Stories for August 29th 2017

Tuesday, August 29th 2017 - 19:19 UTC
UK and German commerce chambers call on Brexit negotiators to concentrate on “business issues”

Shared economic interests must be a priority in the Brexit negotiations, UK and German trade bodies have urged. The British Chambers of Commerce (BCC) and the Association of German Chambers of Commerce (DIHK) said uncertainty over “business critical” issues such as workers' rights, tax and customs arrangements needed to be tackled.
Tuesday, August 29th 2017 - 19:08 UTC
Norway's Statoil joins YPF to explore for hydrocarbons in Vaca Muerta shale

Norway's Statoil, STO and YPF announced an agreement to explore hydrocarbons in the Vaca Muerta shale. Under the terms of the agreement, Statoil will enter the Bajo del Toro license block with a 50% interest. YPF will retain a 50% share and will remain the operator.
Tuesday, August 29th 2017 - 11:36 UTC
Premier Oil expects 2017 production in the range of 75.000/80.000 boepd

Premier Oil has lifted its full-year production guidance as well as estimated resources at a huge oilfield it discovered off the coast of Mexico. Premier Oil, the operations of which stretch from Indonesia to the Falkland Islands, now expects 2017 production in the range of 75,000-80,000 barrels of oil equivalent per day (boepd), up from the previous forecast of 75,000 boepd, thanks to its strongly performing North Sea fields.
Tuesday, August 29th 2017 - 11:30 UTC
Brazil limits discretionary subsidies through government banks lending

Brazil’s lower house of Congress approved the main text of a bill creating a market-based benchmark interest rate for state lender BNDES, in a victory for President Michel Temer. The lower house will now have to analyze three potential amendments to the bill early on Tuesday before sending the measure to a final Senate vote, speaker Rodrigo Maia told reporters.
Tuesday, August 29th 2017 - 11:21 UTC
Popular painkiller Ibuprofen raises risk of cardiac arrest, according to Danish researchers

Taking ibuprofen to ease a headache may seem like no big deal, but Danish researchers caution against overdoing it. A study in the European Heart Journal suggests that ibuprofen, one of the most popular painkillers, raises a person's risk of cardiac arrest by 31%.
Tuesday, August 29th 2017 - 11:03 UTC
Go ahead to build two dams in Patagonia's Santa Cruz, financed by China

Argentina’s government approved the construction of two hydroelectric dams in the southern Patagonia region province of Santa Cruz, after holding public hearings as required by the Supreme Court, according to a notice in the Official Gazette on Monday.
Tuesday, August 29th 2017 - 10:55 UTC
Confusion with £1 coins; new 12-sided replacement is being returned by mistake

Efforts to phase out the old £1 coin are being hampered by companies who are returning the new 12-sided replacement by mistake. The old round pound ceases to be legal tender on 15 October, with a billion taken out of circulation already. But the removal process is being slowed down because about half of the £1 coins sent back are actually the new style, cash management company Vaultex says.
Tuesday, August 29th 2017 - 10:45 UTC
YPF shake up: CEO replaced with a six-member executive committee

The chief executive officer of Argentina’s state-owned oil company YPF has resigned and a six-member executive committee will run the company. The company did not name a replacement for CEO Ricardo Darre, who had held the job since July of last year. Darre, an engineer, had previously worked for French oil company Total in the United States.
Tuesday, August 29th 2017 - 08:15 UTC
Urgent meeting of the UN Security Council to address North Korean missile launch

The United Nations Security Council will meet late Tuesday to discuss the latest North Korea missile launch. North Korea fired a ballistic missile that passed over Japan early Tuesday local time, Prime Minister Shinzo Abe told reporters.
Tuesday, August 29th 2017 - 07:56 UTC
South Korean forces military exercises with live ammunition next to the DMZ

South Korean President Moon Jae-in ordered his country's military on Tuesday to display its capabilities that can overwhelm North Korea should the communist state decide to attack, the presidential office Cheong Wa Dae said.