Economy

• Tuesday, October 16th 2012 - 00:07 UTC

  Brazil insists in criticizing US monetary policy, but “we are prepared”

  

  Brazil’s central bank president Alexandre Tombini refuted on Monday arguments that the US expansionist monetary policy do not harm emerging countries such as Brazil.

• Monday, October 15th 2012 - 22:17 UTC

  Spain has lost a million people since January 2011 because of the recession

  

  Condemned by recession, almost a million persons have left Spain since January last year according to a report from the country’s National Statistics Institute, INE, which also points out that the trend has intensified in the first nine months of this year.

• Monday, October 15th 2012 - 18:54 UTC

  “Angry Indec” video game to make Argentine more furious about prices

  

  An Argentine video game allows players to compare the prices used by the National Statistics and Census Institute, Indec, to measure inflation with those consumers say they pay, a pastime that has caused angry reactions among players when they see the gap.

• Monday, October 15th 2012 - 18:48 UTC

  Bernanke replies to Brazil and IMF on rich countries monetary easing controversy

  

  Federal Reserve chairman Ben Bernanke has defended the central bank's measures to bolster the US economy. Brazil has said US monetary easing to keep interest rates low and weaken the dollar has hurt emerging economies. And IMF chief Christine Lagarde warned on Sunday of consequent asset bubbles developing in emerging nations.

• Monday, October 15th 2012 - 18:42 UTC

  China’s inflation eases as growth slows; plans to further boost domestic demand

  

  China's policymakers have been given more room to boost stimulus measures after the country's inflation rate dipped in September. Consumer prices rose 1.9% from a year earlier which is down from a rate of 2% in August.

• Monday, October 15th 2012 - 07:50 UTC

  Brazil good at global PR, but loses ground as an IMF group leader

  

  A good one and a bad one for Brazil: The New York Times announced on Sunday that it will launch an online edition Portuguese language edition in 2013 given the country’s growing global clout, but on the other hand Brazil’s nine nation constituency at the IMF will lose a member, Colombia that will join Mexico.

• Saturday, October 13th 2012 - 08:31 UTC

  “Dollar clamp” in Argentina extended to all outgoing tourists

  

  The Argentine foreign exchange clamp has reached the outgoing tourism industry which to have access to Central bank US dollars for the trip, must now report each ticket or package sale plus the overseas services contracted according to the latest resolution.

• Saturday, October 13th 2012 - 08:24 UTC

  Argentine official inflation in September 0.9%, less than half private estimates

  

  Official inflation in Argentina reached 0.9% in September against August, accumulating 7.8% in the first nine months of this year and 10% in the year, according to the Indec national statistics bureau.

• Friday, October 12th 2012 - 17:10 UTC

  Falklands’ government approves Rockhopper farm-out agreement with Premier Oil

  

  Rockhopper Exploration which struck oil at its North Falkland basin Sea Lion exploratory well in May 2010 has received formal agreement from the Falkland Islands Government to the farm-out agreement reached with Premier Oil.

• Friday, October 12th 2012 - 16:50 UTC

  Three extraction rigs expected to be operating in the Falklands in next 2/3 years

  

  As the final drill in the Falkland Islands oil exploration round nears completion Director of Mineral Resources Stephen Luxton said it was a safe assumption to plan for three rigs rather than two in the next two to three years when extraction would get underway.