Economy

Thursday, March 8th 2012 - 09:42 UTC
Brazil has become the sixth-largest economy in the world overtaking the UK

Brazil has become the sixth-biggest economy in the world, the country's finance minister announced. The National Institute of Economic and Social Research (NIESR) and other economic forecasters also said that Brazil had now overtaken the UK.
Thursday, March 8th 2012 - 06:42 UTC
Spanish King rings Cristina Fernandez to cool YPF taking over campaign

Spain’s Foreign Secretary Manuel Garcia Margallo admitted there is great concern in Madrid over the situation of Repsol-YPF in Argentina, which is questioning the oil corporation for not having invested sufficiently or paid sufficient taxes, and revealed that King Juan Carlos has been on the phone with President Cristina Fernandez.
Thursday, March 8th 2012 - 06:26 UTC
Poor marks for Argentina in the annual report on money laundering activities

Argentina became an important destination for money laundering activities in 2011 and is now part of a list including 66 nations that the US State Department says are “jurisdictions of primary concern.”
Thursday, March 8th 2012 - 06:10 UTC
Mexico’s tycoon Slim world’s richest man for a third consecutive year

Mexican tycoon Carlos Slim, who on Wednesday topped the Forbes rich list for a third consecutive year with a fortune of 69 billion dollars, invests widely as he seeks to expand his massive telecoms empire.
Thursday, March 8th 2012 - 06:06 UTC
Brazilian surprise: basic rate down to 9.75%, lowest in years

Brazil’s Central bank on Wednesday surprised analysts by accelerating the pace of interest rate cuts, bringing borrowing costs to 9.75%, below 10% for only the second time on record as it seeks to revive growth.
Thursday, March 8th 2012 - 01:37 UTC
Argentina blasts EU and describes Trade spokesperson statements as “false”

Argentina categorically rejected ‘false’ statements from the EU Trade spokesperson relative to a clarification request to Argentina, allegedly not replied, involving relations of the UK with Buenos Aires and also questioned the EU ‘silence’ on the Malvinas sovereignty question.
Wednesday, March 7th 2012 - 23:24 UTC
EU calls on Argentina to respect international trade commitments

The European Union has called on Argentina to respect international trade commitments, following on the announcement by the Minister of Industry to boycott the purchase of imports originating in the UK in an escalating row over the Falklands.
Wednesday, March 7th 2012 - 17:25 UTC
Argentina to demand a review of the South Atlantic fisheries agreement

President Cristina Fernandez announced that Argentina will request the review of the South Atlantic fisheries agreement, because the UK and the Falklands are not abiding by the ‘protocols’ signed in the early nineties.
Wednesday, March 7th 2012 - 17:23 UTC
Cristina Fernandez meets Piñera next week: Falklands air link in the agenda

Argentine president Cristina Fernandez is scheduled to travel to Chile next week to meet with her peer Sebastian Piñera and the Falklands issue expected to outstand in the bilateral agenda, particularly air links with the Islands.
Wednesday, March 7th 2012 - 17:18 UTC
Gibraltar Port Authority attends Seatrade Cruise Convention in Miami

The Gibraltar Port Authority is participating in the Seatrade Cruise Shipping Convention which takes place in Miami between the 12th and 15th March 2012.