Economy

• Thursday, October 25th 2012 - 18:26 UTC

  Olympics and Diamond Jubilee help UK economy return to growth in third quarter

  

  Spurred by the Olympics the UK economy returned to growth at its fastest pace in five years, official figures showed on Thursday. GDP 1% in the third quarter of the year, the Office for National Statistics said. This ended three consecutive quarters of declining output.

• Thursday, October 25th 2012 - 18:18 UTC

  Falklands Oil & Gas complete farm-out deal with US Noble Energy; drilling delay

  

  Falkland Oil and Gas Ltd., (FOGL), announced completion of the farm-out agreement with Noble Energy Falklands Limited, an affiliate of Houston based Noble Energy, Inc. and the signing of agreements with Petroleum Geo-Services (PGS) for the acquisition and processing of two new 3D seismic surveys.

• Thursday, October 25th 2012 - 06:39 UTC

  US sues Bank of America for mortgage fraud; ex Goldman & Sachs, two years in jail

  

  Bank of America is being sued for 1bn dollars for alleged mortgage fraud. The civil lawsuit has been brought by the US Attorney Preet Bharara, the top federal prosecutor in Manhattan, New York.

• Thursday, October 25th 2012 - 06:31 UTC

  Argentina reaches surplus target but exports in September plummeted 27%

  

  Argentine exports in September experienced their largest drop since the 2009 financial crisis totalling 6.818bn dollars or 12% less than the same month a year ago, according to the latest report on the country’s foreign trade released by INDEC.

• Thursday, October 25th 2012 - 00:10 UTC

  Fed pledges all efforts and policy tools to combat “elevated” unemployment

  

  In its last meeting before the November 6 presidential election, the Federal Reserve confirmed its current fresh-money support program for the recovery of the US economy arguing that growth continues slowly and unemployment rate “remains elevated”.

• Wednesday, October 24th 2012 - 21:25 UTC

  India becoming leading exporter of bovine meat: 1.66 million tons in 2012

  

  Indian buffalo meat exports have grown to record levels in the last two years, making India the fourth country in the world to export more than 1 million tons of bovine meat annually.

• Wednesday, October 24th 2012 - 21:17 UTC

  Panama and Uruguay with greatest per capita GDP increase in 2008/2012, says Latinvex

  

  Panama was the country with the greatest increase in per capita GDP in the last five years, followed by Uruguay, Peru, Dominican Republic and Chile according to a report from the digital publication Latinvex.

• Wednesday, October 24th 2012 - 05:51 UTC

  Cristina Fernandez triggers further uncertainty and fears to markets and investors

  

  The Argentine stock market Merval index fell the most in eleven months following on President Cristina Fernandez plans to overhaul securities rules and force insurers to spend more on industrial and infrastructure projects.

• Wednesday, October 24th 2012 - 05:47 UTC

  Brazil’s industrial production slows in September says Industries lobby

  

  Brazil's industrial production slowed in September from August amid tight competition and a lack of demand, according to a survey released Tuesday by the country's National Confederation of Industries, or CNI.

• Wednesday, October 24th 2012 - 05:44 UTC

  Brazil a magnet for auto manufacturers: Land Rover and KIA with plant plans

  

  Jaguar Land Rover will likely decide before the end of this year whether to build a factory in Brazil, local President Flavio Padovan said on Tuesday. South Korea’s KIA Company is also considering the manufacturing plant option following the increase in import taxes.