Economy

Friday, October 5th 2018 - 06:41 UTC
Falklands' offshore license relinquished by Noble Energy and Edison

Oil companies Noble Energy and Edison have decided to relinquish their stakes in the PL001 offshore license in the Falkland Islands according to Offshore Energy Today. Argos Resources had held a 100% in the PL001 block before the two companies’ farm-in back in 2015. Argos’ shares fell 30% following the announcement.
Friday, October 5th 2018 - 03:22 UTC
Emir of Qatar in Bs.Aires to meet with Macri over Vaca Muerta

The emir of Qatar, Sheikh Tamim Bin Hamad Al Thani, arrived Thursday evening in Argentina to meet with President Mauricio Macri on Friday to discuss oil investments in Vaca Muerta and other bilateral issues.
Thursday, October 4th 2018 - 18:16 UTC
Argentina makes solar heaters available in 25 zero-interest payments

As a part of Argentina's Energy Saving Program, the Banco de la Nacion Argentina announced a plan of 25 zero-interest payments to purchase solar water heaters through specific participating credit cards for home use.
Thursday, October 4th 2018 - 08:43 UTC
Brazilian markets soar on prospects of a Bolsonaro victory next Sunday

Brazilian markets soared for a second day on Wednesday on an opinion poll confirming right-wing presidential candidate Jair Bolsonaro was gaining steam ahead of Sunday’s vote and was on track to beat his likely leftist rival in a second-round runoff.
Thursday, October 4th 2018 - 08:24 UTC
Argentine Peso strengthens for third day running supported by high interest rate for short term debt

Argentina’s peso rallied for a third straight day on Wednesday, after high-interest short-term debt issued by the central bank soaked up liquidity, a strategy that has raised concern about the sustainability of the country’s program.
Thursday, October 4th 2018 - 08:23 UTC
Juncker insists the EU wants a deal with the UK, despite all the bitter exchanges

European Commission president Jean-Claude Juncker has issued a fresh warning to Theresa May that there must be agreement on the Irish border if she wants a Brexit deal.
Thursday, October 4th 2018 - 07:55 UTC
Spain's Supreme Court confirms jail term for ex IMF chief Rodrigo Rato

Spain’s Supreme Court has confirmed a four-and-a-half year prison sentence for former International Monetary Fund head Rodrigo Rato for misusing a Spanish bank’s corporate credit card.
Thursday, October 4th 2018 - 07:04 UTC
Oil hits new high ahead of US sanctions on Iran supply, and despite Russia and Saudi higher production

Brent crude rose nearly 2% after hitting a four-year high on Wednesday as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
Wednesday, October 3rd 2018 - 08:28 UTC
Brazilian markets surge on strong polling for extreme right Bolsonaro

Brazilian markets surged on Tuesday as stronger polling for far-right presidential candidate Jair Bolsonaro and a Congressional farm caucus endorsement boosted expectations that he may block the leftist Workers Party from returning to power.
Tuesday, October 2nd 2018 - 08:58 UTC
The possible economic options behind Bolsonaro and Haddad

Behind Brazil's polarized presidential election, and unpredictable result, the business class in Latin America's largest economy looking for clear signals of what can be expected as of 2019 either from the former army captain Jair Bolsonaro or from economist Fernando Haddad, handpicked by Lula da Silva as his successor. Hopefully not a choice between “awful” and “extremely awful”