Economy

• Monday, December 8th 2014 - 07:04 UTC

  Lagarde wishes to continue improving relations with Argentina

  

  The head of the International Monetary Fund Christine Lagarde said she wishes to “continue improving” the relationship between the IMF and Argentina, while at the same time focusing on the necessities of the region's third largest economy which is not growing as fast as it should.

• Saturday, December 6th 2014 - 08:26 UTC

  More jobs for the US economy in November: 241.000 a month this year

  

  The US economy added 321,000 jobs in November, while the unemployment rate stayed at 5.8%, official Labor Department figures showed on Friday. The number of jobs created was well above analysts' forecasts of about 225,000 new jobs in the month.

• Saturday, December 6th 2014 - 04:44 UTC

  Argentina stats: IMF sees advances, but the issue is a heated debate in Congress

  

  The International Monetary Fund has expressed conformity with the achievements made by the Argentine government regarding the updating of the country's statistics, and hoped to finish its evaluation in February, Director Christine Lagarde announced during a press conference in Santiago de Chile.

• Saturday, December 6th 2014 - 00:30 UTC

  Argentina offers advance payment of 2015 maturing bonds to head off speculation

  

  Argentina's government offered this week to make full early payment on a local dollar-denominated bond to head off speculation that its legal battle with U.S. hedge funds will make it unable to service its debt.

• Friday, December 5th 2014 - 07:01 UTC

  Falklands interested in training oil industry manpower with support from Trinidad and Tobago

  

  Four senior oil industry business and training executives are in the Falkland Islands promoting Trinidad and Tobago’s oil industry training services. Preparing staff for the oil industry is crucial if benefits are to be injected to the local economy in the form of jobs and knowhow.

• Friday, December 5th 2014 - 06:50 UTC

  Could falling oil prices spark a financial crisis?

  

  The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns.

• Friday, December 5th 2014 - 06:45 UTC

  Bank of England leaves rates unchanged but deflation fears persist

  

  UK interest rates have been held at a record low of 0.5% for another month by the Bank of England. It also decided to maintain its quantitative easing program, designed to stimulate lending in the economy, at the £375bn already spent.

• Friday, December 5th 2014 - 06:19 UTC

  Latin America 'unfortunately' has a very low participation in global trade

  

  Latin America 'unfortunately' has a very low participation in world trade which is a major challenge for the region, according to Gonzalo Rodriguez, member of Mercosur technical staff, who was one of several speakers at the preamble of Unasur summit.

• Friday, December 5th 2014 - 06:14 UTC

  ECB steps up plans for more stimulus measures to revitalize Euro-economy

  

  The European Central Bank (ECB) has “stepped up” plans for more stimulus measures aimed at revitalizing the Euro-zone economy, bank president Mario Draghi said on Thursday. His comments came after the ECB held interest rates at 0.05%.

• Thursday, December 4th 2014 - 06:06 UTC

  Ecuador to combat IUU fishing as part of trade agreement with the EU

  

  Ecuador's Deputy Minister of Aquaculture and Fisheries organized a workshop with representatives from various government institutions related to port and maritime fisheries control in the country in order to develop a National Action Plan to prevent, deter and eliminate illegal, unreported and unregulated (IUU) fishing.