UK's credit rating has been cut over concerns about the country's public finances and fears Brexit could damage the country's economic growth. Moody's, one of the major ratings agencies, downgraded the UK to an Aa2 rating from Aa1.
The Secretary of State for Scotland, David Mundell, will start an official visit to Argentina during which he will hold meetings with national authorities, private sector representatives, and members of the civil society. The purpose of his trip to South America, which started on Tuesday with a visit to Paraguay, is to promote Scottish business interests and build cultural and educational links.
Argentina’s 2018 budget bill forecasts economic growth of 3.5% next year and average annual inflation of 15.7%, Treasury Minister Nicolas Dujovne told Congress. The bill proposes a 2018 primary fiscal deficit of 3.2% of gross domestic product (GDP) as previously announced.
Searcher Seismic has made its entry into Argentina with four new multi-client projects. Beginning in phases, the first phase comprises of an offshore basin analysis report providing a regional framework to understand the offshore basins of Argentina, assisting industry’s exploration efforts.
Scandal-hit Brazilian construction company Odebrecht said on Sunday it has sold its 33% stake in a massive subway project in Argentina's capital Buenos Aires, but vowed to keep working in the country.
By Sharon Jaffray - The Falkland Islands flock reached 490.113 sheep of which 281.671 in East Falkland and 177.506 in the West plus 30.936 in the outer islands, according to the latest Farming Statistics 2016/2017, in accordance with the Agricultural Returns Ordinance. Likewise the number of cattle was 3.433.
Argentina baptized and received on Saturday in Vigo, Spain a state of the art scientific fisheries research vessel which will be incorporated to Mar del Plata based INIDEP's (National Institute of Research and Fisheries Development) fleet of vessels involved in promoting a sustainable fishing industry.
Chilean forestry company Arauco, a subsidiary of industrial conglomerate Empresas Copec SA, will invest US$185 million to build a new cellulose and textile pulp plant in the nation’s south, the company said on Thursday.
Pushing the European Union Mercosur deal is a “completely unacceptable”, according to Meat Industry Ireland’s (MII) director Cormac Healy. In a statement, Healy said that any progression and completion of the Mercosur trade deal will have negative effects on the EU beef market.
British Petroleum has agreed with Argentina's Bridas Corporation to form a new integrated energy company by combining their interests in the oil and gas producer Pan American Energy and the refiner and marketer Axion Energy in a cash-free transaction. The new company, Pan American Energy Group, will be the largest privately-owned integrated energy company operating in Argentina.