Investments

Wednesday, December 28th 2011 - 03:41 UTC
Falklands have three options for a new deep water port

The location of a new deep water port for the Falkland Islands been narrowed down to three potential sites: Mare Harbour, Navy Point (north of the Camber) and Stanley harbour (FIPASS) it was confirmed at the Executive Council meeting last week following a discussion of the issue.
Wednesday, December 28th 2011 - 03:31 UTC
Madrid has first woman mayor; promises to bid for 2020 Olympic Games

Ana Botella, the wife of former Spanish Prime Minister Jose Maria Aznar, was sworn-in Tuesday as Madrid’s first woman mayor. She succeeds Alberto Ruiz-Gallardon, mayor of the capital since 2003, who resigned to serve as Justice Minister in the new Conservative government of Prime Minister Mariano Rajoy.
Wednesday, December 28th 2011 - 03:30 UTC
UK ambassador in Chile “concerned” with “economic blockade” on the Falklands

The British Ambassador to Chile, Jon Benjamin, expressed on Tuesday UK’s “concern” over “countries that have joined” the Mercosur bloc in their decision to support Argentina, by putting in place a ban on ships flying the Malvinas Islands’ flag from docking at their ports.
Wednesday, December 28th 2011 - 03:27 UTC
US criticizes Japan for intervening to halt the rise of the Yen in the last 6 months

The US Treasury on Tuesday criticized Japan's interventions to halt the Yen's rise in the last six months, saying they were unnecessary and that Tokyo would do better to strengthen its domestic economy and competitiveness.
Wednesday, December 28th 2011 - 03:25 UTC
US calls for appreciation of the Yuan but falls short of labelling China a currency manipulator

United States announced it will press for further appreciation of the Yuan arguing the currency is undervalued, while declining to brand China a manipulator of its exchange rate.
Tuesday, December 27th 2011 - 13:56 UTC
Brazil votes 2012 budget limiting civil servants salaries and pension increases

The Brazilian Congress approved next year's budget bill, rejecting wage increases for pensioners and public servants in a bid to contain spending as volatility advances in international markets.
Tuesday, December 27th 2011 - 13:52 UTC
Cuba advances with capitalist reforms to install efficient market economy

Cuba will open up more of the country's retail services to the private sector next year, allowing Cubans to operate various services such as appliance and watch repair, and locksmith and carpentry shops, official media reported on Monday.
Monday, December 26th 2011 - 21:10 UTC
Brazil overtakes the UK and becomes the world’s sixth largest economy

Brazil has overtaken the UK as the world's sixth largest economy according to the Centre for Economics and Business Research, CEBR. The latest World Economic League Table also showed Asian countries moving up and European countries falling back.
Monday, December 26th 2011 - 21:08 UTC
“Grand principles don’t impress” IMF chief reminds the Euro zone leaders

The head of the International Monetary Fund said that the world economy was in danger and urged Europeans to speak with one voice on a debt crisis that has rattled the global financial system.
Friday, December 23rd 2011 - 04:39 UTC
“We can never accept the Argentine government’s challenge to Falklands self-determination”

“We will always maintain our commitment to you on any question of sovereignty because your right to self-determination is the cornerstone of our policy”, said British Prime Minister David Cameron in his Christmas message to the Falkland Islands.