Economy

• Thursday, February 14th 2013 - 01:47 UTC

  New York court agrees to hear bank that supports Argentina in debt restructure case

  

  A New York federal appeals court has agreed to hear from more parties potentially affected by its review of a decision requiring Argentina to pay 1.33 billion dollars to bondholders who did not participate in two debt restructurings.

• Wednesday, February 13th 2013 - 20:36 UTC

  USA and EU make official talks to begin Atlantic free trade alliance

  

  The United States and the European Union agreed on Wednesday to push for the launch by the end of June of talks to create an Atlantic free trade alliance that could be a benchmark for global partners to follow. A free trade deal would be the most ambitious ever attempted, encompassing half the world's economic output and a third of global trade flows.

• Wednesday, February 13th 2013 - 05:24 UTC

  Obama challenges Congress to ‘take a vote’ on a package of progressive reforms

  

  President Barack Obama pledged in his annual State of the Union speech to revive the sluggish US economy by creating “good, middle-class jobs”. The Democratic president promised “smarter” rather than bigger government for “the many, and not just the few” and called on Congress 'to take a vote' on a package of progressive reforms..

• Monday, February 11th 2013 - 22:56 UTC

  Following EU horse-meat guidelines, Falklands removes potentially affected products

  

  The European horse-meat scare has reached the Falkland Islands but the government has stated that local retailers have voluntarily removed potentially affected products from their shelves and “there is nothing to suggest a safety risk to consumers who may have eaten affected products”.

• Monday, February 11th 2013 - 22:08 UTC

  FAO January food price index shows oil and fats up, cereals down, dairy and beef unchanged

  

  FAO Food Price Index held steady at 210 points in January 2013 after three straight months of decline. Increases in oil and fats prices offset lower cereals and sugar quotations while dairy and meat values remained substantially unchanged. The pause in the Index's decline tallies with a significant upward revision in FAO latest forecast for 2012 world cereal production. This is now estimated at 2.302 million tonnes - 20 million tonnes up on December's forecast.

• Monday, February 11th 2013 - 21:14 UTC

  Gibraltar delegate to address ‘self-determination and sovereignty claims” at Falklands’ conference

  

  The 43rd British Islands and Mediterranean Region Annual Conference of the Commonwealth Parliamentary Association hosted by the Falkland Islands for the second time begins on Tuesday. Over forty delegates have travelled to the Islands for the Conference and Falklands Radio will be broadcasting some of the sessions.

• Monday, February 11th 2013 - 21:13 UTC

  Everybody fears Berlusconi, who keeps climbing in the polls for Italian elections

  

  Prime Minister Mario Monti accused his media magnate rival Silvio Berlusconi of trying to buy votes with impossible promises as Italy's election campaign entered its last phase. With February 24-25 vote two weeks away, polls suggest the centre-left Democratic Party (PD) will win a solid lower house majority but may need a deal with Monti's centrists to gain the control of the Senate it must have to govern.

• Monday, February 11th 2013 - 01:00 UTC

  Hague accuses Argentina of “bullying and intimidatory behavior” towards the Falklands

  

  Foreign Secretary William Hague has accused Argentina of “bullying and intimidatory behaviour” towards the Falkland Islands. Mr Hague in a Sunday interview with The Sun promised never to negotiate over the islands' sovereignty unless their people called for it - a referendum will take place next month.

• Monday, February 11th 2013 - 00:56 UTC

  Brazil January inflation spike triggers concern for the government and investors

  

  Brazilian inflation in January climbed to 0.86%, the highest for the month in the last ten years, according to the country’s stats office, IBGE. Inflation in December was 0.79%, ending the twelve months of last year at 5.82% which was in the target range with a ceiling of 6.5%.

• Saturday, February 9th 2013 - 09:32 UTC

  Venezuela devalues currency 32% to help cut 11% of GDP fiscal gap

  

  Venezuela devalued its currency for the fifth time in nine years as ailing President Hugo Chavez seeks to narrow a widening fiscal gap and reduce a shortage of dollars in the economy. The new exchange rate falls by 32% to 6.3 Bolivar per dollar starting Feb. 13, Finance Minister Jorge Giordani told reporters in Caracas.