Economy

Saturday, July 28th 2018 - 15:27 UTC
Strong Dollar could cap oil prices

By Irina Slav for Oilprice.com - The strength of the U.S. dollar poses an obstacle to further gains in oil prices. President Trump's trade war with China, which is still in its early stages, has already battered the Yuan.
Saturday, July 28th 2018 - 02:52 UTC
Premier Oil Outline Procurement and Infrastructure Plan in the Falkland Islands

As Mercopress have reported over recent months, Premier Oil continue to progress their Front End Engineering and Design (FEED) process for the Sea Lion oil discovery. As a next step in this process, earlier this week Premier Oil plc provided details of their intended approach to both procurement and infrastructure to support the discovery to the north of the Falkland Islands.
Friday, July 27th 2018 - 14:38 UTC
Venezuela: “opposition accomplice” on a way to a million percent inflation

The speed of economic events in Venezuela limits the possibility of conserving any forecast in the national economy for a long time. And it is that the economic instability in the Caribbean country accelerates as its own inflation against the unproductively of the state oil company, PDVSA.
Friday, July 27th 2018 - 08:45 UTC
BRICS implicit support for China in its trade dispute with United States

Five of the biggest emerging economies on Thursday stood by the multilateral system and vowed to strengthen economic cooperation in the face of US tariff threats and unilateralism. The heads of the so-called Brics – Brazil, Russia, India, China and South Africa – met for an annual summit dominated by the risk of a global US- led trade war, although leaders did not publicly mention President Donald Trump by name.
Friday, July 27th 2018 - 08:21 UTC
G20 agriculture ministers meet in Buenos Aires to address food and farming challenges

G20 agriculture ministers begin this Friday in Buenos Aires a two day meeting to draw up a roadmap to achieve a sustainable food future, one of the three priorities of the Argentine G20 presidency. These include comprehensive and responsible soil management, food waste reduction and the role of technology in agriculture.
Thursday, July 26th 2018 - 19:47 UTC
Falklands chooses Latam as preferred operator for a second flight

The Chilean/Brazilian Latam airline has been chosen by the Falkland Islands Government as the preferred operator to provide a second commercial flight between the Falkland Islands and South America. The official announcement was made on Thursday, 26 July.
Thursday, July 26th 2018 - 15:18 UTC
Argentine exports prime cuts of beef to Japan

Argentina has shipped its first ever beef exports to Japan. Exporter Fridevi (Frigorífico de Viedma) shipped two hundred kilos of beef prime cuts on Monday, with another 10 tons scheduled for export in the coming days.
Thursday, July 26th 2018 - 06:49 UTC
Ireland warns UK “cannot afford” to leave the EU without a deal; suggests extending deadline

Irish Foreign Minister Simon Coveney has warned that the UK “cannot afford” to leave the EU without a deal. Speaking to the Today Program Mr Coveney described talk of the UK “crashing out of the EU” as “bravado”.
Thursday, July 26th 2018 - 06:02 UTC
Trump and Juncker agree to talk trade and tariffs; German industry remains cautious

A top German industry group gave a cautious welcome to solutions proposed by U.S. President Donald Trump and European Commission President Jean-Claude Juncker to avert a trade war, but warned that U.S. auto tariffs were not completely off the table yet.
Thursday, July 26th 2018 - 05:50 UTC
China calls on BRICS members to uphold multilateralism and reject protectionism

President Xi Jinping called on BRICS members to uphold multilateralism and improve global governance. Trade wars should be rejected because there will be “no winner”, and those who pursue such a course “will only end up hurting themselves,” the Chinese leader said at the BRICS summit in Johannesburg on Wednesday.