Economy

• Thursday, June 14th 2018 - 06:16 UTC

  Falklands has decided on a preferred operator for a second commercial flight

  

  The Falkland Islands Executive Council agreed on Wednesday to appoint a preferred airline operator to provide the second midweek flight between the Falkland Islands and South America.

• Thursday, June 14th 2018 - 06:00 UTC

  Argentina's unions announce a one-day general strike to protest spending cuts

  

  Argentina's leading labor federation announced plans to stage a one-day general strike on June 25 to protest against government economic policies, raising pressure on President Mauricio Macri as he moves to speed up spending cuts to balance the budget.

• Thursday, June 14th 2018 - 05:58 UTC

  US, Canada and Mexico hosts of 2016 Cup; a close race turned out to be an ample win for United

  

  United States Soccer Federation President Carlos Cordeiro said the United 2026 bid focused its efforts on shoring up votes from North and South America, before targeting Asian football federations. The US, Mexico, and Canada secured hosting rights for the 2026 World Cup in a landslide vote over Morocco at the 2018 FIFA Congress in Moscow.

• Wednesday, June 13th 2018 - 09:35 UTC

  FIH Group has seen pretax profit rise 74%

  

  Falklands-focused retail and logistics firm FIH Group PLC hiked its dividend on Tuesday after profit and revenue rose amid a much improved performance from its largest unit. For the year ended March, pretax profit widened 74% to GBP3.3 million from GBP1.9 million the year prior. This was after revenue rose 8.2% to GBP43.8 million from GBP40.5 million the year before.

• Wednesday, June 13th 2018 - 09:27 UTC

  Russian economy expecting US$ 1.6bn boost from the World Cup

  

  The Russian economy is expecting to get a significant financial boost from an increased tourist flow during the FIFA World Cup, the Russian Ministry of Economic Development said. “According to our estimates, foreigners will spend over 100 billion rubles (US$1.6 billion) during the World Cup in Russia,” Minister of Economic Development Maxim Oreshkin told Sovetsky Sport newspaper.

• Monday, June 11th 2018 - 08:26 UTC

  Brazilian leading presidential candidate softens attitude towards China

  

  Rightwing presidential candidate Jair Bolsonaro said that China was an “exceptional partner” of Brazil, softening earlier criticism that Chinese investors were taking over Latin America’s largest economy. “We will continue being a partner of China,” Bolsonaro said when asked how he would treat Chinese investments if he wins the October election.

• Saturday, June 9th 2018 - 08:29 UTC

  Brazilian consumer prices climb 0.4% in May; impact of truckers strike and fuel prices expected in June

  

  Brazil's 12-month inflation accelerated in May from April amid strong fuel prices. Consumer prices rose 0.40% in the month, compared with an increase of 0.22% in April, statistics agency IBGE said on Friday. The consumer price index advanced 2.86% in May from a year earlier, up from April's 2.76% pace.

• Friday, June 8th 2018 - 11:46 UTC

  Falklands government to focus on family-friendly legislation in 2018/19

  

  In setting its legislative priorities for the next twelve months, the Falkland Islands Government has signalled an intention to focus on legislation of interest to families. The Islands are internally self-governing, with much law created locally or adapted from elsewhere in the world. The program for the next year was published this week alongside their fiscal budget for the year.

• Friday, June 8th 2018 - 08:35 UTC

  Temer denies any risk of a currency crisis; Central bank pledges “all the necessary liquidity”

  

  Brazilian President Michel Temer said on Thursday there was no risk of a currency crisis in Latin America's largest economy despite sharp falls in the exchange rate, while the central bank chief pledged to maintain the bank's intervention in the market.

• Friday, June 8th 2018 - 07:30 UTC

  IMF and Argentina agree on a 36-month US$ 50bn Stand-By Arrangement

  

  The Argentine authorities and IMF staff have reached an agreement on a 36-month Stand-By Arrangement (SBA) amounting to US$50 billion (equivalent to about SDR 35.379 billion or about 1,110% of Argentina’s quota in the IMF). This staff-level agreement will be subject to approval by the IMF’s Executive Board, which will consider Argentina’s economic plan in the coming days.