Economy

Friday, November 9th 2012 - 06:15 UTC
Bank of England leaves further stimuli and rate on hold

The Bank of England has decided not to extend its quantitative easing (QE) stimulus program, which has injected £375bn into the UK financial system. Under QE, the Bank creates money and uses it to buy government bonds to try to stimulate the economy.
Thursday, November 8th 2012 - 07:08 UTC
Brazil says inflation in October peaked and should begin to ease

Brazilian Finance Minister Guido Mantega said on Wednesday that inflation has peaked and indicators are pointing to a retreat to a lower level. Consumer prices rose in October at their fastest pace since April due to higher food prices, government data showed, though a measure of wholesale costs suggested relief should arrive in coming months
Thursday, November 8th 2012 - 01:53 UTC
Brazil expands investmetns and builds closer economic ties in Africa

Brazilian companies are moving into Africa amid a government drive to build closer economic ties with the continent. A year ago Vale, the Brazilian mining giant, exported its first overseas coal shipment from Mozambique.
Thursday, November 8th 2012 - 01:49 UTC
Wall Street and rating agencies not pleased with the US elections results

No break for re-elected President Barack Obama. In the midst of what should be a honeymoon victory Fitch Ratings agency called on the newly appointed head of state to quickly “secure agreement on avoiding the 'fiscal cliff' and raising the debt ceiling,” to retain its “AAA” status.
Wednesday, November 7th 2012 - 22:52 UTC
Global meat production reached 297 million tons last year, up 0.8% over 2010

Global meat production rose to 297 million tons in 2011, an increase of 0.8% over 2010 levels, and is projected to reach 302 million tons by the end of 2012, according to new research conducted by the Worldwatch Institute.
Wednesday, November 7th 2012 - 22:42 UTC
India becomes main world beef exporter in 2012, and probably 2013

While the mantle of the world largest beef exporting nation has traditionally been a three-way race between Australia, Brazil and the US, 2012 has seen India race ahead of the pack, with expectations for Indian beef exports to grow again in 2013.
Wednesday, November 7th 2012 - 22:29 UTC
Falklands’ experience helps revolutionize oil and gas industry technology

Working on experience gained from the relocation of thousands of tons of equipment from Aberdeen to the Falkland Islands for the round of exploratory drilling started in 2010 has helped a Scottish company launch a software program set to revolutionize the oil and gas industry.
Wednesday, November 7th 2012 - 22:22 UTC
“Crystal Serenity” licensed to operate a casino while in Chilean waters

“Crystal Serenity” became the first cruise vessel licensed to operate and exploit casinos in Chilean waters, reported this week the country’s Casino Games Commission, SCJ. However the ruling also points out that the company authorized to operate the on board casinos must suspend gambling during docking and departure and while sailing inside the three miles.
Wednesday, November 7th 2012 - 04:34 UTC
Ex Mexican finance minister named IMF Western Hemisphere director

Mexican economist Alejandro Werner was named on Tuesday to the position of IMF Director, Western Hemisphere Department. His appointment will become effective early in January 2013. Mr. Werner succeeds Mr. Nicolas Eyzáguirre, who resigned effective July 26, 2012.
Wednesday, November 7th 2012 - 04:27 UTC
Soy crop prospects fin South America down: Argentina excessive water, in Brazil lack of rain

South America’s crop prospects deteriorated because of excessive rainfall in Argentina and dry conditions in central Brazil, according to Oil World. Argentina’s estimated 55/56 million tons soybean crop could drop anywhere from 3 6o 6 million tons because of delays in sowing caused by torrential rains and flooding.