Economy

• Saturday, October 29th 2016 - 10:46 UTC

  Post Brexit UK economy surprises and grows above expectations

  

  The UK economy grew by 0.5% in the three months after the Brexit vote, the Office for National Statistics (ONS) has said. The figure for July to September was down from the 0.7% growth recorded in the second quarter of 2016 - the months before Britain voted to leave the European Union.

• Saturday, October 29th 2016 - 10:07 UTC

  South Atlantic deep water seismic survey between YPF and Norway's Statoil

  

  Argentina's oil company YPF and Norway's Statoil have signed a cooperation agreement to further gather information on Argentina's offshore potential. The accord was signed in Oslo between YPF CEO Ricardo Darré and Statoil Exploration vice president Tim Dodson.

• Friday, October 28th 2016 - 14:28 UTC

  Falklands celebrating 30 years of the Fishery that transformed the Islands

  

  The Falklands Islands are recalling a milestone decision for the development and transformation of the economy of the country. On October 29, 1986 a Proclamation declaring the Interim Falklands Conservation and Management Zone was signed by Governor Gordon Jewkes. Director of Natural Resources, John Barton pointed out at a presentation on Wednesday evening to mark 30 years of Falkland Fisheries.

• Friday, October 28th 2016 - 12:23 UTC

  Renewable energy overtakes coal in electricity generation capacity; half a million solar panels installed every day

  

  The International Energy Agency said in its latest report that last year the world's capacity to generate electricity from renewable sources has now overtaken coal, and renewable accounted for more than half of the increase in power capacity.

• Thursday, October 27th 2016 - 04:21 UTC

  Reshuffle in the Tata Group; selection committee to look for a new CEO

  

  The board of Tata Sons, the holding company of the Tata Group, has unexpectedly replaced Cyrus Mistry as chairman. Ratan Tata has been named as interim chairman while a selection committee finds a permanent replacement.

• Thursday, October 27th 2016 - 03:29 UTC

  Lowering interest rates in Brazil will be “moderate and gradual”, says Central bank

  

  Inflation forecasts for the next couple of years point to limited room for monetary easing in Brazil, the central bank said on Tuesday, suggesting it is unlikely to accelerate the pace of interest rate cuts in its November policy meeting. In the minutes of its Oct. 19 meeting, in which it cut its benchmark Selic rate by 25 basis points to 14%, the bank also said it was worried about a recent pause in the slowdown of services price rises.

• Thursday, October 27th 2016 - 01:42 UTC

  Epic cheese glut in US; farmers dumping milk into lagoons

  

  The United States is currently in the midst of an epic cheese glut — with 1.2 billion pounds of cheese sitting in cold storage. This in practical terms means every man, woman, and child would have to grab an extra three pounds chair. That’s over and above the 36 pounds of cheese per year the average American already eats.

• Thursday, October 27th 2016 - 01:23 UTC

  Tierra del Fuego PC assembly industry at risk if import tariffs (35%) are lowered

  

  A new challenge for Tierra del Fuego province and its industrial promotion scheme: the Argentina government is planning to eliminate all tariffs on the import of computers and components beginning 2017, which is estimated could cost anywhere from 4.000 to 12.000 jobs.

• Wednesday, October 26th 2016 - 10:57 UTC

  PM Theresa May and Scotland´s First Minister Sturgeon clash over Brexit

  

  British PM Theresa May and Scotland’s First Minister clashed at a Downing St Brexit summit dominated by a “very frank exchange of views”, Nicola Sturgeon revealed. Ms Sturgeon branded a warning from Number 10 that the devolved administrations must not try to undermine the UK’s negotiating position as “nonsense” as she labelled the talks between the PM and the leaders of Scotland, Wales, and Northern Ireland, as “deeply frustrating”.

• Tuesday, October 25th 2016 - 12:20 UTC

  Temer urges Congress to approve bill easing oil industry regulation and Petrobras monopoly

  

  President Michel Temer urged Congress on Monday to approve a bill that would ease oil industry regulation and strip state-controlled oil giant Petrobras of some of its privileges in Brazil's most promising oil fields. The proposed regulatory framework would “create new jobs” and “provide a new boost to investment in the sector,” Temer said in an address at the opening of the Rio Oil and Gas conference.