Economy

• Saturday, July 22nd 2017 - 22:17 UTC

  Growing significance of trade with Latin America for India

  

  (*)By R. Viswanathan - For those who think that Latin America is too far and cost of freight is too high and therefore the region should be less important for India’s trade, here is the eye opener from the 2016-17 (April-March) statistics of the Commerce Ministry of India.

• Saturday, July 22nd 2017 - 11:31 UTC

  New Lib-Dem leader pledges “exit from Brexit” and calls to capture “gigantic space” in British politics

  

  Sir Vince Cable has become the new leader of the Liberal Democrats with a promise to offer voters the possibility of an “exit from Brexit” through a second referendum on EU membership. The former business secretary took up the role after nominations for the post closed without him facing any challengers, becoming, at 74, the oldest leader in the party’s history.

• Saturday, July 22nd 2017 - 08:13 UTC

  Falklands' 2016 Census (I): Population 3.200; Camp increased 9%, for the first since 1950s'

  

  The Falkland Islands government Policy and Economic Unit has released the 2016 Census Report (*) which indicates that the total number of people counted in the Islands on census night, 9 October 2016, was 3,354. This figure includes visitors to the Islands and people who are not normally resident in the country, for example tourists or crew on vessels in Falklands waters on census night.

• Friday, July 21st 2017 - 08:49 UTC

  Brexit second round with EU ends with “fundamental disagreements”

  

  The second round of Brexit talks has ended with “fundamental” disagreements remaining between Britain and the European Union on citizens’ rights and a stand-off over the so-called “divorce bill”.

• Thursday, July 20th 2017 - 23:46 UTC

  Following days of leaks and 'backbiting', Theresa May calls for responsibility from the cabinet

  

  Britain's embattled Prime Minister Theresa May has urged senior ministers to come together and keep the details of their meetings private in an effort to halt the leaks emanating from government officials. May made the plea Tuesday after a week in which British media has been awash with stories quoting unnamed cabinet sources as well as constant speculation over her leadership.

• Thursday, July 20th 2017 - 20:51 UTC

  Argentina posts a primary fiscal deficit of 1.5% of GDP

  

  Argentina posted a primary fiscal deficit of 144 billion pesos (US$8.4 billion), or 1.5% of GDP in the first half of 2017, Treasury Minister Nicolas Dujovne said on Wednesday, beating the government target for a gap of 2% of GDP. The primary fiscal deficit was 103 billion pesos in the second quarter, compared with 41 billion pesos in the first quarter.

• Thursday, July 20th 2017 - 09:54 UTC

  Top oil companies plan to invest US$ 1.15bn in Patagonia's shale formation

  

  BP unit and subsidiaries of France’s Total and Germany’s Wintershall have signed an investment agreement with Argentina’s state-run oil company YPF to jointly invest US$1.15 billion in the Vaca Muerta shale formation in Argentina.

• Thursday, July 20th 2017 - 09:45 UTC

  “Dump Falklands and Tierra del Fuego, they are too expensive”, says Argentine top banker

  

  Another member of Argentine President Mauricio Macri administration is in trouble over statements referred to the Falkland Islands, which were actually unearthed from years back, but in election time strange things tend to happen and social networks picked up the outburst of such major 'sin'.

• Thursday, July 20th 2017 - 09:29 UTC

  UK ex top diplomat warns of “disastrous consequences” of Brexit

  

  The author of the European Union’s Article 50 has issued a call for Brexit to be halted, warning that its “disastrous consequences” are becoming clearer every day. Lord Kerr of Kinlochard was among more than 60 prominent figures in Scotland who signed a joint letter warning that Brexit has seriously damaged the UK’s international reputation and calling for a “UK-wide debate about calling a halt to the process”.

• Wednesday, July 19th 2017 - 15:16 UTC

  Mexico digesting major crude discoveries, delays offshore oil auctions

  

  Mexico will delay its next offshore oilfield auctions by a month, giving international bidders more time to evaluate recent major crude discoveries that highlight the potential value of the assets. A new billion-barrel find announced last week “confirms that the Mexican side of the Gulf of Mexico is very prolific,” said Juan Carlos Zepeda, Mexico’s chief oil regulator in an interview.