Economy

• Thursday, December 3rd 2009 - 23:37 UTC

  Exploration phase to bring financial benefit to Falklands private sector

  

  THE Falklands private sector is set to benefit financially from the next oil drilling round scheduled to begin early in February.

• Thursday, December 3rd 2009 - 08:16 UTC

  Construction reliance economy no longer an option for Spain

  

  Spanish jobless claims increased by 60,593, or 1.6 percentage point in November, the fourth monthly increase running, admitted the government on Wednesday. The number of people seeking jobless benefits rose by nearly 900,000 or 29% on the year to reach 3,868,946, the Labor ministry said.

• Thursday, December 3rd 2009 - 08:00 UTC

  Europe concerned unemployment undermining recovery

  

  Unemployment in the 16-nation Euro zone remained at 9.8% in October after being revised higher to that level in September (from 9.7 to 9.8%), according to the European Union statistics office in Luxembourg said today. This is the highest rate since December 1998.

• Wednesday, December 2nd 2009 - 22:37 UTC

  Falklands’ oil reserves “to help British economy”, says Telegraph

  

  Under the headline of “Falkland Islands oil reserves 'to help British economy'” the Telegraph points out that four British oil companies are exploring to the north and south of the Islands and that the British financial sector is pouring “around £ 327 million into the offshore projects”.

• Wednesday, December 2nd 2009 - 12:31 UTC

  Magallanes region unemployment remains steady above 8%

  

  Magallanes Region in the extreme south of Chile has dropped from fourth to sixth place in the ranking of regions with the least unemployment, according to the latest release which shows the rate jumped to 8.2% in the August-October quarter. This represents a 6.5 percentage point increase over the same period a year ago and half a point compared to the previous July-September quarter.

• Wednesday, December 2nd 2009 - 12:26 UTC

  Brazil's powerhouse bank

  

  With his slicked-back hair, neatly trimmed, close-cropped beard, and impeccably pressed suits, Luciano Coutinho looks like any other obscure Brazilian banker.
  But he is anything but an average banking man.

• Tuesday, December 1st 2009 - 07:35 UTC

  Mercosur, India and African nations begin trade and investment talks

  

  Brazil launched this week in Geneva a round of negotiations to further liberate trade between Mercosur, India and the Union of Nations from Austral Africa with the purpose of ratifying south-south cooperation, while global negotiations in the framework of the Doha Round remain stalled.

• Monday, November 30th 2009 - 12:43 UTC

  United Arab Emirates promises extra liquidity to Dubai’s banks

  

  The central bank of the United Arab Emirates (UAE) has said it will provide banks with extra liquidity. The news comes days after the state-owned Dubai World said it would ask for an extension on repaying its debts, sending world stock markets tumbling.

• Monday, November 30th 2009 - 12:32 UTC

  China admits “controllable and gradual measures” rises in Yuan’s value

  

  Chinese Premier Wen Jiabao said Monday a stable Yuan is good for both China and Europe and reiterated Beijing's policy of allowing only gradual and manageable rises in the currency's value.

• Saturday, November 28th 2009 - 07:11 UTC

  More doubts about the US economy and fears of a “W” dip

  

  A number of influential economists and analysts warn of a double dip recession, even as the US economy slogs toward recovery. Well-known analyst Meredith Whitney, Chief Executive Officer of the Meredith Whitney advisory group, recently expressed pessimism about the economy in an interview on CNBC, a cable TV station.