Investments

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.
Friday, September 7th 2018 - 08:46 UTC
Ex HMS Ocean becomes Brazilian Navy's flagship to maintain safety in the South Atlantic

The Brazilian Navy (Marinha do Brasil) new helicopter carrier PHM Atlântico (A 140) (Multipurpose Helicopter Carrier) reached Rio de Janeiro, its homeport, on August 25. PHM Atlântico previously served as the Royal Navy LPH HMS Ocean for twenty years.
Monday, September 3rd 2018 - 19:17 UTC
Macri admits the seriousness of the situation and Dujovne is off to meet with IMF

President Mauricio Macri unveiled plans on Monday to raise export taxes on grains and slash the number of government ministries in a bid to balance its budget next year, as Argentina seeks a deal with the IMF to accelerate a US$ 50 billion standby loan program.
Saturday, September 1st 2018 - 07:03 UTC
UK Pavilion at Uruguay's main agro show; Falklands with a promotion stand

The British Embassy will be part of Uruguay’s most important agricultural event, focused on business, culture, education, food and entertainment, as well as promoting the Falkland Islands. For the fifth consecutive year, the British Embassy in Montevideo takes part in Expo Prado, with a renewed pavilion that invites visitors to explore London’s Underground.
Friday, August 31st 2018 - 08:34 UTC
India announces its first manned space mission to cost US$1.4bn

India announced it expected to spend less than 100 billion rupees (US$1.43 billion) on its first manned space mission to be launched by 2022, suggesting it is likely to be cheaper than similar projects by the United States and China.
Friday, August 31st 2018 - 08:29 UTC
Norway's Equinor plans to invest US$ 15bn in Brazil's oil, gas and renewables

Norway's Equinor will invest up to US$ 15 billion in Brazil over the next 12 years to develop oil, gas and renewable energy sources, the company said. Coinciding with an expected drop in output from many aging oilfields off the cost of Norway, Brazil is expected to become a core region for Equinor as the firm takes advantage of the country’s opening in recent years to more foreign investment.
Friday, August 31st 2018 - 08:06 UTC
Bargain shopping for oil companies in Buenos Aires stock market

While the foreign exchange market in Argentina experienced a chaotic Thursday with no ceiling for the US dollar as locals dumped their Argentine pesos, the Argentine stock market witnessed another strong increase with the Merval index up 5.3% reaching 26.754,85 points, boosted mainly by the oil industry stocks.