Stories for November 2010

Friday, November 19th 2010 - 01:54 UTC
Goldman Sachs makes a positive near term appraisal of Falklands’ oil industry

The Falkland Islands will continue to be an important focus for European exploration and production (E&P) oil and gas investors in the near term, according to research by Goldman Sachs.
Thursday, November 18th 2010 - 21:48 UTC
Russia plans to collect 33 billion USD in three year privatization plan

The Russian government approved a three year (2011/2013) privatization plan paving the way for a sale of federal assets which could yield 1 trillion roubles (33 billion US dollars), Economic Development Minister Elvira Nabiullina said in Moscow following a cabinet meeting.
Thursday, November 18th 2010 - 21:16 UTC
Full blown campaign to garner support for Raúl’s Cuban model reforms

The Cuban government has launched an aggressive campaign on its proposed economic reforms as it tries to whip up public opinion enthusiasm and in its own ranks ahead of a Communist Party congress to approve them in April.
Thursday, November 18th 2010 - 20:53 UTC
Alaska to Ushuaia in an electric car developed at the Imperial College London

An electric sports car developed by European engineers has finished a remarkable 26.000 kilometres road trip on the Panamerican Highway, travelling from near the Arctic Circle in Alaska to the world's southernmost city, Ushuaia without a single blast of carbon dioxide emissions.
Thursday, November 18th 2010 - 20:33 UTC
Argentina/Paris Club debt negotiations have a deadline: April 2011

Finance Secretary Hernán Lorenzino said Argentina wants to successfully conclude negotiations with the Paris Club Group of creditor nations involving 6.7 to 8 billion US dollars in defaulted debt before April.
Thursday, November 18th 2010 - 19:53 UTC
Latinamerica “business climate” steady and in “cautious boom” phase

Chile, Peru and Uruguay rank as the countries with the best business climate according to a report from the Brazilian foundation Getulio Vargas, FGV. The October report released this week ranks Chile with 7.5 points; Peru, 7.1; Uruguay, 7; Brazil, 6.8; Colombia, 6.8; Paraguay, 6.5; Argentina, 5.9 and Bolivia, 5.6.
Thursday, November 18th 2010 - 18:53 UTC
EU unveils plans for a “greener” 60 billion Euro Common Agricultural Policy

EU farm spending, worth almost 60 billion Euros annually, should no longer be based on previous subsidy levels for farmers, the European Commission has said. But subsidies are still needed to protect Europe's food supplies and rural diversity, it believes.
Thursday, November 18th 2010 - 18:51 UTC
UK banks’ exposure to Irish lenders above £ 139 billion

Ireland's banking problems are likely to have a direct effect on the United Kingdom's battered institutions. According to the Bank of International Settlements, UK banks have a total exposure to Irish lenders of 222 billion US dollars (£139bn).
Thursday, November 18th 2010 - 18:35 UTC
Ireland’s dilemma: sovereign solvency or rescuing the banking system

Emergency talks were being held in Dublin overnight as fears about Ireland’s ailing banking system forced the deployment of a team from the European Union, the International Monetary Fund and the European Central Bank.
Thursday, November 18th 2010 - 17:08 UTC
UK promises stronger and closer relationship with Overseas Territories

A wide range of issues of mutual interest and concern were addressed by the UK Minister for the Overseas Territories Henry Bellingham and leaders from the Overseas Territories. The OTs Consultative Council is currently meeting in London.