Economy

• Monday, October 1st 2012 - 14:32 UTC

  Falkland Islands 2012/13 cruise ship season brings new luxury visitors

  

  Luxury super yacht MY Sherakhan, is one of four vessels new to the Falkland Islands visiting in the 2012/13 season beginning next month. More often spotted in the Mediterranean and Caribbean Seas, she also ventures further afield to Patagonia, Antarctica, French Polynesia, Asia, and Panama.

• Monday, October 1st 2012 - 09:05 UTC

  Renault reviewing production costs in France and bid decisions in the pipeline

  

  French car maker Renault is considering the complete closure of factories because of the dire state of the European automobile market, the company's chief operating officer was quoted on Sunday.

• Monday, October 1st 2012 - 08:43 UTC

  Former minister says Cristina Fernandez in Harvard showed how she really is

  

  Former Economy Minister Domingo Cavallo assured that Argentina’s current problems are much more serious, than back in 2001 since nowadays “people are desperate because they want to preserve the value of their savings and the Government does not allow them to do so”.

• Monday, October 1st 2012 - 06:33 UTC

  The 34-country Arab League/Unasur political and trade summit takes off in Peru

  

  President Cristina Fernández leaves Monday evening for Peru to participate in the 3rd Summit of South American-Arab Countries (ASPA) leaders, scheduled to take place on October 1st and 2nd in the Ministry of Culture, in the Peruvian capital Lima.

• Monday, October 1st 2012 - 06:23 UTC

  Cruise season in Chile begins 6 November; Punta Arenas expects 47 calls

  

  As of next 6 November Chile’s port cities will display their best since on that date the official 2012/13 cruise season begins which extends until mid April and the country has great expectations of recovering a leading position in the region.

• Saturday, September 29th 2012 - 09:16 UTC

  Anticipating an inflation sprint Uruguay’s central bank raised benchmark rate to 9%

  

  Uruguay's central bank raised its benchmark interest rate 25 basis points to 9% on Friday in a bid to cool inflation expectations. The bank had held the rate steady at its last two monthly monetary policy meetings.

• Friday, September 28th 2012 - 17:02 UTC

  EU employment and social situation rapidly diverging and deteriorating

  

  The employment and social situation in the EU remained very serious in the second quarter of 2012 with unemployment rising overall but also displaying significant differences between Member States, households' financial situation deteriorating and child poverty increasing, a press release of the European Commission (EC) informs.

• Friday, September 28th 2012 - 16:36 UTC

  Report recommends complete overhaul of Libor system and jail for those who try to manipulate it

  

  A report into the Libor rate-rigging scandal says the system is broken and suggests its complete overhaul, including criminal prosecutions for those who try to manipulate it. Its author, regulator Martin Wheatley, told the BBC that bankers guilty of fixing Libor in future could be jailed.

• Friday, September 28th 2012 - 06:15 UTC

  UN highlights role of tourism in achieving sustainable development objectives

  

  United Nations officials highlighted on Thursday 27 September the role that tourism can play in achieving sustainable development objectives, as they marked World Tourism Day.

• Friday, September 28th 2012 - 06:12 UTC

  Argentina will adopt tough measures to guard nine years of economic achievements

  

  Argentina has “stronger financial support than other countries” and will adopt tough policies to guard the nine years of economic achievements, said Economy Deputy Finance Minister Axel Kicillof addressing the Lower House Budget and Finance Committee to discuss the main guidelines for next year’s budget.