Economy

Tuesday, August 19th 2014 - 09:16 UTC
Falklands pricing for valuation of hydrocarbons will follow Norwegian model

The Falkland Islands has an oil legislation regime that is robust and encourages investment, believes Financial Secretary Nicola Granger. Details of a law firm’s report to the Falkland Islands Government (FIG) on tax legislation in relation to the oil and gas industry, and recommendations to Government by Ms Granger, were released to the public this week in a paper that outlines the report from Freshfields Bruckhaus Deringer LLP.
Tuesday, August 19th 2014 - 08:57 UTC
Cattle rustling an everyday issue in Uruguay, claim farmers

Cattle rustling in Uruguay has become a daily issue and it's unfair that farmers should be forced to change of activity because “justice is lenient” when and if the perpetrators are caught, claimed the president of Uruguay's Rural Association, ARU, Ruben Echeverria.
Tuesday, August 19th 2014 - 08:51 UTC
Uruguay's 2014/15 wool clip estimated in 30 million kilos

Uruguay's 2014/15 wool clip has been estimated at 30 million kilos, a volume similar to that of 2013/14, according to numbers discussed in a recent meeting of sheep farmers, government and regional officials to address prospects for the industry.
Monday, August 18th 2014 - 07:19 UTC
US Panama Canal workers recall and celebrate the century old feat

The 100th anniversary of the opening of the Panama Canal, hailed at the time as one of the world's great wonders, has inspired a celebration in central US state Florida to showcase the experience of the US canal workers behind the engineering feat.
Monday, August 18th 2014 - 07:16 UTC
Mixed data from China, and doubts about the 7.5% growth target for 2014

China's latest industrial production and retail sales figures are higher in July from one year ago but the pace of expansion has slowed. Industrial production, a measures of output at factories, workshops and mines jumped 9% in July, compared to a 9.2% rise in June. Retail sales in July rose by 12.2%. But that's also below June's 12.4% spike.
Monday, August 18th 2014 - 07:11 UTC
Strong sales of Jaguar and Land Rover help boost Tata profits

Tata Motors has reported a big jump in profits thanks to strong sales at its Jaguar Land Rover business. Net profits at India's biggest carmaker tripled to 53.98bn rupees (882m dollars) in the three months to the end of June, far more than analysts had expected. Revenue grew by almost 40%.
Monday, August 18th 2014 - 06:35 UTC
Exodus: a million more Puerto Ricans on mainland US than in the island

A new study has found that Puerto Rico has undergone such a dramatic population shift that there are now over a million more Puerto Ricans on the US mainland than on the US island territory. The Pew Research Center study showed that between 2010 and 2013, more people left Puerto Rico for mainland US than those who left in the 1980s or 1990s.
Saturday, August 16th 2014 - 11:59 UTC
Brazil on the ledge of recession as activity drops sharply in June

Economic activity in Brazil dropped sharply in June as the World Cup football tournament shut down shops and factories across the country, adding to signs Latin America's largest economy slipped into recession.
Saturday, August 16th 2014 - 11:32 UTC
Trust in Argentine reliability has vanished, as a result of the bonds' litigation

Debt talks on Argentina’s defaulted bonds in the hands of holdout hedge funds ultimately collapsed this week due to disagreements over prices and the absence of a government guarantee to honor payments on the paper, sources close to the discussions said.
Saturday, August 16th 2014 - 09:01 UTC
Argentine Euro-bond holders have appealed Griesa's ruling blocking payment

Holders of Euro-denominated Argentine bonds have appealed judge Thomas Griesa's ruling blocking Argentina from making payments on their debt, according to a court filing.