 08:04 UTC

Stats bash Roussef: Brazil lost jobs in October for the first time since 1999

Many of Brazil's homebuilders, carmakers and retailers have already been trimming jobs since earlier this year to reduce costs and protect profits

Brazil lost jobs in October for the first time in at least 15 years, revealing the delicate state of the economy ahead of potential tax hikes and government austerity. Labor Ministry data showed on Friday that Latin America's largest economy unexpectedly trimmed 30,283 net payroll jobs in the tenth month of the year, the worst reading for the month since the data series began in 1999.

Saturday, November 15th 2014 - 07:59 UTC

Argentine inflation: make your pick, in October anywhere from 1.2% to 2.3%

Indec as usual had the lowest rate while the private estimates hovered between 1.9% and 2.3%

A reliable universally accepted rate of inflation in Argentina seems hard to come by although there are a battery of estimates, each of them arguing they are supported by statistically proven methods and thus the certainty of the indexes released.

Friday, November 14th 2014 - 07:27 UTC

Falklands accepts Premier's 'realistic solution' to current world oil price environment

Stephen Luxton said FIG ”look forward to the existing productive working relationship continuing through project sanction to first oil production.”

The Falkland Islands Government said on Thursday it took notice of the announcement by Premier Oil of their revised proposal for commercial oil production in the Falkland Islands, which “it is considered represents a realistic solution to progress development in the current international oil price environment”.

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