Economy

Monday, November 24th 2014 - 06:37 UTC
Argentine central bank discards 'any devaluation' of the Peso in 2015

The head of Argentina's Central Bank Alejandro Vanoli reaffirmed that “there won’t be a devaluation” of the Peso next year and stressed that the government of President Cristina Fernandez will not give in to pressure from the financial market and the export sector.
Saturday, November 22nd 2014 - 09:19 UTC
Brazil committed to advance with EU/Mercosur trade negotiations

Brazil must speed international trade agreement negotiations, said cabinet chief Aloizo Mercadante, in direct reference to Mercosur and demanding an end to internal disputes.
Saturday, November 22nd 2014 - 09:13 UTC
Argentina's economy weakens in September, according to official stats

Argentina's economy weakened slightly in September as high inflation and declining purchasing power curbed sales and industrial production. A proxy for economic growth published by the government fell 0.2% on the year, the national statistics agency Indec reported Friday.
Saturday, November 22nd 2014 - 06:47 UTC
Falklands construction booming: permission for second 80 bedroom hotel

Building continues at a steady rate in the Falkland Islands with 15 applications approved for construction in the capital Stanley, including permission for an 80 bedroom employees hotel for oil exploration technical staff, according to the latest Planning and Building Committee meeting.
Saturday, November 22nd 2014 - 06:07 UTC
Rousseff expected to announce proven fiscal hawk as Finance minister

Brazilian president Dilma Rousseff already has the names for crucial posts in her new government, but they will not be announced until next Wednesday according to reports in Sao Paulo and Rio do Janeiro newspapers based on Planalto sources. But the names were sufficient to make the Sao Paulo stock exchange surge 5% on Friday.
Saturday, November 22nd 2014 - 06:00 UTC
World markets celebrate after China cuts benchmark interest rates

China's central bank on Friday unexpectedly cut benchmark interest rates for the first time in more than two years, as authorities seek to prop up flagging growth in the world's second-largest economy.
Saturday, November 22nd 2014 - 05:49 UTC
US Senate grills banks accused of 'unfair' trading practices with commoditisers

Executives of three US banks are being grilled by senators over accusations the banks engaged in unfair trading practices relating to several commodities. A two-year report found that Goldman Sachs, Morgan Stanley and JP Morgan Chase bought up large stockpiles of commodities like aluminum and copper.
Friday, November 21st 2014 - 21:16 UTC
Falklands opens dock facility to support oil industry exploration beginning 2015

This week Houston based Noble Energy, one of the several oil companies operating in the Falkland Islands made the official opening of the temporary dock facility (TDF) in Stanley, an essential piece for the logistics of the industry which is scheduled to begin another round of exploratory drilling in the first quarter of next year.
Friday, November 21st 2014 - 07:04 UTC
Iran negotiations, OPEC meeting loom for oil markets

As November draws to a close, there are two major events that could profoundly change the oil markets. With the clock ticking, the 5 permanent members of the UN Security Council plus Germany (P5 plus 1) are negotiating down to the wire with Iran over its nuclear program.
Friday, November 21st 2014 - 06:59 UTC
Potential of US offshore oil and gas, according to American Petroleum Institute

Two new studies released by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added energy and economic benefits to the United States if the Eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development.