Economy

• Tuesday, July 31st 2018 - 08:19 UTC

  YPF faces a US$ 14 billion lawsuit in the US, dating back to Maxus Energy acquisition

  

  Argentina's hydrocarbons company YPF is facing a fresh lawsuit in the United States, this time for US$14bn, which is twice the market value of the state oil firm, over alleged corporate restructuring that the company was said to have carried out several years ago.

• Monday, July 30th 2018 - 14:29 UTC

  “Immediate beginning” of trade negotiations with EU, announces Trump's chief economic advisor

  

  President Trump's chief economic adviser Larry Kudlow says that trade negotiations with the European Union are set to begin “immediately” following a meeting between Mr. Trump and European Commission President Jean-Claude Juncker. The two agreed to work toward “zero” tariffs and hold off on additional tariffs at the meeting at the White House on Thursday.

• Monday, July 30th 2018 - 12:23 UTC

  The other side of Nicaragua's instability: economic growth could drop from 4.9% to 1%.

  

  Nicaragua's protracted political crisis, which has lasted well over three months, is impairing economic growth, according to the central bank. Central bank chief Ovidio Reyes said the initial 4.9% growth forecast in gross domestic product (GDP) for 2018 could fall as low as 1% if ongoing protests continue to disrupt daily life.

• Saturday, July 28th 2018 - 15:30 UTC

  Falklands operating surplus reaches £38 million; strong corporation tax receipts

  

  The Falkland Islands Government operating surplus now stands at over £38 million, Standing Finance Committee members were informed this week. The large surplus is due to favorable corporation tax receipts, and was arrived at by deducting operating costs of £68 million from the year’s income, which is £106 million.

• 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.