Economy

• Friday, November 21st 2014 - 06:59 UTC

  Potential of US offshore oil and gas, according to American Petroleum Institute

  

  Two new studies released by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added energy and economic benefits to the United States if the Eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development.

• Thursday, November 20th 2014 - 04:55 UTC

  World largest containership (19.000 TEU) belongs to China and was built in Korea

  

  The world’s largest containership was named at a ceremony held by builder Hyundai Heavy Industries Co., Ltd. (HHI) this week. Named CSCL Globe, it is the first of five 19,000 TEU containerships for China Shipping Container Lines (CSCL), and takes the title of world’s largest containership from Maersk Line’s 18,000 teu Triple E class vessels.

• Thursday, November 20th 2014 - 04:29 UTC

  Fed minutes confirm reveal consensus on ending stimulus program

  

  Although the US Federal Reserve was worried about turmoil in emerging markets, the central bank reached an easy consensus to end its stimulus program, its latest minutes reveal.

• Wednesday, November 19th 2014 - 09:49 UTC

  Great future for aquaculture forecasts FAO; record output of 66.5m tons in 2012

  

  Fish farming will likely grow more than expected in the coming decade, offering a chance for improved nutrition for millions of people, especially in Asia and Africa, according to a new report, from FAO.

• Wednesday, November 19th 2014 - 08:06 UTC

  Brazil's economy growth forecast could have reached a positive inflection point

  

  Private sector analysts raised their 2014 growth forecast for Brazil's economy to 0.21% from 0.20% last week, the Central Bank said on Monday. But analysts left their 2015 gross domestic product (GDP) growth estimate unchanged at 0.80%, the Central Bank said. However it is expected the latest forecast could mean the beginning of the end to the sustained several years slide and an inflection point.

• Wednesday, November 19th 2014 - 07:44 UTC

  Falklands contracts strategic review of Telecommunications provision

  

  The Falkland Islands Government have announced that Cartesian Ltd have recently been appointed to carry out a strategic review of Telecommunications Provision in the Falklands Islands. Cartesian will be starting work on the review immediately, with the first draft report due on 24th December.

• Wednesday, November 19th 2014 - 07:39 UTC

  Magallanes region has the most dynamic and fastest growing economy of Chile

  

  Magallanes region in the extreme south of Chile, was the most dynamic of the country's economy during the third quarter of the year according to the latest release from the local stats office, INE. This contrasts with the rest of the fourteen regions of the country of which six, reported negative growth.

• Wednesday, November 19th 2014 - 07:19 UTC

  Short of dollars, Argentina appeals to China's Yuan to boost reserves

  

  The Argentine Central Bank received this week the second part of a multi-billion dollar currency swap with China’s Central Bank, worth the equivalent of 508 million dollars. The swap allowed Argentina to bolster its foreign reserves, which rose 506 million and closed at 28.785 billion dollars.

• Wednesday, November 19th 2014 - 07:12 UTC

  Chile grows 0.8% in Q3, and Central bank leaves basic rate unchanged at 3%

  

  Chile's economy grew 0.8% in the third quarter compared with the same period in 2013, the worst performance in five years, the Central Bank reported Tuesday. The bank also announced that the basic rate will remain unchanged at 3%.

• Tuesday, November 18th 2014 - 11:19 UTC

  Bolivia confident Mercosur incorporation process will be ironed out at the next summit

  

  Bolivia trusts that at the coming Mercosur summit in Argentina it can advance in solving the “technical-legal” difficulties that are delaying the country's full membership of the trade and political group. Allegedly one of the main differences rests in neighboring Paraguay and how it would accept Bolivia's incorporation.