International

• Friday, July 15th 2016 - 06:57 UTC

  Bank of England leaves interest rates unchanged until it has the full picture

  

  Bank of England kept interest rates on hold and refrained from injecting more money into the British economy Thursday, despite some clear evidence of the initial economic damage caused by the country's decision last month to leave the European Union.

• Friday, July 15th 2016 - 06:35 UTC

  Oil company pledges US$ 1.4bn in investments in Argentine Patagonia

  

  Pan American Energy PAE, announced on Thursday investments of 1.4bn dollars in exploration and exploitation of conventional and non conventional hydrocarbons in the Argentine Patagonia provinces of Neuquen, Chubut and Tierra del Fuego.

• Friday, July 15th 2016 - 06:32 UTC

  French foreign minister calls Boris Johnson a liar with “his back against the wall”

  

  France's foreign minister has said his newly-appointed British counterpart, Boris Johnson, is a liar with “his back against the wall”. In comments to Europe 1 radio, Jean-Marc Ayrault said Mr Johnson had lied to the British people during the recent EU referendum campaign and would now be under pressure “to defend his country”.

• Friday, July 15th 2016 - 03:01 UTC

  'Suspend Falkland/Malvinas sovereignty claim until 2033', when hopefully Argentina becomes attractive

  

  Argentina's former foreign minister Dante Caputo has proposed suspending the sovereignty claim over the Falkland/Malvinas Islands until 2033, when the 200th anniversary of the “British occupation” because according to his own words, “the multilateral path no longer yields a result”. And he emphasized, “they will come when the country becomes attractive for the Argentines”.

• Friday, July 15th 2016 - 01:59 UTC

  PM May confirms Gibraltar to be “fully involved” in Brexit negotiations

  

  Britain’s new Prime Minister Theresa May met Gibraltar Chief Minister Fabian Picardo and the Deputy Chief Minister Dr Joseph Garcia on Wednesday afternoon to discuss Gibraltar, Brexit and Spanish “rhetoric” about the Rock. The meeting took place in the Prime Minister’s Rooms in the House of Commons, which Mrs May had taken possession of just a few moments before.

• Thursday, July 14th 2016 - 07:50 UTC

  EU warns former head Barroso about professional secrecy in his Goldman Sachs Brexit contract

  

  The European Commission said its former head Jose Manuel Barroso will be bound by EU rules of professional secrecy at his controversial new job for US investment bank Goldman Sachs. The bank has hired Barroso, who headed the executive of the 28-nation European Union from 2004 until 2014, as an advisor on the British public's June 23 vote to leave the EU, drawing fire from leftist politicians in Europe.

• Thursday, July 14th 2016 - 07:43 UTC

  Petrobras tenth FPSO vessel in the pre-salt Santos Basin begins production

  

  Petrobras declared the commencement of production from the Cidade de Saquarema floating production, storage and offloading (FPSO) vessel at the Lula oil field on Jul 8. The offshore oil field is situated in the pre-salt Santos Basin and most importantly, the Cidade de Saquarema unit is the tenth FPSO that is working in the pre-salt region of Brazil.

• Thursday, July 14th 2016 - 07:30 UTC

  A third of commercial fish stocks fished at unsustainable levels, says FAO

  

  Global per capita fish consumption has risen to above 20 kilograms a year for the first time, thanks to stronger aquaculture supply and firm demand, record hauls for some key species and reduced wastage, according to a new FAO report.

• Thursday, July 14th 2016 - 07:27 UTC

  Higher forecasts for wheat output and cereal consumption in 2016/17

  

  FAO's Cereal Supply and Demand Brief pointed to improved production prospects primarily for wheat. Global wheat production is now pegged at 732 million tons, more than one percent higher than anticipated in June, mainly due to improved prospects in the EU, the Russian Federation and the U.S., as a result of better weather conditions.

• Thursday, July 14th 2016 - 07:23 UTC

  Food commodity prices shot up 4.2% in June, steepest in four years says FAO

  

  International food commodity prices shot up 4.2% in June, their steepest monthly increase of the past four years. The FAO Food Price Index averaged 163.4 points in June and is now one percent below the level reached a year earlier. The June rise, which affected all commodity categories except vegetable oils, was the fifth consecutive monthly increase.