Economy

• 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.

• Friday, November 21st 2014 - 21:16 UTC

  Falklands opens dock facility to support oil industry exploration beginning 2015

  

  This week Houston based Noble Energy, one of the several oil companies operating in the Falkland Islands made the official opening of the temporary dock facility (TDF) in Stanley, an essential piece for the logistics of the industry which is scheduled to begin another round of exploratory drilling in the first quarter of next year.