Economy

Saturday, November 18th 2017 - 08:11 UTC
Trump tax cuts bill passes the House, but the Senate is another story

House Republicans have passed a controversial overhaul of the US tax code that slashes corporate rates. The vote came after US President Donald Trump made a rare visit to Congress to rally lawmakers around the tax overhaul plan. The Senate is working to build support for its own version of the bill, but one Republican has said he is a 'no'.
Friday, November 17th 2017 - 08:11 UTC
NAFTA gives priority to technical talks to avoid open political clashes

The politicians overseeing the renegotiation of NAFTA won't be meeting face to face at the end of this round of talks, unlike the previous four rounds of discussions.
Friday, November 17th 2017 - 08:03 UTC
Petrobras counts on pre-salt production to compete with a boom in US shale output

Brazil's low-cost oil will help Petrobras compete in a tough market as it seeks to turn around its business, Pedro Parente, CEO of the state-owned oil giant anticipated. Oil majors such as Exxon, Mobil, BO, Royal Dutch Shell, Total and Statoil have been snapping up blocks in the Atlantic Ocean off the coast of Brazil that hold crude under thousands of meters of salt.
Thursday, November 16th 2017 - 19:09 UTC
Petrobras shares plunge after disappointing third quarter earnings

Shares of Brazil’s Petrobras plunged 7.8% on Tuesday a day after the state-controlled oil company reported disappointing third-quarter earnings. The company also announced that during October oil production remained stable but gas was down 1.5%
Thursday, November 16th 2017 - 19:01 UTC
October inflation in Argentina reaches 1.5% and 19,4% in ten months

Argentina’s consumer prices rose 1.5% in October, government statistics agency Indec said on Tuesday, bringing 10-month inflation to 19.4%. It was the second month in a row that cumulative inflation for 2017 was above the upper band of the central bank’s target range for inflation, between 12% and 17% this year. Private sector economists expect inflation of 23% this year and 16% in 2018.
Thursday, November 16th 2017 - 15:15 UTC
Falklands announces new Legislative Assembly and portfolios assigned

The new Legislative Assembly of the Falkland Islands has been announced, following the General Election which concluded on Thursday 9th November.
Thursday, November 16th 2017 - 09:54 UTC
Key ally of Merkel more optimistic about Brexit after meeting Theresa May

Manfred Weber, a leading lawmaker in the European Parliament and head of the European People Party, said on Wednesday he was more confident about Britain and the European Union ironing out difficulties in the Brexit talks.
Thursday, November 16th 2017 - 09:41 UTC
Luxury Silver Cloud sets off for Antarctica with a call in the Falklands

Luxury line Silversea's 254-passenger Silver Cloud has set sail on its first voyage after a massive makeover designed to turn it into the most elegant polar expedition vessel at sea.
Thursday, November 16th 2017 - 09:30 UTC
Argentina en route to becoming region's leading producer and exporter of “white petroleum” lithium

Argentina is disputing with Chile South America’s top producer of the mineral lithium, a key ingredient for the production of electric cars and its rechargeable batteries allowing them to retain energy far longer, and as a consequence its price has soared more than 30% to a record US$ 12.000 a ton this year.
Thursday, November 16th 2017 - 09:08 UTC
Russia gives Venezuela a hand and restructures US$ 3.15bn debt over a 10-year period

Russia and Venezuela signed a debt restructuring deal on Wednesday allowing Caracas to make “minimal” payments to Moscow in the next six years to help it meet obligations to other creditors, the Russian Finance Ministry said. Under the deal, Venezuela will pay Russia back a total of US$ 3.15 billion over a 10-year period, the ministry said.