Economy

• Tuesday, August 23rd 2016 - 06:37 UTC

  Premier Oil currently drafting a Project Proposal for oil production in the Falklands

  

  The commercialisation of the Sea Lion Oil Field off the Falkland Island’s continues to take steps forward as Premier Oil prepares a detailed project proposal to be submitted to the Falkland Island’s Government (FIG). Premier Oil has been undertaking public consultations in the Falklands over the past week as part of their Environmental Impact Assessment, which will support their application to FIG to proceed with oil development.

• Monday, August 22nd 2016 - 12:00 UTC

  Chile: scientific report states that dumping dead salmon in the sea was not linked to red tide

  

  A committee of independent scientists which was named to investigate the red tide phenomenon affecting the Los Lagos Region in the south of Chile, earlier this year, have concluded that salmon dumping in the sea was not an agent causing the phenomenon.

• Monday, August 22nd 2016 - 11:13 UTC

  Despite all odds, Rio “the marvelous city” earned its Olympian record

  

  Rio do Janeiro is the marvelous city, the heart of Brazil, are the lyrics of the song which identifies the sublime and the misery of Latin America's biggest country with the largest economy. This Sunday ended the almost three weeks 31st Summer Olympics hosted for the first time by a non developed country, and contrary to fears and uncertainties ended as a complete success, winning the hearts of all those who shared the Rio Games.

• Saturday, August 20th 2016 - 05:29 UTC

  UK strongly supports innovative solutions for the Chilean mining sector

  

  The British Embassy in Chile participated at the mining conference Medmin to strengthen the importance of British innovative solutions for the mining sector in a country which is highly dependent on minerals and is the world's leading exporter of copper.

• Friday, August 19th 2016 - 13:17 UTC

  US Federal Reserve reiterates concern with stubbornly slow rate of inflation

  

  United States Federal Reserve officials believed last month that near-term risks to the U.S. economy had subsided and that an interest rate increase could soon be warranted. But they did not indicate when they would likely raise rates.

• Friday, August 19th 2016 - 12:59 UTC

  Argentina's Supreme Court rules gas rate increases must be rolled back

  

  Argentina's Supreme Court on Thursday blocked President Mauricio Macri's move to slash natural gas subsidies, a much-hated policy that has sent customers' bills soaring. The ruling is the hardest blow yet to the business-friendly president's move to eliminate electricity, gas and water subsidies which he says are bloating the deficit and sapping the struggling economy.

• Thursday, August 18th 2016 - 06:04 UTC

  Macri after full integration of Mercosur with the Pacific Alliance

  

  Latin America needs greater economic integration and a merger of Mercosur and the Pacific Alliance should be the objective, according to Argentine president Mauricio Macri, who insists in loosening trade restrictions in his country and the region.

• Tuesday, August 16th 2016 - 20:39 UTC

  Argentina's squid season, one of the worst in recent times, is almost over

  

  Only a few jiggers are still operating in the South Atlantic while the bulk of the Argentine fleet has already finished one of its worst squid (Illex argentinus) seasons. According to figures from Ministry of Agro Industry, until last August 8 a total of 56,159 tons of Illex had been landed.

• Tuesday, August 16th 2016 - 20:25 UTC

  Macri preparing a major show to the world's business elite his vision of a modern Argentina

  

  Argentina is organizing a major business and investment forum next month, September 12/15, in Buenos Aires and more than 1,500 world business leaders and representatives of government and economic institutions are scheduled to attend the event, probably the largest in recent times in Latin America.

• Tuesday, August 16th 2016 - 06:56 UTC

  Argentina reaches agreement with oil companies for temporary freeze of fuel prices

  

  Argentina's government and leading oil companies hammered out a plan to gradually trim artificially high wellhead crude prices over the next three months in exchange for a temporary freeze on retail fuel prices.