Economy

Tuesday, September 4th 2012 - 01:17 UTC
Since 2003 an estimated 261bn dollars have fled from Greece, says NGO

Greek nationals have deposited overseas an estimate 261 billion dollars from illegal activities, from tax evasion and elusion to criminal actions or simple from rampant corruption, according to economist and head of the Non Government Organization, Global Financial Integrity, Raymond Baker.
Tuesday, September 4th 2012 - 00:31 UTC
Poll shows Germans want Greece out of the Euro; doubts about reforms’ implementation

Only about a quarter of ordinary Germans are in favor of debt-stricken Greece remaining in the Euro area, a poll published by the Financial Times on Monday indicated. It revealed strong reluctance to grant Greece yet another bailout installment.
Tuesday, September 4th 2012 - 00:20 UTC
Growing fears China is slowing down faster than estimated

China's manufacturing activity fell to a nine-month low in August, adding to fears that its economy is slowing faster than estimated. The official Purchasing Managers' Index (PMI) fell to 49.2, the lowest reading since November 2011, data released over the weekend showed.
Monday, September 3rd 2012 - 06:40 UTC
LAN first company in the Americas to take delivery of Boeing 787 Dreamliner

Chilean flag carrier LAN became the fourth airline in the world – and the first airline in the Americas –to take delivery of a Boeing 787 Dreamliner. The handover ceremony took place at Boeing 787 production line at Everett, state of Washington.
Monday, September 3rd 2012 - 06:20 UTC
Spanish PM Rajoy challenges the European central bank and Germany

Spain will consider seeking extra aid from Europe on top of a 100 billion Euro rescue of its financial sector but does not see any need for new conditions, Prime Minister Mariano Rajoy said in an interview published in European newspapers.
Monday, September 3rd 2012 - 06:08 UTC
The world infested with the “ghosts of a trade war” warns Argentina ambassador

The Argentine ambassador to the United States, Jorge Argüello, warned that the world is infested with the “ghosts of a trade war” as he witnesses the protectionist measures applied by developed countries.
Saturday, September 1st 2012 - 06:50 UTC
Top tax-man suggests Argentines spend vacations in the country, but he prefers Punta del Este

Argentines should stay at home and spend their vacation in Argentina, suggested the head of the tax revenue office, AFIP, arguing in favour of the latest measures severely limiting debit and credit card purchases abroad by charging them an additional 15% expense.
Saturday, September 1st 2012 - 06:43 UTC
Falklands’ new Tourism managing director targets the US market

Tony Mason, the newly appointed managing director of the Falkland Islands Tourist Board (FITB), has just taken up his position in Stanley, the Falklands’ capital. Originally from Atlanta, Mason is responsible for overseeing the tourism strategy.
Saturday, September 1st 2012 - 06:38 UTC
Falklands' 2013 fisheries catch limits similar to this year’s

The Falkland Islands total allowable effort and catch limits for 2013 will be largely the same as in 2012 it was agreed at the Islands’ Fisheries Committee Meeting this week.
Saturday, September 1st 2012 - 06:33 UTC
Bernanke’s speech sparks enthusiasm but also neutralizes expectations

Federal Reserve Chairman Ben Bernanke said on Friday progress in bringing down US unemployment was too slow and the central bank would act as needed to strengthen the economic recovery.