Economy

• Tuesday, November 10th 2015 - 07:22 UTC

  Falklands will attend BOT Joint Ministerial Council in London on December

  

  The Falkland Islands will be attending the fourth meeting of the British Overseas Territories Joint Ministerial Council (JMC) will be held in London on 1 - 2 December at Lancaster House, which will be hosted by FCO Minister for the Overseas Territories James Duddridge MP.

• Tuesday, November 10th 2015 - 07:13 UTC

  Brazilian economy forecasted to contract 3.10%, says central bank survey

  

  Brazil's economy will contract by 3.10% this year, with the inflation rate hitting 9.99%, the Central Bank said Monday, citing its weekly survey of private sector economic analysts. Last week, analysts said they expected Brazil's economy to contract by 3.05% this year and the inflation rate to be 9.91%.

• Tuesday, November 10th 2015 - 06:33 UTC

  FAO food commodity prices rose in October 3.9%, but 16% down from a year earlier

  

  The FAO Food Price Index averaged nearly 162 points in October, up 3.9% from September, while still down 16% from a year earlier. FAO's latest Cereal supply and Demand Brief slightly trimmed its October 2015 forecast for global cereal production and now projects production at 2.53 billion tons, 1.1% below last year's record output

• Monday, November 9th 2015 - 08:54 UTC

  Brazil's annual inflation just below 10%, the highest in 12 years

  

  Brazil's annual inflation rate accelerated in October to just below 10%, the highest reading in almost 12 years, after sharp fuel and food price hikes. Consumer prices, as measured by the benchmark IPCA index, rose 9.93% in 12 months through October, up from 9.49% in September, statistics agency IBGE said in a release. In the first ten months of the year inflation reached 8.52%

• Saturday, November 7th 2015 - 08:18 UTC

  US unemployment drops to 5%; Fed expected to raise rates in December

  

  Expectations of a rise in US interest rates in December have soared following a stronger-than-expected jobs report. The US economy added 271,000 jobs in October, far exceeding the 185,000 jobs that economists had forecast.

• Saturday, November 7th 2015 - 08:02 UTC

  Brazil truckers announce strike, and roadblocks, scheduled to begin Monday

  

  Independent truckers have called for roadblocks across Brazil starting Monday in a repeat of the two-week strike that delayed grain and meat transport in late February and early March. However it remains unclear how much support the strike movement has.

• Friday, November 6th 2015 - 14:16 UTC

  Petrobras strike strong support fuelled by resistance to sale of assets and cutting investments

  

  Brazilian union leaders say stronger than expected support for a strike at Petrobras is due to growing worker opposition to a creeping privatization of the state oil company. The strike, which began on Sunday, has become the biggest stoppage in two decades at Petrobras and shows workers back union efforts to renationalize the company and cut foreign participation in the oil industry, union leaders say.

• Friday, November 6th 2015 - 09:26 UTC

  Brazil central bank moves 4.5% inflation target timeframe to 2017

  

  The Brazilian central bank will take the necessary measures to bring inflation back to the 4.5% target in 2017, bank director Altamir Lopes, said on Thursday. It is the first time the bank has given a timeframe for reaching the center of its official target range after it dropped its outlook to meet this goal late 2016 due to a weaker Brazilian currency.

• Friday, November 6th 2015 - 08:57 UTC

  Two British bankers convicted in the US for manipulation of the Libor rate

  

  Two British bankers have been convicted by a New York jury of manipulating inter-bank lending rates. Anthony Allen and Anthony Conti were charged with conspiracy to commit wire and bank fraud and committing wire fraud, by misreporting the London interbank offered rate (Libor) as it related to the US dollar. Both worked for Dutch lender Rabobank.

• Friday, November 6th 2015 - 08:23 UTC

  Recovery at “a modest pace” in the EU and Euro-zone next year

  

  The economic recovery within the European Union and the eurozone should continue at “a modest pace” next year, the EU has forecast. The economy of the 28-nation EU is set to grow by 1.9% this year, 2.0% in 2016 and by 2.1% the year after.