The Bank of America announced Friday that Dublin will be the new base for its European Union operations following Britain’s decision last year to split from the EU. Brian Moynihan, CEO of the Charlotte-based bank, made the announcement during a trip to the Irish capital city. It becomes the latest large U.S. bank in recent weeks to disclose plans for continuing to serve clients in EU countries following the so-called Brexit vote in 2016.1 comment
Maersk Oil said on Friday that it had reached another key milestone ahead of first gas from its flagship North Sea Culzean field. All three platform jackets for the £3.3billion project have now been put in place on time and on budget, the company said.Add your comment!
United States, Mexican and Canadian officials have agreed to an aggressive timetable to renegotiate the North American Free Trade Agreement (NAFTA), sources said, aiming to conclude early next year to avoid Mexico’s 2018 presidential elections.Add your comment!
Chilean authorities have approved a US$2.5 billion expansion of BHP Billiton's Spence copper mine, a local newspaper reported, though the company has not yet decided whether to go ahead with the project.Add your comment!
(*)By R. Viswanathan - For those who think that Latin America is too far and cost of freight is too high and therefore the region should be less important for India’s trade, here is the eye opener from the 2016-17 (April-March) statistics of the Commerce Ministry of India.1 comment
Chancellor of the Exchequer Philip Hammond reportedly told the board of U.S. investment bank Goldman Sachs that he was pushing for a lengthy transition period after Britain leaves the European Union, a source familiar with the talks said. The source said Hammond made a presentation to the Goldman Sachs board on June 29 when CEO Lloyd Blankfein was in London for the annual board meeting.2 comments
Former Brazilian President Lula da Silva’s conviction on corruption charges is not a political statement, but an enforcement of the law demonstrative of Brazil’s commitment to combat corruption at the highest levels of society, Brazilian Prosecutor-General Rodrigo Janot said at the Atlantic Council this week.4 comments
United States President Donald Trump has triggered a shake-up by appointing Wall Street financier Anthony Scaramucci as his White House communications director. White House Press Secretary Sean Spicer quit, reportedly in response to the move, which was announced on 21 July. He had been partially filling the communications role since the previous incumbent Michael Dubke resigned in May.1 comment
Sir Vince Cable has become the new leader of the Liberal Democrats with a promise to offer voters the possibility of an “exit from Brexit” through a second referendum on EU membership. The former business secretary took up the role after nominations for the post closed without him facing any challengers, becoming, at 74, the oldest leader in the party’s history.2 comments
Spanish Minister for Foreign Affairs, Alfonso Dastis, will visit the Campo de Gibraltar in September to discuss the impact of Brexit on cross-border workers and the wider region. The forthcoming visit was announced late Thursday night following a meeting in Madrid between the minister and officials from the Campo.1 comment