Economy

Saturday, February 8th 2014 - 08:51 UTC
English football association looking for new sponsor: Budweiser steps down

England's Football Association (FA) has confirmed it needs a new sponsor for the FA Cup after Budweiser decided not to renew its £9m-a-year deal. The current deal with the US drinks giant expires at the end of the season, and the search is on for a replacement for the 2014-15 competition.
Saturday, February 8th 2014 - 08:36 UTC
Unemployment in the US falls to lowest level since October 2008, but it's not enough

The US economy added 113,000 jobs in January; the second month in a row the figure has been weaker than expected. Economists had predicted the US Labor Department would report an increase of about 180,000 new jobs. However, the unemployment rate fell to 6.8%, the lowest level since October 2008.
Saturday, February 8th 2014 - 06:35 UTC
Mercosur interested in trade integration with members of the Pacific Alliance, says Brazil

Mercosur pretends to increase its trade integration with members from the Pacific Alliance, said Brazilian foreign minister Luiz Alberto Figuereido. The top official made the statement this week before the Brazilian Senate foreign affairs committee.
Friday, February 7th 2014 - 21:00 UTC
Falklands' farmers urged to prepare for declining wool prices forced by currencies' distortions

Falkland Islands farmers are being urged to plan for income reductions in the order of 15 to 25% for the season's wool production with the potential for more reductions, MLA Phyl Rendell announced in Legislative Assembly last week.
Friday, February 7th 2014 - 07:18 UTC
ECB president downplays the threat of deflation in the Euro zone

The European Central Bank left interest rates at a record low at 0.25% on Thursday, but said it remained ready to act in the face of risks to the Euro zone economy, particularly turbulence in the emerging markets, and downplayed deflation.
Friday, February 7th 2014 - 07:13 UTC
Two leading US Senators anticipate an economic crisis in Argentina, soon

The current Argentine economic situation reached the US Capitol during the hearings to consider President Obama's nomination for future ambassador in Buenos Aires, and what was said was not encouraging.
Thursday, February 6th 2014 - 22:03 UTC
Bank of England leaves rates on hold; next week's inflation report could signal changes

UK interest rates have been kept unchanged at their record low of 0.5% by the Bank of England. The bank's Monetary Policy Committee, (MPC) also left the £375bn quantitative easing stimulus program unchanged. Analysts now hope that the Bank will use next week's inflation report to signal changes to its policy of forward guidance.
Thursday, February 6th 2014 - 21:58 UTC
Mercosur committee to meet next week to address tariffs' reduction proposal

A Mercosur technical committee will be meeting next week in Venezuela to elaborate the group's final tariffs reduction proposal to exchange with the European Union as part of the ongoing, but long delayed, negotiations to reach an ambitious free trade agreement, according to Brazil's foreign minister Luiz Alberto Figuereido.
Thursday, February 6th 2014 - 05:22 UTC
BP warns of 'big uncertainties' over possibility of Scotland becoming independent

Oil giant BP boss Bob Dudley has warned there are “big uncertainties” for the company over the possibility of Scotland becoming independent. Mr Dudley told the BBC the “question mark” over which currency Scotland might adopt if there was a 'yes' vote in September's referendum was “a concern”.
Thursday, February 6th 2014 - 05:06 UTC
Venezuela business organizations will challenge in court latest measures by Maduro administration

A leading Venezuelan businessman rejected a new presidential decree limiting the profit margins of companies, vowing to take the fight all the way to the country’s Supreme Court. The President of the Venezuelan Federation of Chambers of Commerce and Industry (Fedecámaras) Jorge Roig, announced he had the backing of his organization and other business leaders.