British Petroleum is looking to increase its investments in Argentina after seeing “tremendous change” in the country since President Mauricio Macri took office nine months ago, CEO Bob Dudley said on “Bloomberg Markets” this week. Argentina just “feels different,” Dudley told Bloomberg's Erik Schatzker at the inaugural Argentina Business Investment Forum in Buenos Aires.
Brazil on Tuesday launched a multibillion-dollar plan to auction off oil, power rights and infrastructure concessions, in an attempt by the new government to bolster private investment in a moribund economy. The government will sell operating licenses for airports in the cities of Porto Alegre, Salvador, Florianopolis and Fortaleza by the first quarter of 2017. It also plans to sell rights to operate federal roads in the center-west and south regions later next year.
Argentine president Mauricio Macri described as a “gesture” the attendance of Foreign Office minister Alan Duncan at the Business and Investment forum in Buenos Aires, and anticipated that UK and Argentina are preparing a bilateral meeting next week in New York on the sidelines of the annual UN general assembly to address all issues including Falklands/Malvinas.
UK Foreign Office minister of state for the Americas and the Falkland Islands, Sir Alan Duncan begins this Monday a full agenda of activities in Buenos Aires with the purpose of promoting business, investments and normalizing bilateral relations, after more than a decade of distant when not frozen links under the Kirchner couple administrations. The Falkland Islands issue is also expected to be addressed but with a constructive spirit.
The Falkland Islands Government has acknowledged it is aware of media coverage of Argentine foreign minister Susana Malcorra referred to proposals of possible air links between the Islands and Argentina as well as talks on other areas of interest such as the fishing and hydrocarbons industries.
The Scottish government will start preparing the legislation required for a new referendum on independence from the United Kingdom in case it is needed, First Minister Nicola Sturgeon told the Scottish parliament on Tuesday. Last week Sturgeon said her party would start a survey to test support for secession, questioning at least two million Scots just as Britain negotiates its exit from the European Union.
Gianni Infantino has accepted a salary of US$1.53 million a year, with FIFA No.2 Fatma Samoura set to receive US$1.3 million. Under the contract, Infantino also gets a car and lodgings paid during his term of office and “contribution for expenses in accordance with FIFA’s expenses regulations ($2,000 per month)”.Samoura has the same benefits but lodgings are not included.
Argentine fishing company Conapesca has almost settled a trade agreement with a Chinese state-owned investment group, to whom it would sell its shrimp fishing freezer fleet, reports Revista Puerto. According to the report the Chinese company has been assessing the state of the shrimper fleet at its port base in Puerto Madryn.
Falkland Islands Holdings PLC on Thursday tabled plans to change its name to FIH Group PLC, as it said profitability in the first five months of its financial year was at a lower level than the prior year. Falkland Islands Holdings, which owns services businesses based in the UK and the Falkland Islands, said it will change its name to FIH Group, subject to shareholder approval, to more properly reflect the balance of the group's activities. Its activities are now predominantly in the UK and Europe.
The Brazilian central bank said on Tuesday that future interest rate cuts will not depend on any single factor, signaling that policymakers are ready to ease monetary policy as inflation expectations improve. In the minutes of its last rate-setting meeting, the bank said all members were satisfied with the progress of disinflation, but remained cautious about high inflation expectations for 2017.