Economy

• Wednesday, September 14th 2016 - 18:35 UTC

  Falklands welcomes UK/Argentina future cooperation agreement, which leaves sovereignty discussions out

  

  The Falkland Islands Government (FIG) welcomed the UK/Argentina future cooperation agreement to remove all obstacles limiting the economic growth and development of the Falkland Islands and points out it will be represented at future discussions on these matters, the removal of sanctions on hydrocarbons, fisheries, shipping and tourism, and underlines that “sovereignty of the Falkland Islands will not be part of these discussions”.

• Wednesday, September 14th 2016 - 13:18 UTC

  Canada's Agrium and Potash create fertilizer and farm retailing giant

  

  Canada's Agrium and Potash Corp. of Saskatchewan said they would combine, a deal that would create a fertilizer and farm retailing giant with pro-forma enterprise value of US$36 billion but also trigger U.S. regulatory scrutiny.

• Tuesday, September 13th 2016 - 19:56 UTC

  Brazil launches ambitious program to auction off oil, power and infrastructure concessions

  

  Brazil on Tuesday launched a multibillion-dollar plan to auction off oil, power rights and infrastructure concessions, in an attempt by the new government to bolster private investment in a moribund economy. The government will sell operating licenses for airports in the cities of Porto Alegre, Salvador, Florianopolis and Fortaleza by the first quarter of 2017. It also plans to sell rights to operate federal roads in the center-west and south regions later next year.

• Tuesday, September 13th 2016 - 19:51 UTC

  Macri announces top level meeting with UK to address ''all issues'', next week in New York

  

  Argentine president Mauricio Macri described as a “gesture” the attendance of Foreign Office minister Alan Duncan at the Business and Investment forum in Buenos Aires, and anticipated that UK and Argentina are preparing a bilateral meeting next week in New York on the sidelines of the annual UN general assembly to address all issues including Falklands/Malvinas.

• Tuesday, September 13th 2016 - 11:16 UTC

  Fed expected to keep cautious approach to interest rates next week

  

  North American stock markets rallied today after a U.S. Federal Reserve official hinted that the central bank remains cautious about interest rate hikes. Fed governor Lael Brainard said the risk with raising rates too soon is that it could damage the fragile economy.

• Tuesday, September 13th 2016 - 10:58 UTC

  UK a most unequal country; 10% of population own over half of the wealth

  

  The richest 1% of the UK population owns more than 20 times the wealth of the poorest fifth, according to Oxfam. That made Britain one of the most unequal countries in the developed world and contributed to the vote for Brexit, the charity said.

• Tuesday, September 13th 2016 - 10:17 UTC

  More than 230 cruise ships will pass through the Panama Canal this 2016/17 season

  

  Cruise ship Coral Princess is slated to transit the Panama Canal on a voyage from Los Angeles, Calif., to the U.S. East Coast on October 4, 2016, officially kicking off the canal’s 2016-2017 cruise season, which according to the Panama Canal Authority will see more than 230 cruise ships pass through the Panama Canal.

• Tuesday, September 13th 2016 - 09:55 UTC

  “If beef is not included”, there won't be no Mercosur-EU trade agreement, warns Uruguay

  

  “If beef is not included, there won't be any agreement”, said Uruguay's foreign minister Rodolfo Nin Novoa in anticipation of next week's meeting of European Union and Mercosur coordinators to adjust the list of goods and services the two blocks will formally exchange in mid October, the first formal meeting of its kind in fourteen years.

• Monday, September 12th 2016 - 10:19 UTC

  Guyana working to establish an onshore oil and gas facility to boost the incipient industry

  

  The Guyana government intends to establish an onshore oil and gas facility in the country as it seeks to fully optimize opportunities in petroleum exploration and production. The Ministry of Natural Resources, working in conjunction with the Ministries of Public Infrastructure and Business, says it believes that this facility is critical and said it is part of the raft of measures intended to ensure that Guyana keeps on the right trajectory in the development of the oil and gas industry.

• Monday, September 12th 2016 - 07:35 UTC

  “President Macri is a normal person, has a normal head and common sense”

  

  “The president we have now is normal, he has common sense and he wants to make the country normal and sooner than later, we'll be there; he has a normal world in his head”, said Carlos Melconian, head of Argentina's Bank of the Nation in reference to president Mauricio Macri, during a conference in Montevideo where he was invited to talk about “Argentina, the new rules of the game and their impact for Uruguay”,