Investments

Investments
Tuesday, April 19th 2016 - 22:42 UTC

First commercial airliner lands in St Helena: new chapter of opportunities for the BOT island in mid Atlantic

British Airways Boeing 737-800 prepares to touch down at St Helena’s airport.  It is the actual Boeing aircraft which will serve the St Helena/Johannesburg route.

The British Overseas Territory St Helena in mid Atlantic made history on Monday as the first large passenger jet aircraft, a Boeing 737-800 (ZS-ZWG), touched down at St Helena’s new Airport shortly after 12.00 noon. This is the actual Boeing aircraft which will serve the St Helena/Johannesburg rout, according to a release from the local government.

Monday, April 18th 2016 - 09:46 UTC

Mercosur/EU trade deal is “no bed of roses” and “we're just beginning”

“We'll only reach an agreement if we start to discuss it. We're not going to get closer unless we display proposals. It's a give and take game”, said Malcorra

Despite growing optimism among Mercosur member countries of reaching a trade agreement with the European Union, Argentine minister of foreign affairs Susana Malcorra has cautioned that the road ahead is not “a bed of roses”, and the coming exchange of goods and tariff reduction proposals “will not satisfy any of the two sides”, but that is where “serious discussions begin”.

Saturday, April 16th 2016 - 09:44 UTC

A view of the Falkland Islands by the British Consul in Uruguay

Katharine Felton next to the Stanley Welcome signpost  (Pic FB)

Katharine Felton writes the highlights of her one week experience in the archipelago. - Last week I visited the Falkland Islands for the first time - to learn more about the Islands and look at how their links with Uruguay, and vice versa, can be strengthened.

Wednesday, April 13th 2016 - 05:03 UTC

Ecuador signs US$ 1 billion investment deals to boost oil production in existing fields

Petroamazonas signed a contract with Pañaturi consortium, made up of China’s Sinopec International and Sinopec Service Ecuador

Ecuadorian state-owned energy firm Petroamazonas EP, which is looking to boost production at nine of its existing oil fields and on Monday signed a series of investment deals amounting to US$ 1 billion for those areas, enlisting the help of both domestic and foreign companies.

Monday, April 11th 2016 - 05:46 UTC

Argentina ready to formally join the IMF fold; Prat-Gay to meet Lagarde this week

 Prat-Gay will attend the IMF-World Bank summit in Washington DC and is expected to discuss the issue with IMF head Christine Lagarde.

Argentina will start discussions with the International Monetary Fund (IMF) this week on its first Article IV review in a decade, Finance Minister Alfonso Prat Gay said at a conference held by the Institute of International Finance (IIF) in Nassau. “Next week we are going to have a discussion (with the IMF) to agree on an actual schedule for the next Article IV evaluation, which will happen sometime around September,” Prat Gay told the audience on Sunday.

Thursday, April 7th 2016 - 09:20 UTC

MSC Cruises orders four more ships from French shipyard STX in 3.6bn Euro deal

The companies signed a letter of intent at Elysee palace, reflecting the importance placed on the investment for President Francois Hollande employment policy

French shipyard STX has secured an order for up to four more ships from MSC Cruises, in a 3.6 billion-Euro (US$4.1 billion) deal announced on Wednesday. MSC Cruises, part of privately owned shipping group MSC, has in recent years been the main customer for STX France, which is based at the Atlantic port of Saint-Nazaire.

Thursday, April 7th 2016 - 08:49 UTC

Britain's choice: economic security with the EU, or a leap into the dark

Leaving the single market would also hit our service industries hard – and this is where our economy faces the biggest risk.

By PM David Cameron - Prime Minister David Cameron wrote an article on the UK's economic security within the EU for The Telegraph. Imagine a world where a British airline wasn’t allowed to fly between Rome and Paris; where British farmers were slapped with a tariff if they wanted to export more beef to Europe; and where great British telecoms companies and car manufacturers faced new barriers when trying to sell their goods and services to customers in Europe.

Monday, April 4th 2016 - 04:12 UTC

Petrobras launches voluntary layoff program to cut 12.000 jobs

Investors have long criticized Petrobras for over hiring and struggling to cut some of the 57,000 people it directly employs when things get tough.

Brazil's embattled oil company Petrobras said it will launch a voluntary layoff program to cut an estimated 12,000 jobs in a bid to save up to 33 billion reais ($9.20 billion) by 2020. The program will cost 4.4 billion reais and is open to all employees, according to a statement from Petrobras, which has been hard hit by low oil prices, refinery project problems and a massive price-fixing, bribery and political kickback scandal.

Saturday, April 2nd 2016 - 08:07 UTC

Argentina and China reaffirm strategic relation and agree to review contracts

The meeting of the two delegations headed by presidents Macri and Xi Jinping in Washington

China has agreed to review contracts signed with Argentina, which need modifications, for the sake of transparency, according to Buenos Aires sources, but the overall strategic relation between the two countries and a raft of accords in different fields stands and is expected to continue to grow.

Friday, April 1st 2016 - 07:44 UTC

UK at Chile's Air and Space Fair offering a significant range of defense products

This significant UK presence reflects the strong commitment that UK companies have to Chile, the Armed Forces and the region.

Partnership, disaster relief, industrial cooperation and innovation are the main UK themes as UK companies exhibit a range of world beating defense capabilities at Chile's FIDAE 2016, some attending for the first time, others as a result of having exhibited at a successful FIDAE 2014.

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