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.

Monday, May 25th 2015 - 06:25 UTC

Bachelet underlines close economic and political ties of Chile with China

“I think we are in very good standing to continue making progress in various economic and trade fields” said Bachelet

Chile and China have enjoyed a positive and fruitful relationship and bilateral ties will further develop very strongly in the future, anticipated Chilean President Michelle Bachelet during an interview with Xinhua prior to Chinese Premier Li Keqiang's upcoming visit

Monday, May 25th 2015 - 06:20 UTC

Li Keqiang in Chile pledges to lift strategic partnership to a new height

Li will hold talks with President Bachelet and attend an economic and trade symposium on occasion of the 45th anniversary of bilateral diplomatic ties.

Chinese Premier Li Keqiang arrived in Santiago on Sunday for an official visit to Chile, the first South American country with which China forged diplomatic ties (1970) and also the first Latin American nation with which China signed a free trade agreement.

Sunday, May 24th 2015 - 08:13 UTC

Obama and Putin congratulate Cristina Fernandez and Argentina on 25 May, National Day

Cristina Fernandez at the launching of the May Week celebrations

US President Barack Obama and his Russian counterpart, Vladimir Putin, have sent letters to President Cristina Fernández to salute the head of state and congratulate the Argentine people on the anniversary of the May Revolution.

Saturday, May 23rd 2015 - 10:27 UTC

China and Peru agree to study feasibility of transcontinental railroad

Premier Li Keqiang meets President Ollanta Humala after arriving in Lima

China and Peru have agreed to study the feasibility of a controversial 5,300 km transcontinental railroad that will connect Peru's Pacific coast with Brazil's Atlantic coast, China's official Xinhua News Agency reported.


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