Economy

• Saturday, September 12th 2015 - 11:23 UTC

  Falklands' oil company unaware of reasons for share prices increase

  

  Falkland Oil and Gas Limited, the oil and gas exploration company focused on its extensive licence areas to the North, South and East of the Falklands islands, notes Friday's increase in the Company's share price and confirms that it is not aware of any reason that would lead to such a movement.

• Saturday, September 12th 2015 - 11:00 UTC

  Argentina's inflation slowing but still comfortably on the two digits

  

  According to Argentina's stats office Indec, consumer prices during the month of August climbed 1.2% over July, 9.4% in the eight months and 14.7% in the last twelve months. These numbers however are quite different from private consultants' estimates and the City of Buenos Aires stats office: 2.17% and 1.8% inflation for August, respectively.

• Saturday, September 12th 2015 - 09:51 UTC

  Germany warns global economy faces financial bubble: too much central banks stimuli

  

  The global economy faces a financial bubble from central banks pumping cash into economies, Germany's finance minister has warned. The comments come after the European Central Bank (ECB) said it would extend its stimulus program if needed.

• Friday, September 11th 2015 - 10:34 UTC

  Fed's rate decision next week: conflicting positions between US voters and EM central bankers

  

  As the Federal Reserve gets ready to debate its interest rate policy stance next week, a poll released Thursday finds a strong majority of US voters surveyed want central bankers to refrain from boosting short-term interest rates, and to instead concentrate on using monetary policy to further boost the job market.

• Friday, September 11th 2015 - 09:58 UTC

  FAO's August Food Price Index at its lowest in almost seven years

  

  International food commodity prices continued to decline in August as ample supplies, a slump in energy prices and concerns over China's economic slowdown all contributed to the sharpest fall of the FAO Food Price Index in almost seven years.

• Friday, September 11th 2015 - 09:41 UTC

  Brazilian Real falls to its lowest against the dollar since 2002; central bank injected funds

  

  A day after Standard & Poor’s slashed Brazil’s credit rating to junk, the Brazilian Real lost close to 2% by the end of the day to 3.865 per dollar—its weakest level since 2002. In an effort to stem the decline, Brazil’s central bank injected $1.5 billion into the financial system Thursday.

• Friday, September 11th 2015 - 06:45 UTC

  UN Assembly overwhelmingly supports Argentina in the sovereign debt debate

  

  The United Nations General Assembly has approved a resolution put forward by Argentina regarding sovereign debt restructuring, which seeks to limit the movement of speculative funds in influencing such actions.

• Thursday, September 10th 2015 - 08:50 UTC

  Business lobbies feeling the pinch, impatient with Rousseff's budget cuts

  

  After months of trying to shore up Brazil's public finances, President Dilma Rousseff now faces political and business pressure to ease up on painful austerity measures in a country long hooked on the helping hand of a big state.

• Thursday, September 10th 2015 - 07:52 UTC

  Brazil loses investment-grade credit rating, with outlook remaining negative

  

  Standard & Poor's has stripped Brazil of its investment-grade credit rating, further hampering President Dilma Rousseff's efforts to regain market trust and pull Latin America's largest economy out of recession.

• Thursday, September 10th 2015 - 07:35 UTC

  Economists' open letter to UN: political power must be preeminent in handling economic policy

  

  European countries must support the United Nations’ proposals for sovereign debt restructuring! – Open letter to the UN by 19 economists.On Thursday September 10, the United Nations General Assembly will vote on nine principles concerning the restructuring of sovereign debts.