Economy

Monday, August 27th 2012 - 04:01 UTC
Merkel queen of the hill: strong support for stance on heavily indebted countries

Support for Chancellor Angela Merkel's conservatives has nudged higher, an opinion poll showed, but the weakness of two smaller parties highlights the trouble she may face building another centre-right coalition after Germany's 2013 election.
Friday, August 24th 2012 - 06:14 UTC
YPF announces massive exploration program and calls on private investors

Argentina’s nationalized oil and gas corporation YPF announced it has plans to drill 250 wells in the next five years to further advance the country’s “hydrocarbons frontier”. During a presentation at a posh hotel in Buenos Aires under the heading of “Argentine Exploration Plan”, YPF CEO Miguel Galuccio called on investors to trust him and support the plan.
Friday, August 24th 2012 - 06:03 UTC
Argentina blasts the credit-risk agencies and warns of global “anarchy-capitalism”

Members from the Argentine government defended the “Kirchner inclusive development model” and blasted the credit-risk rating agencies while warning of the existence of a financial “anarchy-capitalism” which is suffocating the economies of the world.
Friday, August 24th 2012 - 05:15 UTC
Colombia changes Finance minister but confirms open-economy business friendly policy

Colombian President Juan Manuel Santos moved Energy Minister Mauricio Cardenas to head the finance post on Thursday in a surprise move. At the midpoint of his four-year term, Santos asked all 16 ministers to resign, including Finance Minister Juan Carlos Echeverry, and set the stage for a cabinet shuffle aimed at shoring up his slumping approval ratings.
Friday, August 24th 2012 - 01:19 UTC
Desire Petroleum assesses potential of its North Falkland Basin strategic prospects

In an update of the recently completed six well exploration program Falkland Islands’ Desire Petroleum reports it has new 3D seismic acquisition of several of its North Falkland prospects which are currently under evaluation to provide a full prospects’ inventory.
Friday, August 24th 2012 - 01:12 UTC
First half of 2012; “very significant development period” for Falkland Oil and Gas

The AIM listed company Falkland Oil and Gas Ltd reflected on Thursday on the progress made in the first half of the year when it managed a significant equity placing and negotiations for two farm-out deals which helped with a cash-balance of over 220 million dollars.
Friday, August 24th 2012 - 00:58 UTC
US jobs market remains bearish; Fed says recent economic data stronger

The number of US citizens filing new claims for jobless benefits unexpectedly rose last week, suggesting the labour market is healing too slowly to make much of a dent in the unemployment rate. However an official from the Federal Reserve said US economic data in recent weeks had improved.
Friday, August 24th 2012 - 00:48 UTC
Argentina challenges the US in trade and reaffirms current economic policies

The administration of President Cristina Fernandez again challenged the United States on the “trade restrictions in place against Argentine products” which it claims are part of “a protectionist policy inconsistent with from the World Trade Organization”.
Thursday, August 23rd 2012 - 20:39 UTC
Company confirms abundant gas condensate in south Falklands and prepares new drilling program

Shares in Borders and Southern soared almost 20% on Thursday as the company revealed positive findings from the analysis of condensate fluids from its Darwin discovery well in the south of the Falkland Islands where it plans to continue appraisal drilling in 2014.
Thursday, August 23rd 2012 - 06:38 UTC
Argentina promulgates tax data exchange bill, but Uruguay still has to vote it

The Argentine government on Wednesday promulgated the tax agreement reached with Uruguay geared to lower fiscal evasion and elusion plus avoiding double taxing for residents from the neighbouring countries.