Economy

• Saturday, December 6th 2014 - 00:30 UTC

  Argentina offers advance payment of 2015 maturing bonds to head off speculation

  

  Argentina's government offered this week to make full early payment on a local dollar-denominated bond to head off speculation that its legal battle with U.S. hedge funds will make it unable to service its debt.

• Friday, December 5th 2014 - 07:01 UTC

  Falklands interested in training oil industry manpower with support from Trinidad and Tobago

  

  Four senior oil industry business and training executives are in the Falkland Islands promoting Trinidad and Tobago’s oil industry training services. Preparing staff for the oil industry is crucial if benefits are to be injected to the local economy in the form of jobs and knowhow.

• Friday, December 5th 2014 - 06:50 UTC

  Could falling oil prices spark a financial crisis?

  

  The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns.

• Friday, December 5th 2014 - 06:45 UTC

  Bank of England leaves rates unchanged but deflation fears persist

  

  UK interest rates have been held at a record low of 0.5% for another month by the Bank of England. It also decided to maintain its quantitative easing program, designed to stimulate lending in the economy, at the £375bn already spent.

• Friday, December 5th 2014 - 06:19 UTC

  Latin America 'unfortunately' has a very low participation in global trade

  

  Latin America 'unfortunately' has a very low participation in world trade which is a major challenge for the region, according to Gonzalo Rodriguez, member of Mercosur technical staff, who was one of several speakers at the preamble of Unasur summit.

• Friday, December 5th 2014 - 06:14 UTC

  ECB steps up plans for more stimulus measures to revitalize Euro-economy

  

  The European Central Bank (ECB) has “stepped up” plans for more stimulus measures aimed at revitalizing the Euro-zone economy, bank president Mario Draghi said on Thursday. His comments came after the ECB held interest rates at 0.05%.

• Thursday, December 4th 2014 - 06:06 UTC

  Ecuador to combat IUU fishing as part of trade agreement with the EU

  

  Ecuador's Deputy Minister of Aquaculture and Fisheries organized a workshop with representatives from various government institutions related to port and maritime fisheries control in the country in order to develop a National Action Plan to prevent, deter and eliminate illegal, unreported and unregulated (IUU) fishing.

• Thursday, December 4th 2014 - 05:51 UTC

  Falling oil prices comes as a blessing for dollar-short Argentina

  

  The slump in global oil prices will reduce Argentina's energy import bill by several billion dollars, a development that could ease pressure on the Central Bank’s strained foreign-currency reserves, according to Economy minister Axel Kicillof.

• Thursday, December 4th 2014 - 05:28 UTC

  UK to tax multinationals that siphon profits into low-tax havens

  

  Britain plans to introduce a tax to target multinationals such as Google and Amazon accused of using complex accounting schemes to cut their payments on earnings in the country.

• Thursday, December 4th 2014 - 05:09 UTC

  Rousseff promises JPMorgan investors a balanced budget and full support of Levy

  

  President Dilma Rousseff said in a letter to investors that one of the main priorities of her second term will be to put Brazil's fiscal accounts in order, sending a strong message that her administration will adopt more market-friendly policies.