Economy

Tuesday, September 18th 2012 - 09:27 UTC
Moody’s changes Argentina rating outlook to negative from stable

Moody's Investors Service has changed the rating outlook on Argentina to negative from stable, citing haphazard economic policy decisions coupled with increasing questions about the reliability of official statistics.
Tuesday, September 18th 2012 - 07:21 UTC
Falklands’ Desire confirms exploration potential and is looking for farm-in partner

Falkland Islands explorer Desire Petroleum said its half-year to end-June period losses decreased from 39.3 million dollars in the previous period to just 2m, due to a fall in exploration and evaluation expenses. It also announced that it was looking for a farm-in partner for the North Falkland basin, where the company is focused.
Tuesday, September 18th 2012 - 06:56 UTC
Falklands immigration review to address labour demand from strong economy

The future need of the Falklands Islands labour market is the driving force behind a decision to review the Falklands immigration system, confirmed Head of Policy Jamie Fotheringham this week in a report published by Penguin News.
Tuesday, September 18th 2012 - 06:53 UTC
IMF delays report on Argentina’ controversial economic data reporting

The International Monetary Fund (IMF) decided it will not “release any communiqué regarding Christine Lagarde report over Argentina's statistics,” the press department announced. It is expected that the report with the analysis of the Board of Directors will be released on Tuesday.
Tuesday, September 18th 2012 - 06:41 UTC
Soy, corn and wheat futures with record drops in Chicago on improved yields of US crop

US soybean futures tumbled on Monday trading posting their biggest percentage drop in nearly one year, on selling sparked by anecdotal accounts of better-than-expected yields in the Midwest farm belt.
Monday, September 17th 2012 - 17:29 UTC
Cruise convention underlines South America’s potential for the industry

South America was described as a ‘fantastic destination’ for the cruise industry but with an even greater potential said Chris Hayman at the closing ceremony of the two-day Seatrade South America Cruise Convention in Buenos Aires.
Monday, September 17th 2012 - 14:57 UTC
FOGL and Edison strike gas discovery to the East of the Falkland Islands

Falkland Oil and Gas Ltd announced Monday that the well drilled to the East of the Falkland Islands to a depth of over 4.000 meters is a gas discovery. The statement comes after a rough week for FOGL when its shares plummeted following poor and unfounded press coverage.
Monday, September 17th 2012 - 05:37 UTC
Venezuela and Argentina sign 24 agreements in the oil-food industries

Venezuela and Argentina signed three institutional agreements and 24 among corporations during the two-day First Meeting for the Venezuela-Argentina Petro-industrial development with the purpose of intensifying trade, investment and cooperation between the two countries.
Monday, September 17th 2012 - 02:47 UTC
Experts close to President Rousseff warn of a “real estate bubble” in Brazil

A team of experts working for the administration of President Dilma Rousseff has warned of the existence of a “real estate burble” in Brazil with the value of houses soaring 165% in Rio do Janeiro and 132% in Sao Paulo in the last four years.
Saturday, September 15th 2012 - 06:54 UTC
Growing number of Spanish companies looking to make business in Latin America

An ever growing number of Spanish companies are setting their eyes on Latin America, a region with an expanding economy, abundant natural resources and much to be done as reported by Spain’s trade offices and Spanish chambers of commerce.