Economy

• Thursday, November 1st 2012 - 06:33 UTC

  Major clash anticipated over EU budget; farm subsidies at the heart of dispute

  

  British Prime Minister David Cameron came under pressure to act tough on the European Union budget and France threatened to use its veto, signalling a divisive start to bargaining over the 1 trillion Euros long-term spending plan.

• Thursday, November 1st 2012 - 06:30 UTC

  Global wine production down with a tight market in the next twelve months

  

  Global wine production will slump to the lowest in 37 years after weather damage to grapes from France to Argentina, forcing a draw down of stocks, the International Organization of Vine and Wine, OIV, said.

• Thursday, November 1st 2012 - 00:10 UTC

  Hedge funds quietly investing in Falklands’ oil exploration companies

  

  Hedge funds have been quietly building up stakes in the oil explorers operating off the Falkland Islands betting that companies will ignore the threats made by Argentina to disrupt the activity, according to a Reuters’ piece published this week.

• Wednesday, October 31st 2012 - 23:34 UTC

  Gibraltar willing to enter a double taxation treaty with Spain

  

  Gibraltar said it complies with European Union and OECD regulations regarding finance centres and also indicated that it was willing to enter a double taxation treaty with Spain.

• Wednesday, October 31st 2012 - 23:13 UTC

  Falklands’ Desire Petroleum plans for the next three years

  

  Planning ahead for the next three years Falkland Islands Desire Petroleum announced on Wednesday changes to its Production Licences following approval received from Executive Council.

• Wednesday, October 31st 2012 - 20:51 UTC

  India/Brazil with highest government debt/GDP ratios among leading emerging economies

  

  India and Brazil have the highest government debt ratios at almost 70% of GDP among top ten emerging market economies, according to a report by Deutsche Bank.

• Wednesday, October 31st 2012 - 20:44 UTC

  Brazil’s primary budget surplus rapidly narrowing but Central bank confident target is within reach

  

  Brazil's primary budget surplus narrowed in September, distancing the government from its full-year surplus target, but the central bank said that target is still within reach. The accumulated primary surplus of January through September narrowed to 75.8 billion Brazilian Reais (37.3 billion dollars) from 104.6 billion Reais in the same period a year earlier.

• Wednesday, October 31st 2012 - 20:12 UTC

  Mercosur members, except Paraguay, de-listed from EU import preference scheme

  

  The European Union issued on Wednesday its revised import preference scheme - known as the Generalised Scheme of Preferences (GSP) - for developing countries most in need which will take effect from 1 January 2014, revealing that all Mercosur full members, except for Paraguay, will no longer benefit.

• Wednesday, October 31st 2012 - 05:17 UTC

  Sandy’s destruction along the US East coast estimated in 20bn dollars

  

  Businesses on the US East Coast have continued to be disrupted by storm Sandy, with total damage estimated at between 10bn and 20bn dollars. Sandy has flooded subway and road tunnels in much of Lower Manhattan.

• Wednesday, October 31st 2012 - 04:57 UTC

  NYSE resumes trading Wednesday despite NY transport system remains limited

  

  Stock markets, shuttered for two days by Hurricane Sandy’s punch ashore, plan to reopen Wednesday. The New York Stock Exchange’s parent company, NYSE Euronext, said trading would commence as usual with a 9:30 a.m. opening bell.