Economy

Economy
Tuesday, October 14th 2014 - 05:35 UTC

Bank of England governor warns 'bankers' behavior still needs to change”

Governor Carney's warning comes amid a radical reshape of the industry aimed at limiting the impact of any future bank collapses.

Bankers' behavior still needs to change following the financial crisis, Bank of England governor Mark Carney has warned. He added that top executives had “got away without sanction”.“Maybe they were not at the best tables in society after that, but they're still at the best golf courses. That has to change,” he said. Mr Carney was speaking at the International Monetary Fund's annual meeting in Washington.

Monday, October 13th 2014 - 07:17 UTC

Argentina doesn't need international credit, “we have foreign currency to face debt maturities”

Kicillof argued the problem with foreign credit is “conditions demanded”

Argentine Economy Minister Axel Kicillof has assured that the government of president Cristina Fernandez is not seeking international financing despite current economic problems, since it has foreign trade surpluses and all the foreign exchange needed to face debt maturities.

Monday, October 13th 2014 - 06:54 UTC

US against China proposal to create a regional development bank for Asia

Xi Jinping want to make the formal announcement at a summit meeting of Asian leaders in November

For almost a year, China has been pitching an idea to its neighbors in Asia: a big, internationally funded bank that would offer quick financing for badly needed transportation, telecommunications and energy projects in underdeveloped countries across the region.

Saturday, October 11th 2014 - 03:24 UTC

Special Master Pollack to meet with Argentina's and holdout lawyers next week

Daniel Pollack confirmed that he anticipated a meeting, but declined to provide further details

A United States court-appointed mediator said on Friday he would hold a meeting next week between lawyers for Argentina and 'holdout' creditors suing the country in a longstanding dispute over defaulted debt.

Saturday, October 11th 2014 - 03:22 UTC

Morales confident he will win Sunday's election in all nine Bolivian districts

“Bolivia is now united, the so-called ‘half-moon’ (the opposition’s bastion of support in the east) has now become a full moon. We’ve all joined together”

At an event to mark the closing of his campaign ahead of Sunday’s elections, a self-assured Evo Morales told Bolivians that he will win all over the country and will even take the opposition’s bastions of support in the east.

Saturday, October 11th 2014 - 01:18 UTC

Falklands lawmakers at CPA conference discuss support for the Islands and education

The 60th annual meeting of the Commonwealth Parliamentary Association (CPA) conference was held in Yaounde, Cameroon. has 53 country members.

Falkland Island lawmakers, MLAs, Barry Elsby and Phyl Rendell have been attending the 60th annual meeting of the Commonwealth Parliamentary Association (CPA) conference in Yaounde, Cameroon. CPA is made up of Parliamentarians from 53 democratic countries with 188 branches in 9 Regions across the world.

Friday, October 10th 2014 - 06:13 UTC

Bumper harvests and stockpiles driving down cereal prices, says FAO report

World wheat production in 2014 is forecast to reach a new record

Food markets are more stable and prices for most agricultural commodities are sharply lower than they have been in recent years, according to the latest edition of FAO's biannual Food Outlook report and a new update to the Organization's monthly Food Price Index.

Friday, October 10th 2014 - 05:44 UTC

Falkland Islands' Tourist Board gearing up for another busy season

“We have added new products to our retail outlet this year and anticipate sales exceeding last year’s record breaking season” said FITB Managing Director Tony Mason

The Falkland Islands Tourist Board is in the final stages of Phase 2 renovations on the Jetty Visitors Centre which will complete the planned works said Tourist Board Managing Director Tony Mason, adding, “plans have been made to get the car park ready well ahead of the first cruise ship arrival.”

Friday, October 10th 2014 - 05:30 UTC

Industrial activity in Argentina down 2.9% in eight months of the year

Construction materials sales drop is closely linked to the 12.6% contraction of the construction industry

Industrial activity in Argentina dropped 4.9% during August compared to the same month a year ago, reported the Argentine Industrial Union (UIA), the country's most influential manufacturers' lobby. This represents its sixth straight fall and a 2,9% decline for the first eight months of 2014.

Friday, October 10th 2014 - 05:25 UTC

Buenos Aires City inflation in September up 2.2% and 40.3% in twelve months

Because of the change of season clothing and foot wear had a 4.5% impact

The Buenos Aires City consumer price index climbed 2.2% during September accumulating 40.3% in the last twelve months according to the latest release from the City's stats office. So far this year (nine months) inflation has reached 31.1%

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