Economy

Thursday, November 30th 2017 - 08:57 UTC
Theresa May: Brexit bill “still in negotiations”; rules out paying “huge sums to the EU every year”

British Prime Minister Theresa May insisted on Wednesday there is still no agreement on the UK's Brexit bill despite reports British officials have committed up to £50bn to the EU. British newspapers reported on Tuesday that an agreement had been reached on the divorce bill and mentioned 50bn Euros.
Thursday, November 30th 2017 - 08:46 UTC
London prepared to devolve powers to Belfast as part of Brexit deal, reports The Times

Britain is considering devolving certain powers to Northern Ireland to avoid the possibility of a hard border with the Republic of Ireland after Brexit, according to a report from The Times.
Thursday, November 30th 2017 - 07:16 UTC
Argentina cuts taxes on imported electronic products: challenge for Tierra del Fuego industry

Argentina cut taxes on electronics products in a bid to lower consumer prices, the government said in its official gazette on Wednesday, after reaching a deal with companies and workers in the southern manufacturing hub of Tierra del Fuego.
Wednesday, November 29th 2017 - 08:23 UTC
FIH Group posted record revenue pushing profits 38%

Falkland Islands services firm FIH Group posted record group revenue in the six months leading to 30 September, pushing profits ahead by 38%. Group revenue edged up to £20.6m from the £19.8m posted at the same time a year earlier, helping lift pre-tax profits 38% to £1.4m.
Wednesday, November 29th 2017 - 08:10 UTC
Fed chief candidate anticipates US economy is ready to end “accommodation”

Jerome “Jay” Powell, President Donald Trump's pick to lead the US central bank, the Federal Reserve, is about to become “the most important economic policymaker in the world”. At least that's how one senator put it at Powell's confirmation hearing in Washington on Tuesday.
Wednesday, November 29th 2017 - 07:53 UTC
Scotiabank en route to becoming Chile's third largest private bank

Bank of Nova Scotia is pushing deeper into Latin America with a US$2.2-billion bid for control of a Chilean rival, looking to ignite its growth as the bank's fourth-quarter profit edged higher but missed expectations.
Wednesday, November 29th 2017 - 07:39 UTC
EU and London reach agreement on Brexit “divorce bill”, says Daily Telegraph

Westminster has reached an agreement with Brussels, in principle, on its so-called Brexit 'divorce bill', according to the Daily Telegraph. The report saw Sterling rapidly cut its losses to trade 0.24% higher at 1.3351, which was up from an intraday low of 1.3220.
Wednesday, November 29th 2017 - 07:09 UTC
Theresa May updates BOTs leaders on Brexit, financial services and reconstruction efforts

A delegation from the Falkland Islands attended on Tuesday 10 Downing Street where Prime Minister Theresa May welcomed leaders from ten British Overseas Territories Street for the start of their annual Joint Ministerial Council meeting. The Falklands' were represented by lawmakers MLA Teslyn Barkman, MLA Roger Edwards and Sukey Cameron OBE, Falklands government representative in London.
Tuesday, November 28th 2017 - 09:21 UTC
Total begins oil production in the giant Libra field in Brazil's pre-salt zone

The giant Libra field in Brazil’s pre-salt zone has started producing oil, French Total said on Monday without providing details about the production rate at the field.
Tuesday, November 28th 2017 - 07:01 UTC
Falklands and other BOTs leaders scheduled to meet with PM Theresa May

Leaders from eleven British Overseas Territories, BTO, including the Falkland Islands will be meeting with Prime Minister Theresa May on Tuesday as part of the Overseas Territories Joint Ministerial Committee, which begins in London, according to a release from 10 Downing Street.