Economy

• Sunday, May 11th 2014 - 08:34 UTC

  Falklands discusses capital projects investments over the next five years

  

  Falkland Islands members of the Legislative Assembly made an open, public presentation, with feedback, to explain how approximately £61.1 million in available government funds might be divided between capital projects over the next five years.

• Saturday, May 10th 2014 - 08:03 UTC

  Brazil's auto production rose in March but is down 21,4% compared to 2013

  

  Brazilian vehicle production rose 1.6% last month compared with March, but was down 21.4% from the level of April 2013, the Anfavea auto industry association said Friday. Last month saw 277,100 cars, trucks, SUVs and buses roll off assembly lines in Brazil, significantly short of the 352,400 vehicles produced by Latin America's largest economy in April 2013.

• Saturday, May 10th 2014 - 00:45 UTC

  Latam and Caribbean committed to eradicate hunger in the region by 2025

  

  Countries of Latin America and the Caribbean have advanced a robust agenda aimed at achieving the eradication of hunger in the region, during a major FAO meeting which concluded on Friday in Chile.

• Saturday, May 10th 2014 - 00:21 UTC

  German exporters say they can cope with a strong Euro

  

  German exporters are well-positioned to cope with the strong Euro, Germany's leading trade organization said on Friday, even after data showed exports posted their biggest fall in nearly a year in March.

• Saturday, May 10th 2014 - 00:13 UTC

  ECB ready to take action against low inflation and strong Euro, says Dragui

  

  The European Central Bank is ready to take action next month to boost the Euro zone economy if updated inflation forecasts merit it, said ECB president Mario Dragui warning outsiders not to pressure the bank into action.

• Saturday, May 10th 2014 - 00:05 UTC

  Despite some setbacks, FAO expects second largest cereal production this year

  

  Weather conditions in various countries and political tensions in the Black Sea region have made food markets more volatile, FAO reports in the new Food Outlook. In its first major forecast for 2014, FAO puts cereal production at 2 458 million tons (including milled rice), down some 2.4% from the 2013 record, though global output is still expected to be the second largest ever.

• Friday, May 9th 2014 - 22:15 UTC

  Bank of England leaves rates unchanged as UK economy recovers

  

  Interest rates have been held at the record low of 0.5% for another month by the Bank of England and so has the size of its bond-buying economic stimulus program unchanged at £375bn.The news is in line with analysts' expectations, despite recent evidence that the UK economic recovery is strengthening.

• Friday, May 9th 2014 - 07:20 UTC

  The 'indigence' basic food basket in Argentina climbed 40% in 12 months

  

  An average Argentine family during the month of April needed 4.779 Pesos (approx. 600 dollars) not to be included in the poverty category, which represents an increase of 1.6% over March, of 20% in the first four months of the year and 40.5% in the last twelve months, according to the latest report from the Latin American Economic Research Foundation, FIEL.

• Friday, May 9th 2014 - 07:11 UTC

  Holdout bondholders tell US Supreme Court Argentina's case is “undeserving of review”

  

  Holders of Argentine sovereign debt this week asked the U.S. Supreme Court not to hear that country's appeal of lower court decisions ordering it to pay them 1.33 billion dollars in a case Argentine officials warn could force it to default on its sovereign debt.

• Friday, May 9th 2014 - 07:01 UTC

  Repsol/YPF 'marriage' definitively over; Spanish company ends 15-year presence in Argentina

  

  Spanish oil major Repsol signed a definitive settlement agreement Thursday with Argentine President Cristina Fernandez's administration, which transferred more than 5 billion dollars in bonds as compensation for the 2012 seizure of Repsol's controlling stake in energy firm YPF.