Economy

• Wednesday, February 17th 2016 - 11:11 UTC

  Pollack announces a new settlement with Argentine bondholders

  

  The court-appointed mediator in the bonds dispute says Argentina has reached a settlement with bondholders seeking about 1% of the US$10 billion being pursued by investors. Mediator Daniel Pollack announced on Tuesday in New York the deal in the class action case. The deal came nearly two weeks after he announced two of six leading bondholders settled claims for more than US$1 billion.

• Wednesday, February 17th 2016 - 11:04 UTC

  Main oil exporters agree to freeze production, ...if all leading producers join

  

  Four of the world's biggest oil-producing nations moved to freeze their production on Tuesday to try to halt the 70 percent drop in the price of crude because of a glut of oil on world markets. The agreement was reached by the oil ministers of Russia and three members of the Organization of the Petroleum Exporting Countries, Saudi Arabia, Venezuela and Qatar, during a closed-door meeting in Doha, the Qatar capital.

• Tuesday, February 16th 2016 - 11:24 UTC

  Brazilian economy prospects worsen, says central bank survey

  

  Analysts expect Brazil's economy to contract by 3.33% this year, with the outlook worsening from last week, the Central Bank said Monday. Last week, analysts said they expected Brazil's economy to contract by 3.21% this year.

• Tuesday, February 16th 2016 - 07:43 UTC

  Brazil will hold Olympic Games despite Zika, says president Rousseff

  

  Brazilian President Dilma Rousseff said that the 2016 Olympic Games in Rio de Janeiro would take place despite the Zika virus, at a time when various athletes have expressed their fears about competing.

• Monday, February 15th 2016 - 07:20 UTC

  With Chinese New Year over, central bank reaffirms strong Yuan policy

  

  Chinese central bank governor Zhou Xiaochuan has accused “speculative forces” of targeting the country's currency, the Yuan, and argued there was no reason for the Yuan to keep depreciating in value and that China would not let international speculators dominate market sentiment.

• Sunday, February 14th 2016 - 23:29 UTC

  Illex 2016 Fishing Season begins in Falkland’s Waters.

  

  Fishing for Illex squid in Falkland’s water took off on Sunday, as the 2016 fishing season opens. A total of 105 fishing licenses have been issued. The number of licenses issued has remained consistent for the past three seasons.

• Saturday, February 13th 2016 - 08:34 UTC

  Macri announces end of mining export duties campaigning for provincial support

  

  Continuing with his economic reforms Argentine president Mauricio Macri announced on Friday the elimination of export duties for metallic and non-metallic minerals during a visit to the province of San Juan, a key mining district in Argentina. At the announcement were present several other provincial governors with strong interests in the mining industry.

• Saturday, February 13th 2016 - 05:40 UTC

  Aurelius hedge fund “baffled” by Argentina's decision to 'continue litigation'

  

  Hedge fund Aurelius Capital Management, one of the major creditors in the Argentine bond litigation who has not agreed to participate in a proposed $6.5 billion settlement, called Argentina's decision to return to court in the dispute “baffling.”

• Saturday, February 13th 2016 - 05:32 UTC

  Pollack confirms 'eventful week' of negotiations between Argentina and holdouts

  

  In the midst of ongoing negotiations in the United States courts between the administration of President Mauricio Macri and holdouts to reach an agreement, special master Daniel A. Pollack on Friday issued a statement reiterating “two major holdouts reached agreements in principle with Argentina to settle their claims.

• Friday, February 12th 2016 - 18:47 UTC

  Falklands' (oil exploration) “has been a hugely successful campaign”, says Rockhopper

  

  Rockhopper Exploration which has a joint venture agreement with Premier Oil offshore the Falkland Islands, described the oil exploration campaign now terminated as a 'huge success' and underlines the postponement of the Chatham well drilling will have no impact on the Field Development Plan for the Sea Lion oil discovery development.