Investments

• Thursday, September 27th 2018 - 08:35 UTC

  UK’s Trade Envoy in Peru with 15-strong business delegation to launch Joint Task Force

  

  Mark Menzies, the UK Prime Minister’s Trade Envoy to Peru, Chile, and Colombia, is in Lima this week with a delegation of 15 representatives of British government and businesses, including Arup, MACE, Clifford Chance, Crossrail, UK Export Finance, and the City of London. He will seek to identify new areas to boost UK-Peru trade and investment.

• Thursday, September 27th 2018 - 06:12 UTC

  Falklands considers preliminary studies into developing salmon farming

  

  The Executive Council of the Falkland Islands discussed a proposal to consider salmon farming in the Falklands. The proposal sought authorisation for Government officers to negotiate a Letter of Intent with the Danish company, Pisco ApS, to evaluate whether conditions in the Islands would be adequate to support the development of salmon fish farming.

• Thursday, September 27th 2018 - 05:25 UTC

  Temer tells US corporate leaders Brazil is open for business

  

  Brazil has been clawing itself out from the worst recession in its history, but that hasn’t stopped President Michel Temer from touting the country to investors. Temer and his entourage told United States business leaders at an event leading up to the United Nations General Assembly that the country is open for business.

• Wednesday, September 26th 2018 - 21:13 UTC

  Fed raises interest rate and announces a third increase this year

  

  The United States Federal Reserve announced on Wednesday, after a two-day policy meeting, that it would raise interest rates for the third time this year. The decision, which had been widely expected, raised the federal funds rate by 25 basis points, to a range of 2% to 2.25%.

• Tuesday, September 25th 2018 - 19:04 UTC

  Argentine Central bank governor resigns for personal reasons: Peso slides 5% against the US dollar

  

  The governor of Argentina's central bank, Luis Caputo resigned on Tuesday for personal reasons, the bank said in a statement, a surprise announcement in the midst of the country's talks with the IMF that sent the peso tumbling. Former finance minister Caputo has only held the role since June and is the second Argentine central bank president to resign this year. Argentina's peso currency slid 4.65% to open at 39.15 per U.S. dollar after the announcement, traders said.

• Saturday, September 22nd 2018 - 08:30 UTC

  Argentina ready to launch a satellite to monitor natural disasters and soil moisture

  

  Argentina is launching a new microwave imaging satellite to monitor natural disasters and soil moisture, in a long-term bid to bolster the farm sector, an industry that has historically been the backbone of the country’s economy.

• Thursday, September 20th 2018 - 06:52 UTC

  Falklands Sea Lion development on track to begin offshore operations

  

  Negotiations continue with service providers for the Premier Oil-operated Sea Lion development in the offshore North Falkland basin. According to partner Rockhopper Exploration, Phase 1 will develop around 220 MMbbl in license PL032 and a further 300 MMbbl from the license’s remaining resources under Phase 2.

• Friday, September 14th 2018 - 08:12 UTC

  Amazon's Bezos becomes leading philanthropist: US$ 2 billion for open pre-schools and homeless families

  

  Amazon founder and chief executive Jeff Bezos has said he is giving US$2 billion to start a fund that will open pre-schools in low-income neighborhoods and give money to non-profit groups which help homeless families.

• Thursday, September 13th 2018 - 10:10 UTC

  Ciro Gomes pledges to de-concentrate Brazil's banks, and to help 63 million listed as delinquent debtors

  

  Center-left populist presidential candidate Ciro Gomes vowed on Wednesday to reduce concentration in Brazil's banking sector if elected in October, warning that he would open the sector up to more foreign competition if necessary.

• Friday, September 7th 2018 - 08:50 UTC

  Falklands' beds for tourists has grown by 31% and is now 500

  

  The number of rooms and beds available in the Falkland Islands has increased significantly over the last two seasons, both in Stanley and Camp, Stephanie Middleton, Executive Director of the Falkland Islands Tourist Board told the Penguin News.