Thursday, September 17th 2015 - 08:32 UTC

Appeals court hands victory to Argentina in bonds dispute; questions Judge Griesa's 'class' expansion

Judge Wesley noted that defining a precise class to which Argentina owes damages and calculating those damages have been “exasperating tasks.”

A United States federal appeals court handed Argentina a victory Wednesday in its quest to relieve itself of the pressures of debt owed to American hedge funds and others, saying a judge went too far by letting some bondholders demand payment without proving how much they are entitled to be paid.

Wednesday, September 16th 2015 - 09:45 UTC

Rousseff's latest austerity measures, 'hard to pass' warn congress leaders

“All, without exception, told her that there will be great difficulties in voting for the plan,” said Rogerio Rosso, head of the PSD party.

President Dilma Rousseff's latest austerity plan to rescue Brazil's sinking economy faced a cold reception Tuesday, with Congress raising questions over whether the measures will win approval. The speaker of the lower house of Congress and one of Rousseff's chief foes, Eduardo Cunha, dismissed the measures as “pseudo cuts” and predicted they would not easily pass.

Wednesday, September 16th 2015 - 09:18 UTC

OPEC refuses to cut output pushing higher-cost oil producers out of the market

The cartel expects demand for its crude next year to average 30.31 million barrels per day (bpd), up 190,000 bpd from last month

The monthly report from the Organization of the Petroleum Exporting Countries said a weaker outlook for China would contribute to slower global oil demand growth next year. “U.S. oil production has shown signs of slowing,” OPEC said in the report. “This could contribute to a reduction in the imbalance of oil market fundamentals, however, it remains to be seen to what extent this can be achieved in the months to come.”

Wednesday, September 16th 2015 - 08:04 UTC

History made as first ever plane lands at St Helena: day to remember 09/15/2015

The aircraft crew comprised Captain Grant Brighton, Co-pilot and First Officer Dillan Van Niekerk, Chief Aircraft Engineer Jeffrey McKenzie (all of TAB Charters, SA) together with FCSL Chief Pilot, St

History was made on St Helena at 13.50hrs GMT Tuesday 15 September 2015, as a Beechcraft King Air 200 aircraft arrived from Angola and touched down at St Helena’s new Airport, prior to conducting a series of calibration flights.

Tuesday, September 15th 2015 - 10:22 UTC

Beijing prepared to privatize huge state companies sector, but “strengthening party leadership”

China's government manages 111 companies centrally under the State-owned Assets Supervision and Administration Commission, SASAC.

Beijing has unveiled its long-awaited blueprint for restructuring its mammoth state enterprise sector, including partial privatization, as data pointed to a cooling in the world's second-largest economy.

Tuesday, September 15th 2015 - 10:13 UTC

Brazil announces measures to balance budget; it includes controversial tax on financial transactions

Less subsidies for the chemical industry, cuts refunds to manufactured goods exporters by 2 billion Reais and raised the capital gains tax to up to 30%

Brazil's government announced on Monday spending cuts and tax increases totaling 65 billion Reais ($16.9 billion) as it races to close a budget deficit that led to a downgrade of the country's credit rating last week.

Tuesday, September 15th 2015 - 10:06 UTC

Tierra del Fuego August inflation, 2.3% and 28.4% in the last twelve months

The official CPI in Argentina for August was established at 1.2%, and at 9.4% and 14.7% for the last eight and twelve months.

The consumer price index in Tierra del Fuego, extreme south of Argentina climbed 2.3% in August, totaling 17.4% in the first eight months and 28.4% in the last twelve months, according to the province's stats and census office.

Saturday, September 12th 2015 - 11:27 UTC

First landing ever in St Helena airport scheduled for next week as part of calibration flights

The aircraft is due to arrive between Sunday 13 and Thursday 17 September 2015, dependent upon suitable weather and other factors.

A historic milestone is set to be reached next week when a Beechcraft King Air 200 aircraft is due to land at the new St Helena Airport to carry out a series of calibration flights. This will be the first aircraft to land on St Helena, the island in the middle of the Atlantic Ocean.

Saturday, September 12th 2015 - 11:23 UTC

Falklands' oil company unaware of reasons for share prices increase

Drilling continues on the Humpback exploration well to the south of the Falklands and none of the reservoir objectives have been penetrated yet.

Falkland Oil and Gas Limited, the oil and gas exploration company focused on its extensive licence areas to the North, South and East of the Falklands islands, notes Friday's increase in the Company's share price and confirms that it is not aware of any reason that would lead to such a movement.

Saturday, September 12th 2015 - 11:00 UTC

Argentina's inflation slowing but still comfortably on the two digits

City of Buenos Aires stats office admits prices are on a down-slide tendency, with eight months inflation at 15.95%, and 28.2% in the last twelve months.

According to Argentina's stats office Indec, consumer prices during the month of August climbed 1.2% over July, 9.4% in the eight months and 14.7% in the last twelve months. These numbers however are quite different from private consultants' estimates and the City of Buenos Aires stats office: 2.17% and 1.8% inflation for August, respectively.


Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!