Economy

Thursday, January 29th 2015 - 07:55 UTC
UK economy expanded 2.6% in 2014, the fastest since 2007

The UK's economy grew by 2.6% last year, the fastest pace since 2007 and up from 1.7% in 2013, official figures have from the Office of National Statistics, ONS, have shown. The economy expanded 0.5% in the last quarter of 2014, which was a slowdown from the 0.7% of the previous three months.
Thursday, January 29th 2015 - 07:38 UTC
YPF and China's Sinopec sign memorandum to develop shale oil and gas in Patagonia

Argentine state-controlled energy company YPF said it signed a memorandum of understanding Wednesday with China's Sinopec pertaining to the eventual development of conventional and non-conventional oil and gas projects in Patagonia.
Thursday, January 29th 2015 - 07:23 UTC
Petrobras releases long delayed 3Q results but did not include reserves for corruption scandal

Brazil’s embattled Petrobras released its long delayed third quarter results Wednesday but did not include any reserves tied to an ongoing corruption scandal that has already landed three former executives in jail. The company recorded a third quarter 2014 net profit of 1.18 billion dollars, down from 1.32 billion during the same period last year.
Thursday, January 29th 2015 - 07:17 UTC
Consumer confidence in Brazil drops in January to its lowest

The reading of consumer confidence dropped in Brazil in January--to its lowest level ever--as the country's economy struggled. Brazil's main consumer-confidence index was at 89.8 points in January, down from 96.2 points in December, the Getulio Vargas Foundation, or FGV, said earlier this week.
Thursday, January 29th 2015 - 06:32 UTC
Raul Castro demands the return of Guantanamo and compensation for US trade embargo

Cuban President Raul Castro demanded on Wednesday that the United States return the U.S. base at Guantanamo Bay, lift the half-century trade embargo on Cuba and compensate his country for damages before the two nations re-establish normal relations.
Wednesday, January 28th 2015 - 07:21 UTC
US moves into the Caribbean to replace Venezuela as cheap gas supplier

The United States Monday rolled out a new initiative for Caribbean countries to ensure energy security in a move widely seen as distancing the Caribbean from Venezuela for their oil and energy needs.
Tuesday, January 27th 2015 - 06:50 UTC
Oil Prices Changing The Face Of Global Geopolitics

In a documentary that aired recently on the Canadian Broadcasting Corporation's popular The Fifth Estate program, an allegory of Vladimir Putin was presented. The wily Russian president was described growing up in a shabby St. Petersburg apartment, where he would often corner rats.
Tuesday, January 27th 2015 - 06:44 UTC
Germany waiting for Tsipras government move: Greece must stick to its commitments

Greece’s election has sent shockwaves throughout Europe and especially Germany. The Euro zone’s biggest economy and paymaster has reluctantly footed a big bill for bailing out Greece and other euro members, extending financial aid in return for strict and unpopular austerity measures.
Friday, January 23rd 2015 - 06:20 UTC
EU, US and IMF clash over the European economy and the Euro in Davos

Europeans, including IMF chief and Americans clashed on Thursday in Davos during a debate on monetary stimulus that degenerated into a skirmish over the European Union economy and the Euro.
Friday, January 23rd 2015 - 05:43 UTC
In “God will provide” speech Maduro admits economic failure and calls for unity

In a three-hour State of the Nation speech to the National Assembly on Wednesday night, president Nicolás Maduro acknowledged some of the economic realities facing Venezuela: the economy contracted by 2.8% in 2014 and inflation stood at 64%.