Investments

Investments
Monday, January 27th 2014 - 19:26 UTC

Coca Cola CEO warns youth unemployment is a great risk for social peace

Kent was addressing the World Economic Forum in Davos

Unemployment among teens and young adults represents a huge global problem, says Muhtar Kent, CEO of Coca-Cola. In the United States, teenage unemployment totaled 20.2 percent in December and if the situation isn't addressed, the results could be devastating, the social peace and fabric of the world is in danger.

Sunday, January 26th 2014 - 02:27 UTC

Four Wells planned by Rockhopper for 2014

ROCKHOPPER Exploration has identified four wells it plans to drill in the upcoming 2014-2015 drilling campaign in the Falkland Islands.

Saturday, January 25th 2014 - 03:25 UTC

Argentina rolls back dollar restrictions hoping to contain market volatility; Monday test day

Capitanich and Kicillof said the Peso reached a 'convergence level' under a policy of 'managed flotation'

Argentina lifted on Friday restrictions on personal US dollar purchases for citizens, ending a prohibition on greenback savings that began at the end of 2011. The new measures, which occur one day after both the official and parallel 'blue' dollar saw record rises, were announced in a short press conference by Cabinet Chief Jorge Capitanich and Economy Minister Axel Kicillof. The measures become effective from Monday onwards.

Saturday, January 25th 2014 - 00:28 UTC

Mantega insists that the Mercosur/EU trade agreement includes Argentina

The Brazilian minister seems to contradict previous statements from Uruguayan minister Luis Almagro

Mercosur is preparing for trade negotiations with the European Union and they include Argentina, said on Friday Brazilian finance minister Guido Mantega at the World Economic Forum taking place in Davos, Switzerland. The comment seems to contradict other recent statements which said the trade deal with the EU will go forward with or without a reluctant Argentina.

Friday, January 24th 2014 - 02:15 UTC

Argentina: in chaotic trading dollar jumps 12.4% in one day to 8 Pesos in the official market

The central bank lost another 180 million dollars in reserves

In a day of chaotic trading the Argentine Peso on Thursday again plummeted against the US dollar losing 12.4% of its value in the official market, ending the day at just over 8 Pesos. In earlier operations the dollar was selling at 8,31 Pesos until the Central bank decided to intervene helping to cool the market.

Friday, January 24th 2014 - 02:09 UTC

Argentine 2013 trade surplus down 27%, helping with the dollar shortage

 Energy and fuel imports make Argentina's trade balance most vulnerable

Argentina's trade balance during 2013 left of surplus of 9.24 billion dollars, 27% less than in the previous year (12.42bn), according to the latest release from the official stats office, indec. Exports in the past year grew by 3% to reach a value of 83bn dollars, while imports rose by 8% and totaled just over 74bn.

Friday, January 24th 2014 - 02:07 UTC

Blatter confident it will be a great Cup, after meeting Brazil president Rousseff

“We will do everything to ensure that this will be the globe's most beautiful World Cup”, said Rousseff

FIFA president Sepp Blatter played down concern about sluggish World Cup preparations on Thursday, even when his deputy warned Curitiba must prove it can finalize work to remain a venue. Blatter met visiting Brazilian President Dilma Rousseff at FIFA headquarters in Zurich and the pair both made positive noises about Brazil's ability to deliver come the big kick-off on June 12.

Thursday, January 23rd 2014 - 21:26 UTC

Panama Canal expansion will be completed in 2015 “no matter what”, says minister

The overall canal upgrade was supposed to cost 5.2 billion and finished this year

Work to enlarge the Panama Canal will be completed in 2015 no matter what, Panamanian Finance Minister Frank De Lima said on Wednesday, despite the continuing feud over cost overruns with contractor GUPC. The Panama Canal authority “has strongly affirmed that the canal would be complete in 2015, with or without” the GUPC consortium, the minister told the media on the sidelines of the World Economic Forum in Davos.

Thursday, January 23rd 2014 - 21:21 UTC

Brazil's vulnerable transport system again exposed as Rio commuter train accident sowed chaos

Broadcasts showed seas of people packed onto narrow train platforms and forming long lines at bus terminals

A commuter train in Rio de Janeiro left the tracks and hit a pole supporting power lines early Wednesday, causing no injuries but sowing widespread chaos across the overburdened public transportation system of Brazil's Olympic city which next June/July will host several World Cup matches.

Monday, January 20th 2014 - 22:04 UTC

Rockhopper finance director steps down but will remain as a consultant

 Peter Dixon-Clarke

Falkland Islands oil and gas exploration company, Rockhopper Exploration confirmed Monday that its finance director, Peter Dixon-Clarke, plans to step down from his position in early 2014.

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