Stories for June 2014

Thursday, June 5th 2014 - 06:59 UTC
Sao Paulo metro workers declare an indefinite strike stranding 4.5m commuters

Sao Paulo metro workers voted Wednesday evening an indefinite strike beginning Thursday following the collapse of salary negotiations.
Thursday, June 5th 2014 - 06:54 UTC
Brazil scales back levies on foreign loans to help prop the national currency

The government of Brazil is cutting the tax obligations faced by business receiving foreign loans, opening the door to more financing opportunities, while helping address the problem of the falling value of the national currency, Real.
Thursday, June 5th 2014 - 00:04 UTC
Falklands developing strongly and with a high international community profile

Falkland Islands are enjoying the benefits of a healthy well managed economy, with excellent present and future prospects in its main industries, but also face challenges such as the need for manpower, closely linked to immigration, planning for a balance between environment and oil industry, a modern government and the continued attempts by Argentina to stifle the Islands economy and block economic development.
Wednesday, June 4th 2014 - 20:53 UTC
IAATO celebrates 25th meeting with growing membership and review of ports services

The International Association of Antarctica Tour Operators (IAATO) met in Providence, Rhode Island from 27-29 May for their 25th gathering of members and as at previous meetings, the goal was to review the past year and discuss current and future issues for the Antarctic tourism industry in line with the association’s mission to advocate, promote and practice safe and environmentally responsible tourism.
Wednesday, June 4th 2014 - 20:26 UTC
Falklands' welcomes rig-contract which marks beginning of oil drilling season in first quarter of 2015

The Falkland Islands Government welcomed the announcement on Thursday morning that a drilling rig has been contracted by a consortium of licensees for a new six-well program of offshore exploration and appraisal work commencing in early 2015.
Wednesday, June 4th 2014 - 09:14 UTC
Uruguay ready to receive Guantanamo prisoners and displaced Syrian children

Uruguayan government negotiations with Washington to receive detainees from the US jail in Guantanamo base, and with the UN to host Syrian children and their families are well advanced, revealed Foreign minister Luis Almagro.
Wednesday, June 4th 2014 - 09:03 UTC
Timid S&P ignores Moody's and leaves Uruguay' risk rating unchanged

Standard & Poor's (S&P) decided on Tuesday to maintain Uruguay's sovereign debt risk rating unchanged at the lowest investment grade BBB-, because although it has solid growth prospects, predictable policies and a favorable debt profile, the country still has limited fiscal and monetary flexibility and lives in a neighborhood experimenting 'economic stress'.
Wednesday, June 4th 2014 - 08:58 UTC
Mexico's Pemex sells its majority stake in Repsol over management disputes

Mexico's state-owned oil giant Pemex has sold the majority of its stake in Spanish energy firm Repsol for approximately 2.2bn Euros with the intervention of Citigroup and Deutsche Bank. Pemex has been a shareholder in Repsol for more than 25 years.
Wednesday, June 4th 2014 - 08:51 UTC
Euro zone entering 'deflation' zone; ECB expected to boost growth

Euro-zone inflation fell to 0.5% in May, down from 0.7% in April and well below the European Central Bank's 2% target. The fall means the ECB will be expected to take steps to boost growth and counter the threat of deflation when it meets on Thursday.
Wednesday, June 4th 2014 - 08:37 UTC
Brazilians pessimistic about the economy and benefits from the World Cup

Brazilians pessimism about the future of the economy has increased considerably with just a few days left for the opening of the World Cup, according to a public opinion poll released by Pew Research.