Investments

Investments
Wednesday, September 7th 2016 - 17:54 UTC

Falkland Islands Holdings declares lower profitability; plans name change

FIH Plc said the timing of the name change was “heavily linked to a recovery in the oil price” and recent progress by Premier Oil PLC was “very encouraging”.

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.

Wednesday, September 7th 2016 - 17:00 UTC

Brazil's central bank sounds more flexible on the world's highest interest rates

Last week, the central bank kept its benchmark Selic rate steady at 14.25% for the ninth straight time in a bid to lower inflation that is near 9%.

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.

Wednesday, September 7th 2016 - 13:41 UTC

Montevideo will have a specific fishing terminal and freezing storage by 2019

A blueprint of the extended fisheries terminal planned to the west of the current facilities in the port of Montevideo

Uruguay plans to build a major terminal for the fishing industry, with sufficient freezing capacity, in the Capurro Park, approximately a mile to the west from the current mooring facilities in the Montevideo bay port.

Tuesday, September 6th 2016 - 17:17 UTC

Meirelles invites foreign investors to take advantage of US$ 269bn opportunities

“The historical trend is for Brazil to have substantially faster growth rates and we will work to have growth back to an average of 4%” Meirelles said.

Brazil's economy could grow 2.5% in 2018 and expand at an even faster rate over the following years, Finance Minister Henrique Meirelles said at a seminar in Shanghai.

Wednesday, August 31st 2016 - 13:54 UTC

China expects G20 summit confirms its world standing, but admits vulnerable flanks

Beijing wants the G20 meeting to lay out a broad strategy for global growth, but it could be overshadowed by arguments from territorial disputes to protectionism.

China is hoping to cement its standing as a global power when it hosts leaders from the world's biggest economies this weekend, but suspects the West and its allies will try to deny Beijing what it sees as its rightful place on the international stage. Ensuring that this does not happen will be one of President Xi Jinping's priorities, and a key mark of how successful China will judge the G20 summit to be.

Wednesday, August 31st 2016 - 12:34 UTC

Macri at G20 to represent the “new” Argentina and after crucial investments

Macri has meetings scheduled with Xi, Putin, Merkel and probably UK prime minister Theresa May

Argentine president Mauricio Macri is off to Hangzhou, China for this first G20 summit where he is expected to hold bilateral talks with the host Xi Jinping, Russia's Vladimir Putin, Germany's Merkel and probably UK prime minister Theresa May.

Sunday, August 28th 2016 - 03:56 UTC

Rousseff takes the stand on Monday, following the round of defense witnesses

Tension is building ahead of Monday when Rousseff, from the leftist Workers' Party, will take the stand for the first time and face her accusers.

Suspended Brazilian president Dilma Rousseff's former economy minister testified Saturday that Rousseff did not break any laws justifying impeachment, as her trial closed in on next week's climax. Rousseff is accused of taking illegal state loans to help bridge budget shortfalls and mask the true state of the economy during her 2014 reelection campaign. The president argues the charges are trumped up and amount to a rightwing coup.

Friday, August 26th 2016 - 08:13 UTC

Falklands and Montserrat sign marine spatial environment partnership accord

Strong partnerships with other OTs and with the JNCC “have led to the exciting initiative ‘T2T’ sharing skills knowledge and expertise”, affirmed MLA Poole

UK Overseas Territories governments of the Falkland Islands and Montserrat have signed an agreement that facilitates a Territory to Territory partnership with the purpose of transferring knowledge and skills from the South Atlantic and the Caribbean. The skills and knowledge transfer will focus on information management and marine spatial planning.

Tuesday, August 23rd 2016 - 06:37 UTC

Premier Oil currently drafting a Project Proposal for oil production in the Falklands

The Mobile Offshore Drilling Unit (MODU) will drill subsea wells, which will include oil-producing, water-injection and gas-production wells.

The commercialisation of the Sea Lion Oil Field off the Falkland Island’s continues to take steps forward as Premier Oil prepares a detailed project proposal to be submitted to the Falkland Island’s Government (FIG). Premier Oil has been undertaking public consultations in the Falklands over the past week as part of their Environmental Impact Assessment, which will support their application to FIG to proceed with oil development.

Monday, August 22nd 2016 - 11:13 UTC

Despite all odds, Rio “the marvelous city” earned its Olympian record

The closing ceremony was an explosion of color, music, dance with the Samba Schools and queens.

Rio do Janeiro is the marvelous city, the heart of Brazil, are the lyrics of the song which identifies the sublime and the misery of Latin America's biggest country with the largest economy. This Sunday ended the almost three weeks 31st Summer Olympics hosted for the first time by a non developed country, and contrary to fears and uncertainties ended as a complete success, winning the hearts of all those who shared the Rio Games.

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