The Argentine government is considering phasing out the incentives which benefit Patagonian ports fisheries exports. The announcement was made by Jorge Metz, Ports Under Secretary during a recent visit to Bahía Blanca although pointing out the issue was still under consideration by the cabinet chief office, but some advances would be made public in a month's time.
Prime Minister Theresa May has said the UK will not begin official negotiations on leaving the EU this year as she held talks with Germany's Chancellor Angela Merkel. Speaking in Berlin on Wednesday, the PM said securing a sensible and orderly departure from the EU would take time, but she insisted the UK would not walk away from Europe and wanted to retain the closest economic links.
Brazil's central bank, with its recently appointed president, kept interest rates on hold for the eighth consecutive meeting on Wednesday as expected, despite a deep recession, as the new board cited concern about stubbornly high inflation and uncertainty surrounding economic reforms.
Diane Simsovic has been announced as the new Head of Policy for the Falkland Islands Government. Simsovic is Canadian and has more than 35 years’ experience in the private and public sectors, with a background working at municipal, provincial and federal levels of Government, primarily focussing on economic development and growth. Ms Simsovic has also previously worked in environmental engineering and management consultancy.
Argentina's collaboration strategy towards the UK and the Falkland Islands, if it means integrating the Islanders in any discussions relative to their lives and future, which is only of their concern, this is positive, according to Gibraltar Chief Minister Fabian Picardo, interviewed by Argentina's official news agency Telam.
British Prime Minister Theresa May on Wednesday will take off for her first tour of European capitals visiting Germany and France where she anticipated discussions about the UK leaving the EU must be frank and open. The prime minister will have a working dinner with Germany's Angela Merkel on Wednesday before talks with France's Francois Hollande on Thursday.
Finland´s UPM pulp conglomerate which already has a plant in Uruguay announced it will commence discussions with the Uruguayan government on the development of logistics infrastructure for a possible mounting of another mill. Discussions will include railroad and roads, which currently are a critical challenge to establish large scale industrial operation in the Uruguayan inland and to connect it to a deep sea port.
The Brazilian government has no plans to privatize state-run oil company Petrobras and is still deciding whether to sell its controlling share in several units to shore up its finances, the company's Chief Executive Officer Pedro Parente said in an interview with a local newspaper published on Monday.
Bank of England kept interest rates on hold and refrained from injecting more money into the British economy Thursday, despite some clear evidence of the initial economic damage caused by the country's decision last month to leave the European Union.
Pan American Energy PAE, announced on Thursday investments of 1.4bn dollars in exploration and exploitation of conventional and non conventional hydrocarbons in the Argentine Patagonia provinces of Neuquen, Chubut and Tierra del Fuego.