Economy

• Friday, January 24th 2020 - 07:54 UTC

  Philanthropist Soros pledges 1 billion dollars in support of civil society; criticizes Trump, Xi and Putin

  

  US financier and philanthropist George Soros on Thursday pledged one billion dollars for a new university network project to battle the erosion of civil society in a world increasingly ruled by “would-be and actual dictators” and beset by climate change.

• Thursday, January 23rd 2020 - 19:30 UTC

  Falklands' oil company lays out plans for production: 85.000 bpd at peak output

  

  At peak oil production from the Falkland Islands offshore Sea Lion oil field, Premier Oil is hoping for 85,000 barrels of oil per day. Over 20 years they anticipate 255 million barrels of oil in a medium-case scenario.

• Thursday, January 23rd 2020 - 19:29 UTC

  Falklands/Argentine fisheries scientific meetings unlikely to take place

  

  A UK/Falklands-Argentina meeting of the South Atlantic Scientific Sub-Committee scheduled for January is “unlikely” to take place, the Falklands lawmaker MLA Teslyn Barkman told Penguin News. The prospect of this happening and “taking Britain out of the comfort zone enjoyed” until now, had been advanced by Mercopress.

• Thursday, January 23rd 2020 - 12:08 UTC

  Buenos Aires province bond mired in controversy over honoring repayment

  

  Argentine sovereign and provincial bonds dipped on Wednesday as the provincial government in Buenos Aires was forced to extend a deadline for creditors to agree or reject a plan to delay a US$ 250 million bond repayment originally due on Jan. 26.

• Thursday, January 23rd 2020 - 11:58 UTC

  Argentina sends “debt sustainability” bill to Congress to restructure interest and capital payments

  

  Argentina’s government of Alberto Fernandez is seeking to push through legislation to help solve a mounting debt crisis as the country struggles to make repayments to global creditors.

• Thursday, January 23rd 2020 - 08:54 UTC

  Argentina's ongoing dispute with hedge funds: a legal battle won but it's a long conflict

  

  A U.S. District Judge dismissed the latest lawsuit filed by Aurelius Capital against Argentina over debt. In January 2019 Aurelius Capital Master Ltd., filed in Manhattan a breach of contract suit against Argentina, related to various U.S. dollar tied, GDP-linked securities issued by the South American country in 2005 and 2010.

• Wednesday, January 22nd 2020 - 07:38 UTC

  Argentina needs dollars and will strongly promote tourism; 625.000 cruise visitors expected this season

  

  Argentina is considering the updating and redesign of port infrastructure in Buenos Aires to help improve docking facilities for cruise vessels. The announcement was done by Transport minister Mario Meoni given the growing number of tourists arriving at the Argentine capital.

• Wednesday, January 22nd 2020 - 07:13 UTC

  Guyana ships its first ever cargo of one million barrels of oil

  

  A vessel carrying Guyana’s first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation’s long-awaited debut as an oil exporter.

• Tuesday, January 21st 2020 - 08:10 UTC

  Chinese beef importers seeking to renegotiate prices with suppliers from Brazil and Uruguay

  

  Chinese beef importers are seeking to renegotiate prices previously agreed when they closed deals to buy dozens of shipments from Brazil and Uruguay because values are too high, according to a report in the online edition of local newspapers on Monday.

• Tuesday, January 21st 2020 - 08:01 UTC

  Argentina manages to swap treasury bills rescheduling the repayment calendar

  

  Argentina’s economy ministry said on Monday it had exchanged Treasury bills with an original face value of 99.6 billion pesos (US$1.66 billion) in a debt swap auction to help push back its repayment schedule amid a wider economic crisis.