Stories for January 2014

Tuesday, January 28th 2014 - 05:05 UTC
Argentine market cautious reaction to new rules on foreign exchange and dollar savings

In what promises to be a week of surprises as the Argentine government unfolds measures to contain the price of the US dollar, this Monday the peso held relatively stable after last week's sharp devaluation. While the official rate remained unchanged at 8.01 Pesos for a greenback, in the parallel market it climbed to 12.15 Pesos.
Tuesday, January 28th 2014 - 05:00 UTC
Brazil current account deficit ended 2013 at its widest in twelve years

Brazil's current account ended 2013 at its widest deficit in 12 years amid a weakened foreign trade balance, heavy outgoing service payments, overseas profit remittances and an overall lack of confidence in the country's economic policies.
Tuesday, January 28th 2014 - 04:36 UTC
Cristina Fernandez has lunch with Fidel Castro and blasts banks' “speculative practices”

Argentine President Cristina Fernández used her personal Twitter account to blast figures in the banking and financial industries, which according to the head of state used speculative practices to send Argentina into default in 2001.
Tuesday, January 28th 2014 - 04:27 UTC
Falklands lawmaker on political visit to New Zealand and Australia

Mike Summers Member of the Legislative Assembly of the Falkland Islands will visit New Zealand and Australia this week as part of a regional tour where he will present the Falklands as a modern, thriving democracy and address the Falkland Islanders right to self determination. There are long-standing links between the countries, and this tour hopes to build upon existing relationships.
Monday, January 27th 2014 - 19:26 UTC
Coca Cola CEO warns youth unemployment is a great risk for social peace

Unemployment among teens and young adults represents a huge global problem, says Muhtar Kent, CEO of Coca-Cola. In the United States, teenage unemployment totaled 20.2 percent in December and if the situation isn't addressed, the results could be devastating, the social peace and fabric of the world is in danger.
Monday, January 27th 2014 - 16:48 UTC
Falklands Islands, CELAC and the right to self-determination

By Tim Cole - This week the CELAC Summit will be held in Havana and the Cuban government will be in charge of finalizing the language in the Summit declarations. Inevitably there will be one on the Falkland Islands and I suspect it will ignore the referendum held on the Islands last year when 99.8% voted in favor of the Islands remaining an Overseas Territory of the United Kingdom.
Sunday, January 26th 2014 - 13:01 UTC
Falklands receives this week members of the UK Parliament

Three members of the UK Parliament will be arriving in the Falkland Islands next week for a short visit. Conservative party members Guy Opperman and Mark Menzies are accompanied by Labor Party member Yvonne Fovargue and arrive on January 30, departing on February 4.
Sunday, January 26th 2014 - 12:36 UTC
Belize and Guatemala agree on 'road map' to address the territorial dispute

Belize and Guatemala agreed at the headquarters of the Organization of American States on a “Road Map and Plan of Action”, which has as its main objective the strengthening of the bilateral relationship between the two countries during 2014 in order to make concrete the holding of popular consultations to enable the consideration of the territorial dispute before the International Court of Justice (ICJ).
Sunday, January 26th 2014 - 12:17 UTC
Spain has “not taken one step back” regarding its Gibraltar policy, rather the contrary

The Spanish Government has “not taken any step back” in relation to its Gibraltar policy “but it has taken many steps forward”, the country’s foreign minister Jose Manuel Garcia Margallo has declared. Despite the issue having dropped profile in the news since recent weeks, it is an issue “permanently” on the Spanish agenda, the Spanish official told Onda Cero radio.
Sunday, January 26th 2014 - 12:06 UTC
Maduro sets limits on company profits and prison terms for hoarding or over charging

Venezuela decreed a new price control law that sets limits on company profits and establishes prison terms for those charged with hoarding or over-charging, part of populist President Nicolas Maduro's efforts to tame inflation.