Economy

Tuesday, June 9th 2015 - 07:28 UTC
FI Holdings' profits helped by Falklands increased activity and investments

Falkland Islands Holdings PLC said on Monday that underlying pre-tax profit and revenue was broadly flat in its recently-ended financial year, and trading so far in the new year has met its expectations as it seeks to accelerate its growth and increase its scale through acquisitions.
Monday, June 8th 2015 - 13:00 UTC
China imports dropped 17.6% during May, and exports 2.5%

Exports in the world's second largest economy, China, fell for a third consecutive month in May, highlighting slowing demand in the country. Sales abroad fell 2.5% from a year ago in dollar denominated terms, and 2.8% in Yuan denominated figures.
Monday, June 8th 2015 - 09:11 UTC
Uruguay's vice-president travels to Brussels to advance Mercosur/EU trade talks

Uruguay's vice-president Raúl Sendic and Foreign minister Rodolfo Nin Novoa will be attending this week's summit of EU and Celac leaders scheduled in Brussels, which will also address in the sidelines, current EU/Mercosur negotiations for a wide ranging trade agreement.
Monday, June 8th 2015 - 08:32 UTC
YPF strikes shale gas in Vaca Muerta; initial production 43.000 m3day

Argentina's government managed energy company YPF said on Sunday that it turned up a new promising shale gas deposit in its giant Vaca Muerta field in the south of the country.The find, in the Patagonian province of Neuquen, suggests there is likely much more gas in the vast but barely tapped Vaca Muerta field, YPF said.
Monday, June 8th 2015 - 07:36 UTC
Argentine financial watchdog claims banks actively collude to take money out of the country

Argentina's head of the Financial Information Unit (UIF) watchdog, José Sbatella has accused major banks of not just participating, but actively organizing operations to move capital out of the country. The official made reference to ongoing cases involving capital flight against worldwide financial powerhouses HSBC, BNP Paribas and JP Morgan, in an interview published in Página 12.
Saturday, June 6th 2015 - 11:23 UTC
Corporations experience huge 'trust deficit' in major Western economies, says TUC

Just one in five of people in western economies like France, Germany, the UK and the US agree that corporations can be trusted with their global workforce, according to a new poll commissioned by International Trade Union Confederation.
Saturday, June 6th 2015 - 10:02 UTC
For a world in distress, “the answer is Latin America” argues Argentine ambassador in London

The Argentine ambassador in the UK, Alicia Castro, was one of the main speakers invited to an event yesterday which included the discussions “another world is possible” and “against foreign intervention in Latin America”. Dozens of activists from across the UK expressed their support for a range of Latin American causes.
Saturday, June 6th 2015 - 09:46 UTC
Falklands oil companies planning to continue drilling into next year

Falkland Oil and Gas plans to continue drilling into next year, its chief executive said, defying legal threats made by the Argentine government against oil explorers in the Falkland Islands.
Saturday, June 6th 2015 - 08:24 UTC
US unemployment in May ups to 5.5%, as more people look for jobs

The US economy added 280,000 jobs in May, the US Labor Department has said. The increase was more than analysts had expected and the biggest this year and was described as “encouraging”.
Saturday, June 6th 2015 - 08:00 UTC
Argentine debt climbed 5.4bn of Friday following Griesa's ruling favoring 'me too' bond holders

Argentina must pay US$5.4 billion to more than 500 “me-too” holders of defaulted debt before it can pay the majority of its creditors, a US judge ruled on Friday. Argentina anticipated it would appeal the ruling.