Economy

Wednesday, September 16th 2015 - 09:18 UTC
OPEC refuses to cut output pushing higher-cost oil producers out of the market

The monthly report from the Organization of the Petroleum Exporting Countries said a weaker outlook for China would contribute to slower global oil demand growth next year. “U.S. oil production has shown signs of slowing,” OPEC said in the report. “This could contribute to a reduction in the imbalance of oil market fundamentals, however, it remains to be seen to what extent this can be achieved in the months to come.”
Wednesday, September 16th 2015 - 08:04 UTC
History made as first ever plane lands at St Helena: day to remember 09/15/2015

History was made on St Helena at 13.50hrs GMT Tuesday 15 September 2015, as a Beechcraft King Air 200 aircraft arrived from Angola and touched down at St Helena’s new Airport, prior to conducting a series of calibration flights.
Tuesday, September 15th 2015 - 10:22 UTC
Beijing prepared to privatize huge state companies sector, but “strengthening party leadership”

Beijing has unveiled its long-awaited blueprint for restructuring its mammoth state enterprise sector, including partial privatization, as data pointed to a cooling in the world's second-largest economy.
Tuesday, September 15th 2015 - 10:13 UTC
Brazil announces measures to balance budget; it includes controversial tax on financial transactions

Brazil's government announced on Monday spending cuts and tax increases totaling 65 billion Reais ($16.9 billion) as it races to close a budget deficit that led to a downgrade of the country's credit rating last week.
Tuesday, September 15th 2015 - 10:06 UTC
Tierra del Fuego August inflation, 2.3% and 28.4% in the last twelve months

The consumer price index in Tierra del Fuego, extreme south of Argentina climbed 2.3% in August, totaling 17.4% in the first eight months and 28.4% in the last twelve months, according to the province's stats and census office.
Saturday, September 12th 2015 - 11:27 UTC
First landing ever in St Helena airport scheduled for next week as part of calibration flights

A historic milestone is set to be reached next week when a Beechcraft King Air 200 aircraft is due to land at the new St Helena Airport to carry out a series of calibration flights. This will be the first aircraft to land on St Helena, the island in the middle of the Atlantic Ocean.
Saturday, September 12th 2015 - 11:23 UTC
Falklands' oil company unaware of reasons for share prices increase

Falkland Oil and Gas Limited, the oil and gas exploration company focused on its extensive licence areas to the North, South and East of the Falklands islands, notes Friday's increase in the Company's share price and confirms that it is not aware of any reason that would lead to such a movement.
Saturday, September 12th 2015 - 11:00 UTC
Argentina's inflation slowing but still comfortably on the two digits

According to Argentina's stats office Indec, consumer prices during the month of August climbed 1.2% over July, 9.4% in the eight months and 14.7% in the last twelve months. These numbers however are quite different from private consultants' estimates and the City of Buenos Aires stats office: 2.17% and 1.8% inflation for August, respectively.
Saturday, September 12th 2015 - 09:51 UTC
Germany warns global economy faces financial bubble: too much central banks stimuli

The global economy faces a financial bubble from central banks pumping cash into economies, Germany's finance minister has warned. The comments come after the European Central Bank (ECB) said it would extend its stimulus program if needed.
Friday, September 11th 2015 - 10:34 UTC
Fed's rate decision next week: conflicting positions between US voters and EM central bankers

As the Federal Reserve gets ready to debate its interest rate policy stance next week, a poll released Thursday finds a strong majority of US voters surveyed want central bankers to refrain from boosting short-term interest rates, and to instead concentrate on using monetary policy to further boost the job market.