Economy

• Sunday, July 23rd 2017 - 12:23 UTC

  Bank of America moves European operations to “natural location” Dublin

  

  The Bank of America announced Friday that Dublin will be the new base for its European Union operations following Britain’s decision last year to split from the EU. Brian Moynihan, CEO of the Charlotte-based bank, made the announcement during a trip to the Irish capital city. It becomes the latest large U.S. bank in recent weeks to disclose plans for continuing to serve clients in EU countries following the so-called Brexit vote in 2016.

• Sunday, July 23rd 2017 - 12:14 UTC

  Maersk closer of first gas in North Sea Culzean field; 60.000/90.000bpd expected

  

  Maersk Oil said on Friday that it had reached another key milestone ahead of first gas from its flagship North Sea Culzean field. All three platform jackets for the £3.3billion project have now been put in place on time and on budget, the company said.

• Saturday, July 22nd 2017 - 23:04 UTC

  NAFTA members agree negotiations round; Mexico insists on strict timetable

  

  United States, Mexican and Canadian officials have agreed to an aggressive timetable to renegotiate the North American Free Trade Agreement (NAFTA), sources said, aiming to conclude early next year to avoid Mexico’s 2018 presidential elections.

• Saturday, July 22nd 2017 - 22:58 UTC

  Mining companies considering expansion in Chile as copper price recovers

  

  Chilean authorities have approved a US$2.5 billion expansion of BHP Billiton's Spence copper mine, a local newspaper reported, though the company has not yet decided whether to go ahead with the project.

• 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.