Economy

• Friday, March 9th 2018 - 09:34 UTC

  Eleven Asia-Pacific countries signed a Trans-Pacific Partnership in Chile

  

  Eleven Asia-Pacific countries have just signed the trade pact formerly known as the Trans-Pacific Partnership. Although the US pulled out last year, the deal was salvaged by the remaining members, who signed it at a ceremony in the Chilean city of Santiago.

• Friday, March 9th 2018 - 04:49 UTC

  Falklands' fishing victims of UK Brexit deal, claims Fortuna

  

  “The UK has sold out Falklands fishing for a Brexit era deal,” fishing company Fortuna Ltd Director James Wallace told Penguin News this week. He was replying to much general speculation as to why a Falkland Islands company with a long history of participation in the South Georgia toothfish fishery was refused licenses this season.

• Friday, March 9th 2018 - 04:19 UTC

  Falklands' second commercial air-link: interest from several Brazilian airlines

  

  The Director of Aviation at Aviation Economics Joanna Hunt commenting on the progress of a second commercial air-link to the Falkland Islands has confirmed there has been interest from airlines.

• Thursday, March 8th 2018 - 09:39 UTC

  Trump ready to sign metals' tariffs on Thursday; Mexico and Canada could be spared; Republicans object

  

  Some countries are now likely to be spared from planned tariffs on metals advocated by U.S. President Donald Trump. White House sources said Trump's controversial tariff plan could be put into action at a signing ceremony on Thursday afternoon.

• Thursday, March 8th 2018 - 09:35 UTC

  Argentine central bank anticipates volatility in the money exchange market

  

  Argentines will have to get used to the volatility of the money exchange rate, advised Central Bank president Federico Sturzenegger on Wednesday when the US dollar (a sacred reference for Argentines) reached a new historic high above the 20 Pesos. (Actually 20,69 for retail sales and 20,69 for wholesale operations at the end of trading).

• Wednesday, March 7th 2018 - 09:21 UTC

  EU readies list of US goods to be hit by taxes if Trump imposes tariffs

  

  Motorbikes, whiskey and T-shirts are among the US goods that could be hit by EU taxes if the US imposes import tariffs on steel and aluminum. The EU has drawn up a target list of 100 US goods worth €2.8bn (US$3.5bn), the BBC understands.

• Tuesday, March 6th 2018 - 10:00 UTC

  Trump speaks openly of a “trade war”; links tariffs on steel and aluminum to a redrafted Nafta

  

  U.S. President Donald Trump said on Monday the U.S. is not backing down on its decision to impose 25% tariffs on steel imports and 10% tariffs on imported aluminum products. Before a White House meeting with Israeli Prime Minister Benjamin Netanyahu, Trump suggested Mexico and Canada could be exempted from the planned tariffs if a new and “fair” North American Free Trade Agreement (NAFTA) is reached.

• Tuesday, March 6th 2018 - 09:36 UTC

  Beijing anticipates 6.5% growth, steady rise in foreign trade and prudent and neutral monetary policy

  

  China aims to expand its economy by around 6.5% this year, the same as in 2017, while pressing ahead with its campaign to reduce risks in the financial system, Premier Li Keqiang said on Monday. The goal was kept unchanged even though the economy grew 6.9% last year and exceeded the government's target.

• Tuesday, March 6th 2018 - 09:00 UTC

  Falklands: Public Accounts Committee reviews commodity prices

  

  During its last constitutional review, which concluded in 2008, the Falkland Islands established a Public Accounts Committee (PAC). This was based on such committees elsewhere in the world and has now been in operation for a number of years. It has an independent Chair and community members, though two Members of the Legislative Assembly also sit on the Committee at any point in time.

• Monday, March 5th 2018 - 09:05 UTC

  Falklands second air link: Charter flights could make a second flight a non-issue

  

  The recent statement entitled ‘Progress made towards establishing a second commercial Falkland Islands air link’ released by the Falkland Islands Government and sponsored by the governments of UK and Argentina, has met with a mixed reception in the Islands. While some have expressed favor others have reservations and questions.