Economy

Wednesday, July 4th 2018 - 21:55 UTC
UK beneficial ownership vote alarms Overseas Territories; financial services vital for several islands

A vote by the UK parliament to insist that Britain’s Overseas Territories introduce publicly available beneficial ownership registers by December 31, 2020, has sparked anger and dismay within these autonomous, mainly small island, jurisdictions.
Wednesday, July 4th 2018 - 09:16 UTC
Falklands' ambitious capital program begins with construction of accommodation for 100/200 overseas labor

The Falkland Islands Government has set out an ambitious program to deliver significant capital and infrastructure projects over the next five years. These projects include a new power station, the development of a new port, improvements at the MPA passenger terminal, a Vulnerable Persons Unit and expansion of the King Edward Memorial Hospital.
Wednesday, July 4th 2018 - 08:43 UTC
UK government to publish details of the fishing industry after Brexit

The UK government is to publish details of how it wants to manage the fishing industry after Brexit. Ministers promised the UK would “take back control of our waters” when it leaves the EU's Common Fisheries Policy.
Wednesday, July 4th 2018 - 08:29 UTC
Bolivia invites India to develop lithium reserves, essential for electric vehicles and smart phones

Bolivia, known to have the largest reserves of lithium, has offered the metal –used in making batteries of electric vehicles, laptops and smart phones– to India. Ambassador to India, Sergio Dario Arispe Barrientos, said Bolivia has the largest deposit of Lithium and India could explore this opportunity.
Wednesday, July 4th 2018 - 08:13 UTC
Argentina reveals financial needs; stock market and the Peso rebound

Argentina will need to raise a net US$ 8 billion in the domestic debt market in 2019 to meet financing needs that include a US$ 7.4 billion primary deficit and US$ 25 billion in debt principal and interest payments, according to a Treasury Ministry document.
Tuesday, July 3rd 2018 - 08:27 UTC
EU/US auto industry dispute intensifies and prepares for worst case scenario

European Union on Monday slammed the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some US$ 300 billion in U.S. goods amid signs of a brewing trade war.
Tuesday, July 3rd 2018 - 08:08 UTC
Shrimp landings in Argentine reach 68.000 tons

Shrimp (Pleoticus muelleri) landings in Argentina accumulated during the first half of this year are somewhat lower than those for the same period last year. According to the preliminary figures, up to 21 June, released by the Argentine Under-Secretariat of Fisheries, 68,081 tons had been unloaded, compared to about 87,400 tons landed between January and June 2017, which was a record year.
Tuesday, July 3rd 2018 - 07:51 UTC
British Chamber of Commerce says firms running out of patience with Brexit talks

Firms are running out of patience over the lack of progress in the Brexit talks, a major business organization has warned Theresa May. The British Chambers of Commerce has published a list of 23 “real-world” questions that it says urgently need answers as the UK's EU exit approaches.
Tuesday, July 3rd 2018 - 07:33 UTC
Argentina hikes bank reserves; Peso gains 1.9% vs the dollar and settles at 28.3

Argentina's central bank said on Monday that it hiked bank reserve requirements by 3 percentage points, following a hike of three percentage points on June 18 as monetary policymakers seek to calm inflation and end a run on the peso currency. The Peso gained 1.9% on Monday against the dollar.
Tuesday, July 3rd 2018 - 07:26 UTC
Argentina plans to free fuel prices starting in August

Argentina will allow fuel retailers to freely set pump prices starting in August, according to an Energy Ministry official familiar with the plan, a move that could encourage badly needed investment in the nation's oil patch but risks worsening sky-high inflation and angering consumers.