Wednesday, June 17th 2015 - 04:38 UTC

Falklands have a bright future and Islanders the resolve to face harassment and bullying

Foreign Office Minister Hugo Swire MP delivers his speech

The Falkland Islands have a bright future, not without challenges, or harassment or bullying, but the Islanders will face them with the same strength, tenacity and resolve that helped them through the conflict 33 years ago, said Foreign Office minister Hugo Swire at the annual Falklands' Government Reception in London.

Tuesday, June 16th 2015 - 00:40 UTC

Falklands' rig drilling to the south east of the Islands at Humpback prospect

This is the third out of six wells to be drilled during the current exploratory round

Falkland Oil & Gas Ltd. said on Monday that drilling had started at the Humpback exploration well off the south-east coast of the Falkland Islands. The spudding of the well actually took place last Saturday.

Friday, June 12th 2015 - 06:14 UTC

Guyana turning to United Nations to address Venezuela's territorial ambition

Besides the UN, Greenidge said Guyana has been in contact with members of the international community, as well as Caribbean and Commonwealth states

Guyana is turning to the United Nations to reach a legal settlement in its border dispute with Venezuela, describing Caracas’ claim of a portion of maritime space where oil was recently discovered as “a baseless and shameless attempt” at usurping Guyana’s territory.

Wednesday, June 10th 2015 - 06:04 UTC

Brazil launches ambitious $64bn infrastructure package to prop the economy

 “Today is an important day in my second term. We're here especially to renew our commitment to the development of our country” said Rousseff.

Brazil announced a $64 billion infrastructure spending package on Tuesday, hoping to revive its flagging economy with investment in highways, railroads, ports and airports. Businesses and analysts have long pointed to overburdened infrastructure as a drag on the world's seventh-largest economy, which pays high prices to ship the raw materials it exports.

Saturday, June 6th 2015 - 09:46 UTC

Falklands oil companies planning to continue drilling into next year

“I can't go to Argentina and nearby countries. But operationally, this has no effect,” Tim Bushell, Falkland Oil and Gas chief executive, said.

Falkland Oil and Gas plans to continue drilling into next year, its chief executive said, defying legal threats made by the Argentine government against oil explorers in the Falkland Islands.

Wednesday, June 3rd 2015 - 09:24 UTC

Falklands advances despite Argentine disruption and blockade efforts, says Acting Governor Sandra Tyler-Haywood

“These are exciting times for the Falkland Islands. The past year has seen significant developments in many areas”, said Acting Governor Sandra Tyler Haywood

Falkland Islands' Her Honour the Acting Governor delivered on Tuesday his State of the Nation speech to the elected Legislative Assembly underlining progress and expansion achieved in the economy and community development, the UK resolute in defending the rights and wishes of the Falkland Islanders to develop their own natural resources, and despite Argentine disruption and blockade efforts, first oil is expected to be produced in 2019.

Wednesday, June 3rd 2015 - 08:18 UTC

Falklands faces fiscal 2015/16 with surplus budget, all industries prospering and 1.4% inflation

Ms Granger points out however that “the economy is not without challenges: falling oil prices and reliance on a few core industries and commodities”

The Falkland Islands Legislative Assembly received on Tuesday the Appropriation Bill which allows for expenditure of £61.4M pounds in the fiscal year 2015/16, supported by revenues of £56.9M and a projected £4.9M from oil and gas exploration, thus completing another surplus year.

Saturday, May 30th 2015 - 09:01 UTC

Ford announces investments to boost car production in Argentina

“We’re growing our business in Argentina. Our 2011 decision to invest in global products (based in the country) has been successful” said CEO S. Armstrong

Ford Argentina announced investments in the country for some 220 million dollars following a meeting between President Cristina Fernández and local and regional executives from the US corporation.

Friday, May 29th 2015 - 09:44 UTC

Falkland Islands welcomes 'oil discovery' at the Isobel Deep exploration

”The (Isobel Deep) result potentially opens up a new development area some 30 kilometers to the south of the Sea Lion field” said Stephen Luxton.

The Falkland Islands Government welcomed Thursday's announcement by Premier Oil and partners that the 14/20-1 ‘Isobel Deep’ exploration well has been declared an “oil discovery”. Isobel Deep in the North Falkland basin, is the second well of a six-well offshore campaign planned to take place in the Islands waters through 2015.

Monday, May 25th 2015 - 07:21 UTC

Mexico compensates China for cancelling high-speed rail contract

The deal was called off over controversy in the bidding process. Mexico re-launched the bid earlier this year, but that was cancelled for a second time.

Mexico will compensate China Railway Construction Corporation (CRCC) $1.31m for cancelling a $3.75bn high-speed rail contract. CRCC was at the head of a consortium that had won the project last year, which was abruptly revoked shortly after being awarded.


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