Investments

Investments
Thursday, May 12th 2016 - 08:21 UTC

St. Helena airport certified, which brings opening day closer

St Helena’s first Aerodrome Certificate is valid until 9 November 2016, at which point the Airport will need to be re-certified.

British Overseas Territory St. Helena achieved a major milestone on Tuesday when Air Safety Support International (ASSI) issued an Aerodrome Certificate to brand new St Helena Airport - having been satisfied that the Airport infrastructure, aviation security measures and air traffic control service complies with international aviation safety and security standards. This follows a final inspection of the Airport by an ASSI team last month.

Saturday, May 7th 2016 - 08:13 UTC

London has its first Muslim mayor: ex human rights lawyer and son of a Pakistani bus driver

London pitted Khan, 45, who grew up in public housing in inner city London, against Conservative Zac Goldsmith, 41, the son of a billionaire financier.

Sadiq Khan, the son of a bus driver, became London's first Muslim mayor on Saturday, despite a Conservative challenger who attempted to link him to extremism and securing a much-needed win for his opposition Labour Party. Khan's victory, which also makes him the first Muslim to head a major Western capital, was confirmed shortly after midnight following a day of mixed news for Labour in elections elsewhere in the United Kingdom.

Saturday, May 7th 2016 - 06:20 UTC

Lord Price said UK and Argentina at the start of a new era of bilateral relations

Lord Price had a full two-day agenda in Buenos Aires including government and private contacts. The UK delegation also visited the Buenos Aires Stock Exchange

British Trade and Investment Minister, Lord Price said that Argentina and the UK are at the beginning of a new era in bilateral relations and in an excellent position to turn common interests into concrete business interests. Lord Price together with a mission of UK top business leaders ended on Friday a two-day visit to Argentina, the first in ten years.

Friday, May 6th 2016 - 23:57 UTC

Falklands have built and occupied over 126 houses from 2012 to 2015

 Director of Public Works Colin Summers said he expected there to be a drop-off in new houses this year in the capital Stanley.

More than 126 houses have been built and occupied in Stanley, capital of the Falkland Islands during the last four years with an increase from 10 in 2012 to 51 in 2015 with a third of the total builds being by Government.

Thursday, May 5th 2016 - 16:53 UTC

COSCO's “Andronikos” will make the first ceremonial transit of Expanded Panama Canal

“It is a great honor to have one of our top customers celebrates this historical moment with us,” said Panama Canal Administrator, Jorge L. Quijano.

China COSCO Shipping has won the draw for its container vessel Andronikos to make the ceremonial first transit through the Expanded Panama Canal during the waterway's inauguration on Sunday, June 26. The vessel, which has a maximum capacity of 9,400 TEUs, is 48.25 meters in beam and 299.98 meters in length.

Thursday, May 5th 2016 - 11:27 UTC

Petrobras sells stakes in Argentina and Chile, part of major divestment plan

Petrobras sold to Pampa Energia the 67.19% stake in PESA, but excludes two major gas formations in Neuquén (Argentina) and Bolivia

Brazil’s state-run oil firm Petrobras said it has concluded the sale of its 67.2% stake in Petrobras Argentina to Argentina’s Pampa Energía for US$ 892 million, according to a securities filing. Petrobras also sold all of Petrobras Chile Distribución to Southern Cross Group for about US$ 490 million as part of its divestment program, the company said.

Saturday, April 30th 2016 - 11:45 UTC

YPF will fight back legal claim seeking US$ 500 million for rescinding contracts

YPF said it was notified that it must pay damages of US$184.5 million to Brazilian electric utility AES and US$319.1 million to Transportadora de Gas del Mercosur

Argentina's state-run energy company YPF said this week it will fight a legal claim seek more than US$500 million in damages for rescinding natural gas export contracts in 2009. “YPF shall use all its legal resources to defend its interests and those of its shareholders,” the company said in a filing with the Buenos Aires Stock Exchange.

Friday, April 29th 2016 - 06:42 UTC

Chilean mining minister inaugurated the British Pavilion at Expomin 2016 in Santiago.

Chilean Mining Minister, Aurora Williams, Ambassador Fiona Clouder, and UKTI-Chile Director inaugurate the British Pavilion at Expomin 2016

Chilean President Michelle Bachelet and Mining Minister Aurora Williams officially inaugurated Expomin 2016. During her tour through the exhibition, Minister Williams visited the British pavilion, joined by Ambassador Fiona Clouder and UKTI Director Trevor Hines.

Wednesday, April 27th 2016 - 10:51 UTC

In a strategic decision, Australia opts for French submarines, sinks Japanese bid

“The recommendation was unequivocal, the French offer represented the capabilities best able to meet Australia's unique needs,” Turnbull told reporters

France has beaten Japan and Germany to win a US$ 43 billion deal to build a fleet of 12 submarines for Australia, one of the world's most lucrative defense contracts, Australian Prime Minister Malcolm Turnbull announced on Tuesday.

Wednesday, April 20th 2016 - 06:58 UTC

Argentina makes emerging-market record US$ 16.5b debt sale and ends litigation with bondholders

“We are resolving three issues at the same time: the 2001 default, the default of the previous government and we are returning to the market” said Minister Prat Gay

Argentina announced on Tuesday the largest emerging market debt sale on record with a global offering of 16.5bn dollars at an average interest rate of 7.14%, well below what it had planned in March in the midst of negotiations to end litigations with holdout funds opening the way, after fifteen years, for the return to world money markets. Underwriters received 68.5bn dollars in orders for bonds, more than four times the value of the debt.

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