Economy

• Wednesday, October 12th 2011 - 06:39 UTC

  Falklands Desire Petroleum and Rockhopper reach farm-out agreement and on new drillings

  

  Falkland Islands Desire Petroleum plc announced Wednesday that it has agreed the terms of a farm-out agreement, subject to the approval of the Falkland Islands Government, with Rockhopper Exploration PLC over the northern section of its Tranche D (PL004) licence.

• Wednesday, October 12th 2011 - 06:27 UTC

  S&P and Fitch downgrade main Spanish banks ratings on “dimmed” prospects

  

  Spanish banks including Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA had their ratings cut by Standard & Poor’s, which cited “dimming” growth prospects and “heightened” market turbulence.

• Wednesday, October 12th 2011 - 05:58 UTC

  Uruguayan president on ten-day European trade and business tour

  

  Uruguayan president Jose Mujica left on Tuesday for a ten day visit to Europe that will take him to Sweden, Norway, Germany and Belgium, where he is expected to promote trade, investments and economic development.

• Wednesday, October 12th 2011 - 05:56 UTC

  Great moment for Latin America but “beware of complacency”

  

  Latin America is going through a “great moment” but can’t be complacent when the European Union and the US are facing major challenges, and the region must definitively address the large integration challenges, warned Enrique García, head of the Andean Promotion Corporation, CAF.

• Wednesday, October 12th 2011 - 05:51 UTC

  Sharp economic predictor selling his firm because it looses money

  

  Roubini Global Economics, the global investment research firm co-founded by doom and gloom economist Nouriel Roubini, is reportedly for sale, according to a report from CNBC.

• Wednesday, October 12th 2011 - 05:49 UTC

  Protestors from ‘Stop the Machine’ surge into a US Senate building

  

  United States Capitol Hill police arrested six protesters Tuesday who surged into a Senate office building in Washington, chanting slogans for about 15 minutes before officers intervened.

• Wednesday, October 12th 2011 - 05:46 UTC

  Putin says Euro zone has sufficient resources and does not need BRIC aid

  

  Russian Prime Minister Vladimir Putin said on Tuesday that the crisis-hit Euro zone had enough resources to resolve its own troubles without support from Russia and fellow BRIC countries.

• Tuesday, October 11th 2011 - 23:41 UTC

  Uruguay celebrated the bicentennial with a huge colourful popular party

  

  Uruguay celebrated Monday October 10 the bicentennial of its emancipation process with a great colourful, open party that attracted over 300.000 people to the streets and stages in the capital Montevideo.

• Tuesday, October 11th 2011 - 23:37 UTC

  Protestors beaten in Boston; in New York a “Billionaire’s tour” is planned

  

  Tensions boiled over Tuesday in downtown Boston, where police arrested over 100 protesters from the Occupy Boston movement after the group expanded its encampment.

• Tuesday, October 11th 2011 - 23:34 UTC

  Trichet warns EU sovereign debt has become “systemic”

  

  Europe's top financial watchdog warned Tuesday that the Euro zone's sovereign debt crisis has become systemic and threatens global economic stability unless decisive action is taken urgently.