Investments

Friday, May 17th 2019 - 11:00 UTC
Premier Oil finances improving and so are Falklands' Sea Lion project prospects

Britain’s Premier Oil increased its 2019 production guidance on Thursday, saying output had been boosted by efficiency measures and a late sale from its now-divested Pakistan oil fields. The company said it now expects output to reach 75,000 to 80,000 barrels of oil equivalent per day (boed) this year, from up to 75,000 boed previously.
Friday, May 17th 2019 - 07:30 UTC
US Justice has requested Chile the arrest of arms and bombs manufacturer tycoon

For 26 years, Chilean business tycoon Carlos Cardoen has been unable to travel abroad for fear of arrest. Cardoen is accused of illegally importing the bomb-making element zirconium from the US, which added a potent incendiary effect to cluster bombs his company, Cardoen Industries, sold to Saddam Hussein's Iraqi regime in the 1980s and 1990s.
Thursday, May 16th 2019 - 14:58 UTC
Argentina does not recognize UK as a coastal state but will jointly address high seas catches in the South Atlantic

Foreign minister Jorge Faurie strongly denied in Congress on Wednesday that the Argentine government was ready to “handover” the disputed Malvinas Islands to the British, and likewise defended the current proximity policy of president Mauricio Macri administration towards the South Atlantic issue.
Tuesday, May 14th 2019 - 09:50 UTC
China announces higher tariffs on US produce; Trump expects to meet Xi in June in G20 summit

United States President Donald Trump said on Monday that he would meet Chinese president Xi Jinping next month as the trade war between the world's two largest economies intensified, sending shivers through global markets.
Tuesday, May 14th 2019 - 09:21 UTC
Ford assets in Brazil to be acquired by Chinese businesspeople

The founder of Brazilian automaker CAOA said on Monday he is negotiating with Chinese business executives to make a joint acquisition of a Ford Motor Co plant near Sao Paulo.
Saturday, May 11th 2019 - 09:58 UTC
Falkland Islands Wool Company attended the 88th Congress of the International Wool Textiles Organisation

Vikki Berntsen and Farrah Peck of The Falkland Islands Wool Company attended the 88th Congress of the International Wool Textiles Organisation (IWTO) last month, along with Adam Dawes of the Department of Agriculture, and Robert Hall of Falkland Wool Growers.
Saturday, May 11th 2019 - 09:10 UTC
LATAM Airlines for second year running, “Best Global Airline in South America”

LATAM Airlines Group was named for the second year running as the ‘Best Global Airline in South America’ in the Passenger Experience Association of Airlines (APEX) Passenger Choice Awards in Los Angeles, California. LATAM was also recognized for the ‘Best Seat Comfort’, ‘Best Cabin Service’, ‘Best Entertainment’ and ‘Best Wi-Fi’ in South America.
Friday, May 10th 2019 - 09:53 UTC
Mike Zuckerberg has become far too powerful, Facebook has to be broken up, says the social media co-founder

One of the co-founders of Facebook called on Thursday for the social media behemoth to be broken up, warning that the company's head, Mark Zuckerberg, had become far too powerful.
Friday, May 10th 2019 - 09:11 UTC
Shell to invest US$ 2bn annually in Brazil until 2025

Shell plans to invest as much as US$2 billion annually in its Brazilian operations by 2025, Shell’s chief executive officer Ben van Beurden told Brazilian business daily Valor Economico in an exclusive interview published on Thursday.
Friday, May 10th 2019 - 06:00 UTC
US/China conclude first of two days of talks; Trump's tariff hike anticipated

Top US and Chinese trade negotiators concluded the first of two days of talks on Thursday to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs on hundreds of billions of dollars of goods imported from China.