Economy

• Friday, March 16th 2018 - 09:41 UTC

  Argentina preparing its first offshore licensing round in the South Atlantic

  

  Argentina plans to launch its first offshore licensing round in almost three decades this year, as it seeks to widen exploration for longer-term production growth, Energy Minister Juan Jose Aranguren said on Thursday.Round One will be launched in June or July for 240,000 sq km in three zones of the continental shelf, Aranguren said on the sidelines of The Economist's Argentina Summit in Buenos Aires.

• Friday, March 16th 2018 - 03:11 UTC

  Falklands plans fishing talks with Argentina after more than a decade

  

  Exchanges of information between the Falkland Islands and Argentina about fish and squid stocks could begin again before the middle of this year, if all parties are in agreement. Director of Natural Resources John Barton said: “Dialogue with Argentina on the conservation of shared marine resources has the potential to allow for better management of shared fish stocks and improve sustainability of such stocks.”

• Thursday, March 15th 2018 - 09:10 UTC

  US tariffs controversy: Temer urges a “friendly” solution before filing a complaint at WTO

  

  President Michel Temer said on Wednesday that Brazil will respond with caution to planned U.S. tariffs on steel and aluminum to avoid hurting ties with its second-largest trade partner. But if talks fail, the president emphasized, Brazil will not hesitate to take a complaint to the World Trade Organization.

• Thursday, March 15th 2018 - 06:51 UTC

  UK, Argentina and Falklands closer to agreeing on fisheries cooperation

  

  The United Kingdom, Argentina and the Falkland Islands are closer to agreeing on South Atlantic fisheries improved cooperation, for the conservation of shared resources as once existed with regular joint scientific cruises.

• Wednesday, March 14th 2018 - 09:27 UTC

  German industry want UK in a customs union after Brexit

  

  German firms ideally want the UK to stay in a customs union after Brexit, a powerful German industry group says. BDI said it would prefer a deep form of integration between Britain and the EU after Brexit. It had previously said the integrity of the single market for remaining European Union member states should be a priority.

• Wednesday, March 14th 2018 - 09:15 UTC

  Argentina central bank leaves basic rate unchanged to combat inflation

  

  Argentina's central bank left the basic interest rate unchanged at 27.5%, a clear signal that inflation remains the main challenge of the country's monetary policy. The bank also revealed that last week it intervened in the local market with 400 million dollars to keep the US dollar in the range of 20/20,50 Pesos to the greenback.

• Monday, March 12th 2018 - 16:34 UTC

  Falkland Islands: It's Time for Adventure!

  

  The Falkland Islands...one of the last great wilderness destinations on the planet, where your trip becomes an adventure. Four wheel drives are our mode of transport, and our little planes will take you to islands abundant with penguins, albatrosses and petrels that are there for you alone to discover and enjoy.

• Monday, March 12th 2018 - 09:33 UTC

  Hammond: no end to austerity: surpluses will be used to lower UK debt

  

  British Chancellor Philip Hammond has rejected calls by Labour and some Conservatives to announce the end of austerity in his spring statement on Tuesday. He is expected to unveil the smallest budget deficit since 2002, thanks to better than expected public finances.

• Friday, March 9th 2018 - 11:39 UTC

  Sharp reaction from Asian nations to Trump's tariffs on steel and aluminum

  

  Major Asian nations reacted sharply to U.S. President Donald Trump's decision to impose tariffs on steel and aluminum imports on Friday, warning of damage to relations amid industry calls for retaliation.

• Friday, March 9th 2018 - 09:41 UTC

  Global shipping rules to cut sulfur pollution anticipate higher volatility in fuel markets

  

  Global hydrocarbons companies and traders are bracing for higher volatility in fuel markets as they expect refiners to process more light crude oil in the lead-up to new rules aimed at slashing the use of dirty high-sulfur fuel oil in global shipping.