Stories for December 2013

Saturday, December 7th 2013 - 06:34 UTC
Brazil says Argentina will again open the doors to bilateral trade next week

Argentina will from next week open the doors for Brazilian imports held up on the border between the two nations, including footwear and motor vehicles, according to Brazilian Minister of Development, Industry and Foreign Trade Fernando Pimentel.
Saturday, December 7th 2013 - 06:08 UTC
US government intervenes in favor of Argentina in defaulted-bonds ongoing case

The US government has asked the US Supreme Court to intervene over a hedge fund's effort to gain information about Argentina's non-US assets as part of an ongoing litigation, which is rapidly becoming a lead case regarding sovereign assets and sovereign debts rescheduling.
Saturday, December 7th 2013 - 06:03 UTC
Brazil inflation slows down in November to an annualized 5.77%

Brazil's annual inflation cooled in November falling to 5.77%, reported the Institute of Geography and Statistics, IBGE, on Friday. The November reading was the lowest since registering 5.84% in December 2012.
Saturday, December 7th 2013 - 05:56 UTC
UK considers drawing a historic parallel between Gibraltar and Spain's Ceuta and Melilla

The British Government drew a historic parallel between Gibraltar and Spain’s north African enclaves in a parliamentary response this week. While recognizing that Ceuta and Melilla had a different constitutional relationship with Spain, Europe Minister David Lidington said the enclaves and Gibraltar both stemmed from “a distinct set of historical circumstances.”
Friday, December 6th 2013 - 23:31 UTC
Despite strong signs of recovery, Bank of England leaves interest rates unchanged

The Bank of England held interest rates at a record low once more this week in spite of mounting optimism over the UK recovery. A flurry of encouraging signs on the UK economy has fuelled expectations for growth to pick up to around 1% this quarter.
Friday, December 6th 2013 - 23:27 UTC
Falklands' flag flying at half mast in honour of Nelson Mandela

In a statement released Friday afternoon, the Falkland Islands Government has said it was saddened to learn of the passing of former South African President Nelson Mandela yesterday.
Friday, December 6th 2013 - 23:20 UTC
Falklands working on a policy to protect the Islands from norovirus

The Falkland Islands is aiming to develop a policy to protect the territory from the spread of norovirus, an infection which is not uncommon in big urban centres but which several cruise vessels have also experienced.
Friday, December 6th 2013 - 23:16 UTC
Europe demanding a decision from Mercosur on advancing the trade talks

The European Commission president Jose Manuel Barroso called on Mercosur to decide whether it wishes to advance in trade talks with the European Union jointly, as a block, and suggested the idea of a 'two-speed negotiation', since it is clear that Brazil is interested in advancing and wants to reach an agreement.
Friday, December 6th 2013 - 07:10 UTC
World joins in grief and admiration for South Africa's greatest, Madiba

Former South African president and hero of the anti-apartheid movement, Nelson Mandela, has passed away in his home following a long fight against illness, current head of state Jacob Zuma revealed on Thursday in a press conference.
Friday, December 6th 2013 - 07:05 UTC
Brazil's central bank expected to keep current pace of interest rate increases

Brazil's central bank said its current pace of interest rate increases remains appropriate to rein in consumer prices, repeating language it used to justify previous half-percentage-point increases, according to the November 26/27 minutes released on Thursday.