Investments

Investments
Wednesday, July 27th 2016 - 13:11 UTC

Falklands' latest longliner launched in Spain; scheduled to be delivered early 2017

Built to CFL's specification by Nodosa Shipyard, in Marín, Galicia, the CFL Hunter will be fitted out in the next six months

Falkland Islands Consolidated Fisheries Ltd. new longliner was launched in Spain last 20 July at an event attended by a number of CFL staff, directors, and Galician business people linked to the fishing industry.

Thursday, July 21st 2016 - 08:07 UTC

PM May announces in Germany negotiations for an “orderly departure” from EU this year

PM May said UK was in no rush to trigger the exit process, which  although “this would not please everyone” it was right to hold off until the UK “objectives were clear”.

Prime Minister Theresa May has said the UK will not begin official negotiations on leaving the EU this year as she held talks with Germany's Chancellor Angela Merkel. Speaking in Berlin on Wednesday, the PM said securing a “sensible and orderly departure” from the EU would take time, but she insisted the UK would not “walk away” from Europe and wanted to retain the “closest economic links”.

Wednesday, July 20th 2016 - 06:29 UTC

Falkland Islands Government appoints Canadian Head of Policy

Ms Simovic said she, “is excited to be starting a new chapter in the Falkland Islands and honoured to have the opportunity to serve the community.”

Diane Simsovic has been announced as the new Head of Policy for the Falkland Islands Government. Simsovic is Canadian and has more than 35 years’ experience in the private and public sectors, with a background working at municipal, provincial and federal levels of Government, primarily focussing on economic development and growth. Ms Simsovic has also previously worked in environmental engineering and management consultancy.

Wednesday, July 20th 2016 - 03:56 UTC

Theresa May begins tour of European capitals: Wednesday with Merkel, Thursday with Hollande

Mrs. May said maintaining strong trading links in Europe was vital to ensuring the UK “made a success” of Brexit.

British Prime Minister Theresa May on Wednesday will take off for her first tour of European capitals visiting Germany and France where she anticipated discussions about the UK leaving the EU must be “frank and open”. The prime minister will have a working dinner with Germany's Angela Merkel on Wednesday before talks with France's Francois Hollande on Thursday.

Tuesday, July 19th 2016 - 06:40 UTC

Uruguay could compete for another pulp mill, if it develops logistics infrastructure

Another state-of-art pulp mill in Uruguay is possible if the logistics infrastructure is rebuilt to support large scale export-oriented businesses, said Jaakko Sarantola

Finland´s UPM pulp conglomerate which already has a plant in Uruguay announced it will commence discussions with the Uruguayan government on the development of logistics infrastructure for a possible mounting of another mill. Discussions will include railroad and roads, which currently are a critical challenge to establish large scale industrial operation in the Uruguayan inland and to connect it to a deep sea port.

Tuesday, July 19th 2016 - 05:40 UTC

CEO denies plan to privatize Petrobras: 'Brazilian society not mature enough to discuss the issue'

“I want to leave my opinion very clear, I don't believe Brazilian society is mature enough to even discuss privatization”, said CEO Parente

The Brazilian government has no plans to privatize state-run oil company Petrobras and is still deciding whether to sell its controlling share in several units to shore up its finances, the company's Chief Executive Officer Pedro Parente said in an interview with a local newspaper published on Monday.

Friday, July 15th 2016 - 06:57 UTC

Bank of England leaves interest rates unchanged until it has the full picture

The bank's non-move was somewhat a surprise: most economists had expected it to cut its main interest rate from the record low of 0.5% to shore up the economy

Bank of England kept interest rates on hold and refrained from injecting more money into the British economy Thursday, despite some clear evidence of the initial economic damage caused by the country's decision last month to leave the European Union.

Friday, July 15th 2016 - 06:35 UTC

Oil company pledges US$ 1.4bn in investments in Argentine Patagonia

PAE has pledged to invest US$ 900 million in Chubut US$ 300 million in Neuquen and US$ 70 million in Tierra del Fuego

Pan American Energy PAE, announced on Thursday investments of 1.4bn dollars in exploration and exploitation of conventional and non conventional hydrocarbons in the Argentine Patagonia provinces of Neuquen, Chubut and Tierra del Fuego.

Friday, July 15th 2016 - 03:37 UTC

'Falklands' future promising'', according to Latin American independent report

The study entitled “The Falkland Islands: A Perspective from Latin America” analyzes the economics, politics and the rule of law in the Falklands.

”The future of the Falkland Islands looks promising”, according to an independent investigation made by Eduardo Calderon, Daniel Haering and Andres Marroquin from the University Francisco Marroquin (UFM) and unveiled in Guatemala.

Thursday, July 14th 2016 - 07:35 UTC

Lula says a six-vote swing is needed to beat Rousseff's impeachment in August

“Dilma depends on only six votes,” Lula told a radio station in Pernambuco state. The Senate must vote by 54 votes out of 81 for the impeachment to pass

Brazil's suspended president Dilma Rousseff could still wriggle out of a looming impeachment vote, her ally and predecessor Lula da Silva said. Speaking with Radio Jornal, Brazil's most prominent leftist leader said Rousseff's case is not hopeless, despite months of mounting pressure on her to be removed from office.

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