Economy

• Thursday, February 12th 2015 - 05:34 UTC

  UK's Customs request information on Argentina's criminal case against HSBC

  

  Britain's HM Revenue and Customs (HMRC) department has requested Argentina’s AFIP tax bureau information on the criminal report filed in Buenos Aires against HSBC on allegations the bank helped more than 4,000 clients to evade taxes by stashing their money in secret Swiss bank accounts.

• Wednesday, February 11th 2015 - 06:39 UTC

  English Premier League TV rights break all records: £ 4.2 billion

  

  Pay-TV group Sky has agreed to pay 4.2 billion pounds (6.4 billion dollars) to show 126 live English Premier League matches a season from 2016 to 2019, pressured by fierce rival BT to smash analysts' forecasts and secure the best games.

• Wednesday, February 11th 2015 - 06:29 UTC

  Netflix offers internet video service in Havana, but very few Cubans can afford 8 dollars

  

  Netflix began selling its Internet video service in Cuba on Monday in what appears to be a largely symbolic move driven by the recent loosening of US restrictions on doing business with the Communist-run Island.

• Tuesday, February 10th 2015 - 23:58 UTC

  Venezuela announces yet another concealed devaluation, effective Wednesday

  

  Venezuela's vice president for economic policy announced Tuesday that the government will inaugurate this week a three-tiered exchange-rate regime which includes a “totally free” market open to both individuals and companies.

• Tuesday, February 10th 2015 - 05:45 UTC

  S&P downgrades Venezuela long term credit rating to CCC

  

  Ratings agency Standard and Poor's on Monday downgraded Venezuelan long-term credit ratings to CCC from CCC+, citing falling oil prices and the government's failure to address economic distortions.

• Tuesday, February 10th 2015 - 05:35 UTC

  Falklands pensions' scheme receives top qualification from UK HM Revenue & Customs

  

  The Falklands Islands Pensions Board is pleased to announce that HM Revenue & Customs in the United Kingdom has approved the Falkland Islands Pensions Scheme (FIPS) as a Qualifying Recognized Overseas Pensions Scheme (QROPS).

• Tuesday, February 10th 2015 - 03:51 UTC

  Falkland Islands Holdings David Hudd steps down; new chairman is Edmund Rowland

  

  Falkland Islands Holdings chairman David Hudd has resigned from the board with immediate effect and been succeeded by non-executive deputy chairman Edmund Rowland, it was reported on Monday. John Foster continues as group managing director.

• Monday, February 9th 2015 - 17:34 UTC

  Food, housing and transportation prices accelerate January inflation in Brazil

  

  Brazil's consumer price inflation accelerated in January, putting the 12-month rate well above the central bank's tolerance band and at the highest level since September 2011, underscoring one of the main challenges facing Latin America's largest economy in the year ahead.

• Monday, February 9th 2015 - 12:46 UTC

  Bank of England unanimously leaves interest rates at 0.5% for the 71st month

  

  Bank of England has held interest rates at 0.5% for the 71st month in a row and kept its stimulus programme of quantitative easing (QE) unchanged. Most forecasters now think interest rates will not rise before next year.

• Monday, February 9th 2015 - 12:32 UTC

  China's import of key commodities falls sharply during January

  

  China's imports of key commodities eased in January after the record high set in December, as expected as the earlier heavy purchases to take advantage of weak prices had swollen inventories, preliminary customs data released has shown.