Economy

• Friday, November 22nd 2013 - 03:21 UTC

  Janet Yellen ready to become the most powerful woman in world finance

  

  The United States Senate Banking Committee approved on Thursday Janet Yellen's nomination to become the first woman to lead the Federal Reserve, sending it to the full Senate for a final vote. If she is confirmed, as is widely expected, the current No. 2 at the central bank will replace its chairman, Ben Bernanke, when his term expires on January 31, making her the most powerful woman in world finance.

• Friday, November 22nd 2013 - 02:02 UTC

  Morales orders double Christmas bonus for Bolivia's 300.000 public employees

  

  In what seems a partial contagion of what is happening in Venezuela, Bolivian President Evo Morales announced that he will double the Christmas bonus for Bolivia’s public employees which will be the equivalent of two months extra salary.

• Thursday, November 21st 2013 - 18:34 UTC

  Falklands’ aquaculture advances with development of brown trout pilot farm

  

  One of the Falklands leading Seafood Companies, Fortuna, has invested in a pilot brown trout farm facility in the Falkland Islands. The project is lead by Simon Hardcastle, a Falkland Islander with experience of fish farming both in Scotland and in earlier projects in the Islands.

• Thursday, November 21st 2013 - 18:22 UTC

  Uruguay confirms a “several speeds” Mercosur in trade talks with European Union

  

  For Mercosur it is absolutely crucial that the trade and cooperation agreement with the European Union becomes effective said Uruguayan Vice-president Danilo Astori who indicated that Brazil and Uruguay are advancing the agreement at a faster speed than Argentina, which is involved in “a more protectionist focus”.

• Thursday, November 21st 2013 - 15:06 UTC

  Brazil's unemployment drops to 5.2% in October unaffected by weak economic performance

  

  Brazil's jobless rate fell to 5.2% in October from 5.4% the previous month, despite sluggish economic growth, official statistics released Thursday showed. In October of 2012, the rate stood at 5.3%, according to the Brazilian Institute of Geography and Statistics (IBGE). Brazil experienced record low unemployment of 4.6% last December.

• Thursday, November 21st 2013 - 07:02 UTC

  US 'budget-debt ceiling' political clashes threaten slower world growth, warns OECD

  

  The Organization for Economic Cooperation and Development, OECD, cut its forecast for global economic growth through next year and warned that fiscal and monetary policy decisions looming in the U.S. could derail the recovery. OECD said world economic output would expand 2.7% this year and 3.6% in 2014, down from May's forecast of 3.1% and 4%.

• Wednesday, November 20th 2013 - 20:49 UTC

  US consumer prices fell 0.1% in October and in the last twelve months was 1%

  

  US consumer prices fell 0.1% in October as petrol prices dropped, the US Labor Department has said. Petrol prices fell 2.9%, the biggest drop since April. The cost of new cars, clothes and healthcare also fell. The decrease meant that annual inflation in the 12 months to October was just 1%.

• Wednesday, November 20th 2013 - 20:43 UTC

  Bank of England enthusiastic about UK recovery, according to November minutes

  

  The UK is in a sustained recovery and does not face major inflation risks, Bank of England policymakers have said. Minutes from the Monetary Policy Committee's November meeting showed the nine members all voted to leave interest rates at 0.5%.

• Wednesday, November 20th 2013 - 20:38 UTC

  Galicia companies involved in sales of undeclared fish catches: tax evasion close to 14 million Euros

  

  The first four ship owners summoned by the Court of Marin, Galicia, northwest Spain admitted to having incurred in fraudulent tax practices in 2008, 2009 and 2010. The Pontevedra Criminal Crimes prosecutor accused the fishing vessel owners of fraud totaling 13.7 million Euros, from the sale of undeclared fish catches from the cooperative San Miguel de Marin

• Wednesday, November 20th 2013 - 05:22 UTC

  Cristina Fernandez most emblematic and faithful “K soldier” sent to Italy

  

  On Tuesday, one day after resuming her Executive duties, Argentine president Cristina Fernandez accepted the resignation of the most emblematic of the Kirchner-couple bullying tactics, a true 'K soldier' who has been on the job since 2005 and was expected to step down with the lady in 2015.