Investments

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.
Thursday, December 22nd 2011 - 21:02 UTC
Hague and Almagro to discuss Falklands’ flagged vessels restrictions on Friday

Britain’s Foreign Secretary William Hague and Uruguay’s Foreign Affairs minister Luis Almagro will discuss the Falklands/Malvinas flagged vessels issue on Friday according to a release from the British embassy in Montevideo
Friday, December 16th 2011 - 06:30 UTC
FDI in Brazil jumped four times since 2005 totalling 661bn; US main investor

Foreign direct investment (FDI) in Brazil expanded fourfold between 2005 and last year, from 162.8 billion to 660.5 billion dollars, the country’s central bank said on Thursday.
Friday, December 16th 2011 - 06:09 UTC
Maersk orders from Chile two offshore supply vessels for Canada

Maersk Supply Service has contracted Chilean shipyard Asenav, the country’s largest private yard, to build two new offshore vessels, with an option for up to four more.