Economy

Thursday, January 10th 2013 - 03:35 UTC
How the Americas can secure much needed ‘game-changing’ global expansion in higher education

By Anka Mulder - Over the next decade, it is estimated by the World Economic Forum (WEF) that the global economy will need to create some 600 million new jobs to preserve social cohesion, and ensure sustainable growth. In the midst of ongoing economic fragility across much of the world, this poses a monumental challenge, and will thus be one of the topics discussed at WEF annual meeting in Davos later this month.
Wednesday, January 9th 2013 - 16:50 UTC
Argos Resources storms ahead of its Falklands’ oil drilling rivals

Argos Resources the only Falklands explorer to not drill a well has had the most successful year of them all in share price terms. Results of interpretation of 3D seismic data are encouraging with a number of prospects identified and the company is looking for industry partners to take exploration drilling forward. Year to date share price performance: up 107.92% at 24.95p.
Wednesday, January 9th 2013 - 16:39 UTC
Rockhopper planning minimum three wells offshore Falklands in 2014

Rockhopper Exploration which discovered oil offshore the Falkland Islands in 2010 at its Sea Lion prospect is planning a minimum of three exploration and appraisal wells on its North Falkland Basin acreage in 2014 including Sea Lion satellites Casper, Casper South, and Beverley.
Tuesday, January 8th 2013 - 21:13 UTC
Sub-prime mortgage scandal: several US banks agree compensations totalling 20bn

Bank of America has agreed to pay US government mortgage agency Fannie Mae 11.6bn dollars to settle claims relating to residential home loans. The bank will pay 10.3bn to settle claims relating to the loans and 1.3bn in compensation to the agency.
Tuesday, January 8th 2013 - 20:41 UTC
Euro-zone unemployment up for 19th month running; Spain with record 26.6%

The unemployment rate across the troubled Euro zone hit 11.8% in November, up from 11.7% in October, with the number of people out of work in the 17-nation single currency area now nudging 19 million. Spain again recorded the highest with 26.6% and 57% for the under-25s.
Tuesday, January 8th 2013 - 20:37 UTC
Record year for car sales in Brazil, but production was down 1.9% in 2012

Brazil, the world's fourth largest car market, sold a record 3.8 million vehicles last year, according to industry data released this week. Brazil's National Association of Motor Vehicle Manufacturers (ANFAVEA) reported that sales were up 4.6% on the previous year despite a 1.9% drop in production, the first decline since 2002.
Tuesday, January 8th 2013 - 20:21 UTC
Corn-seed sales in Brazil, Argentina and Mexico help Monsanto with record earnings

US agricultural giant Monsanto Tuesday posted a large increase in quarterly earnings on strong results in corn seed sales in the US and Latin America and better sales of pesticides. The St Louis-based corporation said net income for the first quarter was 339 million dollars, up from 126 million a year earlier.
Tuesday, January 8th 2013 - 20:06 UTC
Top animal health organization calls on countries to lift ban on Brazilian beef

The head of the World Animal Health Organization (OIE) called on countries that are banning Brazilian beef imports, following a case of mad cow disease last month, to lift restrictions as soon as possible, saying they were not justified.
Tuesday, January 8th 2013 - 06:58 UTC
Chile government spending rate below the economy’s performance for second year running

Government expenditure in Chile expanded an estimated 5% last year while the economy grew 5.5%, making it the second consecutive year in which the economy outperforms outlays.
Tuesday, January 8th 2013 - 00:04 UTC
Uruguay wants to become one of the world’s leading wind power producers

The Uruguayan government has set its sights on becoming one of the world's leading wind power producers as part of plans to produce 90% of its electricity from renewable sources by 2015, although much of the plan is still on the drawing board.