Economy

• Friday, February 15th 2013 - 18:56 UTC

  Top UK trade and media birdwatchers aiming for Falkland Islands’ experience

  

  The Falkland Islands Tourist Board (FITB) will be hosting some of the UK’s top bird watchers at the end of this month, on a trip led by Tim Appleton, cofounder and organiser of the prestigious British Birdwatching Fair.

• Friday, February 15th 2013 - 05:40 UTC

  Apple fighting to recover “iPhone” trademark registered in Brazil by local company

  

  Apple Inc, which lost the rights to its iPhone trademark in Brazil this week, is challenging the ruling by Brazil's copyright regulator to prevent local firm Gradiente Eletronica SA from using the “iphone” brand name.

• Friday, February 15th 2013 - 05:36 UTC

  China became in 2012 the world’s biggest trading nation surpassing the US

  

  China surpassed the US to become the world's biggest trading nation last year as measured by the sum of exports and imports of goods, a milestone in the Asian nation's challenge to the US dominance in global commerce.

• Friday, February 15th 2013 - 05:34 UTC

  Germany and France poor performance plunge Euro zone into recession

  

  The Euro zone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year. It marked the bloc's first full year in which no quarter produced growth, extending back to 1995.

• Friday, February 15th 2013 - 05:29 UTC

  G-20 Finance ministers to discuss effects of monetary stimuli and currency values

  

  The finance ministers of the G20 group of nations are meeting in Moscow amid concerns that major trading powers may be heading towards a currency war. Japan's monetary stance has seen a big decline in the Yen, while the Euro has risen against a basket of currencies.

• Thursday, February 14th 2013 - 23:35 UTC

  Fitch Ratings downgrades Argentina and Venezuela prospects for 2013

  

  Fitch ratings has lowered Argentina, Venezuela and El Salvador credit and growth prospects to negative, while for the rest of Latinamerica the situation remains stable, according to a seminar in Frankfort, on “Latinamerica opportunities and challenges”.

• Thursday, February 14th 2013 - 23:29 UTC

  IMF praises Venezuelan devaluation, but LechugaVerde/Bolivar gap close to 300%

  

  The International Monetary Fund, IMF, praised Venezuela for the recent devaluation of its currency saying it is a positive attempt to reduce macroeconomic misbalances but also called on the government of President Hugo Chavez to continue eliminating the exchange rate distortions.

• Thursday, February 14th 2013 - 20:55 UTC

  Paraguay looking ahead to a promising year for beef exports and cattle ranching

  

  Abattoirs in Paraguay during January slaughtered 73% more cattle than a year ago indicating strong demand both from overseas and local markets, but also the end of restrictions because of the foot and mouth disease outbreaks that last year knocked out the land locked country from foreign markets.

• Thursday, February 14th 2013 - 20:10 UTC

  UK will block IADB and World bank loans to Argentina because of financial ‘misconduct’

  

  UK joined the group of countries that vote against granting multilateral organizations’ loans to Argentina as a form of protesting the mistrust generated by the government of President Cristina Fernandez recurrent international misconduct, reports the Buenos Aires media.

• Thursday, February 14th 2013 - 01:49 UTC

  Argentina’s January inflation, 2.58%, highest in 22 months according to private estimates

  

  Argentina’s inflation last January was the highest in twenty two months, 2.58%, according to the average of private estimates which are banned from making public their findings, but which are released by the Congressional Freedom of Expression Committee.