Economy

• Sunday, September 18th 2016 - 06:52 UTC

  Argentina/UK statement on Falklands and dialogue ”promising”, but Congress decides

  

  The recent Argentina/UK joint cooperation statement, with a chapter on the Falklands/Malvinas Islands, is “promising”, however much rests to be defined and agreed, and additional air links should be carried out by Argentina's flag carrier, according to Rosana Bertone, governor of the extreme south province of Tierra del Fuego, Antarctica and South Atlantic Islands.

• Saturday, September 17th 2016 - 23:17 UTC

  US Justice Department demands US$14bn from Deutsche Bank for 2008 mortgages scam

  

  The US Department of Justice is asking Deutsche Bank to pay US$14bn to settle an investigation into mortgage-backed securities, the bank has said. However Deutsche Bank said it “has no intention to settle these potential civil claims anywhere near the figure cited.”

• Friday, September 16th 2016 - 08:25 UTC

  Argentina (and Brazil) optimistic about a Mercosur/EU trade accord by the end of 2017

  

  The current critical situation of Mercosur is an opportunity to strengthen and advance trade negotiations, which could include the long delayed accord with the European Union by the end of 2017, according to Argentina's Secretary of Commerce, Miguel Braun.

• Friday, September 16th 2016 - 07:06 UTC

  Bank of England rates remain at record low, but could be further cut

  

  The Bank of England said on Thursday it was still likely to cut interest rates to just above zero later this year, even though the initial Brexit hit to Britain's economy would be less severe than it expected only last month. The Bank said its nine rate-setters were unanimous in their decision to keep Bank Rate at its new record low of 0.25%, the lowest in the BoE's 322-year history.

• Thursday, September 15th 2016 - 20:54 UTC

  Falklands' Development Corporation partners with horticultural specialists to expand commercial opportunities

  

  The Falkland Islands Development Corporation (FIDC) announced that three UK horticultural specialists will visit the Falklands next month in order to appraise the potential for future horticultural developments. The three consultants will be the Islands for a week and will hope to identify profitable, commercial opportunities for Falkland businesses.

• Thursday, September 15th 2016 - 10:34 UTC

  Falklands' Sea Lion oil project break-even price reduced to US$ 45 a barrel

  

  Falkland Islands oil explorer Rockhopper Exploration Plc has confirmed cost cuts at its Sea Lion project, which will reduce the scheme´s break-even price to US$ 45 a barrel. Capital investment at Sea Lion to reach first oil is now estimated at US$ 1.5bn.

• Thursday, September 15th 2016 - 10:30 UTC

  Bayer and Monsanto confirm merger in a $66bnm mega-deal; activists ready to protest

  

  Seed and chemical giants Bayer and Monsanto said on Wednesday that they will merge to become one of the world’s biggest agriculture giants, a 66 billion-dollar mega-deal that could reshape the future of farming and enhance their influence over the planet’s food supply.

• Thursday, September 15th 2016 - 10:23 UTC

  “After 15 years we are open for business” in Argentina announces US Ex-Im bank

  

  The United States Export-Import Bank said it would begin offering financing in Argentina for the first time since the country's economic meltdown in 2001 and 2002. In previous decades the bank provided low-rate loans to support local investment, including the construction of one of the main highways leading into this city.

• Thursday, September 15th 2016 - 10:18 UTC

  Siemens pledges to invest US$ 5.6bn in energy and infrastructure in Argentina

  

  German industrial conglomerate Siemens AG signed a letter of intent on Wednesday to participate in up to US$5.6 billion of energy, transportation and infrastructure projects in Argentina, Chief Executive Joe Kaeser said.

• Thursday, September 15th 2016 - 09:57 UTC

  BP “really encouraged” by Argentina, interested in increasing investments

  

  British Petroleum is looking to increase its investments in Argentina after seeing “tremendous change” in the country since President Mauricio Macri took office nine months ago, CEO Bob Dudley said on “Bloomberg Markets” this week. Argentina just “feels different,” Dudley told Bloomberg's Erik Schatzker at the inaugural Argentina Business Investment Forum in Buenos Aires.