Economy

• Friday, August 12th 2011 - 17:29 UTC

  Falklands’ Illex: one good season does not transform an industry

  

  Despite a relatively buoyant 2011 Illex fishing season and “some optimism for the future,” one jigging company went out of business and others had problems finding the funds to pay licence fees said The Falkland Islands Director of Fisheries John Barton.

• Friday, August 12th 2011 - 17:27 UTC

  US retail sales up in July, but consumer confidence down to its lowest since 1980

  

  US retail sales rose in July by the largest amount in four months, Commerce Department figures show, tempering fears that the US may be slipping back into recession.

• Friday, August 12th 2011 - 06:22 UTC

  Latam markets end with sustained recovery and more confidence

  

  Latin American stocks rose on Thursday after bargain-hunting and improving US jobs data gave the market some relief. Investors swept up shares battered by the recent market rout that had knocked about 18% off the MSCI Latin America stock index since last week.

• Friday, August 12th 2011 - 06:20 UTC

  US job market data brings relief to markets stunned by the Euro and dollar crises

  

  New US claims for unemployment benefits dropped to a four-month low last week, government data showed Thursday, a rare dose of good news for an economy that has been battered by a credit rating downgrade and falling share prices.

• Friday, August 12th 2011 - 06:17 UTC

  Sarkozy and Merkel plan confidence-building summit to prop Euro and markets

  

  French President Nicolas Sarkozy and German Chancellor Angela Merkel will discuss next Tuesday how to make the Euro zone work more effectively amid persistent doubts in financial markets over Europe's ability to solve its sovereign debt crisis.

• Friday, August 12th 2011 - 06:12 UTC

  Top CEOs to lead Brazil-Canada forum to promote trade and investments

  

  Canadian government has enlisted Bank of Nova Scotia CEO Rick Waugh to lead a group of chief executives who will help broker deeper trade and investment relations with Brazil, the world’s seventh largest economy.

• Friday, August 12th 2011 - 06:11 UTC

  Brazilian economy “highly dependent on external financing and current account deficit”

  

  The Brazilian economy may face a potential crisis as its fragile foundation could barely withstand the impact of a new global financial turmoil, a local economist warned.

• Friday, August 12th 2011 - 02:53 UTC

  China prepared to let the Yuan appreciate to help managed ‘imported inflation’

  

  The Chinese Yuan is ready to appreciate more rapidly against the dollar in coming months as it takes on a bigger role in Beijing’s box of monetary policy tools, a group of official Chinese newspapers reported on Friday.

• Thursday, August 11th 2011 - 23:22 UTC

  Argentine ratifies trade Mercosur-Israel trade agreement

  

  Argentina ratified this week the free trade agreement reached between Mercosur and Israel, the first to be signed by the South American block with an outer zone party.

• Thursday, August 11th 2011 - 23:17 UTC

  Unasur planning an emergency fund to help contain capital flight attacks

  

  The Unions of South American Nations, Unasur, finance officials are considering creating a 10 to 20 billion dollars emergency fund to assist nations that experience capital flight should the global economic crisis deepen, according to financial sources.