Investments

Wednesday, May 2nd 2018 - 20:45 UTC
Fed leaves rates unchanged, confirms inflation near 2% target; hike expected at June meeting

The Federal Reserve on Wednesday left its benchmark interest rate unchanged, confirmed that inflation is near its 2% target, and strangely enough did not mention a word about the looming international trade confrontation. The central bank after a two-day meeting said inflation over the next 12 months should “run near” the 2% target, updating its language from March that indicated inflation would “move up” towards that level.
Sunday, April 29th 2018 - 05:22 UTC
Argentina increases basic rate 300 points to 30.25% to combat inflation

Argentina's central bank surprised markets at the end of the week by jolting its key interest rate up to 30.25% from 27.25%, citing weakness of the local peso against the US dollar and vowing to act again if high inflation persists.
Friday, April 27th 2018 - 09:15 UTC
Falklands' contracts consultant to decide on Stanley Airport’s upgrading

Runway codes are determined according to runway length; Code 1 being at least 800 meters long and Code 3 , 1200 to 1799 meters in length. Ramboll’s aviation division has been involved in airport developments in a number of countries around the world, including the UK (Heathrow), Russia, Rwanda and Gibraltar.
Friday, April 27th 2018 - 09:10 UTC
Falklands will have a “wow” 54-seat cinema in a year's time

It may be too soon to invest in a large bag of popcorn and to book a baby sitter, but cinema-going in the Falkland Islands' capital Stanley, which died out in the late seventies is set to begin again, hopefully, if all goes well by March or April 2019.
Thursday, April 26th 2018 - 09:09 UTC
UK may have to start new satellite system post-Brexit

The UK might have to set up its own satellite navigation system if it is thrown out of the Galileo project after Brexit, according to British officials. Galileo is a €10 billion program that was launched by the EU to rival the US global positioning system.
Thursday, April 26th 2018 - 08:59 UTC
Argentina receives 32 bids for six road projects totaling US$ 8 billion

Argentina announced it received 32 bids for six road projects requiring around US$ 8 billion in investment, in a big test of how public-private partnerships (PPPs) can help cash-starved Latin American governments beef up infrastructure.
Tuesday, April 24th 2018 - 08:31 UTC
Japanese manufacturers insist on a single market for its UK investments

Britain will not get a Brexit deal better than the current single market, Japan’s ambassador to the UK has said. Koji Tsuruoka, who took up the role just over a fortnight before the referendum in June 2016, said Japanese firms are watching negotiations and will want to continue to be located in the single market after next March.
Friday, April 20th 2018 - 09:19 UTC
WTO backing for Brazil in the aircraft manufacturing subsidies dispute with Canada

Brazil has secured World Trade Organization backing to press its claims against Canada in a dispute over what it says are unfair subsidies for Bombardier Inc.’s CSeries jets, a preliminary WTO ruling published this week showed.
Friday, April 20th 2018 - 08:41 UTC
Falklands oil industry: final investment decision on Sea Lion project by end of the year

Rockhopper Exploration and operator Premier Oil have submitted a revised draft field development plan for the Sea Lion Phase 1 project to the Falkland Islands government. According to Rockhopper, a final submission should follow in the lead-up to sanction of the project, in the offshore North Falkland basin.
Thursday, April 19th 2018 - 19:16 UTC
International coffee house and Mexican partner open first store in Montevideo

Starbucks has opened with great success its first store in Uruguay at the Montevideo Shopping mall in the capital city Montevideo. The store has a unique design and offers a wide range of Starbucks beverages and food, including Starbucks 100% arabica coffees from Latin America and around the world.