Stories for October 2014

Wednesday, October 15th 2014 - 08:36 UTC
Latin America with a huge deficit in infrastructure investment, says Eclac

Argentina should double its current investment in infrastructure and spend 6.2% of its Gross Domestic Product to satisfy its demands for the period 2012-2020, according to a report of the UN Economic Commission for Latin America and the Caribbean (ECLAC).
Wednesday, October 15th 2014 - 08:28 UTC
Germany insists with a 2015 balanced budget despite slower growth forecast

German Chancellor Angela Merkel on Tuesday rejected calls for Berlin to ditch its plans for a balanced budget next year and to instead invest more in order to shore up the faltering German and Euro zone economies. On Tuesday Germany slashed its 2014 growth forecast from 1.8% to 1.2%.
Wednesday, October 15th 2014 - 08:16 UTC
Oil prices hit new lows with prospects of further slide; excess supply, weak demand

Global oil prices have fallen further after the International Energy Agency (IEA) reported higher output and cut its forecast for demand growth. Brent crude fell 2.72 to 86.17 dollars a barrel before seeing a slight recovery, while US crude dropped 1.75 to 83.99.
Wednesday, October 15th 2014 - 07:54 UTC
Mujica running for a Senate seat, since he anticipates a weak government

Uruguay president Jose Mujica believes that the next parliament to emerge from the 26 October general election will have a difficult conformation, complicating the government's performance and that is the reason why he accepted to run for a Senate seat.
Wednesday, October 15th 2014 - 07:38 UTC
“Chile Day” in London underlines the very close links with the UK

Chilean authorities and business people opened the London Stock Exchange on Tuesday as part of the “Chile Day 2014” which is the country's foremost promotion event abroad for the financial and business sectors. UK Foreign Office Minister of State for Latin America Hugo Swire underlined that Chile in “a key partner in the region”.
Tuesday, October 14th 2014 - 19:27 UTC
Falklands at the Bird Fair with record attendance and “flawless performance”

The Falkland Islands were one of the main sponsors for the second year in a row of the recently completed annual Bird Fair event at the Rutland Wildlife Reserve, which had a better than expected attendance, and according to the Falkland Islands Tourist Board “went off flawlessly”.
Tuesday, October 14th 2014 - 16:43 UTC
IMF urges economic reforms or face brittle growth, high debt and unemployment

The world's policymakers must take economic reforms more seriously, or they could see their economies stuck in a muddle of mediocre growth with high debt and unemployment, the head of the International Monetary Fund said at the multilateral organization assembly.
Tuesday, October 14th 2014 - 16:25 UTC
Madrid's attitude towards Gibraltar could thwart Spain's seat at Security Council

Spain’s separate battles to both become a temporary member of the United Nations Security Council and to also force Britain into bilateral negotiations over Gibraltar appear to be on a collision course, according to a report in the Wall Street Journal.
Tuesday, October 14th 2014 - 11:54 UTC
First BMW rolls out from Brazilian plant; annual production goal: 30.000

Germany's BMW Group celebrated last week the first car to be assembled in its new Brazilian automobile plant in Araquari, Santa Catarina State, where over the course of the next few years, more than 200 million Euros will be invested in the plant, resulting in a production capacity of more than 30,000 vehicles annually.
Tuesday, October 14th 2014 - 06:54 UTC
Morales pledges orthodox economic policies and respect for private property

Bolivian President Evo Morales, who easily won a third term in a weekend election, has said he will stick to his brand of pragmatic socialism, respecting private property while expanding the state's role in the economy.