Economy

Tuesday, February 6th 2018 - 07:51 UTC
US stocks Monday plunge erasing 2018 gains; economy fundamentals are strong, says White House

United States stocks plunged in highly volatile trading on Monday, with both the S&P 500 and Dow Industrials indices slumping more than 4%, as the Dow notched its biggest intraday decline in history with a nearly 1,600-point drop and Wall Street erased its gains for the year.
Monday, February 5th 2018 - 20:10 UTC
Taxman knocking on Falklands homes: time to present 2017 Income Returns

The Falkland Islands has announced that individual 2017 Income Returns will be issued on 2nd March 2018, and if any individuals do not receive a return by 9 March 2018, and believe they should complete one, please contact the Tax Office on 28470.
Monday, February 5th 2018 - 09:16 UTC
China's finance minister visits Argentina ahead of G20: meeting with Macri

Chinese Finance Minister Xiao Jie, visited Argentina last week where he met with president Mauricio Macri and other officials ahead of the upcoming meeting in Buenos Aires of the G20 finance ministers and central banks governors. There was no official briefing of the different meetings or the interview with Macri in Casa Rosada.
Monday, February 5th 2018 - 09:02 UTC
Scotiabank takes over Citi´s consumer and small business operations in Colombia

Citibank has sold its Colombian consumer and small business operations to Banco Colpatria Multibanca Colpatria S.A, the Colombian subsidiary of leading Canadian financial institution Scotiabank. Citibank operations in Colombia include 500,000 customers, 47 branches, and 424 self-service access points in Colombia. The deal also includes “assumption by Banco Colpatria of Citibank’s workforce,” according to Scotiabank.
Monday, February 5th 2018 - 08:47 UTC
India industry flexes its muscle in UK: extends a hand to post-Brexit

More than a hundred business leaders, parliamentarians, government representatives, and other influential figures gathered in the British Houses of Parliament for a unique event aimed at highlighting the major success stories of UK-India economic cooperation.
Monday, February 5th 2018 - 05:16 UTC
Falklands' oil industry expected to receive an FPSO by 2022

A total of 55 planned and announced floating production, storage, and offloading units (FPSOs) are expected to begin operations by 2022 worldwide, according to a report by GlobalData. In the South American list Brazil figures with 24 FPSOs, plus the Falkland Islands and Guyana with one each.
Sunday, February 4th 2018 - 21:08 UTC
Falkland Islands Government initiate Review of Education Facilities

The Falkland Islands Government last week initiated a review of the educational buildings and facilities in the Falkland Islands. This review has been driven by both internal and community pressure and questions over whether facilities continue to meet the growing needs of the community.
Sunday, February 4th 2018 - 02:02 UTC
What does the Premier Environmental Impact Statement say about the Sealion Oil Field Development to the North of the Falkland Islands

As Mercopress reported, Premier Oil are currently consulting on the Environmental Impact Statement (EIS) for their Sealion Oil Field development sitting 220km to the North of the Falkland Islands in 450 metres of water depth. The formal minimum 42 day consultation period began earlier in the week and only after the Falkland Islands Government agreed via its Executive Council that it could do so.
Saturday, February 3rd 2018 - 10:58 UTC
US payrolls expanded by 200.000 in January, and wages started to creep up

The United States labor market barreled forward in January, as employers added more jobs than expected and wage growth was its strongest in more than eight years. Payrolls in the United States expanded by 200,000 last month, driven by hiring in construction, food services and health care, the US Labor Department said.
Saturday, February 3rd 2018 - 10:53 UTC
US markets suffer their steepest decline since June 2016. Dow Jones fell 2.5%

The blue chip Dow Jones Industrial Average suffered its steepest decline since June 2016 on Friday, amid wider losses in United States markets. The fall came after a string of disappointing earnings reports from giants such as Apple.