Investments

Investments
Wednesday, August 10th 2016 - 15:49 UTC

Brazilian Senate votes to impeach Rousseff, and Temer could cease to be “interim” president

The Senate needed just a simple majority to decide on taking Rousseff to trial, but a two-thirds majority will be needed in the final vote, after the trial in late August.

Brazilian Senate has voted to begin the impeachment trial of embattled President Dilma Rousseff, a move that could officially hand over power to her former vice president – current interim president – Michel Temer. The impeachment trial is expected to open around August 25 - four days after the Olympics finish - and go on for five days, ending with a vote in judgment.

Wednesday, August 10th 2016 - 03:54 UTC

Falklands 2014 and 2015 business climate surveys “very good”, but 2016 prospects aren't so rosy

The Business Climate Survey is undertaken by the Falklands Islands Development Corporation, FIDC, with support from the Falklands Chamber of Commerce

The Falklands Business Climate Survey strongly suggests that 2014 and 2015 were two very good years for the Islands economy and its business community, which translated in profits and higher levels of turnover, particularly 2015. However survey respondents predictions for this year and onwards aren't as rosy with many businesses anticipating lower turnover and investments, but not necessarily profits, while the overall average rating for the Islands' economy weighed between “average” and “good”.

Wednesday, August 10th 2016 - 03:49 UTC

UK with a Great Pavilion will be present at Uruguay's main agriculture show

One of the highlights of this year will be the focus on agricultural technology with a series of lectures by British and Uruguayan experts.

With just a month to go until Uruguay's main agro show, Expo Prado, the British Embassy in Montevideo announces that for the third consecutive year it will be present with a Great Pavilion focused on business, education, culture, tourism, gastronomy and entertainment. British brands such as JCB Machinery, Polo Club clothing, FCR-DAS who specialise in quality management certification, fire extinguishers from Noblex, Brompton and other bicycles courtesy of Muvin will all be taking part.

Wednesday, August 3rd 2016 - 06:58 UTC

Rio Games opening tailored to the current economic conditions in Brazil

Rio Games will not have the grandiosity of Beijing, the special effects of Athens, the eccentricity and technological skills of London. It is an analogue opening

Rio de Janeiro Olympics opening ceremony on Friday will break with the recent tradition of large-scale and expensive shows, featuring a low-emissions cauldron and an “analogue” experience, executive producer Marco Balich said.

Tuesday, August 2nd 2016 - 06:07 UTC

China's leading role in Argentina reviewed and confirmed by Macri

Argentina’s diplomatic relations with China were upgraded to “strategic integral alliance” status in the president Cristina Fernández de Kirchner administration

China’s role in Argentina’s foreign relations will be more balanced than during the Kirchner administrations, with a larger role played instead by the United States and European countries, the country’s ambassador to Beijing Diego Guelar said, claiming Chinese investment will have to be more competitive.

Monday, August 1st 2016 - 13:52 UTC

Temer inaugurates much delayed metro line in Rio to the Olympic events

The Olympic Games, whose opening ceremony is scheduled for August 5, have provided an opportunity “for improving all of Rio,” Temer said in a speech.

Brazilian interim President Michel Temer on Saturday inaugurated a new Rio de Janeiro metro line that runs from Barra da Tijuca, the neighborhood that is home to most of the Olympic venues, to the city's southern tourist zone.

Saturday, July 30th 2016 - 08:36 UTC

Unemployment in Magallanes Region climbs to the highest in five years

With 5.7% unemployment Magallanes region is 1.1 percentage points below the Chilean national average of 6.8%

Unemployment in Magallanes, extreme south of Chile climbed strongly during the March/May quarter, from 3.6% to 5.7%, marking the third consecutive mobile quarter increase. The 5.7% is the highest unemployment mark in five years, in 2015, 4%; 2014, 2.8%; 2013, 2.7%; 2012, 3% and in 2011, 4%.

Thursday, July 28th 2016 - 11:36 UTC

Ushuaia plans to expand main port pier 251 meters and improve facilities

Tierra del Fuego governor Rosana Bertone made the presentation of the project at Government House in Ushuaia

Ushuaia, the world's most extreme south city and the gateway for Antarctica cruise tours is planning to upgrade its port facilities including the expansion of the main pier by 251 meters increasing the docking capacity for tourism vessels during the summer season.

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”.

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