Economy

• Wednesday, September 12th 2012 - 14:32 UTC

  Nicola Granger appointed Financial Secretary for the Falklands government

  

  The Falkland Islands Government announced this week the appointment of Nicola Granger to the post of Financial Secretary for the Falkland Islands Government. Ms Granger steps into the role permanently from the Head of Finance Position when Keith Padgett became Chief Executive.

• Wednesday, September 12th 2012 - 02:01 UTC

  Wind could meet world power demand by 2013, say Stanford researchers

  

  By Andrew Myers (*) Adapting a sophisticated climate model, researchers show that there is plenty of wind available to supply half to several times the world's total energy needs within the next two decades.

• Wednesday, September 12th 2012 - 01:54 UTC

  EU bites the hand that feeds it: Russia’s Gazprom will bite back

  

  Gazprom has Europe's natural gas market in a stranglehold and Europe is attempting to fight back, first with a raid last year on the Russian giant's offices and then with a probe launched earlier this week against its allegedly illicit efforts to control the EU natural gas supplies.

• Wednesday, September 12th 2012 - 01:48 UTC

  Moody's warns US may lose triple-A debt rating if no agreement is reached on the debt

  

  The United States may lose its triple-A debt rating if next year's budget negotiations do not produce policies that over time decrease the country's debt, Moody's Investors Service said in an e-mailed statement on Tuesday.

• Wednesday, September 12th 2012 - 01:41 UTC

  Euro-Rescue-Day: German constitutional court rules on support for the EU currency

  

  Germany's Constitutional Court rejected on Tuesday an attempt to further delay a ruling on the European Stability Mechanism (ESM) and fiscal compact, which had previously been pushed back by months while the judges reviewed whether the German parliament is permitted under the constitution to ratify the treaties.

• Tuesday, September 11th 2012 - 06:40 UTC

  Despite the clamp, Timerman’s plans big ‘dollar splash’ next March in Uruguay

  

  While most Argentines face increasing difficulties to access to US dollars, to travel overseas or use their debit and credit cards abroad, (the famous ‘dollar clamp’) one of President Cristina Fernandez most notorious and loquacious ministers, Hector Timerman is organizing a three-day major splash at Uruguay’s most posh resort to celebrate the marriage of his eldest daughter.

• Tuesday, September 11th 2012 - 06:30 UTC

  Falklands’ companies readying to provide support services to oil industry

  

  Falkland Islands’ companies are, “stepping up to the plate,” in providing support services to the oil industry; and their investment in increased work forces, facilities and equipment is already paying dividends.

• Tuesday, September 11th 2012 - 06:11 UTC

  Cristina Fernandez targets Argentines going abroad to contain outflow of dollars

  

  No end for the US dollar clamp in Argentina. According to the Buenos Aires media the government of President Cristina Fernandez is preparing a set of new measures to further limit Argentines from holding the US currency but also from spending abroad on tourism.

• Tuesday, September 11th 2012 - 06:01 UTC

  Poor news in China and US could mean additional stimuli could be in the pipeline

  

  The Brazilian stock exchange Bovespa index rose for a third session as Brazilian raw-material producers rallied after weaker economic data from China to the US fueled strong hopes policy makers will take further steps to boost growth.

• Tuesday, September 11th 2012 - 05:24 UTC

  Fears of sharp slowdown of the Chinese economy as imports keep sliding

  

  China's exports grew less than forecast and imports fell in August, adding to fears about a sharp slowdown in its economy. Exports rose by 2.7% from a year earlier as global demand continued to remain subdued. Imports fell 2.6% from a year ago, indicating a decline in home grown consumption.