Economy

Tuesday, November 25th 2014 - 06:57 UTC
Busy October in South Georgia: 21 harbor calls and 400 paying cruise visitors

October was a busy month for shipping activities in South Georgia with 21 harbor visits to Cumberland Bay and nearly 400 paying passengers visiting, according to the latest edition (October) of the South Georgia News and Events release.
Monday, November 24th 2014 - 07:44 UTC
IMF monitoring impact of Venezuela's economic stress for Caribbean islands

The International Monetary Fund (IMF) says it is monitoring the potential impact any changes to PetroCaribe, Venezuela’s oil alliance with several Caribbean islands will have on regional economies.
Monday, November 24th 2014 - 07:25 UTC
Britain confirms financial assistance to five Eastern Caribbean countries

Britain is providing assistance to five Eastern Caribbean countries “to help them return to economic growth while managing the risks from external shocks”. The Department for International Development (DFID) Caribbean says it will work closely with Antigua and Barbuda, Grenada, St Lucia, St Vincent and the Grenadines and Dominica under the new program that runs until 2020.
Monday, November 24th 2014 - 06:37 UTC
Argentine central bank discards 'any devaluation' of the Peso in 2015

The head of Argentina's Central Bank Alejandro Vanoli reaffirmed that “there won’t be a devaluation” of the Peso next year and stressed that the government of President Cristina Fernandez will not give in to pressure from the financial market and the export sector.
Saturday, November 22nd 2014 - 09:19 UTC
Brazil committed to advance with EU/Mercosur trade negotiations

Brazil must speed international trade agreement negotiations, said cabinet chief Aloizo Mercadante, in direct reference to Mercosur and demanding an end to internal disputes.
Saturday, November 22nd 2014 - 09:13 UTC
Argentina's economy weakens in September, according to official stats

Argentina's economy weakened slightly in September as high inflation and declining purchasing power curbed sales and industrial production. A proxy for economic growth published by the government fell 0.2% on the year, the national statistics agency Indec reported Friday.
Saturday, November 22nd 2014 - 06:47 UTC
Falklands construction booming: permission for second 80 bedroom hotel

Building continues at a steady rate in the Falkland Islands with 15 applications approved for construction in the capital Stanley, including permission for an 80 bedroom employees hotel for oil exploration technical staff, according to the latest Planning and Building Committee meeting.
Saturday, November 22nd 2014 - 06:07 UTC
Rousseff expected to announce proven fiscal hawk as Finance minister

Brazilian president Dilma Rousseff already has the names for crucial posts in her new government, but they will not be announced until next Wednesday according to reports in Sao Paulo and Rio do Janeiro newspapers based on Planalto sources. But the names were sufficient to make the Sao Paulo stock exchange surge 5% on Friday.
Saturday, November 22nd 2014 - 06:00 UTC
World markets celebrate after China cuts benchmark interest rates

China's central bank on Friday unexpectedly cut benchmark interest rates for the first time in more than two years, as authorities seek to prop up flagging growth in the world's second-largest economy.
Saturday, November 22nd 2014 - 05:49 UTC
US Senate grills banks accused of 'unfair' trading practices with commoditisers

Executives of three US banks are being grilled by senators over accusations the banks engaged in unfair trading practices relating to several commodities. A two-year report found that Goldman Sachs, Morgan Stanley and JP Morgan Chase bought up large stockpiles of commodities like aluminum and copper.