Stories for 2013

Friday, May 3rd 2013 - 02:27 UTC
Bank of Canada names long term bureaucrat and economist as new head

The Bank of Canada has named long-term bureaucrat and economist Stephen Poloz as its new head, replacing Mark Carney who is going to run the Bank of England. Mr Poloz was a surprise choice as many observers expected Mr Carney's senior deputy, Tiff Macklem, to succeed him.
Friday, May 3rd 2013 - 02:24 UTC
EU “nightmare of unemployment” debate reaches ECB, which cuts rates to record low 0.5%

The European Central Bank cut interest rates to a new record low on Thursday amid a chorus of calls for the Euro zone to focus on growth to end a “nightmare of unemployment” in the bloc. It was the first cut in ten months.
Thursday, May 2nd 2013 - 08:18 UTC
Obama begins fourth visit to strategic Mexico with a full agenda of critical issues

President Barack Obama leaves on Thursday for Mexico and Costa Rica, on a strategic mission to deepen trade ties and jobs’ creation but also hoping to discuss US immigration reform, security threats and drug wars.
Thursday, May 2nd 2013 - 08:03 UTC
Where is Uruguay’s economy headed?

Fitch Ratings in March joined two other major ratings agencies in giving Uruguay its coveted investment grade, a move that lowers the nation’s borrowing costs and opens up opportunities for new investors.
Thursday, May 2nd 2013 - 07:56 UTC
British tax havens will have to open their banking systems to UK and EU scrutiny

Tax havens such as Bermuda and the Cayman Islands will work more closely with Britain and other European countries to fight tax evasion, British finance minister George Osborne said.
Thursday, May 2nd 2013 - 07:50 UTC
Argentina’s seafood exports in two months: 48.418 tons; lower prices for hake, squid and shrimp

Argentina reported exports of 48.418 tons of seafood in the first two months of the year equivalent to 140.8 million dollars, which is 8.2% less than the same period a year ago, mainly because of lower prices.
Thursday, May 2nd 2013 - 07:45 UTC
Brazil leads meeting of Amazon basin Cooperation Treaty in Ecuador

Brazilian Foreign minister Antonio Patriota arrives Thursday in Ecuador for bilateral talks on trade, investment and immigration, and to attend a day later the Amazon group summit of ministers, reports Itamaraty palace.
Thursday, May 2nd 2013 - 07:37 UTC
Falkland Islands’ economy ‘strangling’ and intimidation by Argentina reported in British media

Argentina’s ongoing attempts to strangle the Falkland Islands economy by intimidating cruise vessels from calling at Stanley and other islands has been picked up by the Daily Mail in an article written by Ian Drury.
Thursday, May 2nd 2013 - 07:29 UTC
Brazil’s primary surplus well below target because of ‘government efforts to prop the economy’

Brazil posted a budget primary surplus of 3.5 billion Reais (1.75bn dollars) in March, recovering after a deficit in February, but still the worst performance in the first quarter of the last four years, according to central bank data released this week.
Thursday, May 2nd 2013 - 07:23 UTC
Israel defense supplier to establish an aerospace research hub in south Brazil

Israeli defense giant Elbit Systems Ltd. plans to create a hub of aerospace research in the southern Brazilian state of Rio Grande do Sul, company officials said.