Economy

• Wednesday, April 20th 2016 - 06:15 UTC

  Bank of England says it has a duty to talk about the Brexit referendum

  

  It is the Bank's duty to talk about the European Union referendum risks, argues the Bank of England governor Mark Carney, dismissing accusations the Bank is too political. The referendum takes place on 23 June and has become highly controversial.

• Tuesday, April 19th 2016 - 22:42 UTC

  First commercial airliner lands in St Helena: new chapter of opportunities for the BOT island in mid Atlantic

  

  The British Overseas Territory St Helena in mid Atlantic made history on Monday as the first large passenger jet aircraft, a Boeing 737-800 (ZS-ZWG), touched down at St Helena’s new Airport shortly after 12.00 noon. This is the actual Boeing aircraft which will serve the St Helena/Johannesburg rout, according to a release from the local government.

• Tuesday, April 19th 2016 - 09:14 UTC

  Temer prepares to take over, but Rousseff followers pledge to fight in the Senate and in the streets

  

  Financial markets in Brazil, and globally, are betting that with the exit of president Dilma Rousseff, a more business friendly government will take over helping Latin America's largest economy to kick-start with vice-president Michel Temer, who apparently is working on a wide ranging 'national coalition' and 'salvation cabinet'.

• Tuesday, April 19th 2016 - 08:47 UTC

  Spectacular Argentine return to money markets: bond issue subscribed several times

  

  Argentina marked a spectacular comeback to world money markets on Monday when its first bond issue in fifteen years attracted bids more than three times reaching US$ 67 billion. Argentina is after US$ 15bn which will help pay creditors on its ongoing litigation, since the country defaulted back in 2001.

• Tuesday, April 19th 2016 - 01:39 UTC

  “Punta Arenas best cruise season in six years”, with 77.248 visitors and 121 calls

  

  Punta Arenas port authorities, in the extreme south of Chile, reported that during this 2015/16 cruise season there was a 35% increase in the number of cruise visitors, 77.248 passengers, and 121 vessel calls, one of the most encouraging in the last decade.

• Tuesday, April 19th 2016 - 00:44 UTC

  Brazil's steep recession forecasted to continue in 2017 as economic pessimism deepens

  

  As the political battle to remove president Dilma Rousseff rages on, with both sides seeming to ignore the necessary confidence and certainty for normal business, economists are becoming increasingly pessimistic about Brazil's economic outlook.

• Tuesday, April 19th 2016 - 00:31 UTC

  Falklands reports poor catches of squid; reimbursement of licenses to be considered in June

  

  Falkland Islands authorities have confirmed that Illex squid capture has been particularly low this fishing season, a situation that could lead the Islands government to reimburse part of the license fees paid to catch cephalopods.

• Monday, April 18th 2016 - 17:34 UTC

  Rousseff loses crucial impeachment vote; Senate decides as economic uncertainty worsens

  

  President Dilma Rousseff lost a crucial impeachment vote in Brazil’s lower house on Sunday evening, making her removal ever more likely and deepening the country’s political crisis. Rousseff’s opponents easily obtained the two-thirds majority of votes in the 513-member Chamber of Deputies needed to pass the impeachment measure.

• Monday, April 18th 2016 - 10:12 UTC

  Brexit referendum campaign took off on Friday, ten weeks ahead of June 23

  

  Campaigning in Britain's Brexit referendum officially started on Friday, ten weeks ahead of a vote that will hand Britons their first chance to have their say on Europe since 1975. With opinion polls suggesting the British public are deeply divided on whether to stay in the EU, the Leave campaign's biggest name -- charismatic London mayor Boris Johnson -- will lead its “Brexit blitz” with rallies on the weekend in northern cities.

• Monday, April 18th 2016 - 10:00 UTC

  Labour leader Corbyn will vote for Remain and Reform in the Brexit referendum

  

  British opposition leader Jeremy Corbyn this week made his most impassioned plea for Britain to stay in Europe, saying the socialist case for the EU had dispelled his long-held suspicion of the bloc. Labour leader Corbyn, who voted against EU membership in a 1975 referendum, said he was now a supporter of the protections it offered workers, consumers and the environment.