Economy

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.
Friday, February 12th 2016 - 18:14 UTC
Falklands' exploratory campaign ended, following termination of ocean rig contract

The Falkland Islands government and Premier Oil have announced on Friday the ocean rig 'Eirik Raude' contract termination, which in practical terms puts an end to the current exploratory campaign and the scheduled drilling of the Chatham well. Nevertheless both sides underlined the success of the now terminated campaign with the oil discoveries at the Zebedee and Isobel Deep prospects in the North Falkland basin and look forward to continue working in the near future.
Friday, February 12th 2016 - 06:55 UTC
Lagarde, as sole candidate, has virtually assured five more years as IMF head

The International Monetary Fund (IMF) has nominated current managing director Christine Lagarde for the second term, IMF Executive Board Dean Aleksei Mozhin said in a statement on Thursday.
Friday, February 12th 2016 - 06:33 UTC
France claims the EC has done ”too little too late to help (struggling) farmers”

France called on the European Commission to do more to help its struggling livestock industry, seeking to defuse protests that have seen farmers block highways and supermarkets.
Friday, February 12th 2016 - 06:21 UTC
Brazil's economic outlook worsens, according to latest central bank survey

Analysts expect Brazil's economy to contract by 3.21% this year, with the outlook worsening from last week, the Central Bank said this week. Seven days ago analysts said they expected Brazil's economy to contract by 3.01% in 2016.