Stories for 2013

Saturday, January 26th 2013 - 04:26 UTC
Spain’s jobless soars to 26%; 1.8 million households with no member employed

Spain’s unemployment rate shot up to a record 26% in the fourth quarter of 2012, leaving almost six million people out of work, the National Statistics Institute said on Friday. The rate rose from 25% in the third quarter as the country’s recession deepened.
Saturday, January 26th 2013 - 04:10 UTC
Chancellor Osborne will ‘not run away’ from UK economic woes despite triple-dip recession signals

Chancellor George Osborne has vowed not to “run away” from Britain's economic woes amid fresh signs the UK is heading for an unprecedented triple dip recession. The first official estimate from the Office for National Statistics (ONS) revealed the economy shrank by 0.3% between October and December, slamming the recovery into reverse after the 0.9% growth seen in the previous quarter.
Friday, January 25th 2013 - 17:48 UTC
Argentina easing imports’ restrictions mainly for Mercosur associates

The government of President Cristina Fernandez has decided to revoke non-automatic licensing requirements which had been placed on certain products before they could be imported into Argentina for consumption, according to a resolution published Friday on the Official Gazette. But earlier in the week Argentina increased the import tariff on a hundred products to the maximum authorized by WTO, which is 35%.
Friday, January 25th 2013 - 15:24 UTC
Falklands to host Commonwealth lawmakers’ conference: ‘self determination and devolution’ in agenda

The Falkland Islands will be hosting the 43rd British Islands and Mediterranean Region (BIMR) Annual Conference of the Commonwealth Parliamentary Association (CPA) from the 11th to 15th February 2013. This is the second time BIMR holds its annual conference in the Falklands, last time was in February 2004.
Friday, January 25th 2013 - 07:49 UTC
Brazil’s Vale suspends ‘indefinitely’ 6bn potash project in Argentina

Brazil’s government managed Vale and the world’s third-largest mining company, suspended works at its 6 billion dollars potash project in Argentina indefinitely. A suspension at the Rio Colorado potash project in the Argentine province of Mendoza since last month will be maintained, the Rio de Janeiro-based company said in an e-mail.
Friday, January 25th 2013 - 07:43 UTC
Argentina’s industrial production down in 2012, first time in a decade

Industrial output dropped 1.2% in 2012 compared to the volume registered in 2011, Indec national statistics bureau reported on Thursday. The Industrial Monthly Estimator (EMI) stated that industrial production dropped 3.4% in December when compared to the same month of 2011
Friday, January 25th 2013 - 07:39 UTC
Global economic rebound in 2014 following on a weakened 2013, says IMF

An unexpectedly stubborn Euro zone recession and weakness in Japan will weigh on global economic growth this year before a rebound in 2014 that should deliver the fastest expansion since 2010, according to the International Monetary Fund.
Friday, January 25th 2013 - 07:34 UTC
Brazil development bank plans to invest almost a trillion dollars in next three years

Brazil’s Social and Economic Development Bank (BNDES) has plans to invest 1.858 trillion Reais (approx 906bn dollars) between 2013 and 2016. In 2012, total investments amounted to approximately 156 billion Reais, up 12% compared to 2011, and a total of 2.394 trillion Reais was invested between 2008 and 2012.
Friday, January 25th 2013 - 06:34 UTC
Cameron at Davos called for a more competitive, open and flexible Europe

British Prime Minister David Cameron insisted on Thursday he was not turning his back on Europe as the global elite at the annual Davos meeting gave his referendum plans a frosty reception.
Friday, January 25th 2013 - 05:43 UTC
Falklands make £8m transfer to “Oil Development Reserve”, future sovereign wealth fund

The government of the Falkland Islands has made a transfer of over 8 million pounds (£ 8.274 million) to the new Oil Development Reserve, a first step towards a ‘Sovereign Wealth Fund’ based on the Norwegian model it was explained at this week’s meeting of the Standing Finance Committee.