Economy

• Thursday, January 17th 2013 - 08:26 UTC

  World Bank says global economy remains fragile: forecasts GDP growth at 2.4%

  

  Four years after the onset of the global financial crisis, the worst appears to be over. However, the global economy remains fragile, as high-income countries continue to suffer from volatility and slow growth, says the World Bank’s latest Global Economic Prospects, issued on Wednesday.

• Thursday, January 17th 2013 - 08:23 UTC

  New housing project in Stanley anticipating Falklands’ oil industry development

  

  In anticipation of the business opportunities the oil industry will bring to the Falkland Islands, a leading company has plans to build in the capital Stanley 26 two bedroom apartments in the form of an 80 metre long terrace on land were previously there were temporary housing and offices since removed.

• Thursday, January 17th 2013 - 00:37 UTC

  Britain’s prized AAA credit rating under ‘significant pressure’; review in March

  

  Britain’s prized AAA credit rating remains under “significant pressure”, the Fitch rating agency warned this week. David Riley, the head of global sovereign ratings at the agency, said Chancellor George Osborne’s admission in last month’s autumn statement that he would miss his 2016 target date for public debt to start falling had been a “negative event” for the UK.

• Wednesday, January 16th 2013 - 08:37 UTC

  Chile mining industry expects 100bn dollars investment in next twelve years

  

  Chile is expecting investments in the mining industry of 100 billion dollars in the next twelve years, of which 48bn in the eight year period to 2020 and mostly in cooper according to the National Mining Society, Sonami.

• Wednesday, January 16th 2013 - 06:17 UTC

  Last year’s official inflation in Argentina: 10.8%, less than half private estimates

  

  Official inflation in Argentina was 1% in December ending the twelve months at 10.8%, which is less than half private agencies average estimate regularly released as the Congressional index, which was 2.1% and 25.6%, respectively.

• Wednesday, January 16th 2013 - 05:54 UTC

  Record tourist arrivals in Chile during 2012: 3.5million. Target for this year: 4m

  

  Chile received a total of 3.5 million foreign tourists in 2012, a 13% hike over the year before and an all-time record. The 13% gain far outpaced the 6% increase that Latin America scored as a whole last year, Chile's deputy secretary for tourism, Jacqueline Plass, said.

• Wednesday, January 16th 2013 - 03:52 UTC

  Statement on Falklands expected from South Atlantic peace zone meeting

  

  Representatives from 21 African and South American countries are debating in Uruguay the consolidation of the South Atlantic as a zone free of massive destruction arms and its “improper militarization”, as a result of the growing tension between the UK and Argentina over the Falkland Islands.

• Tuesday, January 15th 2013 - 22:00 UTC

  Cuba admits 51 cholera cases in Havana; travel warnings from UK and US

  

  Cuba's Public Health Ministry on Tuesday acknowledged 51 new cases of cholera in the capital Havana amid growing concerns about the illness' spread and disappointment in the diplomatic community over the government's lack of transparency.

• Tuesday, January 15th 2013 - 06:49 UTC

  Battle over the debt ceiling rages; Bernanke warns economy still too weak

  

  Federal Reserve Chairman Ben Bernanke urged US lawmakers to lift the country's borrowing limit to avoid a potentially disastrous debt default, warning that the economy was still at risk from political gridlock over the deficit.

• Tuesday, January 15th 2013 - 02:06 UTC

  Argentina’s inflation in 2012 climbed to 25.6% according to private agencies

  

  The 2012 twelve-month inflation in Argentina climbed to 25.6%, two times the figures registered by the official data from stats office Indec, according to the index presented by opposition lawmakers based in the analysis of nine private agencies.